WFC
Wells Fargo & Company
NYSE: WFC · FINANCIAL SERVICES · BANKS - DIVERSIFIED
$82.23
+0.88% today
Updated 2026-04-29
Market cap
$249.77B
P/E ratio
12.60
P/S ratio
3.08x
EPS (TTM)
$6.47
Dividend yield
2.15%
52W range
$71 – $97
Volume
17.7M
Wells Fargo & Company (WFC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.24B | $52.86B | $52.39B | $98.45B | $92.47B | $86.11B | $89.76B | $86.60B | $85.99B | $87.80B | $94.18B | $97.74B | $101.06B | $105.68B | $82.23B | $83.08B | $83.44B | $77.20B | $125.40B | $123.53B |
| Revenue growth (YoY) | — | +11.9% | -0.9% | +87.9% | -6.1% | -6.9% | +4.2% | -3.5% | -0.7% | +2.1% | +7.3% | +3.8% | +3.4% | +4.6% | -22.2% | +1.0% | +0.4% | -7.5% | +62.4% | -1.5% |
| Cost of revenue | $14.49B | $19.14B | $25.73B | $31.62B | $23.79B | $14.55B | $12.38B | $6.60B | $5.42B | $6.42B | $9.68B | $11.88B | $16.40B | $21.54B | $22.09B | $-240.00M | $10.61B | $-5.40B | $47.44B | $43.49B |
| Gross profit | $32.75B | $33.72B | $26.66B | $66.83B | $68.68B | $71.57B | $77.38B | $80.00B | $80.57B | $81.39B | $84.50B | $85.86B | $84.66B | $84.14B | $60.13B | $83.32B | $72.83B | $77.20B | $77.96B | $80.04B |
| Gross margin | 69.3% | 63.8% | 50.9% | 67.9% | 74.3% | 83.1% | 86.2% | 92.4% | 93.7% | 92.7% | 89.7% | 87.8% | 83.8% | 79.6% | 73.1% | 100.3% | 87.3% | 100.0% | 62.2% | 64.8% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | $1.32B |
| SG&A | $11.93B | $13.40B | $13.06B | $28.32B | $28.41B | $28.93B | $30.16B | $31.10B | $30.87B | $31.65B | $33.06B | $36.01B | $33.09B | $35.13B | $34.81B | $35.54B | $35.09B | $35.83B | $36.36B | $39.43B |
| Operating income | $12.65B | $11.84B | $3.30B | $18.00B | $19.00B | $23.66B | $28.47B | $32.63B | $33.91B | $33.64B | $32.12B | $27.38B | $28.54B | $25.97B | $2.50B | $29.56B | $15.63B | $28.67B | $23.36B | $25.20B |
| Operating margin | 26.8% | 22.4% | 6.3% | 18.3% | 20.5% | 27.5% | 31.7% | 37.7% | 39.4% | 38.3% | 34.1% | 28.0% | 28.2% | 24.6% | 3.0% | 35.6% | 18.7% | 37.1% | 18.6% | 20.4% |
| EBITDA | $15.87B | $13.37B | $4.97B | $20.84B | $20.93B | $25.86B | $31.28B | $35.92B | $36.43B | $36.93B | $37.09B | $32.78B | $34.13B | $32.54B | $10.72B | $37.45B | $22.46B | $27.91B | $30.92B | $29.35B |
| EBITDA margin | 33.6% | 25.3% | 9.5% | 21.2% | 22.6% | 30.0% | 34.8% | 41.5% | 42.4% | 42.1% | 39.4% | 33.5% | 33.8% | 30.8% | 13.0% | 45.1% | 26.9% | 36.1% | 24.7% | 23.8% |
| EBIT | $12.65B | $11.84B | $3.30B | $18.00B | $19.00B | $23.66B | $28.47B | $32.63B | $33.91B | $33.64B | $32.12B | $27.38B | $28.54B | $25.97B | $2.50B | $29.56B | $15.63B | $21.64B | $23.36B | $25.20B |
| Interest expense | $12.29B | $14.20B | $9.76B | $9.95B | $8.04B | $6.65B | $5.16B | $4.29B | $4.03B | $3.98B | $5.91B | $9.35B | $14.65B | $18.85B | $7.96B | $3.92B | $9.07B | $32.74B | $43.10B | $39.83B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $8.42B | $8.06B | $2.65B | $12.28B | $12.36B | $15.87B | $18.90B | $21.88B | $23.06B | $22.89B | $21.94B | $22.18B | $22.39B | $19.71B | $3.38B | $22.11B | $13.68B | $19.14B | $19.72B | $21.34B |
| Net income growth (YoY) | — | -4.3% | -67.0% | +362.3% | +0.7% | +28.4% | +19.1% | +15.8% | +5.4% | -0.7% | -4.2% | +1.1% | +0.9% | -12.0% | -82.9% | +554.7% | -38.1% | +40.0% | +3.0% | +8.2% |
| Profit margin | 17.8% | 15.2% | 5.1% | 12.5% | 13.4% | 18.4% | 21.1% | 25.3% | 26.8% | 26.1% | 23.3% | 22.7% | 22.2% | 18.7% | 4.1% | 26.6% | 16.4% | 24.8% | 15.7% | 17.3% |