Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
USB delivered strong Q1 FY2026 results with revenue rising 4.7% YoY to $7.29B and net income surging 13.8% to $1.95B, reflecting improved profitability and a significant turnaround in operating cash flow.
Revenue
$7.29B
+4.74% YoY
EPS (Diluted)
$1.18
+14.56% YoY
Source: SEC XBRL
Us Bancorp De (USB) reported Q1 FY2026 revenue of $7.29B, up 4.7% year over year. Operating cash flow was $1.34B. USB's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.35 | 1.29 | Beat +4.7% |
| Mar 2026This filing | 1.18 | 1.16 | Beat +2.1% |
| Dec 2025 | 1.26 | 1.20 | Beat +4.9% |
| Sep 2025 | 1.22 | 1.14 | Beat +7.4% |
Reported EPS of $1.18 versus the $1.16 analyst consensus — a +2.1% beat for Mar 2026.
Compiled by AI from this SEC filing
USB grew total revenue by 4.7% year-over-year to $7.29B in Q1 FY2026, up from $6.96B in the prior-year period, indicating continued business expansion and stronger interest or fee income generation.
Source: 10-Q Income Statement Data
Net income increased 13.8% YoY to $1.95B, outpacing revenue growth and suggesting meaningful operating leverage or improved credit quality. Basic and diluted EPS both rose 14.6% to $1.18 from $1.03.
Source: 10-Q Income Statement Data
Operating cash flow swung dramatically from -$308M in Q1 FY2025 to +$1.34B in Q1 FY2026, a 535.1% improvement, signaling stronger core earnings conversion and working capital management.
Source: 10-Q Cash Flow Statement Data
Total assets grew 3.6% YoY to $701.0B, while stockholders' equity expanded 9.5% to $65.8B, reflecting retained earnings accumulation and a strengthening capital base relative to liabilities.
Source: 10-Q Balance Sheet Data
USB increased share buybacks by 72.5% YoY to $276M, while financing cash flow turned strongly positive at $5.67B versus -$3.90B in the prior year, suggesting active balance sheet management including deposit or debt funding activity.
Source: 10-Q Cash Flow Statement Data
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
USB carries a debt-to-equity ratio of approximately 9.65x, which is characteristic of large bank holding companies but leaves the firm sensitive to credit market disruptions or rising funding costs. Any deterioration in asset quality or tightening of credit conditions could disproportionately impact equity holders.
Source: 10-Q Balance Sheet Data
Investing cash flow was -$5.35B in Q1 FY2026, more than double the -$2.55B in Q1 FY2025, indicating significant capital deployment into loans, securities, or other assets. Sustained elevated investment spending could pressure liquidity if not matched by corresponding funding inflows.
Source: 10-Q Cash Flow Statement Data
USB's ROA stands at approximately 0.28%, which, while typical for large diversified banks, leaves limited margin for error if net interest margins compress or credit losses rise. A modest increase in loan loss provisions could materially reduce profitability.
Source: 10-Q Key Ratios Data
As a large bank, USB's revenue is heavily influenced by the interest rate environment. Shifts in Federal Reserve policy or a flattening yield curve could compress net interest income, which is likely a primary revenue driver. The 4.7% revenue growth may be difficult to sustain if rates move unfavorably.
Source: 10-Q Income Statement Data
While buybacks increased 72.5% YoY to $276M, the bank must balance capital return to shareholders with regulatory capital requirements. Regulatory changes or stress test outcomes could constrain future buyback capacity.
Source: 10-Q Cash Flow Statement Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 7.29 $B | 6.96 $B | +4.74% |
Net Income $B | 1.95 $B | 1.71 $B | +13.81% |
EPS (Basic) $ | 1.18 $ | 1.03 $ | +14.56% |
EPS (Diluted) $ | 1.18 $ | 1.03 $ | +14.56% |
Answers draw on this SEC filing and the data on this page
U.S. Bancorp's Q2 FY2026 earnings rose on strong institutional banking and improved cash flow, though the consumer segment stagnated and margins compressed.
U.S. Bancorp (USB) delivered a strong FY2025, with net income surging 20.2% to $7.57B and EPS rising 21.9% to $4.62, driven by 4.4% revenue growth to $28.66B, though operating cash flow declined sharply by 29.8%.
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