What is Wells Fargo & Company's interchange and merchant services fees — fee income?

Wells Fargo & Company (WFC) reported interchange and merchant services fees — fee income of $968M in Q1 2026.

What does interchange and merchant services fees — fee income mean?

Revenue earned from processing card payments and providing merchant transaction services.

Interchange and merchant services fees — Fee income

Wells Fargo & Company Interchange and merchant services fees — Fee income increased by 5.3% to $968M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.3%, from $919M to $968M. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2023

Last reportedQ1 2026Apr 29, 2026

Rolls up toTotal Revenue

How to read this metric

An increase indicates higher transaction volumes or improved pricing power within the payment processing ecosystem, while a decrease may signal competitive pressure or reduced consumer spending activity.

Detailed definition

This metric represents the revenue generated from processing card-based transactions and providing merchant acquiring se...

Peer comparison

Peers like JPMorgan Chase, Bank of America, and Citigroup report similar figures under card services or merchant processing revenue lines, often correlated with overall consumer spending trends.

Metric ID: wfc_segment_interchange_and_merchant_services_fees_fee_income

Historical Data

10 periods

	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q1 '26
Value	$957.25M	$957.25M	$957.25M	$957.25M	$958.25M	$958.25M	$958.25M	$958.25M	$919M	$968M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+0.1%	+0.0%	+0.0%	+0.0%	-4.1%	+5.3%
YoY Change	—	—	—	—	+0.1%	+0.1%	+0.1%	+0.1%	-4.1%	+5.3%

Range$919M – $968M

CAGR+0.5%

Avg YoY Growth+0.3%

Median YoY Growth+0.1%

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Frequently Asked Questions

What is Wells Fargo & Company's interchange and merchant services fees — fee income?: Wells Fargo & Company (WFC) reported interchange and merchant services fees — fee income of $968M in Q1 2026.
How has Wells Fargo & Company's interchange and merchant services fees — fee income changed year-over-year?: Wells Fargo & Company's interchange and merchant services fees — fee income increased by 5.3% year-over-year, from $919M to $968M.
What does interchange and merchant services fees — fee income mean?: Revenue earned from processing card payments and providing merchant transaction services.