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WFC logoWells Fargo & Company(WFC)Earnings, Financials & Key Ratios

WFC•NYSE•Banking & Credit
13.0× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryNorth American universal banks
AboutWells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.Show more
  • Net Interest Income$47.48B-0.4%
  • Total Revenue$123.53B-1.5%
  • Net Income$21.34B+8.2%
  • Return on Equity11.72%+9.5%
  • Net Interest Margin2.21%-10.5%
  • Efficiency Ratio44.4%+2.0%
  • ROA1.05%+2.5%
  • Equity / Assets8.52%-9.2%
  • Book Value per Share56.89+9.0%

WFC Key Insights

Wells Fargo & Company (WFC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 44.4% efficiency ratio
  • ✓Healthy dividend yield of 2.1%
  • ✓Share count reduced 7.2% through buybacks
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.3x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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WFC Price & Volume

Wells Fargo & Company (WFC) stock price & volume — 10-year historical chart

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WFC Growth Metrics

Wells Fargo & Company (WFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.47%
5 Years8.48%
3 Years13.97%
TTM-

Profit CAGR

10 Years-0.7%
5 Years44.59%
3 Years15.98%
TTM8.19%

EPS CAGR

10 Years4.37%
5 Years72.82%
3 Years26.26%
TTM17.47%

Return on Capital

10 Years5.41%
5 Years5.53%
3 Years5.26%
Last Year5.76%

WFC Recent Earnings

Wells Fargo & Company (WFC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 14, 2026
Metric
Actual
Est
EPS
$1.56-1.3%
$1.58
Rev
$21.4B-1.6%
$21.8B
Q1 2026
Jan 14, 2026
Metric
Actual
Est
EPS
$1.62-2.4%
$1.66
Rev
$21.3B-1.7%
$21.6B
Q4 2025
Oct 14, 2025
Metric
Actual
Est
EPS
$1.73+11.6%
$1.55
Rev
$21.4B+1.4%
$21.1B
Q3 2025
Jul 15, 2025
Metric
Actual
Est
EPS
$1.54+9.2%
$1.41
Rev
$20.8B+0.3%
$20.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 14, 2026
$1.56vs $1.58-1.3%
$21.4Bvs $21.8B-1.6%
Q1 2026Jan 14, 2026
$1.62vs $1.66-2.4%
$21.3Bvs $21.6B-1.7%
Q4 2025Oct 14, 2025
$1.73vs $1.55+11.6%
$21.4Bvs $21.1B+1.4%
Q3 2025Jul 15, 2025
$1.54vs $1.41+9.2%
$20.8Bvs $20.8B+0.3%
Based on last 12 quarters of dataView full earnings history →

WFC Peer Comparison

Wells Fargo & Company (WFC) competitors in North American universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
JPM logoJPMJPMorgan Chase & Co.Direct Competitor908.57B325.2216.223.31%20.35%15.95%2.60
BAC logoBACBank of America CorporationDirect Competitor424.14B56.2014.71-0.45%15.93%10.15%1.21
C logoCCitigroup Inc.Direct Competitor266.52B143.0920.47-1.41%8.48%6.67%3.35
USB logoUSBU.S. BancorpDirect Competitor90.47B58.1412.610.35%17.68%12.03%1.19
PNC logoPNCThe PNC Financial Services Group, Inc.Direct Competitor91.42B232.0413.99-6.98%20.41%11.87%0.94
GS logoGSThe Goldman Sachs Group, Inc.Product Competitor348.27B1096.5621.37-1.38%13.73%13.58%4.88
MS logoMSMorgan StanleyProduct Competitor355.51B223.1721.8811.48%14.66%15.3%4.22
TFC logoTFCTruist Financial CorporationProduct Competitor62.11B48.3312.6525.5%17.44%8.15%1.07

Compare WFC vs Peers

Wells Fargo & Company (WFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs JPM

Most directly comparable listed peer for WFC.

Scale Benchmark

vs V

Larger-name benchmark to compare WFC against a more recognizable public peer.

Peer Set

Compare Top 5

vs JPM, BAC, C, USB

WFC Income Statement

Wells Fargo & Company (WFC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income
49.56B49.99B47.3B39.96B35.78B44.95B52.38B47.68B47.48B
NII Growth %
3.78%0.88%-5.38%-15.53%-10.45%25.63%16.52%-8.97%-0.4%
Net Interest Margin %
2.54%2.64%2.45%2.05%1.84%2.39%2.71%2.47%2.21%
Interest Income
58.91B64.65B66.16B47.92B39.69B54.02B85.12B90.78B87.31B
Interest Expense
9.35B14.65B18.85B7.96B3.92B9.07B32.74B43.1B39.83B
Loan Loss Provision
2.53B1.74B2.69B14.13B-4.16B1.53B5.4B4.33B3.66B
Non-Interest Income
38.83B36.41B39.53B34.31B43.39B29.42B30.22B34.62B36.22B
Non-Interest Income %
39.73%36.03%37.4%41.72%52.22%35.26%26.2%27.61%29.32%
Total Revenue
97.74B▲ 0%
101.06B▲ 3.4%
105.68B▲ 4.6%
82.23B▼ 22.2%
83.08B▲ 1.0%
83.44B▲ 0.4%
115.34B▲ 38.2%
125.4B▲ 8.7%
123.53B▼ 1.5%
Revenue Growth %
3.79%3.4%4.58%-22.2%1.04%0.43%38.23%8.72%-1.49%
Non-Interest Expense
58.48B56.13B58.18B57.63B53.76B57.2B55.56B54.6B54.84B
Efficiency Ratio
59.84%55.54%55.05%70.09%64.71%68.56%48.17%43.54%44.4%
Operating Income
27.38B▲ 0%
28.54B▲ 4.2%
25.97B▼ 9.0%
2.5B▼ 90.4%
29.56B▲ 1080.2%
15.63B▼ 47.1%
21.64B▲ 38.4%
23.36B▲ 8.0%
25.2B▲ 7.9%
Operating Margin %
28.01%28.24%24.57%3.05%35.58%18.73%18.76%18.63%20.4%
Operating Income Growth %
-14.77%4.24%-9.01%-90.35%1080.16%-47.13%38.44%7.99%7.85%
Pretax Income
27.38B▲ 0%
28.54B▲ 4.2%
25.97B▼ 9.0%
2.5B▼ 90.4%
29.56B▲ 1080.2%
15.63B▼ 47.1%
21.64B▲ 38.4%
23.36B▲ 8.0%
25.2B▲ 7.9%
Pretax Margin %
28.01%28.24%24.57%3.05%35.58%18.73%18.76%18.63%20.4%
Income Tax
4.92B5.66B5.76B-1.16B5.76B2.25B2.61B3.4B3.84B
Effective Tax Rate %
17.96%19.84%22.19%-46.19%19.5%14.4%12.05%14.55%15.24%
Net Income
22.18B▲ 0%
22.39B▲ 0.9%
19.71B▼ 12.0%
3.38B▼ 82.9%
22.11B▲ 554.7%
13.68B▼ 38.1%
19.14B▲ 40.0%
19.72B▲ 3.0%
21.34B▲ 8.2%
Net Margin %
22.7%22.16%18.65%4.11%26.61%16.39%16.6%15.73%17.27%
Net Income Growth %
1.12%0.95%-11.96%-82.87%554.69%-38.14%39.96%3.03%8.19%
Net Income (Continuing)
22.46B22.88B20.21B3.66B23.8B13.38B19.03B19.96B21.36B
EPS (Diluted)
4.10▲ 0%
4.28▲ 4.4%
4.09▼ 4.4%
0.41▼ 90.0%
4.99▲ 1117.1%
3.14▼ 37.1%
4.83▲ 53.8%
5.37▲ 11.2%
6.32▲ 17.7%
EPS Growth %
2.76%4.39%-4.44%-89.98%1117.07%-37.07%53.82%11.18%17.69%
EPS (Basic)
4.144.314.120.424.993.174.885.436.39
Diluted Shares Outstanding
5.02B4.84B4.43B4.13B4.1B3.84B3.72B3.47B3.22B

WFC Balance Sheet

Wells Fargo & Company (WFC) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments
218.94B443.2B404.71B485B411.47B272.75B362.61B363.46B471.55B
Cash & Due from Banks
215.95B173.29B141.25B264.61B234.23B159.16B237.22B203.36B174.21B
Short Term Investments
2.99B269.91B263.46B220.39B177.24B113.59B125.39B160.1B297.34B
Total Investments
1.41T1.4T1.43T1.38T1.41T1.41T1.38T1.35T1.5T
Investments Growth %
-0.36%-0.43%1.97%-3.58%2.14%-0.13%-1.72%-2%10.86%
Long-Term Investments
1.41T1.13T1.17T1.16T1.23T1.29T1.26T1.19T1.2T
Accounts Receivables
44.81B40.37B32.24B40.95B22.78B27.12B34.47B23.03B22.98B
Goodwill & Intangibles
43.25B43.05B39.76B34.16B33.58B35.65B33.68B32.95B31.29B
Goodwill
26.59B26.42B26.39B26.39B25.18B25.17B25.18B25.17B24.97B
Intangible Assets
16.66B16.64B13.37B7.76B8.4B10.48B8.51B7.78B6.33B
PP&E (Net)
18.51B17.96B22.25B20.59B18.56B17.98B18.24B19.43B20.04B
Other Assets
201.81B199.55B240.14B196.37B214.58B217.86B207.79B277.61B398.96B
Total Current Assets
283.14B503.26B459.26B543.83B450.78B317.11B416.34B405.82B494.53B
Total Non-Current Assets
1.67T1.39T1.47T1.41T1.5T1.56T1.52T1.52T1.65T
Total Assets
1.95T▲ 0%
1.9T▼ 2.9%
1.93T▲ 1.7%
1.95T▲ 1.3%
1.95T▼ 0.2%
1.88T▼ 3.4%
1.93T▲ 2.7%
1.93T▼ 0.1%
2.15T▲ 11.3%
Asset Growth %
1.12%-2.86%1.67%1.32%-0.25%-3.44%2.74%-0.14%11.34%
Return on Assets (ROA)
1.14%1.16%1.03%0.17%1.13%0.71%1%1.02%1.05%
Accounts Payable
000000000
Total Debt
328.28B334.83B332.7B271.95B195.1B226.01B297.15B281.88B425.72B
Net Debt
112.33B161.54B191.45B7.34B-39.13B66.86B59.93B78.52B251.51B
Long-Term Debt
224.98B229.01B228.16B212.92B160.66B174.85B207.57B173.06B174.71B
Short-Term Debt
103.26B105.79B104.51B59B34.41B51.15B89.56B108.81B251.01B
Other Liabilities
8.8B8.5B9.08B11.82B6.64B19.75B89.7B95.09B68.2B
Total Current Liabilities
1.51T1.46T1.5T1.54T1.59T1.5T1.45T1.48T1.72T
Total Non-Current Liabilities
233.82B237.54B237.27B229.46B170.11B194.62B297.29B268.17B242.91B
Total Liabilities
1.74T1.7T1.74T1.77T1.76T1.7T1.75T1.75T1.97T
Total Equity
208.08B▲ 0%
197.07B▼ 5.3%
187.98B▼ 4.6%
185.71B▼ 1.2%
190.11B▲ 2.4%
182.21B▼ 4.2%
187.44B▲ 2.9%
181.07B▼ 3.4%
183.04B▲ 1.1%
Equity Growth %
3.78%-5.29%-4.61%-1.21%2.37%-4.15%2.87%-3.4%1.09%
Equity / Assets (Capital Ratio)
10.66%10.39%9.75%9.51%9.76%9.69%9.7%9.38%8.52%
Return on Equity (ROE)
10.86%11.05%10.24%1.81%11.77%7.35%10.36%10.7%11.72%
Book Value per Share
41.4740.7342.4844.9246.4147.4950.3852.2256.89
Tangible BV per Share
32.8531.8333.4936.6638.2138.2041.3342.7247.16
Common Stock
9.14B9.14B9.14B9.14B9.14B9.14B9.14B9.14B9.14B
Additional Paid-in Capital
60.89B60.69B61.05B60.2B60.2B60.32B60.55B60.82B61.29B
Retained Earnings
145.26B158.16B166.7B162.68B180.32B187.97B201.14B214.2B228.87B
Accumulated OCI
-2.14B-6.34B-1.31B194M-1.7B-13.36B-11.58B-12.18B-6.67B
Treasury Stock
-29.89B-47.19B-68.83B-67.79B-79.76B-82.85B-92.96B-111.46B-128.12B
Preferred Stock
25.36B23.21B21.55B21.14B20.06B19.45B19.45B18.61B16.61B

WFC Cash Flow Statement

Wells Fargo & Company (WFC) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
18.62B36.07B6.73B2.05B-11.53B27.05B40.36B3.04B-19B
Operating CF Growth %
1747.12%93.74%-81.34%-69.52%-661.92%334.69%49.21%-92.48%-726.06%
Net Income
22.46B22.88B20.21B3.66B23.8B13.38B19.14B19.96B21.36B
Depreciation & Amortization
5.41B5.59B6.57B8.22B7.89B6.83B6.27B7.56B7.71B
Deferred Taxes
00-3.19B-3.29B-1.11B1.24B-50M-911M0
Other Non-Cash Items
-44.39B-40.13B-44.28B-35.66B-75.17B-23.81B9.83B-3.31B3.89B
Working Capital Changes
33.1B45.48B25.15B27.35B33.06B29.41B5.28B-20.27B-51.96B
Cash from Investing
-13.15B-7.75B-29.63B122.55B-7.62B-42.48B16.04B-15.65B-192.41B
Purchase of Investments
-107.39B-66.5B-72.53B-146.98B-189.36B-49.45B-36.09B-103.83B-170.1B
Sale/Maturity of Investments
103.88B61.22B75.75B175.64B178.11B68.68B50.14B93.94B59.64B
Net Investment Activity
-3.51B-5.28B3.23B28.66B-11.25B19.23B14.05B-9.89B-110.46B
Acquisitions
-320M-10M0000000
Other Investing
-9.32B-2.46B-32.86B93.89B3.63B-61.71B1.99B-5.76B-81.95B
Cash from Financing
-10.92B-70.98B-9.14B-1.24B-11.24B-59.65B20.49B-21.53B177.59B
Dividends Paid
-9.11B-9.31B-9.59B-6.14B-3.63B-5.29B-5.93B-6.23B-6.48B
Share Repurchases
-9.91B-22.78B-26.08B-7.02B-21.14B-6.03B-13.58B-22.29B-19.52B
Stock Issued
1.89B632M380M3.12B5.76B01.72B2B0
Net Stock Activity
-8.02B-22.15B-25.7B-3.9B-15.38B-6.03B-11.85B-20.29B-19.52B
Debt Issuance (Net)
-1000K1000K-1000K-1000K-1000K1000K1000K-1000K1000K
Other Financing
29.42B-49.08B35.05B81.52B78.22B-99.03B-26.32B12.85B53.65B
Net Change in Cash
-5.45B▲ 0%
-42.66B▼ 682.3%
-32.04B▲ 24.9%
123.36B▲ 485.1%
-30.38B▼ 124.6%
-75.07B▼ 147.1%
76.89B▲ 202.4%
-34.15B▼ 144.4%
-33.82B▲ 1.0%
Exchange Rate Effect
000000000
Cash at Beginning
221.4B215.95B173.29B141.25B264.61B234.23B159.16B236.05B206.42B
Cash at End
215.95B173.29B141.25B264.61B234.23B159.16B236.05B201.9B172.59B
Interest Paid
9.1B14.37B18.83B8.41B4.38B8.29B30.43B43.62B0
Income Taxes Paid
6.59B1.98B7.49B1.18B3.17B3.38B01.66B0
Free Cash Flow
18.62B▲ 0%
36.07B▲ 93.7%
6.73B▼ 81.3%
2.05B▼ 69.5%
-11.53B▼ 661.9%
27.05B▲ 334.7%
40.36B▲ 49.2%
3.04B▼ 92.5%
-19B▼ 726.1%
FCF Growth %
1747.12%93.74%-81.34%-69.52%-661.92%334.69%49.21%-92.48%-726.06%

WFC Banking Ratios

Wells Fargo & Company (WFC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)
11.13%10.86%11.05%10.24%1.81%11.77%7.35%10.36%10.7%11.72%
Return on Assets (ROA)
1.18%1.14%1.16%1.03%0.17%1.13%0.71%1%1.02%1.05%
Net Interest Margin
2.47%2.54%2.64%2.45%2.05%1.84%2.39%2.71%2.47%2.21%
Efficiency Ratio
55.62%59.84%55.54%55.05%70.09%64.71%68.56%48.17%43.54%44.4%
Equity / Assets
10.39%10.66%10.39%9.75%9.51%9.76%9.69%9.7%9.38%8.52%
Book Value / Share
39.2541.4740.7342.4844.9246.4147.4950.3852.2256.89
NII Growth
5.41%3.78%0.88%-5.38%-15.53%-10.45%25.63%16.52%-8.97%-0.4%
Dividend Payout
34.06%33.72%34.35%41.58%143.68%10.95%30.55%25.02%26.03%25.47%
Related:WFC Dividend History·WFC Revenue History·WFC Price History·WFC P/E History·WFC Financial Ratios·WFC Institutional Holders

WFC SEC Filings & Documents

Wells Fargo & Company (WFC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 14, 2026·SEC

Material company update

Mar 18, 2026·SEC

Material company update

Mar 17, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 24, 2026·SEC

WFC Frequently Asked Questions

Wells Fargo & Company (WFC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Wells Fargo & Company (WFC) saw revenue decline by 1.5% over the past year.

Yes, Wells Fargo & Company (WFC) is profitable, generating $21.34B in net income for fiscal year 2025 (17.3% net margin).

Dividend & Returns

Yes, Wells Fargo & Company (WFC) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Wells Fargo & Company (WFC) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics

Wells Fargo & Company (WFC) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

Wells Fargo & Company (WFC) has an efficiency ratio of 44.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in WFC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in WFC be worth today?

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