US · USD

USB

U.S. Bancorp

$56.76-1.74% (-$1.00)Updated 10/1/26, 1:21 PM

Day's range: $56.04 – $57.67
Day's volume: $137.5M
52-week range: $43.60 – $64.81

Follow USB in the Fuolio

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

Create a free account

USB in numbers

Market cap: $87.5B

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

10/01/202510/01/2026

Compare with

USB risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+25.35%	+100.82%	+16.28%
Volatility (annualized)	20.55%	24.38%	29.18%
Largest drawdown	-9.74%	-22.59%	-47.29%
Positive months	6/12	18/36	27/60

How much did investing in USB return?

Amount invested

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

Value today in USB: $1,171.28

Return over the period: +17.13%

Return per year: +3.21%

In the S&P 500: $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
$5.24
Book value per share
$43.28

Debt

Net debt
$37.3B
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 $56.76.

Graham's fair price: $71.45; 25.89% above the price

√(22.50 × $5.24 × $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: $31.63; 44.26% below the price

$1.90 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

USB's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	10.95	11.84	12.42	11.46	10.47	14.11	13.06	10.31
P/B	1.27	1.27	1.22	1.32	1.52	1.32	1.74	1.43
Dividend yield	3.79%	4.12%	4.44%	4.27%	3.06%	3.61%	2.58%	2.78%
Earnings per share	$4.87	$4.04	$3.48	$3.80	$5.37	$3.30	$4.54	$4.43
Book value per share	$41.96	$37.55	$35.50	$33.16	$37.01	$35.35	$34.06	$31.88
ROE	11.61%	10.75%	9.82%	11.47%	14.50%	9.34%	13.33%	13.91%
Net margin	26.42%	22.94%	19.29%	23.97%	—	—	—	31.35%

USB's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$28.7B	$27.5B	$28.1B	$24.3B	—	—
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$9.5B	$7.9B	$6.9B	$7.3B	$10.2B	$6.1B
Income tax	-$1.9B	-$1.6B	-$1.4B	-$1.5B	-$2.2B	-$1.1B
Net income	$7.6B	$6.3B	$5.4B	$5.8B	$8B	$5B

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

Does USB pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/15/2026	$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
Type	Last day to own	Payment	Per share
Dividend	06/29/2026	07/15/2026	$0.52
Dividend	03/30/2026	04/15/2026	$0.52
Dividend	12/30/2025	01/15/2026	$0.52
Dividend	09/29/2025	10/15/2025	$0.52
Dividend	06/27/2025	07/15/2025	$0.50
Dividend	03/28/2025	04/15/2025	$0.50
Dividend	12/30/2024	01/15/2025	$0.50
Dividend	09/27/2024	10/15/2024	$0.50
Dividend	06/27/2024	07/15/2024	$0.49
Dividend	03/26/2024	04/15/2024	$0.49
Dividend	12/27/2023	01/16/2024	$0.49
Dividend	09/27/2023	10/16/2023	$0.48

See all 39 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/28/2023	07/17/2023	$0.48
Dividend	03/29/2023	04/17/2023	$0.48
Dividend	12/28/2022	01/17/2023	$0.48
Dividend	09/28/2022	10/17/2022	$0.48
Dividend	06/28/2022	07/15/2022	$0.46
Dividend	03/29/2022	04/15/2022	$0.46
Dividend	12/29/2021	01/18/2022	$0.46
Dividend	09/28/2021	10/15/2021	$0.46
Dividend	06/28/2021	07/15/2021	$0.42
Dividend	03/29/2021	04/15/2021	$0.42
Dividend	12/29/2020	01/15/2021	$0.42
Dividend	09/28/2020	10/15/2020	$0.42
Dividend	06/26/2020	07/15/2020	$0.42
Dividend	03/27/2020	04/15/2020	$0.42
Dividend	12/27/2019	01/15/2020	$0.42
Dividend	09/26/2019	10/15/2019	$0.42
Dividend	06/26/2019	07/15/2019	$0.37
Dividend	03/27/2019	04/15/2019	$0.37
Dividend	12/27/2018	01/15/2019	$0.37
Dividend	09/26/2018	10/15/2018	$0.37
Dividend	06/27/2018	07/16/2018	$0.30
Dividend	03/27/2018	04/16/2018	$0.30
Dividend	12/27/2017	01/16/2018	$0.30
Dividend	09/27/2017	10/16/2017	$0.30
Dividend	06/27/2017	07/17/2017	$0.28
Dividend	03/28/2017	04/17/2017	$0.28
Dividend	12/27/2016	01/17/2017	$0.28

About U.s. Bancorp

Sector: Finance, insurance and real estate

Questions about USB

How much is USB today?

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

How much did USB pay in dividends in 2025?

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

When is the next USB dividend?

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

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 annualized volatility of 20.55% and a largest drawdown of -9.74%.