U.S. Bancorp
USBFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
42,712
Cost of Revenue
17,615
Gross Profit
25,097
Gross Margin
58.8%
Operating Income
7,909
Operating Margin
18.5%
Net Income
6,299
Net Margin
14.7%
EPS (Basic)
$3.79
EPS (Diluted)
$3.79
EBITDA
8,848
EBITDA Margin
20.7%
2023
12/31/2023
Revenue
40,624
Cost of Revenue
14,886
Gross Profit
25,738
Gross Margin
63.4%
Operating Income
6,865
Operating Margin
16.9%
Net Income
5,429
Net Margin
13.4%
EPS (Basic)
$3.27
EPS (Diluted)
$3.27
EBITDA
7,883
EBITDA Margin
19.4%
2022
12/31/2022
Revenue
27,401
Cost of Revenue
5,194
Gross Profit
22,207
Gross Margin
81.0%
Operating Income
7,301
Operating Margin
26.6%
Net Income
5,825
Net Margin
21.3%
EPS (Basic)
$3.69
EPS (Diluted)
$3.69
EBITDA
7,861
EBITDA Margin
28.7%
2021
12/31/2021
Revenue
23,714
Cost of Revenue
-180
Gross Profit
23,894
Gross Margin
100.8%
Operating Income
10,166
Operating Margin
42.9%
Net Income
7,963
Net Margin
33.6%
EPS (Basic)
$5.11
EPS (Diluted)
$5.10
EBITDA
10,663
EBITDA Margin
45.0%
2020
12/31/2020
Revenue
25,241
Cost of Revenue
5,821
Gross Profit
19,420
Gross Margin
76.9%
Operating Income
6,051
Operating Margin
24.0%
Net Income
4,959
Net Margin
19.6%
EPS (Basic)
$3.06
EPS (Diluted)
$3.06
EBITDA
6,578
EBITDA Margin
26.1%