Wells Fargo WFC

Banking. Wells Fargo & Company, listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Wells Fargo's market cap is
about $254.5 billion.

#38 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $83.699B.

Share price (close): $84.80; Close on Nov 5, 2026 · per share
P/E ratio: 13.5x; Closing price ÷ latest annual EPS
Market cap: $254.5B; #38 of 289
Revenue: $83.699B; #50 of 299 · +1.7% YoY
Operating income: —; Not reported
Net income: $21.338B; #17 of 298 · +8.2% YoY
Free cash flow: —; Not reported
Total assets: $2,148.631B; #4 of 299 · +11.3% YoY
Dividends paid: $5.434B; #26 of 214 · +5.9% YoY
Dividend per share: $1.70; #149 of 205 · +13.3% YoY
Dividend yield: 2.0%; #81 of 203
Shares outstanding: 3,092,600,000 shares; As of Dec 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Expenses69.9%
Income taxes & other4.6%
Net income25.5%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +1.7%; #246 of 299; Revenue was roughly flat. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; Banks and insurers often don't report operating income, so look at pretax income instead.
Net marginShare of revenue left as profit after interest and taxes: 25.5%; #62 of 298; After taxes, 25.5% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: —; Not ranked; Free cash flow based on capital spending isn't calculated for financial companies.
ROEHow much profit the company earned on shareholders' equity in a year: 11.8%; #188 of 276; Earnings relative to equity are about average. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: —; Not ranked; Bank and insurer liabilities include customer deposits and insurance reserves, so they aren't compared with other industries.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations−$19.001B
Dividends paid−$5.434B

For financial companies, loans and investments drive cash flow rather than capital spending, so FCF isn’t calculated.

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 91%Equity 8%

Total assets$2,148.631B
Total liabilities$1,965.593B
Total equity$181.117B
Cash and equivalents$172.593B

For banks and insurers, customer deposits and insurance reserves count as liabilities, so the liability share looks large.

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Wells FargoWFC	$83.699B	$21.338B	+1.7%	—	25.5%
CitigroupC	$85.225B	$14.306B	+5.6%	—	16.8%
Bank of AmericaBAC	$113.097B	$30.509B	+6.8%	—	27.0%
U.S. BancorpUSB	$28.656B	$7.57B	+4.4%	—	26.4%
PNC Financial ServicesPNC	$23.099B	$6.997B	+7.2%	—	30.3%

What the company does

Wells Fargo is one of the four largest US banks, focused on retail banking, mortgages and corporate banking.

The fiscal year ends around December each year.

Related companies: Citigroup, Bank of America, U.S. Bancorp, PNC Financial Services

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	79.166B	74.368B	82.597B	82.296B	83.699B
Pretax income	29.563B	15.629B	21.636B	23.364B	25.199B
Net income	22.109B	13.677B	19.142B	19.722B	21.338B
EPS (diluted)	$5.08	$3.27	$4.83	$5.37	$6.26
Operating cash flow	−11.525B	27.048B	40.358B	3.035B	−19.001B
Dividends paid	2.422B	4.178B	4.789B	5.133B	5.434B
Total assets	1,948.068B	1,881.02B	1,932.468B	1,929.845B	2,148.631B
Total liabilities	1,757.958B	1,698.807B	1,745.025B	1,748.779B	1,965.593B
Total equity	189.889B	182.213B	187.443B	179.12B	181.117B
Cash and equivalents	234.23B	159.157B	236.052B	201.902B	172.593B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Wells Fargo & Company · CIK 0000072971 · US-GAAP