Financials in USD. Standardized financial statements.
A compact view of how Wells Fargo & Company turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $123.53B | $125.40B | $115.34B | $83.44B | $83.08B | $82.23B | $105.68B | $101.06B | $97.74B | $94.18B |
| Revenue Growth? | -1.5% | +8.7% | +38.2% | +0.4% | +1.0% | -22.2% | +4.6% | +3.4% | +3.8% | 0.0% |
| Cost of Revenue? | $43.49B | $47.44B | $38.14B | $10.61B | -$240.00M | $22.09B | $21.54B | $16.40B | $11.88B | $9.68B |
| Gross Profit? | $80.04B | $77.96B | $77.20B | $72.83B | $83.32B | $60.13B | $84.14B | $84.66B | $85.86B | $84.50B |
| Gross Margin? | +64.8% | +62.2% | +66.9% | +87.3% | +100.3% | +73.1% | +79.6% | +83.8% | +87.8% | +89.7% |
| Operating Expenses? | $54.84B | $54.60B | $55.56B | $57.20B | $53.76B | $57.63B | $58.18B | $56.13B | $58.48B | $52.38B |
| Operating Income? | $25.20B | $23.36B | $21.64B | $15.63B | $29.56B | $2.50B | $25.97B | $28.54B | $27.38B | $32.12B |
| EBITDA? | $29.35B | $30.92B | $27.91B | $22.46B | $37.45B | $10.72B | $32.54B | $34.13B | $32.78B | $37.09B |
| Income Before Tax | $25.20B | $23.36B | $21.64B | $15.63B | $29.56B | $2.50B | $25.97B | $28.54B | $27.38B | $32.12B |
| Income Tax Expense | $3.84B | $3.40B | $2.61B | $2.25B | $5.76B | -$1.16B | $5.76B | $5.66B | $4.92B | $10.07B |
| Net Income? | $21.34B | $19.72B | $19.14B | $13.68B | $22.11B | $3.38B | $19.71B | $22.39B | $22.18B | $21.94B |
| EPS? | $6.39 | $5.43 | $4.88 | $3.17 | $4.99 | $0.42 | $4.12 | $4.31 | $4.14 | $4.03 |
| Diluted EPS? | $6.32 | $5.37 | $4.83 | $3.14 | $4.99 | $0.41 | $4.09 | $4.28 | $4.10 | $3.99 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality