U.S. Bancorp reported total net revenue of approximately $27.5 billion for fiscal year 2024, up from $25.4 billion the prior year. Growth was driven by higher net interest income from rising rates and the full-year contribution of the MUFG Union Bank acquisition completed in late 2022.
US Bancorp Revenue
US Bancorp Annual Revenue
| Year | Net Revenue (USD) | YoY Change |
|---|---|---|
| 2015 | $20.0B | — |
| 2016 | $21.1B | +5.5% |
| 2017 | $22.1B | +4.7% |
| 2018 | $23.2B | +5.0% |
| 2019 | $23.1B | −0.4% |
| 2020 | $22.6B | −2.2% |
| 2021 | $23.2B | +2.7% |
| 2022 | $23.8B | +2.6% |
| 2023 | $25.4B | +6.7% |
| 2024 | $27.5B | +8.3% |