WFC

MKT CAP:$244B

Wells Fargo & Company

Market Cap

$244B

Financial Services·Banks - Diversified·🇺🇸 United States·NYSE

Financials·Banks·🇺🇸·NYSE

Stock Price

$79.34-$15.86 (-16.66%)

Apr 24, 2026

Company Details

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: ...

CEO

Charles W. Scharf

IPO Date

Jun 1, 1972

Website

www.wellsfargo.com

Key Metrics TTM

Revenue

$125.5B

+12.6% YoY

Net Income

$21.3B

EPS (Diluted)

$6.19

Free Cash Flow

-$22.2B

Revenue / Share

$39.02

Gross Margin

63.8%

Operating Margin

20.2%

Net Margin

17.0%

FCF Margin

-17.7%

P/S

1.9x

P/E

11.5x

Earnings Reports

Q1 2026

Apr 14, 2026

NEW

$31.8BEPS $1.60

FY 2025

Feb 24, 2026

$123.5BEPS $6.32

Q3 2025

Oct 31, 2025

$31.9BEPS $1.66

Q2 2025

Aug 5, 2025

$30.2B-4.6%EPS $1.60

Q2 2024

Aug 1, 2024

$31.6B+12.2%EPS $1.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$23.3B	$20.9B	$8.1B
Q2 16	$23.4B	$20.9B	$8.2B
Q3 16	$23.7B	$21.4B	$8.3B
Q4 16	$22.3B	$19.8B	$7.6B
Q2 17	$24.5B	$21.7B	$8.1B
Q3 22	$22.0B	$18.8B	$4.5B
Q2 23	$28.2B	$18.8B	$5.8B
Q3 23	$29.8B	$19.7B	$6.5B
Q1 24	$31.5B	$19.9B	$5.6B
Q2 24	$31.6B	$19.5B	$6.2B
Q2 25	$30.2B	$19.6B	$6.4B
Q3 25	$31.9B	$20.8B	$6.9B
Q1 26	$31.8B	$20.3B	$5.9B

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	2.9x	12.4x
Q2 17	3.0x	12.4x
Q3 22	1.7x	7.8x
Q2 23	1.6x	8.1x
Q3 23	1.4x	7.1x
Q1 24	1.8x	10.5x
Q2 24	1.7x	10.1x
Q2 25	2.1x	12.3x
Q3 25	2.1x	13.1x
Q1 26	1.9x	11.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$5.9B	$5.9B
Q2 16	-$7.3B	-$7.3B
Q3 16	-$2.4B	-$2.4B
Q4 16	$4.7B	$4.7B
Q2 17	-$4.3B	-$4.3B
Q3 22	$12.0B	$12.0B
Q2 23	-$755M	-$755M
Q3 23	$15.5B	$15.5B
Q1 24	-$12.1B	-$12.1B
Q2 24	$2.0B	$2.0B
Q2 25	-$11.2B	-$11.2B
Q3 25	-$869M	-$869M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	+5.2%	+7.5%
Q3 22	-6.1%	+15.3%
Q2 23	+18.9%	+44.6%
Q3 23	+34.0%	+58.4%
Q1 24	+28.7%	+58.6%
Q2 24	+44.1%	+45.8%
Q2 25	+7.0%	+6.2%
Q3 25	+6.9%	+7.3%
Q1 26	+1.0%	+0.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$716M	3.1%
Q2 16	$460M	2.0%
Q3 16	$298M	1.3%
Q4 16	$471M	2.1%
Q2 17	$446M	1.8%
Q3 22	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 16	$8.5B	—
Q2 16	$8.2B	—
Q3 16	$8.3B	—
Q4 16	$8.1B	—
Q2 17	$8.5B	—
Q3 22	$8.4B	$126M
Q2 23	$8.6B	$184M
Q3 23	$8.8B	$215M
Q1 24	$9.7B	$197M
Q2 24	$8.6B	$224M
Q2 25	$8.9B	$266M
Q3 25	$9.2B	$295M
Q1 26	$1.4B	$369M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$155.1B	$4.8B	$160.0B
Q3 22	$165.5B	$5.1B	$170.6B
Q4 22	$159.2B	$113.6B	$272.8B
Q1 23	$162.4B	$9.1B	$171.5B
Q2 23	$155.3B	$11.6B	$166.9B
Q3 23	$217.9B	$16.5B	$234.4B
Q4 23	$237.2B	$125.4B	$362.6B
Q1 24	$269.6B	$134.9B	$404.6B
Q2 24	$232.0B	$146.3B	$378.3B
Q3 24	$185.5B	$164.7B	$350.2B
Q4 24	$203.4B	$160.1B	$363.5B
Q1 25	$177.6B	$174.7B	$352.3B
Q2 25	$194.6B	$183.4B	$378.0B
Q3 25	$174.3B	$206.1B	$380.4B
Q4 25	$174.2B	$297.3B	$471.6B
Q1 26	$174.8B	$437.3B	$612.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	5.14B	—	—
Q2 16	5.12B	-0.3%	—
Q3 16	5.09B	-0.5%	—
Q4 16	5.08B	-0.3%	—
Q2 17	5.04B	-0.8%	-2.0%
Q3 22	3.83B	-24.1%	-25.3%
Q2 23	3.72B	-2.6%	-26.9%
Q3 23	3.68B	-1.2%	-27.5%
Q1 24	3.60B	-2.2%	-28.5%
Q2 24	3.49B	-3.2%	-8.9%
Q2 25	3.27B	-6.3%	-12.3%
Q3 25	3.22B	-1.5%	-12.6%
Q1 26	3.22B	0.0%	-10.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	—	—
Q2 17	—	—
Q3 22	$88.6K	248K
Q2 23	$118.5K	238K
Q3 23	$125.4K	238K
Q1 24	$139.3K	226K
Q2 24	$140.0K	226K
Q2 25	$139.1K	217K
Q3 25	$147.0K	217K
Q1 26	$155.1K	205K

Revenue / Employee