WFC (Wells Fargo & Company) Stock Financials & Earnings

Company Info & Key Metrics

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 internationa...

CEOCharles W. Scharf

Country🇺🇸 United States

ExchangeNYSE

IPOJun 1, 1972

www.wellsfargo.com

Revenue$31.8B

YoY Growth+4.0%

QoQ Growth-0.3%

Net Income$5.4B

EPS$1.67

Free Cash Flow$4.1B

Gross Margin64.4%

Op. Margin20.5%

Net Margin16.9%

FCF Margin13.0%

Rev Multiple (TTM)2.0x

P/E Ratio (TTM)11.6x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$26.7B	$19.5B	$5.8B
Q2 23	$28.2B	$18.8B	$5.8B
Q3 23	$29.8B	$19.7B	$6.5B
Q4 23	$30.5B	$19.2B	$3.4B
Q1 24	$31.5B	$19.9B	$5.6B
Q2 24	$31.6B	$19.5B	$6.2B
Q3 24	$31.7B	$19.3B	$6.2B
Q4 24	$30.6B	$19.3B	$5.4B
Q1 25	$29.6B	$19.2B	$5.3B
Q2 25	$30.2B	$19.6B	$6.4B
Q3 25	$31.9B	$20.8B	$6.9B
Q4 25	$31.8B	$20.5B	$6.5B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.7x	16.9x
Q2 23	2.4x	15.1x
Q3 23	2.3x	13.3x
Q4 23	2.1x	12.9x
Q1 24	2.1x	13.2x
Q2 24	2.0x	13.2x
Q3 24	2.0x	13.7x
Q4 24	2.0x	12.5x
Q1 25	2.0x	12.3x
Q2 25	2.0x	12.0x
Q3 25	2.0x	11.7x
Q4 25	2.0x	11.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$7.4B	$7.4B
Q2 23	-$755M	-$755M
Q3 23	$15.5B	$15.5B
Q4 23	$18.2B	$18.2B
Q1 24	-$12.1B	-$12.1B
Q2 24	$2.0B	$2.0B
Q3 24	$4.2B	$4.2B
Q4 24	$8.9B	$8.9B
Q1 25	-$11.0B	-$11.0B
Q2 25	-$11.2B	-$11.2B
Q3 25	-$869M	-$869M
Q4 25	$4.1B	$4.1B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+43.1%	+49.1%
Q2 23	+53.3%	+51.1%
Q3 23	+35.9%	+33.2%
Q4 23	+27.2%	+26.1%
Q1 24	+17.7%	+23.9%
Q2 24	+12.2%	+14.0%
Q3 24	+6.1%	+9.2%
Q4 24	+0.2%	-7.1%
Q1 25	-5.9%	-6.1%
Q2 25	-4.6%	-6.9%
Q3 25	+0.7%	-1.7%
Q4 25	+4.0%	+0.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$9.6B	$154M
Q2 23	$8.6B	$184M
Q3 23	$8.8B	$215M
Q4 23	$8.7B	$259M
Q1 24	$9.7B	$197M
Q2 24	$8.6B	$224M
Q3 24	$8.7B	$205M
Q4 24	$9.2B	$243M
Q1 25	$9.6B	$181M
Q2 25	$8.9B	$266M
Q3 25	$9.2B	$295M
Q4 25	$11.8B	$352M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
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	$39.2B	$213.6B	$252.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	3.82B	-0.4%
Q2 23	3.72B	-2.5%
Q3 23	3.68B	-1.2%
Q4 23	3.66B	-0.6%
Q1 24	3.60B	-1.6%
Q2 24	3.49B	-3.2%
Q3 24	3.43B	-1.8%
Q4 24	3.36B	-1.9%
Q1 25	3.32B	-1.2%
Q2 25	3.27B	-1.6%
Q3 25	3.22B	-1.5%
Q4 25	3.22B	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	$306K	269K
FY 21	$335K	248K
FY 22	$351K	238K
FY 23	$510K	226K
FY 24	$578K	217K
FY 25	$569K	217K