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Wells Fargo & Company WFC Commercial Banking — Income tax expense (benefit)

Other segment segments

Consumer Banking and Lending
$650M+14.0%
Corporate and Investment Banking
$602M-7.0%
Wealth And Investment Management
$155M+58.2%

Similar metrics at other companies

First Citizens BancShares logo
FCNCACommercial Bank — Income tax expense (benefit)
$42M+40.0%
Webster Financial Corporation logo
WBSCommercial Banking — Income Tax
$49.06M-13.4%
Citizens Financial Group logo
CFGCommercial Banking — Income Tax Expense Benefit
$78M+39.3%
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CFGCommercial Banking — Income Tax
$78M+39.3%
UMB Financial logo
UMBFCommercial Banking — Income Tax Expense Benefit
$46.89M+422%
First Citizens BancShares logo
FCNCACommercial Bank — Income Tax
$95M+31.9%

Other financials

Income statement

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Revenue$21.4B+6.4%
Net income$5.3B+7.3%
EPS (diluted)$1.60+15.1%

Balance sheet

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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

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Operating cash flow$9.1B+183%

Valuation

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Market cap$251.55B+4.4%
Enterprise value$298.64B-22.4%
P/E11.6×-0.5×
P/S0.0×

Profitability

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Net margin25.5%+1.0pp

Returns & leverage

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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 commercial banking — income tax expense (benefit)?
Wells Fargo & Company (WFC) reported commercial banking — income tax expense (benefit) of $343M in Q1 2026.
How has Wells Fargo & Company's commercial banking — income tax expense (benefit) changed year-over-year?
Wells Fargo & Company's commercial banking — income tax expense (benefit) increased by 26.1% year-over-year, from $272M to $343M.
What is the long-term trend for Wells Fargo & Company's commercial banking — income tax expense (benefit)?
Over 4 years (2021 to 2025), Wells Fargo & Company's commercial banking — income tax expense (benefit) has grown at a 8.0% compound annual growth rate (CAGR), from $1.05B to $1.42B.
What does commercial banking — income tax expense (benefit) mean?
The total income tax expense incurred by the commercial banking segment.
How do you interpret commercial banking — income tax expense (benefit)?
An increase usually tracks with higher pre-tax profits, whereas a decrease may signal lower profitability or tax-advantaged adjustments.
How does commercial banking — income tax expense (benefit) compare across companies?
Standard line item in segment reporting for all large-cap banks.