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Wells Fargo & Company WFC Wealth And Investment Management — Income tax expense (benefit)

Other segment segments

Corporate and Investment Banking
$780M+34.0%
Consumer Banking and Lending
$767M+23.5%
Commercial Banking
$397M+7.6%

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$304K+10.9%
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$0-100%
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$0
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UVSPWealth Management — Income Tax
$503K+23.9%

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$42.2B-78.2%
Total debt$207.31B-43.7%
Total equity$180.19B-0.5%
Total assets$2.28T+15.2%

Cash flow

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Operating cash flow$9.1B+183%

Valuation

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Market cap$265.03B-0.1%
Enterprise value$430.17B-2.4%
P/E11.7×-1.2×
P/S3.1×-0.2×

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:IncomeTaxExpenseBenefit.

The official record: Wells Fargo & Company’s 8-K, filed July 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wells Fargo & Company's wealth and investment management — income tax expense (benefit)?
Wells Fargo & Company (WFC) reported wealth and investment management — income tax expense (benefit) of $178M in Q2 2026.
How has Wells Fargo & Company's wealth and investment management — income tax expense (benefit) changed year-over-year?
Wells Fargo & Company's wealth and investment management — income tax expense (benefit) increased by 10.6% year-over-year, from $161M to $178M.
What is the long-term trend for Wells Fargo & Company's wealth and investment management — income tax expense (benefit)?
Over 4 years (2021 to 2025), Wells Fargo & Company's wealth and investment management — income tax expense (benefit) has grown at a -0.1% compound annual growth rate (CAGR), from $680M to $678M.
What does wealth and investment management — income tax expense (benefit) mean?
This represents the portion of the wealth management segment's earnings allocated to income tax obligations. It reflects the tax burden associated with the segment's pre-tax income based on applicable statutory rates.