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USB

U.S. Bancorp

US$56.76-1.74% (-US$1.00)
Day's range
US$56.04 – US$57.67
Day's volume
US$137.5m
52-week range
US$43.60 – US$64.81

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See how USB weighs in your net worth, what it has paid you and how far it is from your target allocation.

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USB in numbers

Market cap
US$87.5bn
P/E
10.83
P/B
1.31
Dividend yield (12m)
3.70%

The 12-month dividend yield of USB is 3.70%, below its 5-year average of 3.93%.

USB price history

01/10/202501/10/2026
Compare with

USB risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+25.35%+100.82%+16.28%
Volatility (annualised)20.55%24.38%29.18%
Largest drawdown-9.74%-22.59%-47.29%
Positive months6/1218/3627/60

How much did investing in USB return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,171.28 today.

Value today in USB
US$1,171.28
Return over the period
+17.13%
Return per year
+3.21%
In the S&P 500
US$1,658.92

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

USB fundamentals

Valuation

  • P/E
    10.83
  • P/B
    1.31
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    4.20
  • P/EBIT
    —
  • P/S
    2.95
  • P/OCF
    6.99
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    US$5.24
  • Book value per share
    US$43.28

Debt

  • Net debt
    US$37.3bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.55
  • Debt/Equity
    0.55
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    27.51%
  • Asset turnover
    0.04

Profitability

  • ROE
    12.11%
  • ROA
    1.13%
  • ROIC
    —
  • Payout
    40.06%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    2.10%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is USB's fair price?

Two classic value formulas, with today's numbers. The current price is US$56.76.

Graham's fair price
US$71.45
25.89% above the price

√(22.50 × US$5.24 × US$43.28)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$31.63
44.26% below the price

US$1.90 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

USB indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E10.9511.8412.4211.4610.4714.1113.0610.31
P/B1.271.271.221.321.521.321.741.43
Dividend yield3.79%4.12%4.44%4.27%3.06%3.61%2.58%2.78%
Earnings per shareUS$4.87US$4.04US$3.48US$3.80US$5.37US$3.30US$4.54US$4.43
Book value per shareUS$41.96US$37.55US$35.50US$33.16US$37.01US$35.35US$34.06US$31.88
ROE11.61%10.75%9.82%11.47%14.50%9.34%13.33%13.91%
Net margin26.42%22.94%19.29%23.97%———31.35%

USB financial statements

Line202520242023202220212020
Net revenueUS$28.7bnUS$27.5bnUS$28.1bnUS$24.3bn——
Cost of sales——————
Gross profit——————
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxUS$9.5bnUS$7.9bnUS$6.9bnUS$7.3bnUS$10.2bnUS$6.1bn
Income tax-US$1.9bn-US$1.6bn-US$1.4bn-US$1.5bn-US$2.2bn-US$1.1bn
Net incomeUS$7.6bnUS$6.3bnUS$5.4bnUS$5.8bnUS$8bnUS$5bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does USB pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend29/09/202615/10/2026US$0.54

Dividend yield per year

  • 2.13%2017
  • 2.78%2018
  • 2.58%2019
  • 3.61%2020
  • 3.06%2021
  • 4.27%2022
  • 4.44%2023
  • 4.12%2024
  • 3.79%2025
  • 2.78%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend29/06/202615/07/2026US$0.52
Dividend30/03/202615/04/2026US$0.52
Dividend30/12/202515/01/2026US$0.52
Dividend29/09/202515/10/2025US$0.52
Dividend27/06/202515/07/2025US$0.50
Dividend28/03/202515/04/2025US$0.50
Dividend30/12/202415/01/2025US$0.50
Dividend27/09/202415/10/2024US$0.50
Dividend27/06/202415/07/2024US$0.49
Dividend26/03/202415/04/2024US$0.49
Dividend27/12/202316/01/2024US$0.49
Dividend27/09/202316/10/2023US$0.48
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend28/06/202317/07/2023US$0.48
Dividend29/03/202317/04/2023US$0.48
Dividend28/12/202217/01/2023US$0.48
Dividend28/09/202217/10/2022US$0.48
Dividend28/06/202215/07/2022US$0.46
Dividend29/03/202215/04/2022US$0.46
Dividend29/12/202118/01/2022US$0.46
Dividend28/09/202115/10/2021US$0.46
Dividend28/06/202115/07/2021US$0.42
Dividend29/03/202115/04/2021US$0.42
Dividend29/12/202015/01/2021US$0.42
Dividend28/09/202015/10/2020US$0.42
Dividend26/06/202015/07/2020US$0.42
Dividend27/03/202015/04/2020US$0.42
Dividend27/12/201915/01/2020US$0.42
Dividend26/09/201915/10/2019US$0.42
Dividend26/06/201915/07/2019US$0.37
Dividend27/03/201915/04/2019US$0.37
Dividend27/12/201815/01/2019US$0.37
Dividend26/09/201815/10/2018US$0.37
Dividend27/06/201816/07/2018US$0.30
Dividend27/03/201816/04/2018US$0.30
Dividend27/12/201716/01/2018US$0.30
Dividend27/09/201716/10/2017US$0.30
Dividend27/06/201717/07/2017US$0.28
Dividend28/03/201717/04/2017US$0.28
Dividend27/12/201617/01/2017US$0.28

About U.s. Bancorp

Sector
Finance, insurance and real estate

Questions about USB

How much is USB today?

USB is at US$56.76 (-1.74% on the day), last traded on 01/10/2026.

How much did USB pay in dividends in 2025?

USB paid US$2.02 per share in 2025, a dividend yield of 3.79%.

When is the next USB dividend?

The next announced payment is US$0.54 per share on 15/10/2026.

What are the P/E and P/B of USB?

USB trades at a P/E of 10.83 and a P/B of 1.31.

How much did USB return in 12 months?

USB returned 25.35% in 12 months, with annualised volatility of 20.55% and a largest drawdown of -9.74%.