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Did U.S. Bancorp Beat Earnings?
U.S. Bancorp (USB) reported Q2 '26 revenue of $10.9B, up 3.8% year-over-year, with reported EPS of $1.35. That topped the $1.28 analyst estimate by 5.5% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — U.S. Bancorp’s job postings, web traffic, and employee business outlook. See the full USB stock analysis or the earnings calendar for upcoming reports.
USB Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $1.28 | $1.35 | Beat +5.5% |
| Q1 '26 | $1.14 | $1.18 | Beat +3.5% |
| Q4 '25 | $1.19 | $1.26 | Beat +5.9% |
| Q3 '25 | $1.12 | $1.22 | Beat +8.9% |
| Q2 '25 | $1.07 | $1.11 | Beat +3.7% |
| Q1 '25 | $0.97 | $1.03 | Beat +6.2% |
U.S. Bancorp Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.8B | 10.7B | 10.4B | 10.5B | 11B | 11B | 10.8B | 10.9B |
| Gross margin | 58.2% | 60.2% | 61.7% | 61.5% | 61.1% | 66.8% | 61.7% | 65.4% |
| Operating margin | 19.2% | 19.8% | 20.9% | 21.8% | 23.0% | 23.1% | 24.8% | 24.9% |
| Net income | 1.71B | 1.66B | 1.71B | 1.82B | 2B | 2.05B | 1.95B | 2.18B |
| Net margin | 15.9% | 15.6% | 16.5% | 17.2% | 18.2% | 18.7% | 18.0% | 19.9% |
| EPS | $1.03 | $1.07 | $1.03 | $1.11 | $1.22 | $1.26 | $1.18 | $1.35 |
U.S. Bancorp Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, U.S. Bancorp’s quarterly revenue moved from $10.8B to $10.9B. Net margin expanded from 15.9% to 19.9%, against a 65.4% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. U.S. Bancorp has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is U.S. Bancorp’s Next Earnings Date?
U.S. Bancorp reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the USB earnings calendar.
Frequently Asked Questions: U.S. Bancorp Earnings
U.S. Bancorp's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
U.S. Bancorp reported Q2 '26 EPS of $1.35 on revenue of $10.9B (+3.8% YoY). U.S. Bancorp beat estimates, reporting $1.35 vs. the $1.28 estimate.
U.S. Bancorp reported Q2 '26 revenue of $10.9B, up 3.8% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the USB AI Score.
