Total Operating Expenses
Wells Fargo & Company Total Operating Expenses increased by 4.4% to $14.33B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $13.89B to $14.33B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows relatively stable performance with a 0.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.34B | $13.30B | $13.13B | $13.85B | $12.86B | $14.31B | $16.19B | $13.68B | $12.99B | $13.11B | $15.79B | $14.34B | $13.29B | $13.07B | $13.90B | $13.89B | $13.38B | $13.85B | $13.73B | $14.33B |
| QoQ Change | — | -0.3% | -1.3% | +5.5% | -7.1% | +11.2% | +13.1% | -15.5% | -5.0% | +1.0% | +20.4% | -9.2% | -7.3% | -1.7% | +6.4% | -0.1% | -3.7% | +3.5% | -0.9% | +4.4% |
| YoY Change | — | — | — | — | -3.6% | +7.5% | +23.3% | -1.3% | +1.0% | -8.3% | -2.5% | +4.8% | +2.4% | -0.4% | -11.9% | -3.1% | +0.6% | +6.0% | -1.3% | +3.2% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer Banking and Lending | $5.70B | $5.62B | $5.93B | $6.34B | $5.80B | $5.97B | $5.82B | $6.59B |
| Wealth And Investment Management | $3.19B | $3.15B | $3.31B | $2.95B | $3.25B | $3.42B | $3.49B | $3.26B |
| Corporate and Investment Banking | $2.17B | $2.23B | $2.30B | $2.48B | $2.25B | $2.36B | $2.35B | $2.69B |
| Commercial Banking | $1.51B | $1.48B | $1.53B | $1.67B | $1.52B | $1.45B | $1.44B | $1.61B |
| Total | $13.29B | $13.07B | $13.90B | $13.89B | $13.38B | $13.85B | $13.73B | $14.33B |
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Wells Fargo & Company's total operating expenses?
- Wells Fargo & Company (WFC) reported total operating expenses of $14.33B in Q1 2026.
- How has Wells Fargo & Company's total operating expenses changed year-over-year?
- Wells Fargo & Company's total operating expenses increased by 3.2% year-over-year, from $13.89B to $14.33B.
- What is the long-term trend for Wells Fargo & Company's total operating expenses?
- Over 4 years (2021 to 2025), Wells Fargo & Company's total operating expenses has grown at a 0.5% compound annual growth rate (CAGR), from $53.76B to $54.84B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.