Wells Fargo & Company (WFC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 12.1B | 12.33B | 11.95B | 11.71B | 11.49B | 11.84B | 11.69B | 11.92B | 12.23B | 12.77B | 13.11B | 13.16B | 13.34B | 13.43B | 12.1B | 10.2B | 9.22B | 9.26B | 8.91B | 8.8B |
| NII Growth % | 5.23% | 4.18% | 2.22% | -1.8% | -5.99% | -7.32% | -10.8% | -9.42% | -8.32% | -4.93% | 8.32% | 29.07% | 44.63% | 45.03% | 35.8% | 15.89% | 4.69% | -0.14% | -5.01% | -11.04% |
| Net Interest Margin % | 0.55% | 0.57% | 0.58% | 0.59% | 0.59% | 0.61% | 0.61% | 0.61% | 0.62% | 0.66% | 0.69% | 0.7% | 0.71% | 0.71% | 0.64% | 0.54% | 0.48% | 0.48% | 0.46% | 0.45% |
| Interest Income | 22.45B | 22.6B | 22.42B | 21.32B | 20.97B | 22.05B | 23B | 22.88B | 22.84B | 22.84B | 22.09B | 20.83B | 19.36B | 17.79B | 14.49B | 11.56B | 10.18B | 10.12B | 9.83B | 9.69B |
| Interest Expense | 10.35B | 10.27B | 10.47B | 9.61B | 9.48B | 10.22B | 11.31B | 10.96B | 10.61B | 10.07B | 8.99B | 7.67B | 6.02B | 4.36B | 2.4B | 1.36B | 960M | 859M | 925M | 893M |
| Loan Loss Provision | 1.14B | 1.04B | 681M | 1B | 932M | 1.09B | 1.06B | 1.24B | 938M | 1.28B | 1.2B | 1.71B | 1.21B | 957M | 784M | 580M | -787M | -452M | -1.4B | -1.26B |
| Non-Interest Income | 9.35B | 9.21B | 9.49B | 8.86B | 8.65B | 8.54B | 8.68B | 8.77B | 8.64B | 7.71B | 7.75B | 7.37B | 7.39B | 6.23B | 7.47B | 6.84B | 8.51B | 11.59B | 9.93B | 11.47B |
| Non-Interest Income % | 29.41% | 28.96% | 29.73% | 29.36% | 29.21% | 27.92% | 27.39% | 27.7% | 27.44% | 25.23% | 25.97% | 26.13% | 27.64% | 25.92% | 34% | 37.19% | 45.52% | 53.39% | 50.23% | 54.2% |
| Total Revenue | 31.8B | 31.82B | 31.91B | 30.18B | 29.63B | 30.6B | 31.67B | 31.65B | 31.48B | 30.55B | 29.84B | 28.2B | 26.75B | 24.02B | 21.96B | 18.4B | 18.69B | 21.71B | 19.76B | 21.16B |
| Revenue Growth % | 7.32% | 3.98% | 0.73% | -4.64% | -5.87% | 0.17% | 6.13% | 12.23% | 17.67% | 27.17% | 35.89% | 53.28% | 43.13% | 10.61% | 11.15% | -13.07% | -5.47% | 12.64% | -4.77% | 4.73% |
| Non-Interest Expense | 14.46B | 13.98B | 13.85B | 13.13B | 13.89B | 13.9B | 13.07B | 13.29B | 14.34B | 15.79B | 13.11B | 12.99B | 13.68B | 16.2B | 14.31B | 12.86B | 13.85B | 13.2B | 13.3B | 13.34B |
| Efficiency Ratio | 45.48% | 43.94% | 43.4% | 43.49% | 46.89% | 45.43% | 41.25% | 42% | 45.55% | 51.68% | 43.94% | 46.05% | 51.13% | 67.45% | 65.14% | 69.91% | 74.12% | 60.78% | 67.33% | 63.04% |
| Operating Income | 5.85B | 6.53B | 6.91B | 6.44B | 5.33B | 5.38B | 6.23B | 6.16B | 5.59B | 3.41B | 6.55B | 5.83B | 5.85B | 2.5B | 4.48B | 3.6B | 4.66B | 8.11B | 6.93B | 8.19B |
| Operating Margin % | 18.4% | 20.51% | 21.65% | 21.33% | 17.98% | 17.59% | 19.68% | 19.46% | 17.75% | 11.16% | 21.94% | 20.68% | 21.86% | 10.41% | 20.38% | 19.56% | 24.96% | 37.35% | 35.05% | 38.69% |
| Operating Income Growth % | 9.86% | 21.23% | 10.83% | 4.51% | -4.67% | 57.86% | -4.78% | 5.61% | -4.43% | 36.35% | 46.27% | 62.12% | 25.34% | -69.16% | -35.37% | -56.06% | -16.58% | 145.61% | 108.74% | 241.21% |
| Pretax Income | 5.98B | 6.53B | 6.91B | 6.44B | 5.33B | 5.38B | 6.23B | 6.16B | 5.59B | 3.41B | 6.55B | 5.83B | 5.85B | 2.5B | 4.48B | 3.6B | 4.66B | 8.11B | 6.93B | 8.19B |
| Pretax Margin % | 18.81% | 20.51% | 21.65% | 21.33% | 17.98% | 17.59% | 19.68% | 19.46% | 17.75% | 11.16% | 21.94% | 20.68% | 21.86% | 10.41% | 20.38% | 19.56% | 24.96% | 37.35% | 35.05% | 38.69% |
| Income Tax | 728M | 1.1B | 1.3B | 916M | 522M | 120M | 1.06B | 1.25B | 964M | -100M | 811M | 930M | 966M | -127M | 912M | 622M | 746M | 1.71B | 1.52B | 1.45B |
| Effective Tax Rate % | 12.17% | 16.9% | 18.82% | 14.23% | 9.8% | 2.23% | 17.07% | 20.31% | 17.25% | -2.93% | 12.39% | 15.94% | 16.52% | -5.08% | 20.38% | 17.29% | 15.99% | 21.1% | 21.96% | 17.65% |
| Net Income | 5.29B | 5.36B | 5.59B | 5.49B | 4.89B | 5.08B | 5.11B | 4.91B | 4.62B | 3.45B | 5.77B | 4.94B | 4.99B | 2.86B | 3.59B | 3.14B | 3.79B | 5.75B | 5.12B | 6.04B |
| Net Margin % | 16.64% | 16.85% | 17.52% | 18.2% | 16.52% | 16.6% | 16.15% | 15.51% | 14.67% | 11.28% | 19.32% | 17.51% | 18.66% | 11.92% | 16.36% | 17.08% | 20.27% | 26.48% | 25.92% | 28.54% |
| Net Income Growth % | 8.09% | 5.55% | 9.29% | 11.89% | 5.95% | 47.39% | -11.32% | -0.57% | -7.45% | 20.32% | 60.55% | 57.16% | 31.76% | -50.19% | -29.87% | -47.98% | -18.29% | 92.18% | 59.27% | 257.05% |
| Net Income (Continuing) | 5.25B | 5.42B | 5.61B | 5.52B | 4.8B | 5.26B | 5.17B | 4.91B | 4.62B | 3.51B | 5.74B | 4.9B | 4.88B | 2.63B | 3.56B | 2.98B | 3.92B | 6.4B | 5.41B | 6.74B |
| EPS (Diluted) | 1.60 | 1.67 | 1.66 | 1.60 | 1.39 | 1.43 | 1.42 | 1.33 | 1.20 | 0.86 | 1.48 | 1.25 | 1.23 | 0.67 | 0.85 | 0.74 | 0.88 | 1.38 | 1.17 | 1.38 |
| EPS Growth % | 15.11% | 16.78% | 16.9% | 20.3% | 15.83% | 66.28% | -4.05% | 6.4% | -2.44% | 28.36% | 74.12% | 68.92% | 39.77% | -51.45% | -27.35% | -46.38% | -16.19% | 115.63% | 138.78% | 309.09% |
| EPS (Basic) | 1.62 | 1.69 | 1.68 | 1.61 | 1.41 | 1.45 | 1.43 | 1.35 | 1.21 | 0.87 | 1.49 | 1.26 | 1.24 | 0.68 | 0.86 | 0.75 | 0.89 | 1.39 | 1.18 | 1.39 |
| Diluted Shares Outstanding | 3.22B | 3.22B | 3.22B | 3.27B | 3.32B | 3.36B | 3.43B | 3.49B | 3.6B | 3.66B | 3.68B | 3.72B | 3.82B | 3.83B | 3.83B | 3.82B | 3.87B | 3.96B | 4.09B | 4.16B |