U.S. Bancorp's CEO Salary

U.S. Bancorp's CEO salary and other executives compensation in 2025 was as follows:

Andrew Cecere Executive Chairman and former Chief Executive Officer at U.S. Bancorp, received a total compensation of $19.05 M in 2025.
Gunjan Kedia Chief Executive Officer and President at U.S. Bancorp, received a total compensation of $16.67 M in 2025.
Jodi L. Richard Vice Chair and Chief Risk Officer at U.S. Bancorp, received a total compensation of $10.00 M in 2025.
Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp, received a total compensation of $6.09 M in 2025.
Terrance R. Dolan Former Vice Chair and Chief Administration Officer at U.S. Bancorp, received a total compensation of $5.97 M in 2025.
John C. Stern Vice Chair and Chief Financial Officer at U.S. Bancorp, received a total compensation of $5.77 M in 2025.
Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer at U.S. Bancorp, received a total compensation of $5.04 M in 2025.

CEO/ Executive salary tells one part of the story. Explore Employee Count Trend, Revenue per Employee, and Profit per Employee to understand workforce scale, and employee productivity.

Andrew Cecere Executive Chairman and former Chief Executive Officer

Per Year
Per Month
Per Week
Per Day

Andrew Cecere Executive Chairman and former Chief Executive Officer, at U.S. Bancorp, received $1.40 M in base salary, $11.00 M in stock award, and $61.88 K in other compensation, making $19.05 M in total compensation in 2025.

The total compensation was -1.47% down from the previous year, 2024.

Gunjan Kedia Chief Executive Officer and President

Per Year
Per Month
Per Week
Per Day

Gunjan Kedia Chief Executive Officer and President, at U.S. Bancorp, received $1.14 M in base salary, $11.50 M in stock award, and $347.38 K in other compensation, making $16.67 M in total compensation in 2025.

The total compensation was +64.48% up from the previous year, 2024.

Jodi L. Richard Vice Chair and Chief Risk Officer

Per Year
Per Month
Per Week
Per Day

Jodi L. Richard Vice Chair and Chief Risk Officer, at U.S. Bancorp, received $800.00 K in base salary, $7.00 M in stock award, and $48.16 K in other compensation, making $10.00 M in total compensation in 2025.

Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking

Per Year
Per Month
Per Week
Per Day

Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking, at U.S. Bancorp, received $725.00 K in base salary, $3.30 M in stock award, and $41.07 K in other compensation, making $6.09 M in total compensation in 2025.

Terrance R. Dolan Former Vice Chair and Chief Administration Officer

Per Year
Per Month
Per Week
Per Day

Terrance R. Dolan Former Vice Chair and Chief Administration Officer, at U.S. Bancorp, received $196.72 K in base salary, $5.20 M in stock award, and $77.51 K in other compensation, making $5.97 M in total compensation in 2025.

The total compensation was -30.56% down from the previous year, 2024.

John C. Stern Vice Chair and Chief Financial Officer

Per Year
Per Month
Per Week
Per Day

John C. Stern Vice Chair and Chief Financial Officer, at U.S. Bancorp, received $750.00 K in base salary, $3.00 M in stock award, and $40.75 K in other compensation, making $5.77 M in total compensation in 2025.

The total compensation was +17.26% up from the previous year, 2024.

Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer

Per Year
Per Month
Per Week
Per Day

Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer, at U.S. Bancorp, received $675.00 K in base salary, $2.90 M in stock award, and $59.16 K in other compensation, making $5.04 M in total compensation in 2025.

Executive	2025	2024	2023
Andrew Cecere Executive Chairman and former Chief Executive Officer	$19.05 M	••••••••	••••••••
Base Salary	$1.40 M	••••••••	••••••••
Incentive Plan Compensation	$1.51 M	••••••••	••••••••
All Other Compensation	$61.88 K	••••••••	••••••••
Stock Award	$11.00 M	••••••••	••••••••
Gunjan Kedia Chief Executive Officer and President	$16.67 M	••••••••	••••••••
Base Salary	$1.14 M	••••••••	••••••••
Incentive Plan Compensation	$3.23 M	••••••••	••••••••
All Other Compensation	$347.38 K	••••••••	••••••••
Stock Award	$11.50 M	••••••••	••••••••
Jodi L. Richard Vice Chair and Chief Risk Officer	$10.00 M	••••••••	••••••••
Base Salary	$800.00 K	••••••••	••••••••
Incentive Plan Compensation	$1.90 M	••••••••	••••••••
All Other Compensation	$48.16 K	••••••••	••••••••
Stock Award	$7.00 M	••••••••	••••••••
Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking	$6.09 M	••••••••	••••••••
Base Salary	$725.00 K	••••••••	••••••••
Incentive Plan Compensation	$1.71 M	••••••••	••••••••
All Other Compensation	$41.07 K	••••••••	••••••••
Stock Award	$3.30 M	••••••••	••••••••
Terrance R. Dolan Former Vice Chair and Chief Administration Officer	$5.97 M	••••••••	••••••••
Base Salary	$196.72 K	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	$77.51 K	••••••••	••••••••
Stock Award	$5.20 M	••••••••	••••••••
John C. Stern Vice Chair and Chief Financial Officer	$5.77 M	••••••••	••••••••
Base Salary	$750.00 K	••••••••	••••••••
Incentive Plan Compensation	$1.78 M	••••••••	••••••••
All Other Compensation	$40.75 K	••••••••	••••••••
Stock Award	$3.00 M	••••••••	••••••••
Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer	$5.04 M	••••••••	••••••••
Base Salary	$675.00 K	••••••••	••••••••
Incentive Plan Compensation	$1.28 M	••••••••	••••••••
All Other Compensation	$59.16 K	••••••••	••••••••
Stock Award	$2.90 M	••••••••	••••••••
Andrew Cecere Chairman and Chief Executive Officer	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Gunjan Kedia President	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Terrance R. Dolan Vice Chair and Chief Administration Officer	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Timothy A. Welsh Former Vice Chair, Consumer and Business Banking	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Shailesh M. Kotwal Vice Chair, Payment Services	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
John C. Stern Senior Executive Vice President and Chief Financial Officer	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Andrew Cecere Chairman, President and Chief Executive Officer	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Jeffry H. von Gillern Former Vice Chair, Technology and Operations Services	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Gunjan Kedia Vice Chair, Wealth, Corporate, Commercial and Institutional Banking	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Timothy A. Welsh Vice Chair, Consumer and Business Banking	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••

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U.S. Bancorp's CEO Salary

Andrew Cecere Executive Chairman and former Chief Executive Officer

Gunjan Kedia Chief Executive Officer and President

Jodi L. Richard Vice Chair and Chief Risk Officer

Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking

Terrance R. Dolan Former Vice Chair and Chief Administration Officer

John C. Stern Vice Chair and Chief Financial Officer

Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer

Executive Compensation Summary Table

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