Wells Fargo & Company (WFC) Financials

$86.62 +1.65 (+1.94%)

As of 08/28/2026 03:58 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	21,470	20,373	20,554	20,689	18,103	1,786	20,818	12,562	17,982	18,606	20,285
Consolidated Net Income / (Loss)	22,894	21,938	22,460	22,876	20,206	3,377	22,109	13,677	19,029	19,965	21,358
Net Income / (Loss) Continuing Operations	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965	21,358
Total Pre-Tax Income	33,641	32,120	27,377	28,538	25,967	2,505	29,563	15,629	21,636	23,364	25,199
Total Revenue	86,057	88,267	88,389	86,408	86,832	74,264	79,166	74,368	82,597	82,296	83,699
Net Interest Income / (Expense)	45,301	47,754	49,557	49,995	47,303	39,956	35,779	44,950	52,375	47,676	47,484
Total Interest Income	49,277	53,663	58,909	64,647	66,155	47,919	39,694	54,024	85,118	90,777	87,314
Loans and Leases Interest Income	37,379	40,327	42,224	44,891	45,110	35,177	29,499	38,228	57,155	57,895	54,737
Investment Securities Interest Income	8,937	11,879	13,745	15,398	15,917	11,788	9,861	12,488	12,320	13,001	13,975
Deposits and Money Market Investments Interest Income	-	-	-	-	-	-	-	-	6,973	9,182	5,757
Federal Funds Sold and Securities Borrowed Interest Income	-	-	-	-	-	-	-	-	3,374	4,021	5,046
Trading Account Interest Income	1,971	-	-	-	-	-	-	-	4,228	5,541	6,698
Other Interest Income	990	1,457	2,940	4,358	5,128	954	334	3,308	1,068	1,137	1,101
Total Interest Expense	3,976	5,909	9,352	14,652	18,852	7,963	3,915	9,074	32,743	43,101	39,830
Deposits Interest Expense	963	1,395	3,013	5,622	8,635	2,804	388	2,349	16,503	24,282	20,449
Long-Term Debt Interest Expense	2,592	3,830	5,157	6,703	7,350	4,721	3,173	5,505	12,215	13,283	11,310
Federal Funds Purchased and Securities Sold Interest Expense	-	-	-	-	-	-	-	-	3,313	4,766	6,907
Other Interest Expense	357	354	424	610	551	438	395	638	712	770	1,164
Total Non-Interest Income	40,756	40,513	38,832	36,413	39,529	34,308	43,387	29,418	30,222	34,620	36,215
Other Service Charges	19,713	16,693	15,024	8,403	2,715	31,598	4,956	1,383	25,774	29,104	30,968
Net Realized & Unrealized Capital Gains on Investments	3,796	2,655	2,800	2,225	3,976	2,710	7,264	1,461	4,448	5,516	5,247
Provision for Credit Losses	2,442	3,770	2,528	1,744	2,687	14,129	-4,155	1,534	5,399	4,334	3,658
Total Non-Interest Expense	49,974	52,377	58,484	56,126	58,178	57,630	53,758	57,205	55,562	54,598	54,842
Salaries and Employee Benefits	26,235	26,799	27,805	33,085	35,128	-	35,541	34,340	35,829	35,729	36,281
Net Occupancy & Equipment Expense	4,949	5,009	5,086	5,791	6,221	6,362	6,195	6,256	6,804	7,635	8,354
Marketing Expense	-	-	-	857	1,076	600	600	505	812	869	1,094
Other Operating Expenses	16,571	18,209	23,154	16,393	15,753	49,169	11,422	16,104	12,117	10,365	9,113
Income Tax Expense	10,365	10,075	4,917	5,662	5,761	-1,157	5,764	2,251	2,607	3,399	3,841
Preferred Stock Dividends Declared	1,424	1,565	1,629	1,704	1,612	1,591	1,291	1,115	1,160	1,116	1,053
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	277	483	491	-	-	-	-113	243	20
Basic Earnings per Share	$4.18	$4.03	$4.14	$4.31	$4.12	$0.43	$5.13	$3.30	$4.88	$5.43	$6.34
Weighted Average Basic Shares Outstanding	5.14B	5.05B	4.96B	4.80B	4.39B	4.12B	4.06B	3.81B	3.69B	3.43B	3.20B
Diluted Earnings per Share	$4.12	$3.99	$4.10	$4.28	$4.09	$0.43	$5.08	$3.27	$4.83	$5.37	$6.26
Weighted Average Diluted Shares Outstanding	5.21B	5.11B	5.02B	4.84B	4.43B	4.13B	4.10B	3.84B	3.72B	3.47B	3.24B
Weighted Average Basic & Diluted Shares Outstanding	5.14B	5.06B	4.96B	4.80B	4.10B	4.13B	3.81B	3.79B	3.58B	3.29B	3.09B
Cash Dividends to Common per Share	$1.48	$1.52	$1.54	$1.64	$1.92	$1.22	$0.60	$1.10	$1.30	$1.50	$1.70

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	3,160	4,313	4,640	4,852	4,801	4,616	5,214	5,341	5,114	5,000	6,160
Consolidated Net Income / (Loss)	3,446	4,619	4,910	5,170	5,079	4,894	5,494	5,609	5,361	5,253	6,407
Net Income / (Loss) Continuing Operations	3,510	4,623	4,909	5,170	5,263	4,804	5,522	5,609	5,423	5,290	6,645
Total Pre-Tax Income	3,410	5,587	6,160	6,234	5,383	5,326	6,438	6,909	6,526	5,981	8,047
Total Revenue	20,478	20,863	20,689	20,366	20,378	20,149	20,822	21,436	21,292	21,446	22,622
Net Interest Income / (Expense)	12,771	12,227	11,923	11,690	11,836	11,495	11,708	11,950	12,331	12,096	12,317
Total Interest Income	22,839	22,840	22,884	22,998	22,055	20,973	21,320	22,419	22,602	22,445	23,284
Loans and Leases Interest Income	15,052	14,827	14,699	14,747	14,113	13,357	13,573	14,098	13,455	13,809	14,301
Investment Securities Interest Income	4,276	4,412	4,666	4,786	4,855	3,321	3,455	5,272	-1,176	3,544	3,708
Deposits and Money Market Investments Interest Income	-	-	-	-	-	1,473	1,353	-	-	1,268	1,351
Federal Funds Sold and Securities Borrowed Interest Income	-	-	-	-	-	1,062	1,107	-	-	1,738	1,733
Trading Account Interest Income	-	-	-	-	-	1,521	1,580	-	-	1,860	1,904
Other Interest Income	3,511	3,601	3,519	3,465	3,087	239	252	3,049	-7,178	226	287
Total Interest Expense	10,068	10,613	10,961	11,308	10,219	9,478	9,612	10,469	10,271	10,349	10,967
Deposits Interest Expense	5,329	5,811	6,149	6,445	5,877	5,209	5,061	5,188	4,991	4,974	5,516
Long-Term Debt Interest Expense	3,329	3,349	3,164	3,163	2,787	2,823	2,855	2,593	3,526	2,666	2,681
Federal Funds Purchased and Securities Sold Interest Expense	-	-	-	-	-	1,252	1,429	-	-	2,234	2,253
Other Interest Expense	226	235	271	265	274	194	267	349	160	475	517
Total Non-Interest Income	7,707	8,636	8,766	8,676	8,542	8,654	9,114	9,486	8,961	9,350	10,305
Other Service Charges	202	230	243	7,428	294	332	3,814	7,871	22,535	201	3,617
Net Realized & Unrealized Capital Gains on Investments	1,105	1,447	1,522	1,248	1,217	894	1,495	1,615	1,360	1,523	2,241
Other Non-Interest Income	6,400	6,959	7,001	-	7,031	7,428	3,805	-	-	7,626	4,447
Provision for Credit Losses	1,282	938	1,236	1,065	1,095	932	1,005	681	1,040	1,135	914
Total Non-Interest Expense	15,786	14,338	13,293	13,067	13,900	13,891	13,379	13,846	13,726	14,330	13,661
Salaries and Employee Benefits	9,181	9,492	8,575	8,591	9,071	9,474	8,709	9,021	9,077	9,593	8,851
Net Occupancy & Equipment Expense	1,816	1,767	1,869	1,928	2,071	1,984	2,053	2,103	2,214	2,175	2,260
Marketing Expense	259	197	224	205	243	181	266	295	352	369	361
Other Operating Expenses	4,530	2,882	2,625	2,343	2,515	2,252	2,351	2,427	2,083	2,193	2,189
Income Tax Expense	-100	964	1,251	1,064	120	522	916	1,300	1,103	691	1,402
Other Adjustments to Consolidated Net Income / (Loss)	-64	-4.00	1.00	-	-184	90	-28	-	-	-37	-238
Preferred Stock Dividends Declared	286	306	270	262	278	278	280	248	247	253	247
Basic Earnings per Share	$0.89	$1.21	$1.35	$1.43	$1.44	$1.41	$1.61	$1.68	$1.64	$1.62	$2.02
Weighted Average Basic Shares Outstanding	3.69B	3.56B	3.45B	3.38B	3.43B	3.28B	3.23B	3.18B	3.20B	3.08B	3.04B
Diluted Earnings per Share	$0.87	$1.20	$1.33	$1.42	$1.42	$1.39	$1.60	$1.66	$1.61	$1.60	$2.00
Weighted Average Diluted Shares Outstanding	3.72B	3.60B	3.49B	3.43B	3.47B	3.32B	3.27B	3.22B	3.24B	3.12B	3.07B
Weighted Average Basic & Diluted Shares Outstanding	3.58B	3.49B	3.40B	3.33B	3.29B	3.25B	3.20B	3.14B	3.09B	3.06B	3.02B

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-460	-18,120	-5,453	-42,660	-32,037	123,362	-30,382	-75,073	76,895	-34,150	-29,309
Net Cash From Operating Activities	15,904	1,008	18,619	36,073	6,730	2,051	-11,525	27,048	40,358	3,035	-19,001
Net Cash From Continuing Operating Activities	15,904	1,008	18,619	36,073	6,730	2,051	-11,525	27,048	40,358	3,035	-19,001
Net Income / (Loss) Continuing Operations	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965	21,358
Consolidated Net Income / (Loss)	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965	21,358
Provision For Loan Losses	2,442	3,770	2,528	-	2,687	14,129	-4,155	1,534	5,399	4,334	3,658
Depreciation Expense	3,288	4,970	5,406	5,593	6,573	8,219	7,890	6,832	6,271	7,558	7,713
Non-Cash Adjustments to Reconcile Net Income	-49,569	-82,074	-44,871	-37,873	-44,691	-48,024	-71,012	-25,342	4,734	-5,882	2,101
Changes in Operating Assets and Liabilities, net	36,467	52,297	33,096	45,477	21,955	24,065	31,953	30,646	4,925	-22,940	-53,831
Net Cash From Investing Activities	-107,235	-141,919	-13,152	-7,754	-29,631	122,554	-7,619	-42,476	16,043	-15,651	-187,895
Net Cash From Continuing Investing Activities	-107,235	-141,919	-13,152	-7,754	-29,631	122,554	-7,619	-42,476	16,043	-15,651	-187,895
Purchase of Investment Securities	-178,336	-226,269	-112,122	-87,207	-94,129	-93,788	-214,772	-49,384	-37,333	-104,863	-81,878
Sale and/or Maturity of Investments	85,381	100,996	119,833	81,107	87,793	184,999	209,956	81,124	54,414	97,571	63,309
Net Increase in Fed Funds Sold	-11,866	-15,747	-21,497	-1,184	-21,933	36,468	-551	-704	-12,729	-27,022	-88,599
Other Investing Activities, net	-2,414	-899	634	-470	-1,362	-5,125	-2,252	-73,512	11,691	18,663	-80,727
Net Cash From Financing Activities	90,871	122,791	-10,920	-70,979	-9,136	-1,243	-11,238	-59,645	20,494	-21,534	177,587
Net Cash From Continuing Financing Activities	90,871	122,791	-10,920	-70,979	-9,136	-1,243	-11,238	-59,645	20,494	-21,534	177,587
Net Change in Deposits	54,867	82,767	29,912	-48,034	36,137	81,755	78,582	-98,494	-25,812	13,631	54,507
Issuance of Debt	77,040	88,913	57,595	50,126	52,106	-7,377	-23,315	70,301	40,432	30,165	46,959
Issuance of Preferred Equity	2,972	2,101	677	0.00	0.00	3,116	5,756	0.00	1,722	1,997	0.00
Repayment of Debt	-27,333	-34,462	-80,802	-40,813	-60,996	-65,347	-47,134	-19,587	-22,886	-55,582	-34,470
Repurchase of Preferred Equity	-	0.00	0.00	-2,150	-1,550	-3,602	-6,675	0.00	-1,725	-2,840	-2,000
Repurchase of Common Equity	-8,697	-8,116	-9,908	-20,633	-24,533	-3,415	-14,464	-6,033	-11,851	-19,448	-17,516
Payment of Dividends	-8,826	-9,038	-9,109	-9,314	-9,589	-6,142	-3,627	-5,293	-5,930	-6,232	-6,484
Other Financing Activities, Net	-878	-789	-496	-793	-711	-231	-361	-539	46,544	16,775	136,591
Cash Interest Paid	3,816	5,573	9,103	14,366	18,834	8,414	4,384	8,289	30,431	43,619	39,806

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	19,336	32,544	-37,816	-46,652	17,774	-25,724	16,955	-20,617	77	680	28,188
Net Cash From Operating Activities	18,202	-12,125	2,050	4,206	8,904	-11,037	-11,216	-869	4,121	9,143	6,775
Net Cash From Continuing Operating Activities	18,202	-12,125	2,050	4,206	8,904	-11,037	-11,216	-869	4,121	9,143	6,775
Net Income / (Loss) Continuing Operations	3,510	4,623	4,909	5,170	5,263	4,804	5,522	5,609	5,423	5,290	6,645
Consolidated Net Income / (Loss)	3,510	4,623	4,909	5,170	5,263	4,804	5,522	5,609	5,423	5,290	6,645
Provision For Loan Losses	1,282	938	1,236	1,065	1,095	932	1,005	681	1,040	1,135	914
Depreciation Expense	1,494	1,819	1,972	1,783	1,984	1,858	1,893	1,839	2,123	1,836	1,877
Non-Cash Adjustments to Reconcile Net Income	6,965	-3,233	-2,906	4,763	-6,264	2,484	389	-3,600	2,575	-1,497	1,245
Changes in Operating Assets and Liabilities, net	4,951	-16,272	-3,161	-8,575	6,826	-21,115	-20,025	-5,398	-7,040	2,379	-3,906
Net Cash From Investing Activities	-4,231	21,095	-14,584	-21,098	-1,064	-27,508	8,048	-82,865	-85,570	-55,567	-29,870
Net Cash From Continuing Investing Activities	-4,231	21,095	-14,584	-21,098	-1,064	-27,508	8,048	-82,865	-85,570	-55,567	-29,870
Purchase of Investment Securities	-16,187	-21,023	-19,786	-29,611	-48,281	-17,684	-17,764	-28,867	-17,563	-23,617	-40,515
Sale and/or Maturity of Investments	10,985	17,905	17,596	31,046	31,024	14,277	16,072	16,492	16,468	22,037	20,025
Net Increase in Fed Funds Sold	-10,025	11,705	-13,360	-23,131	-2,236	-21,500	22,015	-49,761	-39,353	-21,670	10,254
Other Investing Activities, net	10,996	12,508	966	598	18,429	-2,601	-12,275	-20,729	-45,122	-32,317	-19,634
Net Cash From Financing Activities	5,365	23,574	-25,282	-29,760	9,934	12,821	20,123	63,117	81,526	47,104	51,283
Net Cash From Continuing Financing Activities	5,365	23,574	-25,282	-29,760	9,934	12,821	20,123	63,117	81,526	47,104	51,283
Net Change in Deposits	4,163	24,974	-17,253	-16,248	22,158	-10,076	-21,025	26,658	58,950	28,737	46,466
Issuance of Debt	11,856	34,047	15,924	-2,762	515	8,720	60,234	53,410	-104,995	25,612	4,196
Repayment of Debt	-6,638	-26,605	-14,335	-7,836	-6,806	-9,618	-12,324	-9,344	-3,184	-1,326	-11,995
Repurchase of Common Equity	-2,350	-6,001	-6,012	-3,435	-4,000	-3,500	-3,016	-6,000	-5,000	-4,000	-3,015
Payment of Dividends	-1,610	-1,474	-1,536	-1,590	-1,632	-1,567	-1,592	-1,679	-1,646	-1,635	-1,613
Other Financing Activities, Net	-56	-527	-70	114	-301	28,862	-154	72	137,401	980	17,244
Cash Interest Paid	9,549	10,385	11,167	11,535	10,532	9,791	9,938	9,966	10,111	9,730	10,879

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,787,632	1,930,115	1,951,757	1,895,883	1,927,555	1,952,911	1,948,068	1,881,020	1,932,468	1,929,845	2,148,631
Cash and Due from Banks	19,111	20,729	23,367	23,551	21,757	28,236	24,616	34,596	33,026	37,080	39,182
Federal Funds Sold	270,130	266,038	80,025	80,207	102,140	65,672	66,223	68,036	80,456	105,330	193,929
Interest Bearing Deposits at Other Banks	-	-	192,580	149,736	119,493	236,376	209,614	124,561	204,193	166,281	135,028
Trading Account Securities	430,026	496,842	548,091	567,774	499,836	417,725	383,490	294,041	308,245	607,895	482,440
Loans and Leases, Net of Allowance	905,014	956,185	945,766	943,335	1,056,766	869,121	-12,490	942,886	922,076	898,562	972,370
Loans and Leases	916,559	967,604	956,770	953,110	1,066,317	887,637	-	955,871	936,682	912,745	986,167
Allowance for Loan and Lease Losses	11,545	11,419	11,004	9,775	9,551	18,516	-	12,985	14,606	14,183	13,797
Premises and Equipment, Net	8,704	8,333	8,847	8,920	9,309	8,895	8,571	8,350	9,266	10,297	11,395
Goodwill	25,529	26,693	26,587	26,418	26,390	26,392	25,180	25,173	25,175	25,167	24,967
Other Assets	109,236	128,906	105,293	95,942	91,864	300,494	1,230,374	383,377	350,031	79,233	289,320
Total Liabilities & Shareholders' Equity	1,787,632	1,930,115	1,951,757	1,895,883	1,927,555	1,952,911	1,948,068	1,881,020	1,932,468	1,929,845	2,148,631
Total Liabilities	1,593,741	1,729,618	1,743,678	1,698,817	1,739,571	1,767,199	1,757,958	1,698,807	1,745,025	1,748,779	1,965,593
Non-Interest Bearing Deposits	351,579	375,967	373,722	349,534	344,496	467,068	527,748	458,010	360,279	383,616	365,368
Interest Bearing Deposits	871,733	930,112	962,269	936,636	978,130	937,313	954,731	925,975	997,894	988,188	1,060,839
Federal Funds Purchased and Securities Sold	-	-	-	-	-	-	-	-	-	95,235	232,687
Short-Term Debt	97,528	96,781	103,256	114,286	104,512	58,999	34,409	51,145	89,559	2,704	18,323
Long-Term Debt	199,536	255,077	225,020	229,044	228,191	212,950	160,689	174,870	207,588	173,078	174,712
Other Long-Term Liabilities	73,365	71,681	79,411	-	84,242	90,869	80,381	88,807	89,705	105,958	113,664
Total Equity & Noncontrolling Interests	193,891	200,497	208,079	197,066	187,984	185,712	190,110	182,213	187,443	181,066	183,038
Total Preferred & Common Equity	192,998	199,581	206,936	196,166	187,146	184,680	187,606	180,227	185,735	179,120	181,117
Preferred Stock	22,214	24,551	25,358	23,214	21,549	21,136	20,057	19,448	19,448	18,608	16,608
Total Common Equity	170,784	175,030	181,578	172,952	165,597	163,544	167,549	160,779	166,287	160,512	164,509
Common Stock	69,850	69,370	70,029	69,821	70,185	69,333	69,332	69,455	69,691	69,953	70,424
Retained Earnings	120,866	133,075	145,263	158,163	166,697	162,683	180,322	187,968	201,136	214,198	228,873
Treasury Stock	-18,867	-22,713	-29,892	-47,194	-68,831	-67,791	-79,757	-82,853	-92,960	-111,463	-128,115
Accumulated Other Comprehensive Income / (Loss)	297	-3,137	-2,144	-6,336	-1,311	194	-1,702	-13,362	-11,580	-12,176	-6,673
Noncontrolling Interest	893	916	1,143	900	838	1,032	2,504	1,986	1,708	1,946	1,921

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	1,909,261	1,932,468	1,959,153	1,940,073	1,922,125	1,929,845	1,950,311	1,981,269	2,062,926	2,205,752	2,282,201
Cash and Due from Banks	30,815	33,026	30,180	32,701	33,530	37,080	35,256	35,081	34,801	33,543	42,161
Federal Funds Sold	70,431	80,456	68,751	82,259	105,390	105,330	126,830	104,815	154,576	215,599	205,345
Interest Bearing Deposits at Other Banks	187,081	204,193	239,467	199,322	152,016	166,281	142,309	159,480	139,524	141,241	161,214
Trading Account Securities	304,942	308,245	330,251	356,314	371,448	371,099	389,816	412,541	467,600	485,710	535,872
Loans and Leases, Net of Allowance	927,870	922,076	908,363	903,547	895,381	898,562	899,813	910,457	929,358	1,002,923	1,017,210
Loans and Leases	942,424	936,682	922,784	917,907	909,711	912,745	913,842	924,418	943,102	1,016,787	1,031,115
Allowance for Loan and Lease Losses	14,554	14,606	14,421	14,360	14,330	14,183	14,029	13,961	13,744	13,864	13,905
Premises and Equipment, Net	8,559	9,266	9,426	9,648	9,955	10,297	10,357	10,768	11,040	11,499	11,631
Goodwill	25,174	25,175	25,173	25,172	25,173	25,167	25,066	25,071	25,069	24,965	24,963
Other Assets	354,389	350,031	347,542	331,110	329,232	316,029	320,864	323,056	300,958	290,272	283,805
Total Liabilities & Shareholders' Equity	1,909,261	1,932,468	1,959,153	1,940,073	1,922,125	1,929,845	1,950,311	1,981,269	2,062,926	2,205,752	2,282,201
Total Liabilities	1,726,888	1,745,025	1,776,479	1,761,925	1,737,114	1,748,779	1,767,405	1,798,315	1,879,914	2,025,439	2,099,878
Non-Interest Bearing Deposits	384,330	360,279	356,162	348,525	370,005	383,616	377,443	370,844	366,814	365,712	370,116
Interest Bearing Deposits	969,680	997,894	1,026,985	1,017,369	979,641	988,188	984,285	969,859	1,000,547	1,089,227	1,131,289
Federal Funds Purchased and Securities Sold	-	-	-	-	-	-	-	-	-	234,371	251,804
Short-Term Debt	93,330	89,559	109,014	118,834	111,894	108,806	139,776	187,995	230,649	32,282	25,168
Long-Term Debt	190,035	207,588	187,764	179,136	182,015	173,078	173,660	176,237	177,773	183,941	182,139
Other Long-Term Liabilities	89,513	89,705	96,554	98,061	93,559	95,091	92,241	93,380	104,131	119,906	139,362
Total Equity & Noncontrolling Interests	182,373	187,443	182,674	178,148	185,011	181,066	182,906	182,954	183,012	180,313	182,323
Total Preferred & Common Equity	180,715	185,735	180,943	176,430	183,265	179,120	181,090	181,111	181,154	178,396	180,190
Preferred Stock	19,448	19,448	18,608	16,608	18,608	18,608	18,608	16,608	16,608	15,348	15,348
Total Common Equity	161,267	166,287	162,335	159,822	164,657	160,512	162,482	164,503	164,546	163,048	164,842
Common Stock	69,501	69,691	69,267	69,509	69,759	69,953	69,411	69,805	70,152	69,988	70,328
Retained Earnings	199,287	201,136	203,870	207,281	210,749	214,198	217,405	221,308	225,189	232,459	237,230
Treasury Stock	-91,215	-92,960	-98,256	-104,247	-107,479	-111,463	-114,336	-117,244	-123,148	-131,477	-134,439
Accumulated Other Comprehensive Income / (Loss)	-15,877	-11,580	-12,546	-12,721	-8,372	-12,176	-9,998	-9,366	-7,647	-7,922	-8,277
Noncontrolling Interest	1,658	1,708	1,731	1,718	1,746	1,946	1,816	1,843	1,858	1,917	2,133

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.18	$4.03	$4.14	$4.31	$4.08	$0.42	$4.99	$3.17	$4.88	$5.43	$6.34
Adjusted Weighted Average Basic Shares Outstanding	5.14B	5.05B	4.96B	4.80B	4.39B	4.12B	4.06B	3.81B	3.69B	3.43B	3.20B
Adjusted Diluted Earnings per Share	$4.12	$3.99	$4.10	$4.28	$4.05	$0.41	$4.95	$3.14	$4.83	$5.37	$6.26
Adjusted Weighted Average Diluted Shares Outstanding	5.21B	5.11B	5.02B	4.84B	4.43B	4.13B	4.10B	3.84B	3.72B	3.47B	3.24B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.08	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.08B	5.00B	4.88B	4.55B	4.10B	4.13B	3.81B	3.79B	3.58B	3.29B	3.09B
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	3,085,635,641.00	3,060,189,494.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	3,085,635,641.00	3,060,189,494.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	1.70	2.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.22%	0.65%	0.76%	-2.35%	-0.49%	-3.42%	0.64%	5.25%	-	6.44%	8.64%
EBITDA Growth	9.71%	0.11%	8.99%	-1.56%	50.22%	-3.00%	2.45%	9.12%	-	8.81%	19.12%
EBIT Growth	17.95%	-4.43%	5.61%	-4.78%	57.86%	-4.67%	4.51%	10.83%	-	12.30%	24.99%
NOPAT Growth	20.21%	-5.27%	0.12%	-9.87%	49.94%	3.92%	12.49%	8.49%	-	10.12%	20.34%
Net Income Growth	9.22%	-7.45%	-0.57%	-11.32%	47.39%	5.95%	11.89%	8.49%	-	7.34%	16.62%
EPS Growth	16.00%	-2.44%	6.40%	-4.05%	63.22%	15.83%	20.30%	16.90%	-	15.11%	25.00%
Operating Cash Flow Growth	151.24%	-263.72%	371.52%	-72.87%	-51.08%	8.97%	-647.12%	-120.66%	-	182.84%	160.40%
Free Cash Flow Firm Growth	-262.45%	42.14%	46.94%	89.57%	136.93%	67.45%	-90.71%	-1,234.31%	-	969.57%	350.51%
Invested Capital Growth	18.71%	9.54%	8.99%	2.83%	-4.47%	3.52%	14.93%	23.49%	-	-20.11%	-28.79%
Revenue Q/Q Growth	-1.82%	1.88%	-0.83%	-1.56%	0.06%	-1.12%	3.34%	2.95%	-	0.72%	5.48%
EBITDA Q/Q Growth	-39.78%	51.02%	9.80%	-1.41%	-8.11%	-2.48%	15.97%	5.01%	-	-9.62%	26.95%
EBIT Q/Q Growth	-47.92%	63.84%	10.26%	1.20%	-13.65%	-1.06%	20.88%	7.32%	-	-8.35%	34.54%
NOPAT Q/Q Growth	-38.81%	31.71%	6.19%	5.32%	1.80%	-8.72%	14.95%	1.58%	-	-2.45%	25.61%
Net Income Q/Q Growth	-40.25%	34.04%	6.30%	4.15%	-0.68%	-3.64%	12.26%	2.09%	-	-2.01%	21.97%
EPS Q/Q Growth	-41.22%	37.93%	10.83%	6.77%	0.00%	-2.11%	15.11%	3.75%	-	-0.62%	25.00%
Operating Cash Flow Q/Q Growth	17.39%	-166.61%	116.91%	105.17%	111.70%	-223.96%	-1.62%	92.25%	-	121.86%	-25.90%
Free Cash Flow Firm Q/Q Growth	5.14%	49.03%	7.45%	76.69%	435.78%	-144.92%	-442.33%	-63.10%	-	861.45%	56.24%
Invested Capital Q/Q Growth	4.05%	-1.06%	-0.70%	0.59%	-3.33%	7.21%	10.24%	8.09%	-	5.44%	-1.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	23.95%	35.50%	39.31%	39.36%	36.15%	35.65%	40.01%	40.81%	-	36.45%	43.87%
EBIT Margin	16.65%	26.78%	29.77%	30.61%	26.42%	26.43%	30.92%	32.23%	-	27.89%	35.57%
Profit (Net Income) Margin	16.83%	22.14%	23.73%	25.11%	24.92%	24.29%	26.39%	26.17%	-	24.49%	28.32%
Tax Burden Percent	101.06%	82.67%	79.71%	82.03%	94.35%	91.89%	85.34%	81.18%	-	87.83%	79.62%
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	-2.93%	17.25%	20.31%	17.07%	2.23%	9.80%	14.23%	18.82%	-	11.55%	17.42%
Return on Invested Capital (ROIC)	3.17%	4.00%	4.31%	4.43%	4.49%	3.99%	4.24%	4.05%	-	4.70%	5.44%
ROIC Less NNEP Spread (ROIC-NNEP)	3.15%	4.00%	4.31%	4.41%	4.42%	4.02%	4.23%	4.05%	-	4.68%	5.36%
Return on Net Nonoperating Assets (RNNOA)	4.45%	6.02%	6.62%	6.93%	6.95%	6.70%	7.75%	7.72%	-	6.83%	8.39%
Return on Equity (ROE)	7.63%	10.02%	10.92%	11.36%	11.44%	10.69%	11.99%	11.77%	-	11.52%	13.83%
Cash Return on Invested Capital (CROIC)	-12.84%	-5.01%	-4.49%	1.06%	8.78%	0.67%	-9.83%	-17.06%	-	27.25%	38.54%
Operating Return on Assets (OROA)	0.72%	1.15%	1.29%	1.32%	1.13%	1.10%	1.29%	1.34%	-	1.14%	1.45%
Return on Assets (ROA)	0.73%	0.95%	1.03%	1.08%	1.06%	1.01%	1.10%	1.09%	-	1.00%	1.15%
Return on Common Equity (ROCE)	6.75%	8.87%	9.72%	10.07%	10.14%	9.50%	10.77%	10.53%	-	10.33%	12.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.37%	10.62%	9.87%	0.00%	11.04%	11.36%	11.60%	-	12.17%	12.56%
Net Operating Profit after Tax (NOPAT)	3,510	4,623	4,909	5,170	5,263	4,804	5,522	5,609	-	5,290	6,645
NOPAT Margin	17.14%	22.16%	23.73%	25.39%	25.83%	23.84%	26.52%	26.17%	-	24.67%	29.37%
Net Nonoperating Expense Percent (NNEP)	0.02%	0.00%	0.00%	0.02%	0.06%	-0.03%	0.01%	0.00%	-	0.01%	0.08%
SG&A Expenses to Revenue	54.97%	54.91%	51.56%	52.66%	55.87%	57.76%	52.96%	53.27%	-	56.59%	50.71%
Operating Expenses to Revenue	77.09%	68.72%	64.25%	64.16%	68.21%	68.94%	64.25%	64.59%	-	66.82%	60.39%
Earnings before Interest and Taxes (EBIT)	3,410	5,587	6,160	6,234	5,383	5,326	6,438	6,909	-	5,981	8,047
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,904	7,406	8,132	8,017	7,367	7,184	8,331	8,748	-	7,817	9,924
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	1.28	1.29	1.17	1.45	1.45	1.58	1.63	-	1.51	1.53
Price to Tangible Book Value (P/TBV)	1.23	1.51	1.53	1.38	1.72	1.72	1.87	1.93	-	1.78	1.81
Price to Revenue (P/Rev)	2.10	2.51	2.48	2.33	2.83	2.89	3.19	3.24	-	2.89	2.91
Price to Earnings (P/E)	9.64	11.81	11.70	11.33	12.51	12.48	13.38	13.44	-	11.88	11.70
Dividend Yield	2.72%	2.36%	2.38%	2.57%	2.15%	2.16%	2.00%	1.97%	-	2.20%	2.18%
Earnings Yield	10.38%	8.47%	8.55%	8.82%	8.00%	8.01%	7.47%	7.44%	-	8.41%	8.55%
Enterprise Value to Invested Capital (EV/IC)	0.36	0.39	0.44	0.45	0.49	0.54	0.63	0.62	-	0.22	0.18
Enterprise Value to Revenue (EV/Rev)	2.11	2.25	2.50	2.62	2.75	3.25	4.21	4.43	-	1.04	0.79
Enterprise Value to EBITDA (EV/EBITDA)	6.23	6.68	7.26	7.58	7.32	8.65	11.13	11.59	-	2.65	1.96
Enterprise Value to EBIT (EV/EBIT)	8.04	8.72	9.56	10.08	9.69	11.49	14.71	15.24	-	3.43	2.51
Enterprise Value to NOPAT (EV/NOPAT)	9.14	9.93	11.05	11.84	11.34	13.18	16.57	17.29	-	4.06	3.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.31	8.95	8.78	17.48	74.62	64.40	0.00	0.00	-	75.28	3.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	42.86	5.44	81.55	0.00	0.00	-	0.73	0.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.62	1.67	1.59	1.56	1.71	1.99	2.23	-	1.20	1.14
Long-Term Debt to Equity	1.11	1.03	1.01	0.98	0.96	0.95	0.96	0.97	-	1.02	1.00
Financial Leverage	1.42	1.51	1.54	1.57	1.57	1.67	1.83	1.91	-	1.46	1.56
Leverage Ratio	10.32	10.51	10.60	10.43	10.48	10.69	10.86	10.83	-	11.44	11.67
Compound Leverage Factor	10.32	10.51	10.60	10.43	10.48	10.69	10.86	10.83	-	11.44	11.67
Debt to Total Capital	61.32%	61.90%	62.58%	61.37%	60.89%	63.15%	66.56%	69.06%	-	54.53%	53.21%
Short-Term Debt to Total Capital	18.48%	22.74%	24.96%	23.36%	23.50%	28.16%	34.36%	39.00%	-	8.14%	6.46%
Long-Term Debt to Total Capital	42.84%	39.16%	37.62%	38.01%	37.39%	34.99%	32.21%	30.06%	-	46.39%	46.75%
Preferred Equity to Total Capital	4.01%	3.88%	3.49%	3.89%	4.02%	3.75%	3.04%	2.81%	-	3.87%	3.94%
Noncontrolling Interests to Total Capital	0.35%	0.36%	0.36%	0.36%	0.42%	0.37%	0.34%	0.31%	-	0.48%	0.55%
Common Equity to Total Capital	34.32%	33.86%	33.57%	34.38%	34.67%	32.74%	30.06%	27.82%	-	41.12%	42.31%
Debt to EBITDA	10.65	10.63	10.42	10.33	9.12	10.21	11.79	12.91	-	6.45	5.90
Net Debt to EBITDA	-0.74	-1.49	-0.57	0.10	-0.87	0.29	2.10	2.51	-	-5.19	-5.73
Long-Term Debt to EBITDA	7.44	6.73	6.27	6.40	5.60	5.66	5.70	5.62	-	5.48	5.18
Debt to NOPAT	15.62	15.81	15.87	16.14	14.12	15.56	17.55	19.27	-	9.90	9.03
Net Debt to NOPAT	-1.08	-2.22	-0.87	0.16	-1.34	0.45	3.12	3.75	-	-7.97	-8.77
Long-Term Debt to NOPAT	10.91	10.00	9.54	9.99	8.67	8.62	8.49	8.39	-	8.42	7.93
Noncontrolling Interest Sharing Ratio	11.52%	11.43%	10.98%	11.29%	11.32%	11.15%	10.18%	10.55%	-	10.38%	9.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-72,852	-37,136	-34,370	-8,012	26,903	-12,086	-65,546	-106,905	-	105,096	164,201
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	-7.24	-3.50	-3.14	-0.71	2.63	-1.28	-6.82	-10.21	-	10.16	14.97
Operating Cash Flow to Interest Expense	1.81	-1.14	0.19	0.37	0.87	-1.16	-1.17	-0.08	-	0.88	0.62
Operating Cash Flow Less CapEx to Interest Expense	1.81	-1.14	0.19	0.37	0.87	-1.16	-1.17	-0.08	-	0.88	0.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	-	0.04	0.04
Fixed Asset Turnover	9.38	9.27	9.19	8.90	8.41	8.25	8.01	7.89	-	7.78	7.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	484,590	479,452	476,118	478,920	462,950	496,342	547,186	591,434	-	396,536	389,630
Invested Capital Turnover	0.19	0.18	0.18	0.17	0.17	0.17	0.16	0.15	-	0.19	0.19
Increase / (Decrease) in Invested Capital	76,362	41,759	39,279	13,182	-21,640	16,890	71,068	112,514	-	-99,806	-157,556
Enterprise Value (EV)	173,919	186,419	207,497	215,606	226,461	265,524	344,032	366,499	-	88,752	68,962
Market Capitalization	173,291	207,700	205,483	192,279	232,714	236,059	260,725	268,512	-	245,647	252,894
Book Value per Share	$45.79	$45.60	$45.84	$48.37	$48.21	$49.41	$50.55	$51.37	-	$52.84	$53.87
Tangible Book Value per Share	$38.86	$38.53	$38.62	$40.98	$40.65	$41.79	$42.85	$43.54	-	$44.75	$45.71
Total Capital	484,590	479,452	476,118	478,920	462,950	496,342	547,186	591,434	-	396,536	389,630
Total Debt	297,147	296,778	297,970	293,909	281,884	313,436	364,232	408,422	-	216,223	207,307
Total Long-Term Debt	207,588	187,764	179,136	182,015	173,078	173,660	176,237	177,773	-	183,941	182,139
Net Debt	-20,528	-41,620	-16,312	2,973	-26,807	9,041	64,856	79,521	-	-174,160	-201,413
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)	64	4.00	-1.00	56	184	-90	28	0.00	-	37	238
Net Nonoperating Obligations (NNO)	297,147	296,778	297,970	293,909	281,884	313,436	364,232	408,422	-	216,223	207,307
Total Depreciation and Amortization (D&A)	1,494	1,819	1,972	1,783	1,984	1,858	1,893	1,839	-	1,836	1,877
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$1.21	$1.35	$1.43	$1.44	$1.41	$1.61	$1.68	$1.64	$1.62	$2.02
Adjusted Weighted Average Basic Shares Outstanding	3.69B	3.56B	3.45B	3.38B	3.43B	3.28B	3.23B	3.18B	3.20B	3.08B	3.04B
Adjusted Diluted Earnings per Share	$0.87	$1.20	$1.33	$1.42	$1.42	$1.39	$1.60	$1.66	$1.61	$1.60	$2.00
Adjusted Weighted Average Diluted Shares Outstanding	3.72B	3.60B	3.49B	3.43B	3.47B	3.32B	3.27B	3.22B	3.24B	3.12B	3.07B
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	3.58B	3.49B	3.40B	3.33B	3.29B	3.25B	3.20B	3.14B	3.09B	3.06B	3.02B
Normalized Net Operating Profit after Tax (NOPAT)	2,387	4,623	4,909	5,170	5,263	4,804	5,522	5,609	-	5,290	6,645
Normalized NOPAT Margin	11.66%	22.16%	23.73%	25.39%	25.83%	23.84%	26.52%	26.17%	-	24.67%	29.37%
Pre Tax Income Margin	16.65%	26.78%	29.77%	30.61%	26.42%	26.43%	30.92%	32.23%	-	27.89%	35.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.34	0.53	0.56	0.55	0.53	0.56	0.67	0.66	-	0.58	0.73
NOPAT to Interest Expense	0.35	0.44	0.45	0.46	0.52	0.51	0.57	0.54	-	0.51	0.61
EBIT Less CapEx to Interest Expense	0.34	0.53	0.56	0.55	0.53	0.56	0.67	0.66	-	0.58	0.73
NOPAT Less CapEx to Interest Expense	0.35	0.44	0.45	0.46	0.52	0.51	0.57	0.54	-	0.51	0.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.98%	32.22%	32.73%	34.33%	31.60%	31.63%	31.00%	30.78%	-	30.17%	29.05%
Augmented Payout Ratio	92.89%	105.93%	117.26%	132.72%	130.21%	116.38%	98.79%	109.35%	-	113.13%	108.65%

Financials Breakdown Chart

Key Financial Trends

Wells Fargo & Company’s latest statements show a generally improving earnings profile, supported by stronger fee income, loan growth and ongoing share repurchases. However, the balance sheet is expanding rapidly, while cash flow remains volatile and the allowance for loan losses has not grown as quickly as loans.

Net income reached a new high in the provided period. Consolidated net income increased to $6.6 billion in Q2 2026, up from $5.3 billion in Q1 2026 and $5.5 billion in Q2 2025. This is also well above the $2.9 billion reported in Q4 2022.
Earnings per share have benefited from higher profits and a smaller share count. Diluted EPS rose to $2.00 in Q2 2026, compared with $1.60 in Q2 2025 and $1.25 in Q2 2023. Diluted weighted-average shares declined from 3.72 billion in Q4 2023 to 3.07 billion in Q2 2026, reflecting the impact of substantial buybacks.
Revenue growth has broadened beyond net interest income. Q2 2026 revenue was $22.6 billion, up from $20.8 billion in Q2 2025 and $20.3 billion in Q2 2024. Net interest income increased modestly to $12.3 billion, while non-interest income reached $10.3 billion, supported by service charges, investment gains and other fee-based activities.
Wells Fargo is showing better operating leverage. Q2 2026 non-interest expense was $13.7 billion, only about 2% higher than the restated $13.4 billion in Q2 2025, while revenue grew approximately 9%. Salaries and employee benefits also declined to $8.9 billion from $9.5 billion year over year.
Loan and deposit balances continue to expand. Gross loans and leases increased to $1.03 trillion at June 30, 2026, from $924.4 billion at June 30, 2025. Total deposits reached approximately $1.50 trillion, up from $1.34 trillion over the same period, supporting the bank’s lending capacity and funding base.
Operating cash flow improved sharply in 2026. Net cash from operating activities was $9.1 billion in Q1 2026 and $6.8 billion in Q2 2026, compared with negative operating cash flow of $11.2 billion in Q2 2025 and negative $0.9 billion in Q3 2025. The improvement suggests less pressure from changes in operating assets and liabilities.
Capital returns remain significant but reduce common equity. Wells Fargo repurchased $3.0 billion of common stock and paid $1.6 billion in common dividends during Q2 2026. These actions support per-share results, but treasury stock increased to a negative $134.4 billion, limiting reported common equity growth.
The balance sheet has expanded considerably. Total assets rose to $2.28 trillion in Q2 2026 from $1.88 trillion in Q2 2023. Much of the expansion has occurred in trading securities, federal funds sold and other liquid assets, which may provide flexibility but can also increase sensitivity to market conditions and funding costs.
Cash flow continues to rely heavily on financing activity. Q2 2026 investing cash flow was negative $29.9 billion, while financing cash flow was positive $51.3 billion. The financing inflow was supported by a $46.5 billion increase in deposits and other financing activity, indicating that balance-sheet growth is not being funded solely by internally generated cash.
Credit-loss coverage has gradually weakened relative to loan growth. The allowance for loan and lease losses was $13.9 billion against $1.03 trillion of gross loans in Q2 2026, or roughly 1.35% of loans. The allowance has increased only modestly from $13.6 billion in Q2 2025 while loans grew by more than 11%, leaving investors exposed to the possibility of higher provisions if credit conditions deteriorate.

Overall, the statements point to a stronger earnings trajectory for Wells Fargo, with Q2 2026 producing record-level net income and EPS in the supplied data. The main issues for investors to monitor are the sustainability of non-interest income, the bank’s dependence on deposit and debt funding to support asset growth, and whether loan-loss reserves remain adequate as the loan portfolio expands.

08/30/26 03:32 AM ETAI Generated. May Contain Errors.

Wells Fargo & Company Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Wells Fargo & Company's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Wells Fargo & Company's net income appears to be on a downward trend, with a most recent value of $21.36 billion in 2025, falling from $22.89 billion in 2015. The previous period was $19.97 billion in 2024. Find out what analysts predict for Wells Fargo & Company in the coming months.

Over the last 10 years, Wells Fargo & Company's total revenue changed from $86.06 billion in 2015 to $83.70 billion in 2025, a change of -2.7%.

Wells Fargo & Company's total liabilities were at $1.97 trillion at the end of 2025, a 12.4% increase from 2024, and a 23.3% increase since 2015.

In the past 10 years, Wells Fargo & Company's cash and equivalents has ranged from $19.11 billion in 2015 to $39.18 billion in 2025, and is currently $39.18 billion as of their latest financial filing in 2025.

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Financial statements for NYSE:WFC last updated on 7/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Wells Fargo & Company (WFC) Financials

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Wells Fargo & Company (WFC) Financials

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