Wells Fargo & Co.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $83.70B | $82.30B | $82.60B | $73.79B | $78.49B | $72.34B | $85.06B |
| Consumer Banking and Lending | — | $37.36B | $36.20B | $37.92B | $35.81B | $34.88B | $34.02B | $37.89B |
| Commercial Banking | — | $11.98B | $12.78B | $13.45B | $10.92B | $8.55B | $9.74B | $12.34B |
| Corporate and Investment Banking | — | $19.23B | $19.34B | $19.19B | $15.24B | $13.84B | $13.82B | $14.23B |
| Wealth and Investment Management | — | $16.33B | $15.44B | $14.69B | $14.82B | $14.35B | $14.51B | $15.73B |
| Corporate | — | $747.0M | $338.0M | $-457.0M | $-998.0M | $8.50B | $3.46B | $7.81B |
| Reconciling Items | — | $-1.95B | $-1.80B | $-2.20B | $-2.01B | $-1.61B | $-3.21B | $-2.94B |
| 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 |
| Operating Margin | — | 30.1% | 28.4% | 65.8% | 33.5% | 42.7% | 14.5% | 52.7% |
| Interest Expense | — | — | — | $32.74B | $9.07B | $3.92B | $7.96B | $18.85B |
| Pretax Income | — | $25.20B | $23.36B | $21.64B | $15.63B | $29.56B | $2.51B | $25.97B |
| Income Tax Expense | — | $3.84B | $3.40B | $2.61B | $2.25B | $5.76B | $-1.16B | $5.76B |
| Net Income | — | $21.34B | $19.72B | $19.14B | $13.68B | $22.11B | $3.38B | $19.72B |
| Net Margin | — | 25.5% | 24.0% | 23.2% | 18.5% | 28.2% | 4.7% | 23.2% |
| EPS (Basic) | — | $6.34 | $5.43 | $4.88 | $3.30 | $5.13 | $0.43 | $4.12 |
| EPS (Diluted) | — | $6.26 | $5.37 | $4.83 | $3.27 | $5.08 | $0.43 | $4.09 |
| Shares Outstanding (Basic) | 3.09B | 3.20B | 3.43B | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B |
| Shares Outstanding (Diluted) | 3.09B | 3.24B | 3.47B | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B |
| Dividends Per Share | — | $1.70 | $1.50 | $1.30 | $1.10 | $0.60 | $1.22 | $1.92 |