USB Q3 2024 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.8B+2.5% YoY

Gross Profit

$6.3B58.2% margin

Operating Income

$2.1B19.2% margin

Net Income

$1.7B15.9% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

$972M

Free Cash Flow

$972M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$686.5B

Total Liabilities

$627.1B

Stockholders' Equity

$58.9B

Cash & Equivalents

$73.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.8B	$10.5B	+2.5%
Gross Profit	$6.3B	$6.5B	-3.2%
Operating Income	$2.1B	$2.0B	+6.0%
Net Income	$1.7B	$1.5B	+12.5%

Revenue Segments

Wealth Management And Investment Services

$3.0B40%

Consumer And Small Business Banking

$2.3B30%

Payment Services

$2.3B30%