Wells Fargo Co Financials

WFCNP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Wells Fargo Co (WFCNP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

Wells Fargo Co passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.89x

For every $1 of reported earnings, Wells Fargo Co generates $-0.89 in operating cash flow (-$19.0B OCF vs $21.3B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Revenue

$83.7B

YoY+1.7%

5Y CAGR+2.4%

10Y CAGR+5.4%

Wells Fargo Co generated $83.7B in revenue in fiscal year 2025. This represents an increase of 1.7% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$21.3B

YoY+8.2%

5Y CAGR+44.6%

10Y CAGR-0.7%

Wells Fargo Co reported $21.3B in net income in fiscal year 2025. This represents an increase of 8.2% from the prior year.

EPS (Diluted)

$6.26

YoY+16.6%

5Y CAGR+70.9%

10Y CAGR+4.3%

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.

Cash & Debt

$172.6B

YoY-14.5%

5Y CAGR-8.2%

10Y CAGR-3.2%

Wells Fargo Co held $172.6B in cash against $174.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.70

YoY+13.3%

5Y CAGR+6.9%

10Y CAGR+1.4%

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.

Shares Outstanding

3.09B

YoY-6.2%

10Y CAGR-4.9%

Wells Fargo Co had 3.09B shares outstanding in fiscal year 2025. This represents a decrease of 6.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

25.5%

YoY+1.5pp

5Y CAGR+20.9pp

10Y CAGR-21.0pp

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.

Return on Equity

11.8%

YoY+0.8pp

5Y CAGR+10.0pp

10Y CAGR-0.1pp

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.

R&D Spending

N/A

Share Buybacks

$17.5B

YoY-9.9%

5Y CAGR+38.7%

10Y CAGR+7.3%

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.

Capital Expenditures

N/A

WFCNP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$83.7B+1.7%	$82.3B-0.4%	$82.6B+11.1%	$74.4B-6.1%	$79.2B+6.6%	$74.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.8B-7.6%	$43.1B+31.6%	$32.7B+260.8%	$9.1B+131.8%	$3.9B-50.8%	$8.0B
Income Tax	$3.8B+13.0%	$3.4B+30.4%	$2.6B+15.8%	$2.3B-60.9%	$5.8B+598.2%	-$1.2B
Net Income	$21.3B+8.2%	$19.7B+3.0%	$19.1B+40.0%	$13.7B-38.1%	$22.1B+554.7%	$3.4B
EPS (Diluted)	$6.26+16.6%	$5.37+11.2%	$4.83+47.7%	$3.27-35.6%	$5.08+1081.4%	$0.43

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$21.3B-0.7%	$21.4B+2.9%	$20.8B+3.3%	$20.1B-1.1%	$20.4B+0.1%	$20.4B-1.6%	$20.7B-0.8%	$20.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.3B-1.9%	$10.5B+8.9%	$9.6B+1.4%	$9.5B-7.3%	$10.2B-9.6%	$11.3B+3.2%	$11.0B+3.3%	$10.6B
Income Tax	$1.1B-15.2%	$1.3B+41.9%	$916.0M+75.5%	$522.0M+335.0%	$120.0M-88.7%	$1.1B-14.9%	$1.3B+29.8%	$964.0M
Net Income	$5.4B-4.1%	$5.6B+1.7%	$5.5B+12.3%	$4.9B-3.6%	$5.1B-0.7%	$5.1B+4.2%	$4.9B+6.3%	$4.6B
EPS (Diluted)	N/A	$1.66+3.7%	$1.60+15.1%	$1.39	N/A	$1.42+6.8%	$1.33+10.8%	$1.20

WFCNP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.1T+11.3%	$1.9T-0.1%	$1.9T+2.7%	$1.9T-3.4%	$1.9T-0.2%	$2.0T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$172.6B-14.5%	$201.9B-14.5%	$236.1B+48.3%	$159.2B-32.1%	$234.2B-11.5%	$264.6B
Inventory	N/A	N/A	N/A	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
Goodwill	$25.0B-0.8%	$25.2B0.0%	$25.2B0.0%	$25.2B0.0%	$25.2B-4.6%	$26.4B
Total Liabilities	$2.0T+12.4%	$1.7T+0.2%	$1.7T+2.7%	$1.7T-3.4%	$1.8T-0.5%	$1.8T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
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
Total Equity	$181.1B+1.1%	$179.1B-3.6%	$185.7B+3.1%	$180.2B-3.9%	$187.6B+1.6%	$184.7B
Retained Earnings	$228.9B+6.9%	$214.2B+6.5%	$201.1B+7.0%	$188.0B+4.2%	$180.3B+11.3%	$161.9B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.1T+4.2%	$2.1T+4.1%	$2.0T+1.6%	$2.0T+1.1%	$1.9T+0.4%	$1.9T-0.9%	$1.9T-1.0%	$2.0T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$172.6B0.0%	$172.5B-10.7%	$193.1B+9.6%	$176.2B-12.7%	$201.9B+9.7%	$184.1B-20.2%	$230.8B-14.1%	$268.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$19.7B-5.9%	$20.9B-40.0%	$34.8B+21.7%	$28.6B+45.8%	$19.6B-32.3%	$29.0B+36.4%	$21.2B-34.5%	$32.4B
Goodwill	$25.0B-0.4%	$25.1B0.0%	$25.1B0.0%	$25.1B-0.4%	$25.2B0.0%	$25.2B0.0%	$25.2B0.0%	$25.2B
Total Liabilities	$2.0T+4.6%	$1.9T+4.5%	$1.8T+1.7%	$1.8T+1.1%	$1.7T+0.7%	$1.7T-1.4%	$1.8T-0.8%	$1.8T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$174.7B-1.7%	$177.8B+0.9%	$176.2B+1.5%	$173.7B+0.3%	$173.1B-4.9%	$182.0B+1.6%	$179.1B-4.6%	$187.8B
Total Equity	$181.1B0.0%	$181.2B0.0%	$181.1B0.0%	$181.1B+1.1%	$179.1B-2.3%	$183.3B+3.9%	$176.4B-2.5%	$180.9B
Retained Earnings	$228.9B+1.6%	$225.2B+1.8%	$221.3B+1.8%	$217.4B+1.5%	$214.2B+1.6%	$210.7B+1.7%	$207.3B+1.7%	$203.9B

WFCNP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$19.0B-726.1%	$3.0B-92.5%	$40.4B+49.2%	$27.0B+334.7%	-$11.5B-661.9%	$2.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$187.9B-1100.5%	-$15.7B-197.6%	$16.0B+137.8%	-$42.5B-457.5%	-$7.6B-106.2%	$122.6B
Financing Cash Flow	$177.6B+924.7%	-$21.5B-205.1%	$20.5B+134.4%	-$59.6B-430.7%	-$11.2B-804.1%	-$1.2B
Dividends Paid	$5.4B+5.9%	$5.1B+7.2%	$4.8B+14.6%	$4.2B+72.5%	$2.4B-50.1%	$4.9B
Share Buybacks	$17.5B-9.9%	$19.4B+64.1%	$11.9B+96.4%	$6.0B-58.3%	$14.5B+323.5%	$3.4B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$4.1B+574.2%	-$869.0M+92.3%	-$11.2B-1.6%	-$11.0B-224.0%	$8.9B+111.7%	$4.2B+105.2%	$2.0B+116.9%	-$12.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$85.6B-3.3%	-$82.9B-1129.6%	$8.0B+129.3%	-$27.5B-2485.3%	-$1.1B+95.0%	-$21.1B-44.7%	-$14.6B-169.1%	$21.1B
Financing Cash Flow	$81.5B+29.2%	$63.1B+213.7%	$20.1B+57.0%	$12.8B+29.1%	$9.9B+133.4%	-$29.8B-17.7%	-$25.3B-207.2%	$23.6B
Dividends Paid	$1.4B-2.3%	$1.4B+11.2%	$1.3B-2.4%	$1.3B-0.5%	$1.3B-2.4%	$1.4B+12.7%	$1.2B-3.4%	$1.2B
Share Buybacks	$5.0B-16.7%	$6.0B+98.9%	$3.0B-13.8%	$3.5B-12.5%	$4.0B+16.4%	$3.4B-42.9%	$6.0B+0.2%	$6.0B

WFCNP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.5%+1.5pp	24.0%+0.8pp	23.2%+4.8pp	18.4%-9.5pp	27.9%+23.4pp	4.5%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.960.0	0.97-0.2	1.12+0.1	0.97+0.1	0.86-0.3	1.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.2%-0.9pp	26.1%-0.3pp	26.4%+2.1pp	24.3%-0.6pp	24.9%-0.2pp	25.1%+1.4pp	23.7%+1.6pp	22.1%
Return on Equity	3.0%-0.1pp	3.1%+0.1pp	3.0%+0.3pp	2.7%-0.1pp	2.8%+0.1pp	2.8%+0.0pp	2.8%+0.2pp	2.5%
Return on Assets	0.3%-0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%0.0pp	0.3%-0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.96-0.0	0.980.0	0.97+0.0	0.960.0	0.97-0.0	0.99-0.0	1.02-0.0	1.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Wells Fargo Co's annual revenue?

Wells Fargo Co (WFCNP) 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 (WFCNP) 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 (WFCNP) reported a net income of $21.3B in fiscal year 2025, with a net profit margin of 25.5%.

What is Wells Fargo Co's earnings per share (EPS)?

Wells Fargo Co (WFCNP) reported diluted earnings per share of $6.26 for fiscal year 2025. This represents a 16.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Wells Fargo Co have?

As of fiscal year 2025, Wells Fargo Co (WFCNP) 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 (WFCNP) 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 (WFCNP) paid $1.70 per share in dividends during fiscal year 2025.

What is Wells Fargo Co's return on equity (ROE)?

Wells Fargo Co (WFCNP) 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 (WFCNP) generated -$19.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Wells Fargo Co's total assets?

Wells Fargo Co (WFCNP) had $2.1T in total assets as of fiscal year 2025, including both current and long-term assets.

Does Wells Fargo Co buy back shares?

Yes, Wells Fargo Co (WFCNP) spent $17.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Wells Fargo Co have outstanding?

Wells Fargo Co (WFCNP) had 3.09B shares outstanding as of fiscal year 2025.

What is Wells Fargo Co's debt-to-equity ratio?

Wells Fargo Co (WFCNP) 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 (WFCNP) 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 (WFCNP) 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 (WFCNP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Wells Fargo Co's earnings high quality?

Wells Fargo Co (WFCNP) has an earnings quality ratio of -0.89x, considered low quality (accrual-driven). 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.