Wells Fargo & Company (WFC) income statement
NYSE · Financial Services · Banks - Diversified · 194,369 employees · CEO Charles W. Scharf
- Price
- $83.42 -1.64%
- Market cap
- $250B
- Enterprise value
- $431B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-01-14
Wells Fargo & Company (WFC) reported revenue of $33.3B for Q3 '26 (+4.3% year on year), operating income of $7.1B (21.3% of revenue) and net income of $5.95B. Over the last four quarters revenue was $130B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.5B | $31.5B | $31.7B | $31.7B | $30.6B | $29.6B | $30.2B | $31.9B | $31.8B | $31.8B | $33.6B | $33.3B | |
| Cost of revenue | $11.4B | $11.6B | $12.2B | $12.4B | $11.3B | $10.4B | $10.6B | $11.2B | $11.3B | $11.5B | $11.9B | $12.4B | |
| Gross profit | $19.2B | $19.9B | $19.5B | $19.3B | $19.3B | $19.2B | $19.6B | $20.8B | $20.5B | $20.3B | $21.7B | $20.8B | |
| Sales & marketing | $259M | $197M | $224M | $205M | $243M | $181M | $266M | $295M | $352M | $369M | $361M | $337M | |
| General & administrative | $8.65B | $9.66B | $8.58B | $8.74B | $9.23B | $9.63B | $8.86B | $9.17B | $11.8B | $1.4B | $11.1B | $11B | |
| Other operating expenses | $6.88B | $4.49B | $4.49B | $4.12B | $4.43B | $4.08B | $4B | $4.39B | $1.85B | $12.7B | $2.19B | $2.37B | |
| Operating expenses | $15.8B | $14.3B | $13.3B | $13.1B | $13.9B | $13.9B | $13.1B | $13.8B | $14B | $14.5B | $13.7B | $13.7B | |
| Operating income | $3.41B | $5.59B | $6.16B | $6.23B | $5.38B | $5.33B | $6.44B | $6.91B | $6.53B | $5.85B | $8.05B | $7.1B | |
| Interest income | $22.8B | $22.8B | $22.9B | $23B | $22.1B | $21B | $21.3B | $22.4B | $22.6B | $22.4B | $23.3B | $23.9B | |
| Interest expense | $10.1B | $10.6B | $11B | $11.3B | $10.2B | $9.48B | $9.61B | $10.5B | $10.3B | $10.3B | $11B | $11.4B | |
| Total non-operating income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $130M | $0 | $0 | |
| Income before tax | $3.41B | $5.59B | $6.16B | $6.23B | $5.38B | $5.33B | $6.44B | $6.91B | $6.53B | $5.98B | $8.05B | $7.1B | |
| Income tax | -$100M | $964M | $1.25B | $1.06B | $120M | $522M | $916M | $1.3B | $1.1B | $728M | $1.4B | $1.16B | |
| Net income | $3.45B | $4.62B | $4.91B | $5.11B | $5.08B | $4.89B | $5.49B | $5.59B | $5.36B | $5.29B | $6.41B | $5.95B | |
| EPS (basic) | $0.87 | $1.21 | $1.35 | $1.43 | $1.45 | $1.41 | $1.61 | $1.68 | $1.69 | $1.62 | $2.02 | $1.89 | |
| EPS (diluted) | $0.86 | $1.20 | $1.33 | $1.42 | $1.43 | $1.39 | $1.60 | $1.66 | $1.67 | $1.60 | $2.00 | $1.87 | |
| Shares (basic, weighted) | 3.62B | 3.56B | 3.45B | 3.38B | 3.31B | 3.28B | 3.23B | 3.18B | 3.18B | 3.18B | 3.05B | 3.02B | |
| Shares (diluted, weighted) | 3.66B | 3.6B | 3.49B | 3.43B | 3.36B | 3.32B | 3.27B | 3.22B | 3.22B | 3.22B | 3.08B | 3.05B | |
| Depreciation & amortization | $1.49B | $1.82B | $1.97B | $1.78B | $1.98B | $1.86B | $1.89B | $1.84B | $2.12B | $1.84B | $1.88B | $0 | |
| EBITDA | $4.9B | $7.41B | $8.13B | $8.02B | $7.37B | $7.18B | $8.33B | $8.75B | $8.65B | $7.69B | $9.92B | $7.1B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.2B | $97.7B | $101B | $106B | $82.2B | $83.1B | $83.4B | $115B | $125B | $124B | |
| Cost of revenue | $9.68B | $11.9B | $16.4B | $21.5B | $22.1B | -$240M | $10.6B | $38.1B | $47.4B | $43.5B | |
| Gross profit | $84.5B | $85.9B | $84.7B | $84.1B | $60.1B | $83.3B | $72.8B | $77.2B | $78B | $80B | |
| Sales & marketing | $0 | $614M | $857M | $1.08B | $600M | $600M | $505M | $812M | $869M | $1.09B | |
| General & administrative | $33.1B | $36B | $33.1B | $35.1B | $34.8B | $35.5B | $35.1B | $36.5B | $36.4B | $39.4B | |
| Other operating expenses | $19.3B | $21.9B | $22.2B | $22B | $22.2B | $17.6B | $21.6B | $18.2B | $17.4B | $14.3B | |
| Operating expenses | $52.4B | $58.5B | $56.1B | $58.2B | $57.6B | $53.8B | $57.2B | $55.6B | $54.6B | $54.8B | |
| Operating income | $32.1B | $27.4B | $28.5B | $26B | $2.51B | $29.6B | $15.6B | $21.6B | $23.4B | $25.2B | |
| Interest income | $53.7B | $58.9B | $64.6B | $66.2B | $47.9B | $39.7B | $54B | $85.1B | $90.8B | $87.3B | |
| Interest expense | $5.91B | $9.35B | $14.7B | $18.9B | $7.96B | $3.92B | $9.07B | $32.7B | $43.1B | $39.8B | |
| Income before tax | $32.1B | $27.4B | $28.5B | $26B | $2.51B | $29.6B | $15.6B | $21.6B | $23.4B | $25.2B | |
| Income tax | $10.1B | $4.92B | $5.66B | $5.76B | -$1.16B | $5.76B | $2.25B | $2.61B | $3.4B | $3.84B | |
| Net income | $21.9B | $22.2B | $22.4B | $19.7B | $3.38B | $22.1B | $13.7B | $19.1B | $19.7B | $21.3B | |
| EPS (basic) | $4.03 | $4.14 | $4.31 | $4.12 | $0.42 | $4.99 | $3.17 | $4.88 | $5.43 | $6.39 | |
| EPS (diluted) | $3.99 | $4.10 | $4.28 | $4.09 | $0.41 | $4.99 | $3.14 | $4.83 | $5.37 | $6.32 | |
| Shares (basic, weighted) | 5.05B | 4.96B | 4.8B | 4.39B | 4.12B | 4.06B | 3.81B | 3.69B | 3.43B | 3.18B | |
| Shares (diluted, weighted) | 5.11B | 5.02B | 4.84B | 4.43B | 4.13B | 4.1B | 3.84B | 3.72B | 3.47B | 3.22B | |
| Depreciation & amortization | $4.97B | $5.41B | $5.59B | $6.57B | $8.22B | $7.89B | $6.83B | $6.27B | $7.56B | $7.71B | |
| EBITDA | $37.1B | $32.8B | $34.1B | $32.5B | $10.7B | $37.5B | $22.5B | $27.9B | $30.9B | $32.9B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data as of 2026-11-01