Us Bancorp (USB) Operating Expenses (2009 - 2026)
Us Bancorp \De\ (USB) posted Operating Expenses of $4.3 billion for Q1 2026, up 0.9% sequentially from $4.2 billion in Q4 2025, and up 0.78% YoY from $4.2 billion in Q1 2025.
Us Bancorp (USB) Operating Expenses (2009 - 2026) Analysis & Trends
Us Bancorp \De\ has reported Operating Expenses for 18 years, with the latest figure at $4.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 0.78% year-over-year to $4.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.9 billion (down 0.54% YoY) and the FY2025 annual result came in at $16.8 billion, down 2.04% from the prior year.
- Operating Expenses advanced to $4.3 billion in Q1 2026 per USB's latest filing, from $4.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $5.2 billion in Q4 2023 and troughed at $3.5 billion in Q1 2022.
- A 5-year average of $4.2 billion and a median of $4.2 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 30.07% in 2023, then dropped 17.4% in 2024.
- Over 5 years, Operating Expenses stood at $4.0 billion in 2022, then rose by 29.09% to $5.2 billion in 2023, then dropped by 17.4% to $4.3 billion in 2024, then fell by 1.95% to $4.2 billion in 2025, then rose by 0.9% to $4.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.3 billion, $4.2 billion, and $4.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.43 Bn |
| Mar 31, 2026 | 4.27 Bn |
| Dec 31, 2025 | 4.23 Bn |
| Sep 30, 2025 | 4.20 Bn |
| Jun 30, 2025 | 4.18 Bn |
| Mar 31, 2025 | 4.23 Bn |
| Dec 31, 2024 | 4.31 Bn |
| Sep 30, 2024 | 4.20 Bn |
| Jun 30, 2024 | 4.21 Bn |
| Mar 31, 2024 | 4.46 Bn |
| Dec 31, 2023 | 5.22 Bn |
| Sep 30, 2023 | 4.53 Bn |
| Jun 30, 2023 | 4.57 Bn |
| Mar 31, 2023 | 4.56 Bn |
| Dec 31, 2022 | 4.04 Bn |
| Sep 30, 2022 | 3.64 Bn |
| Jun 30, 2022 | 3.72 Bn |
| Mar 31, 2022 | 3.50 Bn |
| Dec 31, 2021 | 3.53 Bn |
| Sep 30, 2021 | 3.43 Bn |