U.S. Bancorp (USB) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared to the prior quarter, but declined relative to the same quarter last year. The sequential stability contrasts with a year-over-year decrease.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was essentially flat compared to the prior quarter, but declined relative to the same quarter last year. The sequential stability contrasts with a year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.0%
Change from the immediately preceding quarter.
Year-over-year
-2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.2B
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, 2023 | $6.8B | +6.2% |
| Mar 31, 2024 | $6.7B | -6.4% |
| Jun 30, 2024 | $6.9B | -4.3% |
| Sep 30, 2024 | $6.9B | -2.4% |
Revenue performance
Revenue remained unchanged from the immediately preceding quarter, indicating a pause in the prior trend.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower, continuing a pattern of year-over-year declines.
What to watch
Revenue has been relatively stable in recent quarters but remains below the year-ago level.