Professional and outside services
Wells Fargo & Company Professional and outside services decreased by 13.8% to $1.07B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.7%, from $1.04B to $1.07B. Over 4 years (FY 2021 to FY 2025), Professional and outside services shows a downward trend with a -5.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase often signals high levels of strategic project activity or regulatory remediation, while a decrease suggests a shift toward internalizing capabilities or reduced reliance on external advisors.
Detailed definition
This metric captures the costs associated with engaging third-party consultants, legal counsel, auditors, and specialize...
Peer comparison
Comparable to 'Professional Services' or 'Consulting Fees' reported by other financial institutions.
other_professional_and_contract_services_expenseHistorical 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 | $1.45B | $1.42B | $1.47B | $1.29B | $1.31B | $1.24B | $1.36B | $1.23B | $1.30B | $1.31B | $1.24B | $1.10B | $1.14B | $1.13B | $1.24B | $1.04B | $1.09B | $1.18B | $1.24B | $1.07B |
| QoQ Change | — | -2.3% | +3.6% | -12.4% | +1.9% | -5.7% | +9.9% | -9.4% | +6.1% | +0.5% | -5.2% | -11.4% | +3.5% | -0.8% | +9.5% | -16.1% | +4.9% | +8.1% | +5.0% | -13.8% |
| YoY Change | — | — | — | — | -9.7% | -12.8% | -7.6% | -4.4% | -0.5% | +6.1% | -8.5% | -10.4% | -12.7% | -13.7% | -0.4% | -5.7% | -4.4% | +4.2% | -0.1% | +2.7% |
Professional and outside services at Other Companies
Frequently Asked Questions
- What is Wells Fargo & Company's professional and outside services?
- Wells Fargo & Company (WFC) reported professional and outside services of $1.07B in Q1 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 2.7% year-over-year, from $1.04B to $1.07B.
- 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?
- The total cost paid to external consultants, legal firms, and contract service providers.