Wells Fargo & Company (WFC) Earnings History
Annual and quarterly earnings data from 1989 to 2024
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WFC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WFC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 62.2% | 18.6% | 15.7% |
| 2023 | 66.9% | 18.8% | 16.6% |
| 2022 | 87.3% | 18.7% | 16.4% |
| 2021 | 100.3% | 35.6% | 26.6% |
| 2020 | 73.1% | 3.0% | 4.1% |
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Wells Fargo & Company (WFC) Earnings Overview
As of May 6, 2026, Wells Fargo & Company (WFC) reported trailing twelve-month net income of $21.06B, reflecting +11.2% year-over-year growth. The company earned $6.54 per diluted share over the past four quarters, with a net profit margin of 15.7%.
Looking at the long-term picture, WFC's 5-year EPS compound annual growth rate (CAGR) stands at +5.6%, showing solid earnings momentum. The company achieved its highest annual net income of $23.06B in fiscal 2014.
Wells Fargo & Company maintains industry-leading profitability with a gross margin of 62.2%, operating margin of 18.6%, and net margin of 15.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including JPM ($58.03B net income, 21.6% margin), BAC ($30.63B net income, 16.2% margin), C ($14.69B net income, 7.4% margin), WFC has room to improve margins relative to the peer group. Compare WFC vs JPM →
WFC Earnings vs Peers
Earnings metrics vs comparable public companies
WFC Historical Earnings Data (1989–2024)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $19.72B | +3.0% | $23.36B | $5.37 | 15.7% | 18.6% |
| 2023 | $19.14B | +40.0% | $21.64B | $4.83 | 16.6% | 18.8% |
| 2022 | $13.68B | -38.1% | $15.63B | $3.14 | 16.4% | 18.7% |
| 2021 | $22.11B | +554.7% | $29.56B | $4.99 | 26.6% | 35.6% |
| 2020 | $3.38B | -82.9% | $2.50B | $0.41 | 4.1% | 3.0% |
| 2019 | $19.71B | -12.0% | $25.97B | $4.09 | 18.7% | 24.6% |
| 2018 | $22.39B | +0.9% | $28.54B | $4.28 | 22.2% | 28.2% |
| 2017 | $22.18B | +1.1% | $27.38B | $4.10 | 22.7% | 28.0% |
| 2016 | $21.94B | -4.2% | $32.12B | $3.99 | 23.3% | 34.1% |
| 2015 | $22.89B | -0.7% | $33.64B | $4.12 | 26.1% | 38.3% |
Full WFC Stock Analysis
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Start ComparisonWFC — Frequently Asked Questions
Quick answers to the most common questions about buying WFC stock.
Is WFC growing earnings?
WFC EPS stands at $6.54, with +11.2% growth matching the 5-year CAGR of +5.6%. TTM net income is $21.1B. Earnings trajectory remains consistent.
What are WFC's profit margins?
Wells Fargo & Company net margin is +15.7%, with operating margin at +18.6%. Above-average margins indicate pricing power.
How consistent are WFC's earnings?
WFC earnings data spans 1989-2024. The current earnings trend is +11.2% YoY. Historical data enables comparison across business cycles.