USB Q2 2024 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.8B+5.3% YoY

Gross Profit

$6.3B58.1% margin

Operating Income

$2.1B19.0% margin

Net Income

$1.6B14.8% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$2.9B

Free Cash Flow

$2.9B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$680.1B

Total Liabilities

$623.2B

Stockholders' Equity

$56.4B

Cash & Equivalents

$65.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.8B	$10.3B	+5.3%
Gross Profit	$6.3B	$6.3B	-0.8%
Operating Income	$2.1B	$1.8B	+17.4%
Net Income	$1.6B	$1.4B	+17.8%

Revenue Segments

Wealth Management And Investment Services

$3.0B40%

Consumer And Small Business Banking

$2.3B30%

Payment Services

$2.3B30%