Us Bancorp \De\ (USB) Tax Rate (2009 - 2026)
Us Bancorp's Tax Rate came in at 21.17% for Q3 2026, up 0.48 percentage points from 20.70% a year earlier and up 1.43 percentage points from the prior quarter.
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Analysis
Us Bancorp \De\ (USB) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Us Bancorp reported Tax Rate of 19.87%, down 0.77 percentage points year-over-year; for FY2025, it came in at 20.18%, up 0.21 percentage points from FY2024.
- Tax Rate carries a five-year change of +2.57 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 19.98% in FY2024 (-0.52 pp), 20.50% in FY2023 (+0.46 pp), 20.04% in FY2022 (-1.42 pp) and 21.45% in FY2021 (+3.84 pp).
- The Q3 2026 figure represents the highest quarterly Tax Rate since Q2 2024.
- Year-over-year, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of +0.77 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2024 (a gain of 6.88 percentage points), and the weakest in Q4 2022 (a drop of 5.95 percentage points).
- Business Quant data shows USB's Tax Rate at 19.74% (Q2 2026), 19.39% (Q1 2026) and 19.03% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | 23.98% |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | 22.68% |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | - |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | 23.29% |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | 22.26% |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | 24.40% |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | 42.13% |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | 16.36% |
| 10 | Us Bancorp \De\ | 95.04 Bn | 95.50 Bn | - | 21.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.17% |
| Jun 30, 2026 | 19.74% |
| Mar 31, 2026 | 19.39% |
| Dec 31, 2025 | 19.03% |
| Sep 30, 2025 | 20.70% |
| Jun 30, 2025 | 20.58% |
| Mar 31, 2025 | 20.52% |
| Dec 31, 2024 | 20.78% |
| Sep 30, 2024 | 16.89% |
| Jun 30, 2024 | 21.64% |
| Mar 31, 2024 | 20.74% |
| Dec 31, 2023 | 13.90% |
| Sep 30, 2023 | 22.05% |
| Jun 30, 2023 | 21.82% |
| Mar 31, 2023 | 21.07% |
| Dec 31, 2022 | 15.53% |
| Sep 30, 2022 | 20.94% |
| Jun 30, 2022 | 21.25% |
| Mar 31, 2022 | 20.31% |
| Dec 31, 2021 | 21.48% |
API Access
Us Bancorp \De\ Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=USB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "USB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=USB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();