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Wells Fargo & Company logo

Wells Fargo & Company Income Statement

Revenue, expenses, and profitability over time

Wells Fargo & Company generated $85.0B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $21.7B with a 25.53% net margin. Diluted EPS is $6.48, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$85.0BNet Income (TTM)$21.7BEps Diluted (TTM)$6.48
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$252.16B
P/E Ratio11.62
ROE12.07%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M
Cash Paid for Interest$10.5B$9.8B$9.9B$10B$10.1B$9.7B
Other non-cash income (expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M
Interest expense$10.2B$9.5B$9.6B$10.5B$10.3B$10.3B
Interest income—$239M$2.6B$3B—$226M
Net investment gains (losses)$1.3B$894M$1.4B$1.6B$1.4B$1.5B
Interest expense, fed funds and repos$1.2B$1.3B———$2.2B
Other Non-Cash Income (Expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M
Other Non-cash Income (Expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M
Other Non-Cash Income (Expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Expense on Long-Term Debt$2.8B$2.6B$2.6B$2.6B$2.5B$2.4B
Interest Expense on Trading Liabilities$205M$241M———$280M
Total interest expense (banking)$2.8B$2.6B$2.6B$2.6B$2.5B$2.4B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Income from Fed Funds and Resell Agreements$1B$1.1B———$1.7B
Interest Income on Trading Debt Securities$1.4B$1.5B———$1.9B
Other operating income$314M$802M$895M$555M$270M$489M
Interest Income on Deposits with Banks$2.3B$1.5B———$1.3B
Interest Income on Fed Funds and Resale Agreements$1B$1.1B———$1.7B
Interest income, fed funds and repos$1B$1.1B———$1.7B
Net interest income$11.8B$11.5B$11.7B$12B$12.3B$12.1B
Total interest income$22.1B$21B$21.3B$22.4B$22.6B$22.4B
Total noninterest income$8.5B$8.7B$9.1B$9.5B$9B$9.4B
Total revenue$20.4B$20.1B$20.8B$21.4B$21.3B$21.4B
Card Fees$1.1B$1B$1.2B$1.2B$1.1B$1.1B
Deposit and Lending-Related Fees$1.6B$1.6B$1.6B$1.7B$1.7B$1.7B
Interest Income from Loans Held in Portfolio$14B$13.4B$13.6B$13.9B$13.9B$13.8B
Mortgage Banking Income$294M$332M$230M$268M$322M$201M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$4.8B$4.6B$5.2B$5.3B$5.1B$5B
Common Stock Dividends$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B
Net earnings to common$4.8B$4.6B$5.2B$5.3B$5.1B$5B
Net Income Available to Common Shareholders$4.8B$4.6B$5.2B$5.3B$5.1B$5B
Net income$5.1B$4.9B$5.5B$5.6B$5.4B$5.3B
Preferred stock dividends$278M$278M$280M$248M$247M$253M
Net income attributable to common stock$4.8B$4.6B$5.2B$5.3B$5.1B$5B
Common Stock Dividends$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$4.8B$4.6B$5.2B$5.3B$5.1B$5B
Interest Paid, Net$10.5B$9.8B$9.9B$10B$10.1B$9.7B
Debt and Equity Securities, Realized Gain (Loss)$1.3B$894M$1.4B$1.6B$1.4B$1.5B
Depreciation, Amortization and Accretion, Net$2B$1.9B$1.9B$1.8B$2.1B$1.8B
Increase (Decrease) in Other Operating Assets-$6.7B$8.1B$13.3B——$9B
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI$2.7B$9.7B$3.9B$30.8B$8.5B-$14.4B
Interest and Dividend Income, Operating$22.1B$21B$21.3B$22.4B$22.6B$22.4B
Interest Expense, Deposits$5.9B$5.2B$5.1B$5.2B$5B$5B
Interest Expense, Long-Term Debt$2.8B$2.6B$2.6B$2.6B$2.5B$2.4B
Interest Income, Deposits with Financial Institutions$2.3B$1.5B———$1.3B
Interest Income (Expense), Operating$11.8B$11.5B$11.7B$12B$12.3B$12.1B
Interest Income, Other—$239M$2.6B$3B—$226M
Interest Paid, Excluding Capitalized Interest, Operating Activity$10.5B$9.8B$9.9B$10B$10.1B$9.7B
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—$12.8B$20.1B$63.1B$81.5B$47.1B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1.1B-$27.5B$0-$82.9B-$85.6B-$55.6B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$8.9B-$11B-$11.2B-$869M—$9.1B
Noninterest Expense$13.9B$13.9B$13.4B$13.8B$13.7B$14.3B
Other Noncash Income (Expense)$5.6B-$3.4B-$2.7B-$388M$0-$299M
Payment for (Proceeds from) Other Investing Activity—-$1.7B——-$791M-$5.4B
Payments for Repurchase of Common Stock$4B$3.5B$3B$6B$5B$4B
Payments for Repurchase of Redeemable Preferred Stock—$0$2B——$3.5B
Payments of Ordinary Dividends, Common Stock$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$307M$249M$305M$248M$248M$248M
Payments to Acquire Debt Securities, Available-for-Sale$22.8B$17.7B$15B$25.3B$14.2B$26.2B
Payments to Acquire Not-Held-For-Trading Equity Securities$3.5B$1.3B$1.9B$2.7B$3.4B$2.3B
Preferred Stock Dividends and Other Adjustments$278M$278M$280M$248M$247M$253M
Proceeds from new debt$4.1B$7.3B$12B$10.8B$1.2B$11.7B
Proceeds from issuance of preferred stock$499.3M$0——$0$2.2B
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$8.3B$7.8B$5.7B$7.3B$6.3B$4B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$8.1B$4.8B$5.2B$5.7B$5.1B$7.2B
Financing — other-$301M-$728M-$154M$0-$51M-$704M
Sale of investments$12.7B$97M$2.4B$1.9B$2.8B$8.6B
Proceeds From Sale Of Loans And Leases Held For Investment$1.2B$956M$827M$766M$1.1B$1.1B
Proceeds from Sale and Capital Returns of Equity Securities Not-Held-For-Trading$808M$620M$1.9B$795M$1.2B$1.1B
Professional and outside services$1.2B$1B$1.1B$1.2B$1.2B$1.1B
Repayments of Long-Term Debt$6.8B$9.6B$12.3B$9.3B$3.2B$1.3B
Cash Dividends, Common Stock$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$9.1B$9.5B$8.7B$9B$9.1B$9.6B
Occupancy and equipment$789M$761M$766M$784M$840M$778M
Other operating expenses$2.7B$1.2B$951M$965M$1.6B$1.1B
Professional fees$1.2B$1B$1.1B$1.2B$1.2B$1.1B
Provision for credit losses$1.1B$932M$1B$681M$1B$1.1B
Selling and marketing$243M$181M$266M$295M$352M$369M
Total operating expenses$13.9B$13.9B$13.4B$13.8B$13.7B$14.3B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.44$1.41$1.61$1.68$1.65$1.62
Diluted earnings per share$1.43$1.39$1.60$1.66$1.62$1.60
Weighted-average shares, basic3.4B3.3B3.2B3.2B3.2B3.1B
Weighted-average shares, diluted3.5B3.3B3.3B3.2B3.2B3.1B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$5.4B$5.3B$6.4B$6.9B$6.5B$6B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$120M$522M$916M$1.3B$1.1B$691M