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Wells Fargo & Company WFC Commercial Banking — Income tax expense (benefit)
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Where this comes from
Reported directly by Wells Fargo & Company in its filing.
Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.
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) / Quarter ended June 30, 2026 | Consumer Banking and Lending | Commercial Banking | Corporate and Investment Banking | Wealth and Investment Management | Corporate | Reconciling Items (1) | Consolidated Company |
|---|---|---|---|---|---|---|---|
| Nonpersonnel expense | 2,608 | 513 | 965 | 589 | 135 | — | 4,810 |
| Total noninterest expense | 6,286 | 1,412 | 2,497 | 3,160 | 306 | — | 13,661 |
| Income (loss) before income tax expense (benefit) | 3,057 | 1,575 | 3,109 | 715 | 105 | (514) | 8,047 |
| Income tax expense (benefit) | 767 | 397 | 780 | 178 | (206) | (514) | 1,402 |
| Net income before noncontrolling interests | 2,290 | 1,178 | 2,329 | 537 | 311 | — | 6,645 |
| Less: Net income from noncontrolling interests | — | 2 | — | — | 236 | — | 238 |
| Net income | $2,290 | 1,176 | 2,329 | 537 | 75 | — | 6,407 |
| Quarter ended June 30, 2025 |
Cover / Front Matter
FAQ
- What is Wells Fargo & Company's commercial banking — income tax expense (benefit)?
- Wells Fargo & Company (WFC) reported commercial banking — income tax expense (benefit) of $397M in Q2 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 7.6% year-over-year, from $369M to $397M.
- 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 8.2% compound annual growth rate (CAGR), from $1.04B to $1.42B.
- What does commercial banking — income tax expense (benefit) mean?
- This represents the portion of the commercial banking segment's pre-tax income allocated to income tax obligations. It reflects the effective tax rate applied to the segment's earnings based on applicable jurisdictional tax laws. Changes in this metric are typically driven by fluctuations in pre-tax income or shifts in the effective tax rate.
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