Wells Fargo Co Financials
Wells Fargo Co (WFC) reported $83.7B in revenue for fiscal year 2025, up 1.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Thin asset returns on a massive balance sheet drive profits, while buybacks amplify the gain per share.
In the recent results, ROA stayed near1.0% even as ROE reached11.8% . That pairing shows Wells Fargo earns its money through thin returns applied to a huge, liability-funded balance sheet rather than through wide operating margins:$2.15T of assets supported$21.3B of net income, so small changes in asset profitability can meaningfully change shareholder returns.
The share count kept shrinking, from 3.58B to 3.09B. Because net income rose only from
Across the recent period, assets increased by
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Wells Fargo Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Wells Fargo Co, and counted as zero in the overall score.
Wells Fargo Co passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Wells Fargo Co used $0.89 of operating cash (-$19.0B OCF vs $21.3B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Wells Fargo Co generated $83.7B in revenue in fiscal year 2025. This represents an increase of 1.7% from the prior year.
Wells Fargo Co reported $21.3B in net income in fiscal year 2025. This represents an increase of 8.2% from the prior year.
Wells Fargo Co earned $6.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.6% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Wells Fargo Co held $172.6B in cash against $174.7B in long-term debt as of fiscal year 2025.
Wells Fargo Co paid $1.70 per share in dividends in fiscal year 2025. This represents an increase of 13.3% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Wells Fargo Co's net profit margin was 25.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Wells Fargo Co's ROE was 11.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Wells Fargo Co spent $17.5B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 9.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
WFC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.8B | $83.7B+1.7% | $82.3B-0.4% | $82.6B+11.1% | $74.4B-6.1% | $79.2B+6.6% | $74.3B-14.5% | $86.8B+0.5% | $86.4B-2.2% | $88.4B+0.1% | $88.3B+79.1% | $49.3B+3.6% | $47.6B+1.0% | $47.1B-2.7% | $48.4B-2.1% | $49.4B |
| SG&A Expenses | $36.5B | $36.3B+1.5% | $35.7B-0.3% | $35.8B-37.4% | $57.2B+6.4% | $53.8B-6.7% | $57.6B-0.9% | $58.2B+3.7% | $56.1B-4.0% | $58.5B+11.7% | $52.4B+4.8% | $50.0B+1.9% | $49.0B+0.4% | $48.8B-3.1% | $50.4B+82.2% | $27.7B |
| Interest Expense | $42.1B | $39.8B-7.6% | $43.1B+31.6% | $32.7B+260.8% | $9.1B+131.8% | $3.9B-50.8% | $8.0B-57.8% | $18.9B+28.7% | $14.7B+56.7% | $9.4B+58.3% | $5.9B+48.6% | $4.0B-1.2% | $4.0B-6.2% | $4.3B-16.9% | $5.2B-22.4% | $6.6B |
| Income Tax | $4.5B | $3.8B+13.0% | $3.4B+30.4% | $2.6B+15.8% | $2.3B-60.9% | $5.8B+598.2% | -$1.2B-120.1% | $5.8B+1.7% | $5.7B+15.2% | $4.9B-51.2% | $10.1B-2.8% | $10.4B+0.6% | $10.3B-0.9% | $10.4B+14.3% | $9.1B+22.3% | $7.4B |
| Net Income | $22.6B | $21.3B+8.2% | $19.7B+3.0% | $19.1B+40.0% | $13.7B-38.1% | $22.1B+554.7% | $3.4B-82.9% | $19.7B-12.0% | $22.4B+0.9% | $22.2B+1.1% | $21.9B-4.2% | $22.9B-0.7% | $23.1B+5.4% | $21.9B+15.8% | $18.9B+19.1% | $15.9B |
| EPS (Diluted) | — | $6.26+16.6% | $5.37+11.2% | $4.83+47.7% | $3.27-35.6% | $5.08 | $0.43 | $4.09-4.4% | $4.28+4.4% | $4.10+2.8% | $3.99-3.2% | $4.12+0.5% | $4.10+5.4% | $3.89+15.8% | $3.36+19.1% | $2.82 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WFC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1T+11.3% | $1.9T-0.1% | $1.9T+2.7% | $1.9T-3.4% | $1.9T-0.2% | $2.0T+1.3% | $1.9T+1.7% | $1.9T-2.9% | $2.0T+1.1% | $1.9T+8.0% | $1.8T+6.0% | $1.7T+10.7% | $1.5T+7.1% | $1.4T+8.3% | $1.3T |
| Cash & Equivalents | $172.6B-14.5% | $201.9B-14.5% | $236.1B+48.3% | $159.2B-32.1% | $234.2B-11.5% | $264.6B+87.3% | $141.3B-18.5% | $173.3B-19.8% | $215.9B-2.5% | $221.4B-7.6% | $239.5B+0.3% | $238.8B | N/A | N/A | N/A |
| Accounts Receivable | $19.7B+0.2% | $19.6B-35.8% | $30.5B+29.2% | $23.6B+13.5% | $20.8B-45.3% | $38.1B+30.8% | $29.1B-15.0% | $34.3B-12.4% | $39.1B+26.0% | $31.1B+18.3% | $26.3B-3.3% | $27.2B+26.7% | $21.4B-17.1% | $25.8B-0.4% | $25.9B |
| Goodwill | $25.0B-0.8% | $25.2B0.0% | $25.2B0.0% | $25.2B0.0% | $25.2B-4.6% | $26.4B0.0% | $26.4B-0.1% | $26.4B-0.6% | $26.6B-0.4% | $26.7B+4.6% | $25.5B-0.7% | $25.7B+0.3% | $25.6B0.0% | $25.6B+2.1% | $25.1B |
| Total Liabilities | $2.0T+12.4% | $1.7T+0.2% | $1.7T+2.7% | $1.7T-3.4% | $1.8T-0.5% | $1.8T+1.6% | $1.7T+2.4% | $1.7T-2.6% | $1.7T+0.8% | $1.7T+8.5% | $1.6T+6.1% | $1.5T+11.0% | $1.4T+7.0% | $1.3T+7.8% | $1.2T |
| Long-Term Debt | $174.7B+0.9% | $173.1B-16.6% | $207.6B+18.7% | $174.9B+8.8% | $160.7B-24.5% | $212.9B-6.7% | $228.2B-0.4% | $229.0B+1.8% | $225.0B-11.8% | $255.1B+27.8% | $199.5B+8.5% | $183.9B+20.2% | $153.0B+20.1% | $127.4B+1.6% | $125.4B |
| Total Equity | $181.1B+1.1% | $179.1B-3.6% | $185.7B+3.1% | $180.2B-3.9% | $187.6B+1.6% | $184.7B-1.3% | $187.1B-4.6% | $196.2B-5.2% | $206.9B+3.7% | $199.6B+3.4% | $193.0B+4.7% | $184.4B+8.4% | $170.1B+8.0% | $157.6B+12.3% | $140.2B |
| Retained Earnings | $228.9B+6.9% | $214.2B+6.5% | $201.1B+7.0% | $188.0B+4.2% | $180.3B+11.3% | $161.9B-2.9% | $166.7B+5.4% | $158.2B+8.9% | $145.3B+9.2% | $133.1B+10.1% | $120.9B+12.9% | $107.0B+15.9% | $92.4B+18.9% | $77.7B+20.6% | $64.4B |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
WFC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.2B | -$19.0B-726.1% | $3.0B-92.5% | $40.4B+49.2% | $27.0B+334.7% | -$11.5B-661.9% | $2.1B-69.5% | $6.7B-81.3% | $36.1B+93.7% | $18.6B+1747.1% | $1.0B-93.7% | $15.9B-9.3% | $17.5B-69.6% | $57.6B-1.5% | $58.5B+328.4% | $13.7B |
| Investing Cash Flow | -$253.9B | -$187.9B-1100.5% | -$15.7B-197.6% | $16.0B+137.8% | -$42.5B-457.5% | -$7.6B-106.2% | $122.6B+513.6% | -$29.6B-282.1% | -$7.8B+41.0% | -$13.2B | N/A | N/A | N/A | -$153.5B-9.7% | -$139.9B-299.2% | -$35.0B |
| Financing Cash Flow | $243.0B | $177.6B+924.7% | -$21.5B-205.1% | $20.5B+134.4% | -$59.6B-430.7% | -$11.2B-804.1% | -$1.2B+86.4% | -$9.1B+87.1% | -$71.0B-550.0% | -$10.9B | N/A | N/A | N/A | $93.9B+12.1% | $83.8B+238.1% | $24.8B |
| Dividends Paid | $5.6B | $5.4B+5.9% | $5.1B+7.2% | $4.8B+14.6% | $4.2B+72.5% | $2.4B-50.1% | $4.9B-40.8% | $8.2B+6.6% | $7.7B+2.8% | $7.5B+0.1% | $7.5B+1.0% | $7.4B+7.1% | $6.9B+16.0% | $6.0B+30.4% | $4.6B+79.9% | $2.5B |
| Share Buybacks | $18.0B | $17.5B-9.9% | $19.4B+64.1% | $11.9B+96.4% | $6.0B-58.3% | $14.5B+323.5% | $3.4B-86.1% | $24.5B+18.9% | $20.6B+108.2% | $9.9B+22.1% | $8.1B-6.7% | $8.7B-7.6% | $9.4B+75.8% | $5.4B+36.7% | $3.9B+62.2% | $2.4B |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WFC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 25.5%+1.5pp | 24.0%+0.8pp | 23.2%+4.8pp | 18.4%-9.5pp | 27.9%+23.4pp | 4.5%-18.1pp | 22.7%-3.2pp | 25.9%+0.8pp | 25.1%+0.3pp | 24.9%-21.6pp | 46.5%-2.0pp | 48.5%+2.0pp | 46.5%+7.4pp | 39.1%+6.9pp | 32.1% |
| Return on Equity | 11.8%+0.8pp | 11.0%+0.7pp | 10.3%+2.7pp | 7.6%-4.2pp | 11.8%+10.0pp | 1.8%-8.7pp | 10.5%-0.9pp | 11.4%+0.7pp | 10.7%-0.3pp | 11.0%-0.9pp | 11.9%-0.6pp | 12.5%-0.4pp | 12.9%+0.9pp | 12.0%+0.7pp | 11.3% |
| Return on Assets | 1.0%0.0pp | 1.0%0.0pp | 1.0%+0.3pp | 0.7%-0.4pp | 1.1%+1.0pp | 0.2%-0.9pp | 1.0%-0.2pp | 1.2%0.0pp | 1.1%0.0pp | 1.1%-0.1pp | 1.3%-0.1pp | 1.4%-0.1pp | 1.4%+0.1pp | 1.3%+0.1pp | 1.2% |
| Debt-to-Equity | 0.960.0x | 0.97-0.2x | 1.12+0.1x | 0.97+0.1x | 0.86-0.3x | 1.15-0.1x | 1.22+0.1x | 1.17+0.1x | 1.09-0.2x | 1.28+0.2x | 1.030.0x | 1.00+0.1x | 0.90+0.1x | 0.81-0.1x | 0.89 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
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Where Wells Fargo Co Ranks
Frequently Asked Questions
What is Wells Fargo Co's annual revenue?
Wells Fargo Co (WFC) reported $83.7B in total revenue for fiscal year 2025. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wells Fargo Co's revenue growing?
Wells Fargo Co (WFC) revenue grew by 1.7% year-over-year, from $82.3B to $83.7B in fiscal year 2025.
Is Wells Fargo Co profitable?
Yes, Wells Fargo Co (WFC) reported a net income of $21.3B in fiscal year 2025, with a net profit margin of 25.5%.
How much debt does Wells Fargo Co have?
As of fiscal year 2025, Wells Fargo Co (WFC) had $172.6B in cash and equivalents against $174.7B in long-term debt.
What is Wells Fargo Co's net profit margin?
Wells Fargo Co (WFC) had a net profit margin of 25.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Wells Fargo Co pay dividends?
Yes, Wells Fargo Co (WFC) paid $1.70 per share in dividends during fiscal year 2025.
What is Wells Fargo Co's return on equity (ROE)?
Wells Fargo Co (WFC) has a return on equity of 11.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Wells Fargo Co's operating cash flow?
Wells Fargo Co (WFC) recorded an outflow of $19.0B in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Wells Fargo Co's total assets?
Wells Fargo Co (WFC) had $2.1T in total assets as of fiscal year 2025, including both current and long-term assets.
What is Wells Fargo Co's debt-to-equity ratio?
Wells Fargo Co (WFC) had a debt-to-equity ratio of 0.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wells Fargo Co's return on assets (ROA)?
Wells Fargo Co (WFC) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wells Fargo Co's cash runway?
Based on fiscal year 2025 data, Wells Fargo Co (WFC) had $172.6B in cash against an annual operating cash burn of $19.0B. This gives an estimated cash runway of approximately 109 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Wells Fargo Co's Piotroski F-Score?
Wells Fargo Co (WFC) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wells Fargo Co's earnings high quality?
For every $1 of reported earnings, Wells Fargo Co (WFC) used $0.89 of operating cash (-$19.0B OCF vs $21.3B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Wells Fargo Co?
Wells Fargo Co (WFC) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.