Reading the tape
NYSE: USB
U.S. Bancorp
Financial Services · Banks - Regional
Market Cap
$86.20B
52w High
$61.19
52w Low
$42.21
P/E
11.05
Volume
10.17M
Outstanding Shares
1.55B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 31.78%Revenue (TTM): 1.75%FCF (TTM): 15.23%P/FCF: 48th pct
What changed
The stock rose 31.78% over the last year. Revenue grew 1.75% over the trailing twelve months. Operating margin moved from 19.71% to 23.18%. Free cash flow grew 15.23% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 48th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 23.18%. Revenue grew 1.75% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
U.S.
CEOGunjan Kedia
SectorFinancial Services
IndustryBanks - Regional
Employees70,000
IPO dateMay 3, 1973
Valuation
Forward P/E—
EV/EBITDA11.08
Enterprise value$114.01B
Price / Book1.32
Stock splits
Feb 27, 2001↑ Forward
Every 200 shares became 253
Apr 16, 1999↑ Forward
Every 1 shares became 3
May 19, 1998↑ Forward
Every 1 shares became 3
Jan 16, 1997↑ Forward
Every 1 shares became 3
Apr 17, 1989↑ Forward
Every 1 shares became 2
Apr 16, 1985↑ Forward
Every 1 shares became 2
Jun 25, 1984↑ Forward
Every 10 shares became 11
Feb 22, 1979↑ Forward
Every 4 shares became 5
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Income growth4.58%
Gross marginN/A
Operating margin35.34%▲12.14%vs FY2024
ROE11.62%▲8.07%vs FY2024
Analyst consensus
RatingHold
Target price$63.82▲14.93%
23
Buy
23
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 16, 2026
Q3 FY26 · EPS est $1.24 · Revenue est $7.53B
View
Dividends
$2.06/shareQuarterlyDividend Achiever · 16yrUSB pays a dividend with a 3.71% dividend yield, 16 consecutive years of growth.
Dividend Yield
3.71%
Annual Div / Share
$2.06
5yr CAGR
+4.16%
Payout Ratio
45.15%
Bank — specialized metrics apply
Dividend Growth Rate
3yr CAGR
+2.73%
5yr CAGR
+4.16%
10yr CAGR
+7.28%
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.06+3.5%
2024$1.99+2.6%
2023$1.94+2.1%
2022$1.90+5.6%
2021$1.80+7.1%
2020$1.68+3.1%
2019$1.63+15.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$37/yr
$3/mo
In 5 yrs
$37/yr
$3/mo
In 10 yrs
$37/yr
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$37/yr $3/mo | $37/yr $3/mo | $37/yr $3/mo |
5yr and 10yr income use the current dividend with no growth assumption because bank payout growth depends on earnings cycles, regulation, and capital policy.
Analysis
Dividend Strengths
Dividend Achiever
USB has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.