U.S. Bancorp (USB) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter declined compared to the immediately preceding quarter but 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
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$28.1B
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 |
|---|---|---|
| Mar 31, 2023 | $7.2B | n/a |
| Jun 30, 2023 | $7.2B | n/a |
| Sep 30, 2023 | $7B | +11.2% |
| Dec 31, 2023 | $6.8B | +6.2% |
Revenue performance
The quarter's revenue was lower than the prior quarter, reflecting a sequential contraction, while still showing an improvement over the year-ago period.
Quarterly comparison
Compared with the preceding quarter, revenue decreased, and compared with the same quarter a year earlier, revenue increased.
What to watch
Observe whether the sequential revenue decline persists or reverses in the upcoming quarter.