Wells Fargo & Company (WFC) Financial Statements & Analysis

Wells Fargo & Company (WFC) Income Statement

Wells Fargo & Company reported revenue of $83.70B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 33.3% from $125.40B a year earlier. Net income was $21.34B, up 8.2% year over year, a net margin of 25.5%. Gross margin was 95.6% and operating margin 30.1%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $20.84B, down 2.8% from the same quarter a year earlier.

Wells Fargo & Company Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Wells Fargo & Company income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	83.70	125.40	82.60	72.83	83.08	82.23	105.68	101.06	97.74
Cost of Revenue	43.49	47.44	38.14	10.61	-0.24	22.09	21.54	16.40	11.88
Gross Profit	80.04	77.96	77.20	72.83	83.32	60.14	84.15	84.66	85.86
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	37.98	37.23	37.34	11.95	36.14	35.41	36.20	33.94	36.62
Operating Expenses	54.84	54.60	55.56	57.21	53.76	57.63	58.18	56.13	58.48
Operating Income	25.20	23.36	21.64	15.63	29.56	2.51	25.97	28.54	27.38
Other Income/Expense
Interest Income	87.31	90.78	85.12	54.02	39.69	47.92	66.16	64.65	58.91
Interest Expense	39.83	43.10	32.74	9.07	3.92	7.96	18.85	14.65	9.35
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	25.20	23.36	21.64	15.63	29.56	2.51	25.97	28.54	27.38
Income Tax Expense	3.84	3.40	2.61	2.25	5.76	-1.16	5.76	5.66	4.92
Net Income	21.34	19.72	19.14	12.56	22.11	3.38	19.72	22.39	22.18
Net Income - Continuous Operations	21.36	19.72	19.03	13.38	22.11	3.38	19.72	22.39	22.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	7.71	30.92	6.27	6.83	37.45	10.72	32.54	34.13	32.78
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	7.71	7.56	6.27	6.83	7.89	8.22	6.57	5.59	5.41
Earnings Per Share
Basic EPS	6.00	5.00	5.00	3.00	5.00	-	4.00	4.00	4.00
Diluted EPS	6.00	5.00	5.00	3.00	5.00	-	4.00	4.00	4.00
Basic Shares Outstanding	3.20	3.43	3.69	3.81	4.06	4.12	4.39	4.80	4.96
Diluted Shares Outstanding	3.24	3.47	3.72	3.84	4.10	4.13	4.43	4.84	5.02

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Wells Fargo & Company Financial Statements

What was Wells Fargo & Company's revenue in fiscal 2025?

Wells Fargo & Company reported revenue of $83.70B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 33.3% from $125.40B a year earlier.

Is Wells Fargo & Company profitable?

Yes. Wells Fargo & Company earned net income of $21.34B in fiscal 2025, a net margin of 25.5%. In fiscal 2024 it earned $19.72B.

What is Wells Fargo & Company's operating margin?

Wells Fargo & Company's operating income was $25.20B on revenue of $83.70B in fiscal 2025, an operating margin of 30.1%, compared with 18.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition