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Wells Fargo & Company WFC Professional and outside services

Professional and outside services at other companies

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$3.86B+28.2%

Other financials

Income statement

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Revenue$22.6B+8.6%
Net income$6.4B+16.6%
EPS (diluted)$2.00+25.0%

Balance sheet

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Cash & equivalents$201.46B+4.3%
Total debt$211.45B-42.6%
Total equity$180.19B-0.5%
Total assets$2.28T+15.2%

Cash flow

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Operating cash flow$6.8B+160%

Valuation

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Market cap$264.87B+6.5%
Enterprise value$274.86B-35.2%
P/E11.7×-0.4×
P/S3.1×0.0×

Profitability

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Net margin26%+0.9pp

Returns & leverage

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Return on equity12.5%+1.0pp
Debt / equity1.2×-0.9×

Where this comes from

Reported directly by Wells Fargo & Company in its filing.

Tagged under the XBRL concept us-gaap:ProfessionalAndContractServicesExpense.

The source filing: Wells Fargo & Company’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:46 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000072971-26-000302
(in millions, except per share amounts)Quarter ended June 30, 2026Quarter ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Personnel8,8518,70918,44418,183
Technology, telecommunications and equipment1,4571,2872,8542,510
Occupancy8037661,5811,527
Professional and outside services1,1091,0892,1752,127
Advertising and promotion361266730447
Other1,0801,2622,2072,476
Total noninterest expense13,66113,37927,99127,270
Income before income tax expense8,0476,43814,02811,764

Cover / Front Matter

FAQ

What is Wells Fargo & Company's professional and outside services?
Wells Fargo & Company (WFC) reported professional and outside services of $1.11B in Q2 2026.
How has Wells Fargo & Company's professional and outside services changed year-over-year?
Wells Fargo & Company's professional and outside services increased by 1.8% year-over-year, from $1.09B to $1.11B.
What is the long-term trend for Wells Fargo & Company's professional and outside services?
Over 4 years (2021 to 2025), Wells Fargo & Company's professional and outside services has grown at a -5.6% compound annual growth rate (CAGR), from $5.72B to $4.54B.
What does professional and outside services mean?
This metric tracks payments made to third-party consultants, legal firms, auditors, and outsourced service providers. It reflects the bank's reliance on external expertise to manage regulatory compliance, litigation, or specialized project execution. High levels of this expense can indicate complex legal environments or significant transformation initiatives.

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