Consumer Banking and Lending — Income tax expense (benefit)
Wells Fargo & Company Consumer Banking and Lending — Income tax expense (benefit) decreased by 8.7% to $650.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $557.00M to $650.00M. Over 4 years (FY 2021 to FY 2025), Consumer Banking and Lending — Income tax expense (benefit) shows relatively stable performance with a -2.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Changes generally track with fluctuations in segment pre-tax income rather than operational shifts.
Detailed definition
This represents the portion of the total corporate income tax expense allocated to the consumer banking and lending segm...
Peer comparison
Standard tax allocation across business segments in large financial institutions.
wfc_segment_consumer_banking_and_lending_income_tax_expense_benefitHistorical 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 | $713.00M | $818.00M | $619.00M | $588.00M | $465.00M | $401.00M | $362.00M | $618.00M | $640.00M | $727.00M | $672.00M | $573.00M | $596.00M | $646.00M | $542.00M | $557.00M | $621.00M | $730.00M | $712.00M | $650.00M |
| QoQ Change | — | +14.7% | -24.3% | -5.0% | -20.9% | -13.8% | -9.7% | +70.7% | +3.6% | +13.6% | -7.6% | -14.7% | +4.0% | +8.4% | -16.1% | +2.8% | +11.5% | +17.6% | -2.5% | -8.7% |
| YoY Change | — | — | — | — | -34.8% | -51.0% | -41.5% | +5.1% | +37.6% | +81.3% | +85.6% | -7.3% | -6.9% | -11.1% | -19.3% | -2.8% | +4.2% | +13.0% | +31.4% | +16.7% |
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Frequently Asked Questions
- What is Wells Fargo & Company's consumer banking and lending — income tax expense (benefit)?
- Wells Fargo & Company (WFC) reported consumer banking and lending — income tax expense (benefit) of $650.00M in Q1 2026.
- How has Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) changed year-over-year?
- Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) increased by 16.7% year-over-year, from $557.00M to $650.00M.
- What is the long-term trend for Wells Fargo & Company's consumer banking and lending — income tax expense (benefit)?
- Over 4 years (2021 to 2025), Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) has grown at a -2.1% compound annual growth rate (CAGR), from $2.85B to $2.62B.
- What does consumer banking and lending — income tax expense (benefit) mean?
- The income tax cost attributed to the consumer banking and lending segment.