U.S Bancorp Gross Margin 2010-2024 | USB
- U.S Bancorp average gross margin for 2023 was 75.28%, a 19.2% decline from 2022.
- U.S Bancorp average gross margin for 2022 was 93.17%, a 2.11% decline from 2021.
- U.S Bancorp average gross margin for 2021 was 95.18%, a 8.01% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.