U.S. Bancorp's trailing twelve-month revenue stood at $29.69 billion as of 30 June 2026, reflecting year-over-year growth of approximately 10.1% [Brief - 2026-09-11]. A prior report dated 11 September 2026 noted that an SEC filing dated 7 August 2026 initially triggered disclosure of these figures, with no additional material briefing disclosures noted beyond that filing event [Brief - 2026-09-11].
As of 30 June 2026, U.S. Bancorp reported trailing twelve-month net income of $8.17 billion, producing a net margin of approximately 27.5%. Earnings per share grew 21.6% year-over-year. The company carried $66.49 billion in cash against $80.41 billion in total debt. Market capitalisation stood at approximately $96.1 billion, with a price-to-earnings ratio of 11.99 at the time of reporting [SEC 10-Q - USB - 2026-06-30].
Insider activity recorded two transactions in September 2026, with a net direction of selling and a combined net value of approximately -$1.70 million [SEC Form 4 - USB - 2026-09]. On the institutional side, four notable firms opened new positions in USB during the most recent 13F reporting period: Citadel (Ken Griffin), AQR Capital (Cliff Asness), Millennium (Izzy Englander), and Bridgewater (Ray Dalio) [SEC 13F - Citadel - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026]. These four simultaneous new position initiations across prominent institutional managers represent the primary trigger for this report.
The prevailing macroeconomic rate environment shows the 10-year U.S. Treasury yield at 4.94% and the 2-year yield at 4.67%, producing a normal yield curve spread of approximately 27 basis points [FRED DGS10] [FRED DGS2]. For a bank of USB's profile, the shape and absolute level of the yield curve directly influences net interest margin dynamics, which are a core component of revenue generation in commercial banking.