Last 47 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Wells Fargo & Company's quarterly P/E stands at 12.6x, up 26.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 53.0% YoY to 14.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.16 | 12.62 | 12.52 | 12.91 | 12.28 | 9.95 | 11.16 | 12.08 | 14.31 | 6.90 | 8.54 | 7.60 | 15.41 |
| — | +26.9% | +12.1% | +6.9% | -14.2% | +44.1% | +30.8% | +58.9% | -7.1% | -41.7% | -35.5% | -44.8% | +77.3% | |
| P/S Ratio | 2.01 | 2.11 | 2.17 | 2.01 | 1.93 | 1.53 | 1.64 | 1.66 | 1.47 | 1.26 | 1.41 | 1.33 | 1.65 |
| — | +38.4% | +32.6% | +21.4% | +30.9% | +21.2% | +16.0% | +24.2% | -10.6% | -28.1% | -30.7% | -46.8% | -24.8% | |
| P/B Ratio | 1.56 | 1.47 | 1.43 | 1.30 | 1.30 | 1.05 | 1.16 | 1.14 | 0.96 | 0.82 | 0.87 | 0.78 | 0.87 |
| — | +40.9% | +23.1% | +14.1% | +35.8% | +26.8% | +33.0% | +46.6% | +10.6% | -4.4% | +5.0% | -24.5% | -13.2% | |
| P/FCF | 82.98 | — | — | — | 6.63 | 11.50 | 25.25 | — | 2.47 | 2.42 | — | 4.82 | 5.46 |
| — | — | — | — | +168.1% | +374.3% | — | — | -54.7% | -24.2% | — | -98.0% | -44.7% | |
| EV / EBITDA | 10.68 | 14.40 | 12.95 | 13.03 | 10.68 | 9.41 | 8.39 | 7.96 | 12.23 | 6.63 | 8.66 | 7.93 | 13.79 |
| — | +53.0% | +54.3% | +63.7% | -12.7% | +42.1% | -3.1% | +0.3% | -11.3% | -15.4% | +2.3% | +18.7% | +261.9% | |
| EV / EBIT | 14.14 | 18.23 | 16.75 | 17.57 | 14.61 | 12.10 | 11.08 | 10.55 | 17.59 | 8.24 | 11.08 | 10.04 | 22.50 |
| — | +50.6% | +51.2% | +66.5% | -16.9% | +46.9% | -0.0% | +5.1% | -21.8% | -23.6% | -12.3% | +8.6% | +383.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Wells Fargo & Company's operating margin was 21.7% in Q3 2025, up 0.3 pp QoQ and up 2.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 19.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 6.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.2% | 65.1% | 64.8% | 64.9% | 63.0% | 60.9% | 61.5% | 63.3% | 62.8% | 65.9% | 66.7% | 73.0% | 77.9% |
| — | +6.8% | +5.5% | +2.5% | +0.3% | -7.5% | -7.9% | -13.3% | -19.3% | -23.0% | -25.4% | -26.3% | -20.6% | |
| Operating Margin | 18.6% | 21.7% | 21.3% | 18.0% | 17.6% | 19.7% | 19.5% | 17.8% | 11.2% | 21.9% | 20.7% | 21.9% | 10.4% |
| — | +10.0% | +9.6% | +1.3% | +57.6% | -10.3% | -5.9% | -18.8% | +7.2% | +7.6% | +5.8% | -12.4% | -72.1% | |
| Net Margin | 15.7% | 17.5% | 18.2% | 16.5% | 16.6% | 16.1% | 15.5% | 14.7% | 11.3% | 19.3% | 17.5% | 18.7% | 11.9% |
| — | +8.5% | +17.3% | +12.6% | +47.1% | -16.4% | -11.4% | -21.4% | -5.4% | +18.1% | +2.5% | -7.9% | -55.0% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 3.1% | 3.0% | 2.7% | 2.8% | 2.8% | 2.7% | 2.5% | 1.9% | 3.2% | 2.7% | 2.7% | 1.6% |
| — | +8.5% | +10.4% | +7.7% | +48.9% | -11.0% | +0.6% | -8.6% | +17.3% | +57.9% | +55.6% | +34.1% | -47.3% | |
| ROA | 1.0% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% |
| — | +4.4% | +11.0% | +6.3% | +47.0% | -13.1% | -4.1% | -10.4% | +17.7% | +59.4% | +59.6% | +36.0% | -48.3% | |
| ROIC | 3.7% | 0.9% | 0.9% | 0.8% | 0.9% | 1.0% | 1.0% | 0.9% | 0.5% | 1.1% | 1.0% | 1.0% | 0.5% |
| — | -7.0% | -4.3% | -4.2% | +59.3% | -10.0% | -3.3% | -16.1% | +13.5% | +21.6% | +36.4% | +11.7% | -69.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Wells Fargo & Company's Debt/EBITDA ratio is 46.7x, up from 43.7x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.56 | 2.23 | 1.99 | 1.71 | 1.56 | 1.59 | 1.67 | 1.62 | 1.59 | 1.55 | 1.40 | 1.39 | 1.24 |
| — | +40.5% | +19.0% | +5.5% | -1.8% | +2.2% | +19.4% | +17.0% | +27.8% | +35.4% | +34.4% | +35.0% | +20.9% | |
| Debt / EBITDA | 9.12 | 46.69 | 43.72 | 43.63 | 38.26 | 36.66 | 36.64 | 40.07 | 60.59 | 34.79 | 34.16 | 34.40 | 55.40 |
| — | +27.4% | +19.3% | +8.9% | -36.9% | +5.4% | +7.3% | +16.5% | +9.4% | +4.8% | -2.1% | +18.8% | +181.4% | |
| Current Ratio | 0.27 | 0.27 | 0.28 | 0.27 | 0.27 | 0.28 | 0.28 | 0.31 | 0.29 | 0.19 | 0.15 | 0.15 | 0.21 |
| — | -3.7% | -0.3% | -12.9% | -4.7% | +46.0% | +95.3% | +110.0% | +36.4% | +32.2% | +6.8% | -5.7% | -25.7% | |
| Quick Ratio | 0.27 | 0.27 | 0.28 | 0.27 | 0.27 | 0.28 | 0.28 | 0.31 | 0.29 | 0.19 | 0.15 | 0.15 | 0.21 |
| — | -3.7% | -0.3% | -12.9% | -4.7% | +46.0% | +95.3% | +110.0% | +36.4% | +32.2% | +6.8% | -5.7% | -25.7% | |
| Interest Coverage | 0.54 | 0.66 | 0.67 | 0.56 | 0.53 | 0.55 | 0.56 | 0.53 | 0.34 | 0.73 | 0.76 | 0.97 | 0.57 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonWells Fargo & Company's current P/E is 15.2x. The average P/E over the last 4 quarters is 12.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Wells Fargo & Company's current operating margin is 18.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Wells Fargo & Company's business trajectory between earnings reports.