WELLS FARGO & COMPANY/MN
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $83.70B | $82.30B | $82.60B | $74.37B | $79.17B | $74.26B | $85.06B | $86.41B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $25.20B | $23.36B | $54.38B | $24.70B | $33.48B | $10.47B | $44.82B | $43.19B |
| Operating Margin | 30.1% | 28.4% | 65.8% | 33.2% | 42.3% | 14.1% | 52.7% | 50.0% |
| Interest Expense | — | — | $32.74B | $9.07B | $3.92B | $7.96B | $18.85B | $14.65B |
| Pretax Income | $25.20B | $23.36B | $21.64B | $15.63B | $29.56B | $2.51B | $25.97B | $28.54B |
| Income Tax Expense | $3.84B | $3.40B | $2.61B | $2.25B | $5.76B | $-1.16B | $5.76B | $5.66B |
| Net Income | $21.34B | $19.72B | $19.14B | $13.68B | $22.11B | $3.38B | $19.72B | $22.39B |
| Net Margin | 25.5% | 24.0% | 23.2% | 18.4% | 27.9% | 4.5% | 23.2% | 25.9% |
| EPS (Basic) | $6.34 | $5.43 | $4.88 | $3.30 | $5.13 | $0.43 | $4.12 | $4.31 |
| EPS (Diluted) | $6.26 | $5.37 | $4.83 | $3.27 | $5.08 | $0.43 | $4.09 | $4.28 |
| Shares Outstanding (Basic) | 3.20B | 3.43B | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B | 4.80B |
| Shares Outstanding (Diluted) | 3.24B | 3.47B | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B | 4.84B |
| Dividends Per Share | $1.70 | $1.50 | $1.30 | $1.10 | $0.60 | $1.22 | $1.92 | $1.64 |