U.S. Bancorp (U.S. Bancorp) Net Margin %

: 12.58% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. U.S. Bancorp's Net Income for the three months ended in Dec. 2023 was $847 Mil. U.S. Bancorp's Revenue for the three months ended in Dec. 2023 was $6,731 Mil. Therefore, U.S. Bancorp's net margin for the quarter that ended in Dec. 2023 was 12.58%.

The historical rank and industry rank for U.S. Bancorp's Net Margin % or its related term are showing as below:

USB' s Net Margin % Range Over the Past 10 Years
Min: 19.38 Med: 29 Max: 35.05
Current: 19.38

USB's Net Margin % is ranked worse than
68.6% of 1462 companies
in the Banks industry
Industry Median: 25.54 vs USB: 19.38

U.S. Bancorp Net Margin % Historical Data

The historical data trend for U.S. Bancorp's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

U.S. Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

30.21

21.35

35.05

24.09

19.38

U.S. Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																14.60	23.78	19.06	21.76	12.58

Competitive Comparison

For the Banks - Regional subindustry, U.S. Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

U.S. Bancorp Net Margin % Distribution

For the Banks industry and Financial Services sector, U.S. Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where U.S. Bancorp's Net Margin % falls into.

U.S. Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

U.S. Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	5429	/	28013
	=	19.38 %

U.S. Bancorp's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	847	/	6731
	=	12.58 %

U.S. Bancorp (NYSE:USB) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

U.S. Bancorp Net Margin % Related Terms

Thank you for viewing the detailed overview of U.S. Bancorp's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

U.S. Bancorp (U.S. Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (NYSE:USB) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

USBpS.PFD:USA USBpQ.PFD:USA USBpP.PFD:USA USBpH.PFD:USA USBpA.PFD:USA USB:Mexico 1USB:Italy UB5:Germany UB5:Germany UB5:Germany USB:Chile USBC34:Brazil USB:Argentina

Address

800 Nicollet Mall, Minneapolis, MN, USA, 55402

Website

https://www.usbank.com

As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.

Executives

Timothy A Welsh	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Terrance R Dolan	officer: EVP, Controller	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Shailesh M Kotwal	officer: Vice Chairman	8501 N. SCOTTSDALE ROAD, SUITE 300, SCOTTSDALE AZ 85253
Venkatachari Dilip	officer: SEVP & Chief Info & Tech Off	800 NICOLLET MALL, MINNEAPOLIS MN 55402
John C Stern	officer: SEVP and CFO	800 NICOLLET MALL, MINNEAPOLIS MN 55402
James B Kelligrew	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Richard P Mckenney	director	UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Scott W. Wine	director	2100 HIGHWAY 55, MEDINA MN 55340
Alan B. Colberg	director	ASSURANT, INC., ONE CHASE MANHATTAN PLAZA, 41 FL., NEW YORK NY 10005
Souheil Badran	officer: SEVP, Chief Operations Officer	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Andrew Cecere	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Von Gillern Jeffry H.	officer: Vice Chairman	U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Lisa R Stark	officer: EVP and Controller	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Loretta E Reynolds	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Katherine B Quinn	officer: EVP, Strategy & Corp. Affairs	US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402