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Wells Fargo & Company (WFC) Financials

Wells Fargo & Company logo
$87.26 +0.01 (+0.01%)
Closing price 08/7/2026 03:59 PM Eastern
Extended Trading
$87.38 +0.13 (+0.14%)
As of 08/7/2026 07:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Wells Fargo & Company

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

Quarterly Income Statements for Wells Fargo & Company

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

Annual Cash Flow Statements for Wells Fargo & Company

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

Quarterly Cash Flow Statements for Wells Fargo & Company

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

Annual Balance Sheets for Wells Fargo & Company

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

Quarterly Balance Sheets for Wells Fargo & Company

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

Annual Metrics And Ratios for Wells Fargo & Company

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		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Wells Fargo & Company

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’s latest quarter shows solid profitability, but with some signs of pressure beneath the surface. In Q1 2026, the bank earned $5.29 billion in continuing operations, up from $5.11 billion in Q4 2025 and $4.80 billion in Q1 2025. Revenue also remained strong at $21.45 billion, with net interest income of $12.10 billion. However, operating cash flow dropped sharply year over year, and the balance sheet shows a mix of strength and elevated funding/debt usage.

  • Profitability remains strong: Q1 2026 net income from continuing operations of $5.29 billion was solid and remained near recent quarterly highs.
  • Revenue growth was stable: Total revenue rose to $21.45 billion in Q1 2026, slightly above both Q4 2025 and Q2 2025 levels.
  • Net interest income improved quarter over quarter: NII increased to $12.10 billion from $12.33 billion in Q4 2025 and was up from $11.70 billion in Q3 2025, showing relatively resilient spread income.
  • Credit losses provision was manageable: Provision for credit losses came in at $1.135 billion, below the $1.236 billion level in Q2 2025 and well below some earlier periods.
  • Share count is trending lower: Basic and diluted shares outstanding were lower than a year ago, supporting EPS growth and shareholder returns.
  • Deposits remain enormous: Total deposits were still above $1.45 trillion in Q1 2026, providing a large funding base.
  • Capital position looks large but not especially lean: Common equity was $163.0 billion and total equity was $180.3 billion, which appears substantial relative to assets.
  • Asset base expanded: Total assets increased to $2.21 trillion from $1.98 trillion in Q2 2025 and $1.93 trillion in Q4 2025.
  • Operating cash flow weakened sharply: Net cash from operating activities was only $9.14 billion in Q1 2026, down from $41.21 billion in Q4 2025 and far below the stronger levels seen in late 2024.
  • Financing activity was heavily debt-dependent: Wells Fargo raised $25.6 billion of debt in Q1 2026, which helped offset outflows but also points to continued reliance on wholesale funding.
  • Interest expense remains high: Cash interest paid was $9.73 billion in Q1 2026, highlighting ongoing pressure from funding costs.
  • Balance sheet leverage remains significant: Total liabilities were $2.03 trillion versus $180.3 billion of equity, a reminder that the business is still highly leveraged, as expected for a bank.

Longer-term trend: Since 2023, Wells Fargo has generally produced consistent quarterly earnings in the $3.5 billion to $5.6 billion range, and revenue has held up well. The bigger concern is cash flow volatility and the dependence on balance-sheet maneuvers, debt issuance, and deposit movements to support liquidity. The bank is still profitable and generating strong earnings, but investors should watch whether operating cash flow and funding costs stabilize.

08/10/26 03:26 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. Check out Wells Fargo & Company's forecast to explore projected trends and price targets.

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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