What is Wells Fargo & Company's income tax?

Wells Fargo & Company (WFC) reported income tax of $691M in Q1 2026.

How has Wells Fargo & Company's income tax changed year-over-year?

Wells Fargo & Company's income tax increased by 32.4% year-over-year, from $522M to $691M.

What is the long-term trend for Wells Fargo & Company's income tax?

Over 4 years (2021 to 2025), Wells Fargo & Company's income tax has grown at a -9.6% compound annual growth rate (CAGR), from $5.76B to $3.84B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Wells Fargo & Company WFC Income Tax

Income Tax at other companies

CaterpillarCAT

$670M+16.7%

JPMorgan ChaseJPM

$3.99B+5.8%

First Financial BanksharesFFIN

$16.29M+17.9%

U.S. BancorpUSB

$469M+5.9%

Bank of AmericaBAC

$1.82B+11.2%

Truist FinancialTFC

$209M-23.7%

Segments

By segment

See full

Consumer Banking and Lending$650M+14.0%

Corporate and Investment Banking$602M-7.0%

Commercial Banking$343M+26.1%

Wealth And Investment Management$155M+58.2%

Other financials

Income statement

See full

Revenue$21.4B+6.4%

Net income$5.3B+7.3%

EPS (diluted)$1.60+15.1%

Balance sheet

See full

Cash & equivalents$173.27B-1.6%

Total debt$220.37B-30.6%

Total equity$178.40B-1.5%

Total assets$2.21T+13.1%

Cash flow

See full

Operating cash flow$9.1B+183%

Valuation

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Market cap$259.32B+5.7%

Enterprise value$306.41B-20.8%

P/E12×-0.3×

P/S3.1×0.0×

Profitability

See full

Net margin25.5%+1.0pp

Returns & leverage

See full

Return on equity12.1%+1.0pp

Debt / equity1.2×-0.5×

Where this comes from

Reported directly by Wells Fargo & Company in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Wells Fargo & Company’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wells Fargo & Company's income tax?: Wells Fargo & Company (WFC) reported income tax of $691M in Q1 2026.
How has Wells Fargo & Company's income tax changed year-over-year?: Wells Fargo & Company's income tax increased by 32.4% year-over-year, from $522M to $691M.
What is the long-term trend for Wells Fargo & Company's income tax?: Over 4 years (2021 to 2025), Wells Fargo & Company's income tax has grown at a -9.6% compound annual growth rate (CAGR), from $5.76B to $3.84B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.