Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | $24,302 | $28,144 | $27,455 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $4,959 | $7,963 | $5,825 | $5,429 | $6,299 |
Over the past five years, US BANCORP’s performance reflects some notable shifts in its revenue recognition and net income margins. In 2020 and 2021, the reported revenue figures were nil, yet the company still generated a net income of 4,959 million USD in 2020, which jumped significantly to 7,963 million USD in 2021—a more than 60% increase. This anomaly may indicate reliance on non-operating income or specific accounting adjustments during those years, given that both gross profit and operating income metrics were recorded as zero. Starting in 2022, revenue figures were introduced, with the company reporting 24,302 million USD. This marks a pivotal transition in the business model or reporting standards, and it coincides with a decline in net income to 5,825 million USD, suggesting possible initial growing pains or investments impacting bottom-line figures. In subsequent years, revenue continued to grow, reaching a peak of 28,144 million USD in 2023—a roughly 16% increase from 2022—before slightly contracting to 27,455 million USD in 2024. Net income followed a marginal downtrend from 5,825 million USD in 2022 to 5,429 million USD in 2023, before rebounding to 6,299 million USD in 2024 (an approximate 16% increase year-over-year). Such swings, particularly the sharp increase in net income in 2021 and the volatility thereafter, may be reflective of shifting market conditions, regulatory impacts, or strategic operational changes as the company aligns its reporting with industry standards. Overall, while the evolving revenue recognition introduces some complexity in interpreting profitability, US BANCORP appears to maintain robust profitability metrics, suggesting a sustainable financial footing despite the transitional reporting landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.