Wells Fargo & Company/Mn
WFC · NYSENational Commercial Banks · Fiscal year ends Dec 31
Wells Fargo & Company/Mn reported revenue of $83.7B in the fiscal year ended Dec 2025, up 1.7% from the year before. Net income was $21.3B. Net debt was $20.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $79.2B | $74.4B | $82.6B | $82.3B | $83.7B |
| Net interest incomeBanks | $35.8B | $45B | $52.4B | $47.7B | $47.5B |
| Interest expense | $3.9B | $9.1B | $32.7B | – | – |
| Pre-tax income | $29.6B | $15.6B | $21.6B | $23.4B | $25.2B |
| Income tax | $5.8B | $2.3B | $2.6B | $3.4B | $3.8B |
| Net income | $22.1B | $13.7B | $19.1B | $19.7B | $21.3B |
| Diluted EPS | 5.08 | 3.27 | 4.83 | 5.37 | 6.26 |
| Diluted shares | 4,096M | 3,837M | 3,720M | 3,468M | 3,242M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $234B | $159B | $236B | $202B | $173B |
| Goodwill | $25.2B | $25.2B | $25.2B | $25.2B | $25B |
| Total assets | $1,948B | $1,881B | $1,932B | $1,930B | $2,149B |
| Short-term debt | $34.4B | $51.1B | $89.6B | $2.7B | $18.3B |
| Long-term debt | $161B | $175B | $208B | $173B | $175B |
| DepositsBanks | $1,482B | $1,384B | $1,358B | $1,372B | $1,426B |
| Total liabilities | $1,758B | $1,699B | $1,745B | $1,749B | $1,966B |
| Shareholders' equity | $188B | $180B | $186B | $179B | $181B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −$11.5B | $27B | $40.4B | $3B | −$19B |
| Depreciation & amortisation | $1.4B | $1.2B | $1.3B | $1.4B | $1.7B |
| Stock-based compensation | $1B | $978M | $1.1B | $1.3B | $1.5B |
| Share buybacks | $14.5B | $6B | $11.9B | $19.4B | $17.5B |
| Dividends paid | $2.4B | $4.2B | $4.8B | $5.1B | $5.4B |
| Dividend per share | 0.60 | 1.10 | 1.30 | 1.50 | 1.70 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −6.1% | 11.1% | −0.4% | 1.7% |
| EPS growth (YoY) | – | −35.6% | 47.7% | 11.2% | 16.6% |
| Net margin | 27.9% | 18.4% | 23.2% | 24.0% | 25.5% |
| Return on equityBlank when equity is negative | 11.8% | 7.6% | 10.3% | 11.0% | 11.8% |
| Cash conversion (CFO ÷ net income) | −0.52x | 1.98x | 2.11x | 0.15x | −0.89x |
| Debt ÷ equity | 1.04x | 1.25x | 1.60x | 0.98x | 1.07x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$39.1B | $66.9B | $61.1B | −$26.1B | $20.4B |
Recent filings
More in National Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.