U.S. Bancorp (USB) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+11.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $6.4B | n/a |
| Mar 31, 2023 | $7.2B | n/a |
| Jun 30, 2023 | $7.2B | n/a |
| Sep 30, 2023 | $7B | +11.2% |
Revenue performance
Revenue decreased from the prior quarter, reflecting a sequential contraction.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue contrasts with the year-over-year growth, warranting attention to underlying trends.