Wells Fargo & Company (WFC) Financials

$73.93 +1.10 (+1.51%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$74.07 +0.14 (+0.19%)

As of 04:02 AM Eastern

Annual Income Statements for Wells Fargo & Company

This table shows Wells Fargo & Company's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	18,606	17,982	12,562	20,818	1,786	18,103	20,689	20,554	20,373	21,470
Consolidated Net Income / (Loss)	19,722	19,142	13,677	22,109	3,377	20,206	22,876	22,460	21,938	22,894
Net Income / (Loss) Continuing Operations	19,965	19,029	13,378	23,799	3,662	20,206	22,876	22,460	22,045	23,276
Total Pre-Tax Income	23,364	21,636	15,629	29,563	2,505	25,967	28,538	27,377	32,120	33,641
Total Revenue	82,296	82,597	74,368	79,166	74,264	86,832	86,408	88,389	88,267	86,057
Net Interest Income / (Expense)	47,676	52,375	44,950	35,779	39,956	47,303	49,995	49,557	47,754	45,301
Total Interest Income	90,777	85,118	54,024	39,694	47,919	66,155	64,647	58,909	53,663	49,277
Loans and Leases Interest Income	58,386	57,518	38,228	29,499	35,177	45,110	44,891	42,224	40,327	37,379
Investment Securities Interest Income	18,719	16,790	12,488	9,861	11,788	15,917	15,398	13,745	11,879	8,937
Other Interest Income	13,672	10,810	3,308	334	954	5,128	4,358	2,940	1,457	990
Total Interest Expense	43,101	32,743	9,074	3,915	7,963	18,852	14,652	9,352	5,909	3,976
Deposits Interest Expense	24,282	16,503	2,349	388	2,804	8,635	5,622	3,013	1,395	963
Short-Term Borrowings Interest Expense	5,311	3,848	582	-41	-	2,316	1,717	758	330	64
Long-Term Debt Interest Expense	12,463	11,572	5,505	3,173	4,721	7,350	6,703	5,157	3,830	2,592
Other Interest Expense	1,045	820	638	395	438	551	610	424	354	357
Total Non-Interest Income	34,620	30,222	29,418	43,387	34,308	39,529	36,413	38,832	40,513	40,756
Other Service Charges	1,047	829	1,383	4,956	31,598	2,715	8,403	15,024	16,693	19,713
Net Realized & Unrealized Capital Gains on Investments	5,434	4,368	1,461	7,264	2,710	3,976	2,225	2,800	2,655	3,796
Other Non-Interest Income	28,139	25,025	26,574	31,167	-	32,838	25,785	5,464	5,654	1,085
Provision for Credit Losses	4,334	5,399	1,534	-4,155	14,129	2,687	1,744	2,528	3,770	2,442
Total Non-Interest Expense	54,598	55,562	57,205	53,758	57,630	58,178	56,126	58,484	52,377	49,974
Salaries and Employee Benefits	35,729	35,829	34,340	35,541	-	35,128	33,085	27,805	26,799	26,235
Net Occupancy & Equipment Expense	7,635	6,804	6,256	6,195	6,362	6,221	5,791	5,086	5,009	4,949
Marketing Expense	869	812	505	600	600	1,076	857	-	-	-
Other Operating Expenses	10,365	12,117	16,104	11,422	49,169	15,753	16,393	23,154	18,209	16,571
Income Tax Expense	3,399	2,607	2,251	5,764	-1,157	5,761	5,662	4,917	10,075	10,365
Other Adjustments to Consolidated Net Income / (Loss)	-243	113	299	-1,690	-285	-	-	-	-107	-382
Preferred Stock Dividends Declared	1,116	1,160	1,115	1,291	1,591	1,612	1,704	1,629	1,565	1,424
Basic Earnings per Share	$5.43	$4.88	$3.30	$5.13	$0.43	$4.12	$4.31	$4.14	$4.03	$4.18
Weighted Average Basic Shares Outstanding	3.43B	3.69B	3.81B	4.06B	4.12B	4.39B	4.80B	4.96B	5.05B	5.14B
Diluted Earnings per Share	$5.37	$4.83	$3.27	$5.08	$0.43	$4.09	$4.28	$4.10	$3.99	$4.12
Weighted Average Diluted Shares Outstanding	3.47B	3.72B	3.84B	4.10B	4.13B	4.43B	4.84B	5.02B	5.11B	5.21B
Weighted Average Basic & Diluted Shares Outstanding	3.29B	3.58B	3.79B	3.81B	4.13B	4.10B	4.80B	4.96B	5.06B	5.14B
Cash Dividends to Common per Share	$1.50	$1.30	$1.10	$0.60	$1.22	$1.92	$1.64	$1.54	$1.52	$1.48

This table shows Wells Fargo & Company's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4,616	4,801	4,852	4,640	4,313	3,160	5,450	4,659	4,713	2,877	3,313
Consolidated Net Income / (Loss)	4,894	5,079	5,114	4,910	4,619	3,446	5,767	4,938	4,991	3,155	3,592
Net Income / (Loss) Continuing Operations	4,804	5,263	5,170	4,909	4,623	3,510	5,736	4,903	4,880	2,920	3,564
Total Pre-Tax Income	5,326	5,383	6,234	6,160	5,587	3,410	6,547	5,833	5,846	2,891	4,476
Total Revenue	20,149	20,378	20,366	20,689	20,863	20,478	20,857	20,533	20,729	20,034	19,566
Net Interest Income / (Expense)	11,495	11,836	11,690	11,923	12,227	12,771	13,105	13,163	13,336	13,433	12,098
Total Interest Income	20,973	22,055	22,998	22,884	22,840	22,839	22,093	20,830	19,356	17,793	14,494
Loans and Leases Interest Income	13,474	14,113	14,747	14,699	14,827	15,052	14,842	14,209	13,415	12,350	10,278
Investment Securities Interest Income	4,854	4,855	4,786	4,666	4,412	4,276	4,330	4,231	3,953	3,661	3,199
Other Interest Income	2,645	3,087	3,465	3,519	3,601	3,511	2,921	2,390	1,988	1,782	1,017
Total Interest Expense	9,478	10,219	11,308	10,961	10,613	10,068	8,988	7,667	6,020	4,360	2,396
Deposits Interest Expense	5,209	5,877	6,445	6,149	5,811	5,329	4,608	3,805	2,761	1,595	513
Short-Term Borrowings Interest Expense	1,362	1,281	1,435	1,377	1,218	1,184	1,133	961	570	-	158
Long-Term Debt Interest Expense	2,582	2,787	3,163	3,164	3,349	3,329	3,039	2,693	2,511	2,194	1,553
Other Interest Expense	325	274	265	271	235	226	208	208	178	178	172
Total Non-Interest Income	8,654	8,542	8,676	8,766	8,636	7,707	7,752	7,370	7,393	6,601	7,468
Other Service Charges	332	294	280	243	230	202	193	202	232	-6,939	324
Net Realized & Unrealized Capital Gains on Investments	883	1,217	1,248	1,522	1,447	1,105	1,246	1,032	985	-181	872
Other Non-Interest Income	7,439	7,031	7,148	7,001	6,959	6,400	6,313	6,136	6,176	-	6,272
Provision for Credit Losses	932	1,095	1,065	1,236	938	1,282	1,197	1,713	1,207	957	784
Total Non-Interest Expense	13,891	13,900	13,067	13,293	14,338	15,786	13,113	12,987	13,676	16,186	14,306
Salaries and Employee Benefits	9,474	9,071	8,591	8,575	9,492	9,181	8,627	8,606	9,415	-	8,212
Net Occupancy & Equipment Expense	1,984	2,071	1,928	1,869	1,767	1,816	1,699	1,654	1,635	1,624	1,530
Marketing Expense	181	243	205	224	197	259	215	184	154	178	126
Other Operating Expenses	2,252	2,515	2,343	2,625	2,882	4,530	2,572	2,543	2,472	-3,297	4,438
Income Tax Expense	522	120	1,064	1,251	964	-100	811	930	966	-29	912
Other Adjustments to Consolidated Net Income / (Loss)	90	-184	-56	1.00	-4.00	-64	31	35	111	235	28
Preferred Stock Dividends Declared	278	278	262	270	306	286	317	279	278	278	279
Basic Earnings per Share	$1.41	$1.44	$1.43	$1.35	$1.21	$0.89	$1.49	$1.26	$1.24	$0.76	$0.87
Weighted Average Basic Shares Outstanding	3.28B	3.43B	3.38B	3.45B	3.56B	3.69B	3.65B	3.70B	3.79B	3.81B	3.80B
Diluted Earnings per Share	$1.39	$1.42	$1.42	$1.33	$1.20	$0.87	$1.48	$1.25	$1.23	$0.75	$0.86
Weighted Average Diluted Shares Outstanding	3.32B	3.47B	3.43B	3.49B	3.60B	3.72B	3.68B	3.72B	3.82B	3.84B	3.83B
Weighted Average Basic & Diluted Shares Outstanding	3.25B	3.29B	3.33B	3.40B	3.49B	3.58B	3.63B	1.82B	3.75B	3.79B	3.81B
Cash Dividends to Common per Share	$0.40	-	$0.40	$0.35	$0.35	-	$0.35	$0.30	$0.30	-	$0.30

This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-34,150	76,895	-75,073	-30,382	123,362	-32,037	-42,660	-5,453	-18,120	-460
Net Cash From Operating Activities	3,035	40,358	27,048	-11,525	2,051	6,730	36,073	18,619	1,008	15,904
Net Cash From Continuing Operating Activities	3,035	40,358	27,048	-11,525	2,051	6,730	36,073	18,619	1,008	15,904
Net Income / (Loss) Continuing Operations	19,965	19,029	13,378	23,799	3,662	20,206	22,876	22,460	22,045	23,276
Consolidated Net Income / (Loss)	19,965	19,029	13,378	23,799	3,662	20,206	22,876	22,460	22,045	23,276
Provision For Loan Losses	4,334	5,399	1,534	-4,155	14,129	2,687	-	2,528	3,770	2,442
Depreciation Expense	7,558	6,271	6,832	7,890	8,219	6,573	5,593	5,406	4,970	3,288
Non-Cash Adjustments to Reconcile Net Income	-7,640	4,428	-25,342	-71,012	-48,024	-44,691	-37,873	-44,871	-82,074	-49,569
Changes in Operating Assets and Liabilities, net	-21,182	5,231	30,646	31,953	24,065	21,955	45,477	33,096	52,297	36,467
Net Cash From Investing Activities	-15,651	16,043	-42,476	-7,619	122,554	-29,631	-7,754	-13,152	-141,919	-107,235
Net Cash From Continuing Investing Activities	-15,651	16,043	-42,476	-7,619	122,554	-29,631	-7,754	-13,152	-141,919	-107,235
Purchase of Investment Securities	-104,863	-37,333	-49,384	-214,772	-93,788	-94,129	-87,207	-112,122	-226,269	-178,336
Sale and/or Maturity of Investments	97,571	54,414	81,124	209,956	184,999	87,793	81,107	119,833	100,996	85,381
Net Increase in Fed Funds Sold	-27,022	-12,729	-704	-551	36,468	-21,933	-1,184	-21,497	-15,747	-11,866
Other Investing Activities, net	18,663	11,691	-73,512	-2,252	-5,125	-1,362	-470	634	-899	-2,414
Net Cash From Financing Activities	-21,534	20,494	-59,645	-11,238	-1,243	-9,136	-70,979	-10,920	122,791	90,871
Net Cash From Continuing Financing Activities	-21,534	20,494	-59,645	-11,238	-1,243	-9,136	-70,979	-10,920	122,791	90,871
Net Change in Deposits	13,631	-25,812	-98,494	78,582	81,755	36,137	-48,034	29,912	82,767	54,867
Issuance of Debt	47,724	87,485	70,301	-23,315	-7,377	52,106	50,126	57,595	88,913	77,040
Issuance of Preferred Equity	1,997	1,722	0.00	5,756	3,116	0.00	0.00	677	2,101	2,972
Repayment of Debt	-55,582	-22,886	-19,587	-47,134	-65,347	-60,996	-40,813	-80,802	-34,462	-27,333
Repurchase of Preferred Equity	-2,840	-1,725	0.00	-6,675	-3,602	-1,550	-2,150	0.00	0.00	-
Repurchase of Common Equity	-19,448	-11,851	-6,033	-14,464	-3,415	-24,533	-20,633	-9,908	-8,116	-8,697
Payment of Dividends	-6,232	-5,930	-5,293	-3,627	-6,142	-9,589	-9,314	-9,109	-9,038	-8,826
Other Financing Activities, Net	-784	-509	-539	-361	-231	-711	-793	-496	-789	-878
Cash Interest Paid	43,619	30,431	8,289	4,384	8,414	18,834	14,366	9,103	5,573	3,816
Cash Income Taxes Paid	1,664	-1,786	3,376	3,166	1,175	7,493	-135	6,592	8,446	13,688

This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-25,724	17,774	-46,652	-37,816	32,544	19,336	62,298	-2,013	-2,726	-6,298	10,315
Net Cash From Operating Activities	-11,037	8,904	4,206	2,050	-12,125	18,202	15,505	-755	7,406	7,245	12,016
Net Cash From Continuing Operating Activities	-11,037	8,904	4,206	2,050	-12,125	18,202	15,505	-755	7,406	7,245	12,016
Net Income / (Loss) Continuing Operations	4,804	5,263	5,170	4,909	4,623	3,510	5,736	4,903	4,880	2,920	3,564
Consolidated Net Income / (Loss)	4,804	5,263	5,170	4,909	4,623	3,510	5,736	4,903	4,880	2,920	3,564
Provision For Loan Losses	932	1,095	1,065	1,236	938	1,282	1,197	1,713	1,207	957	784
Depreciation Expense	1,858	1,984	1,783	1,972	1,819	1,494	1,597	1,628	1,552	1,579	1,690
Non-Cash Adjustments to Reconcile Net Income	2,737	-6,264	4,763	-2,906	-3,233	6,965	-3,283	-2,250	2,996	-451	-9,936
Changes in Operating Assets and Liabilities, net	-21,368	6,826	-8,575	-3,161	-16,272	4,951	10,258	-6,749	-3,229	2,240	15,914
Net Cash From Investing Activities	-27,508	-1,064	-21,098	-14,584	21,095	-4,231	7,628	20,601	-7,955	-15,926	919
Net Cash From Continuing Investing Activities	-27,508	-1,064	-21,098	-14,584	21,095	-4,231	7,628	20,601	-7,955	-15,926	919
Purchase of Investment Securities	-17,684	-48,281	-29,611	-19,786	-7,185	-16,187	-1,390	4,369	-24,125	59,565	-15,935
Sale and/or Maturity of Investments	14,277	31,024	31,046	17,596	17,905	10,985	13,601	21,033	8,795	9,933	16,784
Net Increase in Fed Funds Sold	-21,500	-2,236	-23,131	-13,360	11,705	-10,025	-3,931	121	1,106	-11,087	-294
Other Investing Activities, net	-2,601	18,429	598	966	-1,330	10,996	-652	-4,922	6,269	-74,337	364
Net Cash From Financing Activities	12,821	9,934	-29,760	-25,282	23,574	5,365	39,165	-21,859	-2,177	2,383	-2,620
Net Cash From Continuing Financing Activities	12,821	9,934	-29,760	-25,282	23,574	5,365	39,165	-21,859	-2,177	2,383	-2,620
Net Change in Deposits	-10,076	22,158	-16,248	-17,253	24,974	4,163	9,426	-18,045	-21,356	-14,170	-26,998
Issuance of Debt	38,310	515	-2,762	15,924	34,047	11,856	36,895	8,715	30,019	20,410	31,019
Repayment of Debt	-9,618	-6,806	-7,836	-14,335	-26,605	-6,638	-4,036	-7,054	-5,158	-2,395	-5,214
Repurchase of Preferred Equity	0.00	-	-	-2,000	-840	-	-1,725	-	0.00	-	-
Repurchase of Common Equity	-3,500	-4,000	-3,435	-6,012	-6,001	-2,350	-1,480	-4,005	-4,016	-6.00	-5.00
Payment of Dividends	-1,567	-1,632	-1,590	-1,536	-1,474	-1,610	-1,514	-1,449	-1,357	-1,476	-1,355
Other Financing Activities, Net	-728	-301	114	-70	-527	-56	-123	-21	-309	20	-67
Cash Interest Paid	9,791	10,532	11,535	11,167	10,385	9,549	8,034	7,371	5,477	4,025	2,024
Cash Income Taxes Paid	120	1,558	527	1,434	-1,855	150	48	-1,157	-827	-487	46

This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,929,845	1,932,468	1,881,020	1,948,068	1,952,911	1,927,555	1,895,883	1,951,757	1,930,115	1,787,632
Cash and Due from Banks	37,080	33,026	34,596	24,616	28,236	21,757	23,551	23,367	20,729	19,111
Federal Funds Sold	105,330	80,456	68,036	66,223	65,672	102,140	80,207	80,025	266,038	270,130
Interest Bearing Deposits at Other Banks	166,281	204,193	124,561	209,614	236,376	119,493	149,736	192,580	-	-
Trading Account Securities	371,099	308,245	294,041	383,490	417,725	499,836	567,774	548,091	496,842	430,026
Loans and Leases, Net of Allowance	898,562	922,076	942,886	-12,490	869,121	1,056,766	943,335	945,766	956,185	905,014
Loans and Leases	912,745	936,682	955,871	-	887,637	1,066,317	953,110	956,770	967,604	916,559
Allowance for Loan and Lease Losses	14,183	14,606	12,985	-	18,516	9,551	9,775	11,004	11,419	11,545
Premises and Equipment, Net	10,297	9,266	8,350	8,571	8,895	9,309	8,920	8,847	8,333	8,704
Goodwill	25,167	25,175	25,173	25,180	26,392	26,390	26,418	26,587	26,693	25,529
Other Assets	316,029	350,031	383,377	1,230,374	300,494	91,864	95,942	105,293	128,906	109,236
Total Liabilities & Shareholders' Equity	1,929,845	1,932,468	1,881,020	1,948,068	1,952,911	1,927,555	1,895,883	1,951,757	1,930,115	1,787,632
Total Liabilities	1,748,779	1,745,025	1,698,807	1,757,958	1,767,199	1,739,571	1,698,817	1,743,678	1,729,618	1,593,741
Non-Interest Bearing Deposits	383,616	360,279	458,010	527,748	467,068	344,496	349,534	373,722	375,967	351,579
Interest Bearing Deposits	988,188	997,894	925,975	954,731	937,313	978,130	936,636	962,269	930,112	871,733
Short-Term Debt	108,806	89,559	51,145	34,409	58,999	104,512	114,286	103,256	96,781	97,528
Long-Term Debt	173,078	207,588	174,870	160,689	212,950	228,191	229,044	225,020	255,077	199,536
Other Long-Term Liabilities	95,091	89,705	88,807	80,381	90,869	84,242	-	79,411	71,681	73,365
Total Equity & Noncontrolling Interests	181,066	187,443	182,213	190,110	185,712	187,984	197,066	208,079	200,497	193,891
Total Preferred & Common Equity	179,120	185,735	180,227	187,606	184,680	187,146	196,166	206,936	199,581	192,998
Preferred Stock	18,608	19,448	19,448	20,057	21,136	21,549	23,214	25,358	24,551	22,214
Total Common Equity	160,512	166,287	160,779	167,549	163,544	165,597	172,952	181,578	175,030	170,784
Common Stock	69,953	69,691	69,455	69,332	69,333	70,185	69,821	70,029	69,370	69,850
Retained Earnings	214,198	201,136	187,968	180,322	162,683	166,697	158,163	145,263	133,075	120,866
Treasury Stock	-111,463	-92,960	-82,853	-79,757	-67,791	-68,831	-47,194	-29,892	-22,713	-18,867
Accumulated Other Comprehensive Income / (Loss)	-12,176	-11,580	-13,362	-1,702	194	-1,311	-6,336	-2,144	-3,137	297
Noncontrolling Interest	1,946	1,708	1,986	2,504	1,032	838	900	1,143	916	893

This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	1,950,311	1,929,845	1,922,125	1,940,073	1,959,153	1,932,468	1,909,261	1,876,320	1,886,400	1,881,020	1,877,745
Cash and Due from Banks	35,256	37,080	33,530	32,701	30,180	33,026	30,815	31,915	31,958	34,596	27,634
Federal Funds Sold	126,830	105,330	105,390	82,259	68,751	80,456	70,431	66,500	67,288	68,036	55,840
Interest Bearing Deposits at Other Banks	142,309	166,281	152,016	199,322	239,467	204,193	187,081	123,418	130,478	124,561	137,821
Trading Account Securities	389,816	371,099	371,448	356,314	330,251	308,245	304,942	322,598	318,376	294,041	299,848
Loans and Leases, Net of Allowance	899,813	898,562	895,381	903,547	908,363	922,076	927,870	933,702	934,871	942,886	-12,571
Loans and Leases	913,842	912,745	909,711	917,907	922,784	936,682	942,424	947,960	947,991	955,871	-
Allowance for Loan and Lease Losses	14,029	14,183	14,330	14,360	14,421	14,606	14,554	14,258	13,120	12,985	12,571
Premises and Equipment, Net	10,357	10,297	9,955	9,648	9,426	9,266	8,559	8,392	8,416	8,350	8,493
Goodwill	25,066	25,167	25,173	25,172	25,173	25,175	25,174	25,175	25,173	25,173	25,172
Other Assets	320,864	316,029	329,232	331,110	347,542	350,031	354,389	364,620	369,840	383,377	1,322,937
Total Liabilities & Shareholders' Equity	1,950,311	1,929,845	1,922,125	1,940,073	1,959,153	1,932,468	1,909,261	1,876,320	1,886,400	1,881,020	1,877,745
Total Liabilities	1,767,405	1,748,779	1,737,114	1,761,925	1,776,479	1,745,025	1,726,888	1,694,368	1,703,180	1,698,807	1,699,336
Non-Interest Bearing Deposits	377,443	383,616	370,005	348,525	356,162	360,279	384,330	402,322	434,912	458,010	494,594
Interest Bearing Deposits	984,285	988,188	979,641	1,017,369	1,026,985	997,894	969,680	942,262	927,717	925,975	903,557
Short-Term Debt	139,776	108,806	111,894	118,834	109,014	89,559	93,330	84,255	81,007	51,145	48,382
Long-Term Debt	173,660	173,078	182,015	179,136	187,764	207,588	190,035	170,632	173,466	174,870	156,412
Other Long-Term Liabilities	92,241	95,091	93,559	98,061	96,554	89,705	89,513	94,897	86,078	88,807	96,391
Total Equity & Noncontrolling Interests	182,906	181,066	185,011	178,148	182,674	187,443	182,373	181,952	183,220	182,213	178,409
Total Preferred & Common Equity	181,090	179,120	183,265	176,430	180,943	185,735	180,715	180,191	181,168	180,227	176,189
Preferred Stock	18,608	18,608	18,608	16,608	18,608	19,448	19,448	19,448	19,448	19,448	20,057
Total Common Equity	162,482	160,512	164,657	159,822	162,335	166,287	161,267	160,743	161,720	160,779	156,132
Common Stock	69,411	69,953	69,759	69,509	69,267	69,691	69,501	69,309	69,082	69,455	69,352
Retained Earnings	217,405	214,198	210,749	207,281	203,870	201,136	199,287	195,164	191,688	187,968	186,551
Treasury Stock	-114,336	-111,463	-107,479	-104,247	-98,256	-92,960	-91,215	-89,860	-86,049	-82,853	-84,781
Accumulated Other Comprehensive Income / (Loss)	-9,998	-12,176	-8,372	-12,721	-12,546	-11,580	-15,877	-13,441	-12,572	-13,362	-14,344
Noncontrolling Interest	1,816	1,946	1,746	1,718	1,731	1,708	1,658	1,761	2,052	1,986	2,220

This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.36%	11.07%	-6.06%	6.60%	-14.47%	0.49%	-2.24%	0.14%	2.57%	2.03%
EBITDA Growth	10.80%	24.25%	-40.03%	249.24%	-67.04%	-4.66%	4.11%	-11.61%	0.44%	1.37%
EBIT Growth	7.99%	38.44%	-47.13%	1,080.16%	-90.35%	-9.01%	4.24%	-14.77%	-4.52%	-0.81%
NOPAT Growth	4.92%	42.24%	-43.79%	549.89%	-81.88%	-11.67%	1.85%	1.88%	-5.29%	-1.41%
Net Income Growth	3.03%	39.96%	-38.14%	554.69%	-83.29%	-11.67%	1.85%	2.38%	-4.18%	-0.71%
EPS Growth	11.18%	47.71%	-35.63%	1,081.40%	-89.49%	-4.44%	4.39%	2.76%	-3.16%	0.49%
Operating Cash Flow Growth	-92.48%	49.21%	334.69%	-661.92%	-69.52%	-81.34%	93.74%	1,747.12%	-93.66%	-9.27%
Free Cash Flow Firm Growth	172.57%	-494.62%	-110.02%	44.33%	67.08%	111.92%	-51.03%	197.73%	-12.58%	-11.95%
Invested Capital Growth	-4.47%	18.71%	5.98%	-15.83%	-12.10%	-3.65%	0.75%	-2.90%	12.51%	13.46%
Revenue Q/Q Growth	-0.12%	0.54%	-1.97%	3.38%	-3.49%	0.75%	-1.22%	0.31%	0.21%	0.17%
EBITDA Q/Q Growth	8.65%	1.58%	-21.60%	12.81%	-5.30%	-4.37%	7.16%	-8.89%	0.99%	0.42%
EBIT Q/Q Growth	9.22%	2.46%	-27.63%	18.12%	-29.52%	-6.31%	9.69%	-11.16%	-0.37%	-0.46%
NOPAT Q/Q Growth	9.63%	3.20%	-23.19%	16.70%	14.54%	-13.17%	-0.38%	4.52%	-1.58%	-0.72%
Net Income Q/Q Growth	9.03%	1.54%	-18.49%	15.63%	5.63%	-13.17%	-1.18%	5.39%	-1.33%	-0.58%
EPS Q/Q Growth	11.41%	2.55%	-18.86%	18.14%	16.22%	-11.66%	1.18%	5.40%	-1.24%	-0.48%
Operating Cash Flow Q/Q Growth	-75.39%	37.27%	9.86%	70.53%	-94.49%	-27.95%	69.25%	-19.64%	113.07%	-29.83%
Free Cash Flow Firm Q/Q Growth	727.14%	10.55%	-131.88%	5.66%	-30.09%	533.91%	-47.74%	-41.21%	57.99%	-160.13%
Invested Capital Q/Q Growth	-3.33%	4.05%	6.53%	-2.73%	-1.94%	-6.84%	2.65%	-0.59%	-5.33%	5.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.57%	33.79%	30.20%	47.31%	14.44%	37.47%	39.50%	37.09%	42.02%	42.91%
EBIT Margin	28.39%	26.19%	21.02%	37.34%	3.37%	29.90%	33.03%	30.97%	36.39%	39.09%
Profit (Net Income) Margin	23.96%	23.18%	18.39%	27.93%	4.55%	23.27%	26.47%	25.41%	24.85%	26.60%
Tax Burden Percent	84.41%	88.47%	87.51%	74.79%	134.81%	77.81%	80.16%	82.04%	68.30%	68.05%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	14.55%	12.05%	14.40%	19.50%	-46.19%	22.19%	19.84%	17.96%	31.37%	30.81%
Return on Invested Capital (ROIC)	4.21%	4.26%	3.37%	5.65%	0.75%	3.81%	4.25%	4.13%	4.23%	5.04%
ROIC Less NNEP Spread (ROIC-NNEP)	4.13%	4.31%	3.51%	4.92%	0.65%	3.81%	4.25%	4.13%	4.19%	4.90%
Return on Net Nonoperating Assets (RNNOA)	6.49%	6.09%	3.97%	6.12%	1.06%	6.69%	7.04%	6.87%	6.90%	7.04%
Return on Equity (ROE)	10.70%	10.36%	7.35%	11.77%	1.81%	10.50%	11.29%	10.99%	11.13%	12.08%
Cash Return on Invested Capital (CROIC)	8.78%	-12.84%	-2.43%	22.84%	13.63%	7.52%	3.50%	7.07%	-7.54%	-7.57%
Operating Return on Assets (OROA)	1.21%	1.13%	0.82%	1.52%	0.13%	1.36%	1.48%	1.41%	1.73%	1.94%
Return on Assets (ROA)	1.02%	1.00%	0.71%	1.13%	0.17%	1.06%	1.19%	1.16%	1.18%	1.32%
Return on Common Equity (ROCE)	9.49%	9.16%	6.48%	10.37%	1.59%	9.23%	9.88%	9.60%	9.75%	10.70%
Return on Equity Simple (ROE_SIMPLE)	11.01%	10.31%	7.59%	11.78%	1.83%	10.80%	11.66%	10.85%	10.99%	11.86%
Net Operating Profit after Tax (NOPAT)	19,965	19,029	13,378	23,799	3,662	20,206	22,876	22,460	22,045	23,276
NOPAT Margin	24.26%	23.04%	17.99%	30.06%	4.93%	23.27%	26.47%	25.41%	24.98%	27.05%
Net Nonoperating Expense Percent (NNEP)	0.08%	-0.04%	-0.14%	0.72%	0.09%	0.00%	0.00%	0.00%	0.03%	0.14%
SG&A Expenses to Revenue	53.75%	52.60%	55.27%	53.48%	9.37%	48.86%	45.98%	37.21%	36.04%	36.24%
Operating Expenses to Revenue	66.34%	67.27%	76.92%	67.91%	77.60%	67.00%	64.95%	66.17%	59.34%	58.07%
Earnings before Interest and Taxes (EBIT)	23,364	21,636	15,629	29,563	2,505	25,967	28,538	27,377	32,120	33,641
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30,922	27,907	22,461	37,453	10,724	32,540	34,131	32,783	37,090	36,929
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.04	0.92	1.06	0.70	1.21	1.06	1.35	1.26	1.26
Price to Tangible Book Value (P/TBV)	1.72	1.23	1.09	1.25	0.83	1.44	1.25	1.59	1.49	1.48
Price to Revenue (P/Rev)	2.83	2.10	1.99	2.24	1.54	2.31	2.12	2.78	2.51	2.50
Price to Earnings (P/E)	12.51	9.64	11.77	8.53	63.99	11.07	8.87	11.95	10.87	10.02
Dividend Yield	2.15%	2.72%	2.83%	1.35%	4.41%	4.05%	4.20%	3.09%	3.44%	3.50%
Earnings Yield	8.00%	10.38%	8.49%	11.72%	1.56%	9.04%	11.27%	8.37%	9.20%	9.98%
Enterprise Value to Invested Capital (EV/IC)	0.49	0.36	0.41	0.25	0.17	0.60	0.55	0.57	0.56	0.50
Enterprise Value to Revenue (EV/Rev)	2.75	2.11	2.26	1.20	1.05	3.59	3.44	3.45	3.53	2.86
Enterprise Value to EBITDA (EV/EBITDA)	7.32	6.23	7.49	2.53	7.28	9.59	8.72	9.29	8.41	6.66
Enterprise Value to EBIT (EV/EBIT)	9.69	8.04	10.76	3.21	31.18	12.02	10.43	11.12	9.71	7.31
Enterprise Value to NOPAT (EV/NOPAT)	11.34	9.14	12.57	3.98	21.33	15.44	13.01	13.56	14.15	10.57
Enterprise Value to Operating Cash Flow (EV/OCF)	74.62	4.31	6.22	0.00	38.08	46.37	8.25	16.35	309.44	15.47
Enterprise Value to Free Cash Flow (EV/FCFF)	5.44	0.00	0.00	0.98	1.17	7.82	15.80	7.92	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.56	1.59	1.24	1.03	1.46	1.77	1.74	1.58	1.75	1.53
Long-Term Debt to Equity	0.96	1.11	0.96	0.85	1.15	1.21	1.16	1.08	1.27	1.03
Financial Leverage	1.57	1.42	1.13	1.24	1.62	1.76	1.66	1.66	1.65	1.44
Leverage Ratio	10.48	10.32	10.28	10.38	10.38	9.93	9.50	9.50	9.43	9.16
Compound Leverage Factor	10.48	10.32	10.28	10.38	10.38	9.93	9.50	9.50	9.43	9.16
Debt to Total Capital	60.89%	61.32%	55.36%	50.65%	59.42%	63.90%	63.53%	61.21%	63.70%	60.51%
Short-Term Debt to Total Capital	23.50%	18.48%	12.53%	8.93%	12.89%	20.07%	21.15%	19.25%	17.52%	19.87%
Long-Term Debt to Total Capital	37.39%	42.84%	42.84%	41.71%	46.53%	43.83%	42.38%	41.95%	46.18%	40.64%
Preferred Equity to Total Capital	4.02%	4.01%	4.76%	5.21%	4.62%	4.14%	4.30%	4.73%	4.44%	4.52%
Noncontrolling Interests to Total Capital	0.42%	0.35%	0.49%	0.65%	0.23%	0.16%	0.17%	0.21%	0.17%	0.18%
Common Equity to Total Capital	34.67%	34.32%	39.38%	43.50%	35.73%	31.80%	32.00%	33.85%	31.69%	34.79%
Debt to EBITDA	9.12	10.65	10.06	5.21	25.36	10.22	10.06	10.01	9.49	8.04
Net Debt to EBITDA	-0.87	-0.74	-0.05	-2.81	-5.44	2.74	2.63	0.99	1.75	0.21
Long-Term Debt to EBITDA	5.60	7.44	7.79	4.29	19.86	7.01	6.71	6.86	6.88	5.40
Debt to NOPAT	14.12	15.62	16.89	8.20	74.26	16.47	15.01	14.62	15.96	12.76
Net Debt to NOPAT	-1.34	-1.08	-0.09	-4.43	-15.93	4.42	3.93	1.44	2.95	0.34
Long-Term Debt to NOPAT	8.67	10.91	13.07	6.75	58.15	11.29	10.01	10.02	11.57	8.57
Noncontrolling Interest Sharing Ratio	11.32%	11.52%	11.82%	11.90%	11.92%	12.08%	12.49%	12.72%	12.32%	11.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41,605	-57,333	-9,642	96,252	66,688	39,915	18,835	38,460	-39,355	-34,956
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.97	-1.75	-1.06	24.59	8.37	2.12	1.29	4.11	-6.66	-8.79
Operating Cash Flow to Interest Expense	0.07	1.23	2.98	-2.94	0.26	0.36	2.46	1.99	0.17	4.00
Operating Cash Flow Less CapEx to Interest Expense	0.07	1.23	2.98	-2.94	0.26	0.36	2.46	1.99	0.17	4.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.05	0.04	0.05	0.05	0.05
Fixed Asset Turnover	8.41	9.38	8.79	9.07	8.16	9.53	9.73	10.29	10.36	9.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	462,950	484,590	408,228	385,208	457,661	520,687	540,396	536,355	552,355	490,955
Invested Capital Turnover	0.17	0.19	0.19	0.19	0.15	0.16	0.16	0.16	0.17	0.19
Increase / (Decrease) in Invested Capital	-21,640	76,362	23,020	-72,453	-63,026	-19,709	4,041	-16,000	61,400	58,232
Enterprise Value (EV)	226,461	173,919	168,158	94,802	78,111	312,037	297,557	304,512	311,915	246,077
Market Capitalization	232,714	173,291	147,902	177,596	114,278	200,337	183,607	245,707	221,357	215,147
Book Value per Share	$48.21	$45.79	$42.19	$42.02	$39.56	$39.15	$36.74	$36.87	$34.85	$33.44
Tangible Book Value per Share	$40.65	$38.86	$35.59	$35.71	$33.17	$32.91	$31.13	$31.48	$29.54	$28.44
Total Capital	462,950	484,590	408,228	385,208	457,661	520,687	540,396	536,355	552,355	490,955
Total Debt	281,884	297,147	226,015	195,098	271,949	332,703	343,330	328,276	351,858	297,064
Total Long-Term Debt	173,078	207,588	174,870	160,689	212,950	228,191	229,044	225,020	255,077	199,536
Net Debt	-26,807	-20,528	-1,178	-105,355	-58,335	89,313	89,836	32,304	65,091	7,823
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	243	-113	-299	1,690	285	0.00	0.00	0.00	107	382
Net Nonoperating Obligations (NNO)	281,884	297,147	226,015	195,098	271,949	332,703	343,330	328,276	351,858	297,064
Total Depreciation and Amortization (D&A)	7,558	6,271	6,832	7,890	8,219	6,573	5,593	5,406	4,970	3,288
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.43	$4.88	$3.17	$4.99	$0.42	$4.08	$4.31	$4.14	$4.03	$4.18
Adjusted Weighted Average Basic Shares Outstanding	3.43B	3.69B	3.81B	4.06B	4.12B	4.39B	4.80B	4.96B	5.05B	5.14B
Adjusted Diluted Earnings per Share	$5.37	$4.83	$3.14	$4.95	$0.41	$4.05	$4.28	$4.10	$3.99	$4.12
Adjusted Weighted Average Diluted Shares Outstanding	3.47B	3.72B	3.84B	4.10B	4.13B	4.43B	4.84B	5.02B	5.11B	5.21B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$4.08	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.29B	3.58B	3.79B	3.81B	4.13B	4.10B	4.55B	4.88B	5.00B	5.08B
Normalized Net Operating Profit after Tax (NOPAT)	19,965	19,029	13,378	23,799	2,803	20,206	22,876	22,460	22,045	23,276
Normalized NOPAT Margin	24.26%	23.04%	17.99%	30.06%	3.77%	23.27%	26.47%	25.41%	24.98%	27.05%
Pre Tax Income Margin	28.39%	26.19%	21.02%	37.34%	3.37%	29.90%	33.03%	30.97%	36.39%	39.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.54	0.66	1.72	7.55	0.31	1.38	1.95	2.93	5.44	8.46
NOPAT to Interest Expense	0.46	0.58	1.47	6.08	0.46	1.07	1.56	2.40	3.73	5.85
EBIT Less CapEx to Interest Expense	0.54	0.66	1.72	7.55	0.31	1.38	1.95	2.93	5.44	8.46
NOPAT Less CapEx to Interest Expense	0.46	0.58	1.47	6.08	0.46	1.07	1.56	2.40	3.73	5.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.60%	30.98%	38.70%	16.41%	181.88%	47.46%	40.72%	40.56%	41.20%	38.55%
Augmented Payout Ratio	130.21%	92.89%	82.81%	81.83%	283.00%	168.87%	130.91%	84.67%	78.19%	76.54%

This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.42%	-0.49%	-2.35%	0.76%	0.65%	2.22%	6.60%	20.50%	16.93%	-6.95%	3.89%
EBITDA Growth	-3.00%	50.22%	-1.56%	8.99%	0.11%	9.71%	32.08%	38.94%	14.61%	-58.06%	-30.27%
EBIT Growth	-4.67%	57.86%	-4.78%	5.61%	-4.43%	17.95%	46.27%	62.12%	25.34%	-67.36%	-35.37%
NOPAT Growth	3.92%	49.94%	-9.87%	0.12%	-5.27%	20.21%	60.94%	64.75%	24.55%	-58.05%	-34.06%
Net Income Growth	5.95%	47.39%	-11.32%	-0.57%	-7.45%	9.22%	60.55%	57.16%	31.76%	-49.58%	-29.87%
EPS Growth	15.83%	63.22%	-4.05%	6.40%	-2.44%	16.00%	72.09%	66.67%	35.16%	-50.33%	-26.50%
Operating Cash Flow Growth	8.97%	-51.08%	-72.87%	371.52%	-263.72%	151.24%	29.04%	-109.95%	3,621.61%	50.40%	349.81%
Free Cash Flow Firm Growth	67.45%	136.93%	89.57%	46.94%	42.14%	-262.45%	-568.46%	-219.44%	-197.44%	-125.31%	-78.46%
Invested Capital Growth	3.52%	-4.47%	2.83%	8.99%	9.54%	18.71%	21.54%	18.98%	18.74%	5.98%	-3.24%
Revenue Q/Q Growth	-1.12%	0.06%	-1.56%	-0.83%	1.88%	-1.82%	1.58%	-0.95%	3.47%	2.39%	14.82%
EBITDA Q/Q Growth	-2.48%	-8.11%	-1.41%	9.80%	51.02%	-39.78%	9.15%	0.85%	65.50%	-27.51%	14.82%
EBIT Q/Q Growth	-1.06%	-13.65%	1.20%	10.26%	63.84%	-47.92%	12.24%	-0.22%	102.21%	-35.41%	24.40%
NOPAT Q/Q Growth	-8.72%	1.80%	5.32%	6.19%	31.71%	-38.81%	16.99%	0.47%	67.12%	-18.07%	19.76%
Net Income Q/Q Growth	-3.64%	-0.68%	4.15%	6.30%	34.04%	-40.25%	16.79%	-1.06%	58.19%	-12.17%	14.32%
EPS Q/Q Growth	-2.11%	0.00%	6.77%	10.83%	37.93%	-41.22%	18.40%	1.63%	64.00%	-12.79%	14.67%
Operating Cash Flow Q/Q Growth	-223.96%	111.70%	105.17%	116.91%	-166.61%	17.39%	2,153.64%	-110.19%	2.22%	-39.71%	58.36%
Free Cash Flow Firm Q/Q Growth	-144.92%	435.78%	76.69%	7.45%	49.03%	5.14%	-18.56%	-0.92%	-219.33%	-222.61%	-69.77%
Invested Capital Q/Q Growth	7.21%	-3.33%	0.59%	-0.70%	-1.06%	4.05%	6.62%	-0.20%	7.22%	6.53%	4.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.65%	36.15%	39.36%	39.31%	35.50%	23.95%	39.05%	36.34%	35.69%	22.31%	31.51%
EBIT Margin	26.43%	26.42%	30.61%	29.77%	26.78%	16.65%	31.39%	28.41%	28.20%	14.43%	22.88%
Profit (Net Income) Margin	24.29%	24.92%	25.11%	23.73%	22.14%	16.83%	27.65%	24.05%	24.08%	15.75%	18.36%
Tax Burden Percent	91.89%	94.35%	82.03%	79.71%	82.67%	101.06%	88.09%	84.66%	85.37%	109.13%	80.25%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	9.80%	2.23%	17.07%	20.31%	17.25%	-2.93%	12.39%	15.94%	16.52%	-1.00%	20.38%
Return on Invested Capital (ROIC)	3.99%	4.49%	4.43%	4.31%	4.00%	3.17%	5.32%	4.80%	4.52%	2.73%	3.55%
ROIC Less NNEP Spread (ROIC-NNEP)	4.02%	4.42%	4.41%	4.31%	4.00%	3.15%	5.34%	4.82%	4.57%	2.84%	3.56%
Return on Net Nonoperating Assets (RNNOA)	6.70%	6.95%	6.93%	6.62%	6.02%	4.45%	7.22%	5.89%	5.53%	3.22%	3.95%
Return on Equity (ROE)	10.69%	11.44%	11.36%	10.92%	10.02%	7.63%	12.54%	10.69%	10.04%	5.95%	7.50%
Cash Return on Invested Capital (CROIC)	0.67%	8.78%	1.06%	-4.49%	-5.01%	-12.84%	-15.10%	-13.29%	-13.57%	-2.43%	7.76%
Operating Return on Assets (OROA)	1.10%	1.13%	1.32%	1.29%	1.15%	0.72%	1.36%	1.22%	1.14%	0.56%	0.91%
Return on Assets (ROA)	1.01%	1.06%	1.08%	1.03%	0.95%	0.73%	1.20%	1.04%	0.97%	0.61%	0.73%
Return on Common Equity (ROCE)	9.50%	10.14%	10.07%	9.72%	8.87%	6.75%	11.03%	9.41%	8.83%	5.25%	6.59%
Return on Equity Simple (ROE_SIMPLE)	11.04%	0.00%	9.87%	10.62%	10.37%	0.00%	10.43%	9.25%	8.21%	0.00%	9.52%
Net Operating Profit after Tax (NOPAT)	4,804	5,263	5,170	4,909	4,623	3,510	5,736	4,903	4,880	2,920	3,564
NOPAT Margin	23.84%	25.83%	25.39%	23.73%	22.16%	17.14%	27.50%	23.88%	23.54%	14.58%	18.22%
Net Nonoperating Expense Percent (NNEP)	-0.03%	0.06%	0.02%	0.00%	0.00%	0.02%	-0.01%	-0.02%	-0.05%	-0.11%	-0.01%
SG&A Expenses to Revenue	57.76%	55.87%	52.66%	51.56%	54.91%	54.97%	50.54%	50.86%	54.05%	8.99%	50.43%
Operating Expenses to Revenue	68.94%	68.21%	64.16%	64.25%	68.72%	77.09%	62.87%	63.25%	65.98%	80.79%	73.12%
Earnings before Interest and Taxes (EBIT)	5,326	5,383	6,234	6,160	5,587	3,410	6,547	5,833	5,846	2,891	4,476
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,184	7,367	8,017	8,132	7,406	4,904	8,144	7,461	7,398	4,470	6,166
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.45	1.17	1.29	1.28	1.04	0.45	0.96	0.84	0.92	0.92
Price to Tangible Book Value (P/TBV)	1.72	1.72	1.38	1.53	1.51	1.23	0.53	1.14	0.99	1.09	1.10
Price to Revenue (P/Rev)	2.89	2.83	2.33	2.48	2.51	2.10	0.88	1.91	1.75	1.99	1.90
Price to Earnings (P/E)	12.48	12.51	11.33	11.70	11.81	9.64	4.09	9.92	9.85	11.77	9.16
Dividend Yield	2.16%	2.15%	2.57%	2.38%	2.36%	2.72%	3.15%	2.92%	3.22%	2.83%	2.63%
Earnings Yield	8.01%	8.00%	8.82%	8.55%	8.47%	10.38%	24.47%	10.08%	10.15%	8.49%	10.91%
Enterprise Value to Invested Capital (EV/IC)	0.54	0.49	0.45	0.44	0.39	0.36	0.19	0.48	0.42	0.41	0.39
Enterprise Value to Revenue (EV/Rev)	3.25	2.75	2.62	2.50	2.25	2.11	1.08	2.58	2.35	2.26	1.97
Enterprise Value to EBITDA (EV/EBITDA)	8.65	7.32	7.58	7.26	6.68	6.23	3.22	8.18	7.77	7.49	5.23
Enterprise Value to EBIT (EV/EBIT)	11.49	9.69	10.08	9.56	8.72	8.04	4.19	10.95	10.82	10.76	6.94
Enterprise Value to NOPAT (EV/NOPAT)	13.18	11.34	11.84	11.05	9.93	9.14	4.80	12.82	12.68	12.57	8.60
Enterprise Value to Operating Cash Flow (EV/OCF)	64.40	74.62	17.48	8.78	8.95	4.31	3.01	8.05	5.31	6.22	6.08
Enterprise Value to Free Cash Flow (EV/FCFF)	81.55	5.44	42.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.71	1.56	1.59	1.67	1.62	1.59	1.55	1.40	1.39	1.24	1.15
Long-Term Debt to Equity	0.95	0.96	0.98	1.01	1.03	1.11	1.04	0.94	0.95	0.96	0.88
Financial Leverage	1.67	1.57	1.57	1.54	1.51	1.42	1.35	1.22	1.21	1.13	1.11
Leverage Ratio	10.69	10.48	10.43	10.60	10.51	10.32	10.50	10.39	10.49	10.28	10.37
Compound Leverage Factor	10.69	10.48	10.43	10.60	10.51	10.32	10.50	10.39	10.49	10.28	10.37
Debt to Total Capital	63.15%	60.89%	61.37%	62.58%	61.90%	61.32%	60.84%	58.35%	58.14%	55.36%	53.44%
Short-Term Debt to Total Capital	28.16%	23.50%	23.36%	24.96%	22.74%	18.48%	20.04%	19.29%	18.51%	12.53%	12.63%
Long-Term Debt to Total Capital	34.99%	37.39%	38.01%	37.62%	39.16%	42.84%	40.80%	39.06%	39.63%	42.84%	40.82%
Preferred Equity to Total Capital	3.75%	4.02%	3.89%	3.49%	3.88%	4.01%	4.18%	4.45%	4.44%	4.76%	5.23%
Noncontrolling Interests to Total Capital	0.37%	0.42%	0.36%	0.36%	0.36%	0.35%	0.36%	0.40%	0.47%	0.49%	0.58%
Common Equity to Total Capital	32.74%	34.67%	34.38%	33.57%	33.86%	34.32%	34.63%	36.80%	36.95%	39.38%	40.74%
Debt to EBITDA	10.21	9.12	10.33	10.42	10.63	10.65	10.31	10.00	10.87	10.06	7.15
Net Debt to EBITDA	0.29	-0.87	0.10	-0.57	-1.49	-0.74	-0.18	1.30	1.06	-0.05	-0.58
Long-Term Debt to EBITDA	5.66	5.60	6.40	6.27	6.73	7.44	6.92	6.69	7.41	7.79	5.46
Debt to NOPAT	15.56	14.12	16.14	15.87	15.81	15.62	15.37	15.67	17.75	16.89	11.76
Net Debt to NOPAT	0.45	-1.34	0.16	-0.87	-2.22	-1.08	-0.27	2.03	1.73	-0.09	-0.95
Long-Term Debt to NOPAT	8.62	8.67	9.99	9.54	10.00	10.91	10.31	10.49	12.10	13.07	8.98
Noncontrolling Interest Sharing Ratio	11.15%	11.32%	11.29%	10.98%	11.43%	11.52%	12.02%	12.03%	12.06%	11.82%	12.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12,086	26,903	-8,012	-34,370	-37,136	-72,852	-76,799	-64,777	-64,186	-20,100	16,394
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-1.28	2.63	-0.71	-3.14	-3.50	-7.24	-8.54	-8.45	-10.66	-4.61	6.84
Operating Cash Flow to Interest Expense	-1.16	0.87	0.37	0.19	-1.14	1.81	1.73	-0.10	1.23	1.66	5.02
Operating Cash Flow Less CapEx to Interest Expense	-1.16	0.87	0.37	0.19	-1.14	1.81	1.73	-0.10	1.23	1.66	5.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	8.25	8.41	8.90	9.19	9.27	9.38	9.64	9.61	9.16	8.79	8.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	496,342	462,950	478,920	476,118	479,452	484,590	465,738	436,839	437,693	408,228	383,203
Invested Capital Turnover	0.17	0.17	0.17	0.18	0.18	0.19	0.19	0.20	0.19	0.19	0.19
Increase / (Decrease) in Invested Capital	16,890	-21,640	13,182	39,279	41,759	76,362	82,535	69,680	69,066	23,020	-12,830
Enterprise Value (EV)	265,524	226,461	215,606	207,497	186,419	173,919	88,488	208,590	181,851	168,158	149,796
Market Capitalization	236,059	232,714	192,279	205,483	207,700	173,291	72,344	154,327	135,602	147,902	144,020
Book Value per Share	$49.41	$48.21	$48.37	$45.84	$45.60	$45.79	$44.20	$42.84	$42.63	$42.19	$41.16
Tangible Book Value per Share	$41.79	$40.65	$40.98	$38.62	$38.53	$38.86	$37.30	$36.13	$35.99	$35.59	$34.53
Total Capital	496,342	462,950	478,920	476,118	479,452	484,590	465,738	436,839	437,693	408,228	383,203
Total Debt	313,436	281,884	293,909	297,970	296,778	297,147	283,365	254,887	254,473	226,015	204,794
Total Long-Term Debt	173,660	173,078	182,015	179,136	187,764	207,588	190,035	170,632	173,466	174,870	156,412
Net Debt	9,041	-26,807	2,973	-16,312	-41,620	-20,528	-4,962	33,054	24,749	-1,178	-16,501
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-90	184	56	-1.00	4.00	64	-31	-35	-111	-235	-28
Net Nonoperating Obligations (NNO)	313,436	281,884	293,909	297,970	296,778	297,147	283,365	254,887	254,473	226,015	204,794
Total Depreciation and Amortization (D&A)	1,858	1,984	1,783	1,972	1,819	1,494	1,597	1,628	1,552	1,579	1,690
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.41	$1.44	$1.43	$1.35	$1.21	$0.89	$1.49	$1.26	$1.24	$0.76	$0.86
Adjusted Weighted Average Basic Shares Outstanding	3.28B	3.43B	3.38B	3.45B	3.56B	3.69B	3.65B	3.70B	3.79B	3.81B	3.80B
Adjusted Diluted Earnings per Share	$1.39	$1.42	$1.42	$1.33	$1.20	$0.87	$1.48	$1.25	$1.23	$0.75	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	3.32B	3.47B	3.43B	3.49B	3.60B	3.72B	3.68B	3.72B	3.82B	3.84B	3.83B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.25B	3.29B	3.33B	3.40B	3.49B	3.58B	3.63B	1.82B	3.75B	3.79B	3.81B
Normalized Net Operating Profit after Tax (NOPAT)	4,804	5,263	5,170	4,909	4,623	2,387	5,736	4,903	4,880	2,024	3,564
Normalized NOPAT Margin	23.84%	25.83%	25.39%	23.73%	22.16%	11.66%	27.50%	23.88%	23.54%	10.10%	18.22%
Pre Tax Income Margin	26.43%	26.42%	30.61%	29.77%	26.78%	16.65%	31.39%	28.41%	28.20%	14.43%	22.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.56	0.53	0.55	0.56	0.53	0.34	0.73	0.76	0.97	0.66	1.87
NOPAT to Interest Expense	0.51	0.52	0.46	0.45	0.44	0.35	0.64	0.64	0.81	0.67	1.49
EBIT Less CapEx to Interest Expense	0.56	0.53	0.55	0.56	0.53	0.34	0.73	0.76	0.97	0.66	1.87
NOPAT Less CapEx to Interest Expense	0.51	0.52	0.46	0.45	0.44	0.35	0.64	0.64	0.81	0.67	1.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.63%	31.60%	34.33%	32.73%	32.22%	30.98%	30.75%	33.80%	36.77%	38.70%	29.64%
Augmented Payout Ratio	116.38%	130.21%	132.72%	117.26%	105.93%	92.89%	81.18%	81.97%	63.86%	82.81%	107.35%

Frequently Asked Questions About Wells Fargo & Company's Financials

When does Wells Fargo & Company's financial year end?

According to the most recent income statement we have on file, Wells Fargo & Company's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Wells Fargo & Company's net income changed over the last 9 years?

Wells Fargo & Company's net income appears to be on a downward trend, with a most recent value of $19.72 billion in 2024, falling from $22.89 billion in 2015. The previous period was $19.14 billion in 2023. See Wells Fargo & Company's forecast for analyst expectations on what’s next for the company.

How has Wells Fargo & Company revenue changed over the last 9 years?

Over the last 9 years, Wells Fargo & Company's total revenue changed from $86.06 billion in 2015 to $82.30 billion in 2024, a change of -4.4%.

How much debt does Wells Fargo & Company have?

Wells Fargo & Company's total liabilities were at $1.75 trillion at the end of 2024, a 0.2% increase from 2023, and a 9.7% increase since 2015.

How much cash does Wells Fargo & Company have?

In the past 9 years, Wells Fargo & Company's cash and equivalents has ranged from $19.11 billion in 2015 to $37.08 billion in 2024, and is currently $37.08 billion as of their latest financial filing in 2024.

How has Wells Fargo & Company's book value per share changed over the last 9 years?

Over the last 9 years, Wells Fargo & Company's book value per share changed from 33.44 in 2015 to 48.21 in 2024, a change of 44.2%.

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This page (NYSE:WFC) was last updated on 5/28/2025 by MarketBeat.com Staff

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Wells Fargo & Company (WFC) Financials

Frequently Asked Questions About Wells Fargo & Company's Financials

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Wells Fargo & Company (WFC) Financials

Annual Income Statements for Wells Fargo & Company

Quarterly Income Statements for Wells Fargo & Company

Annual Cash Flow Statements for Wells Fargo & Company

Quarterly Cash Flow Statements for Wells Fargo & Company

Annual Balance Sheets for Wells Fargo & Company

Quarterly Balance Sheets for Wells Fargo & Company

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Quarterly Metrics And Ratios for Wells Fargo & Company

Frequently Asked Questions About Wells Fargo & Company's Financials

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