USB U S Bancorp margins

Relative Growth: Rel. Growth: 71

Relative Strength: Rel. Strength: 59

Relative Valuation: Rel. Valuation: 78

Relative Profitability: Rel. Profitability: 83

Gross margin

100%

Operating margin

37.3%

EBITDA margin

40.4%

Net margin

29.9%

For the latest period, U S Bancorp has a gross margin of 100%, an operating margin of 37.3%, an EBITDA margin of 40.4%, and a net margin of 29.9%. The biggest improvement was in operating margin, up 3.5 percentage points; the remaining margins held steady.

USB margin history

Gross, operating, EBITDA and net margin trends

U S Bancorp's margins averaged 100% gross, 31.48% operating, 34.98% EBITDA, and 25.05% net over the last 3 years. Compared with the three-year averages, operating, EBITDA, and net margins are above their three-year averages.

USB margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 3.5 percentage points, EBITDA margin by 3.2 percentage points, and net margin by 2.9 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

3.5pp

EBITDA margin expansion

3.2pp

Net margin expansion

2.9pp

USB Gross margin

U S Bancorp's gross margin averaged 100% over the last 3 years. Compared with its three-year average, U S Bancorp's current gross margin is 100% and is in line with its three-year average. Over the last 3 years, U S Bancorp's gross margin peaked at 100% in Jun 2026 and reached a low of 100% in Sep 2023.

USB Operating margin

U S Bancorp recorded an average operating margin of 31.48% across the last 3 years. Compared with its three-year average, U S Bancorp's current operating margin is 37.3% and is 5.8 percentage points above its three-year average. The highest operating margin for U S Bancorp was 37.3% in Jun 2026, while the lowest was 25.4% in Mar 2024.

USB EBITDA margin

Across the last 3 years, U S Bancorp's EBITDA margin stood at 34.98%. The current EBITDA margin stands at 40.4%, 5.4 percentage points above its three-year average. EBITDA margin was highest at 40.4% in Jun 2026 and lowest at 29.2% in Mar 2024.

USB Net margin

The average net margin for U S Bancorp was 25.05% across the past 3 years. Right now, U S Bancorp's current net margin is 29.9%, which is 4.9 percentage points above its three-year average. The net margin for U S Bancorp moved between 20.1% in Mar 2024 and 29.9% in Jun 2026.

USB margin group comparison

Margins compared with peer-group, industry and sector averages

U S Bancorp's gross margin of 100% is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 83.9%, U S Bancorp's gross margin is 19% higher.

USB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is U S Bancorp's gross margin?

For the period ending Jun 30, 2026, USB recorded a gross margin of 100%.

What is U S Bancorp's operating margin?

As of Jun 30, 2026, USB has an operating margin of 37.3%.

What is U S Bancorp's EBITDA margin?

The current EBITDA margin for USB is 40.4% as of Jun 30, 2026.

What is U S Bancorp's net margin?

The current net margin for USB is 29.9% as of Jun 30, 2026.

What are the average margins of USB?

Across the last 3 years, USB averaged 100.0% gross, 31.5% operating, 35.0% EBITDA, and 25.1% net.

What are the highest historical margins of USB?

Over this 5-year history, USB peaked at 100% gross in Jun 2026, 42.5% operating in Dec 2021, 44.5% EBITDA in Dec 2021, and 33.3% net in Dec 2021.

What are the lowest historical margins of USB?

Over this 5-year history, U S Bancorp's margins fell as low as 100% gross in Sep 2021, 25.4% operating in Mar 2024, 29.2% EBITDA in Mar 2024, and 20.1% net in Mar 2024.