Wells Fargo & (WFC) financial statements
Wells Fargo & reported revenue of $83.7B in fiscal 2025, down 0.6% a year over 9 years.
Net income was $21.3B.
The diluted share count fell 37% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Wells Fargo &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.3B | $88.4B | $86.4B | $86.8B | $74.3B | $79.2B | $74.4B | $82.6B | $82.3B | $83.7B |
| Interest expense | $5.9B | $9.4B | $14.7B | $18.9B | $8.0B | $3.9B | $9.1B | $32.7B | — | — |
| Pre-tax income | $32.1B | $27.4B | $28.5B | $26.0B | $2.5B | $29.6B | $15.6B | $21.6B | $23.4B | $25.2B |
| Income tax | $10.1B | $4.9B | $5.7B | $5.8B | -$1.2B | $5.8B | $2.3B | $2.6B | $3.4B | $3.8B |
| Net income | $21.9B | $22.2B | $22.4B | $19.7B | $3.4B | $22.1B | $13.7B | $19.1B | $19.7B | $21.3B |
| EPS (diluted) | $3.99 | $4.10 | $4.28 | $4.09 | $0.43 | $5.08 | $3.27 | $4.83 | $5.37 | $6.26 |
| Diluted shares | 5.11B | 5.02B | 4.84B | 4.43B | 4.13B | 4.10B | 3.84B | 3.72B | 3.47B | 3.24B |
| Net margin | 24.9% | 25.1% | 25.9% | 22.7% | 4.5% | 27.9% | 18.4% | 23.2% | 24.0% | 25.5% |
Balance sheet
Fiscal years, from Wells Fargo &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $221.4B | $215.9B | $173.3B | $141.2B | $264.6B | $234.2B | $159.2B | $236.1B | $201.9B | $172.6B |
| Property, plant and equipment | $8.3B | $8.8B | $8.9B | $9.3B | $8.9B | $8.6B | $8.3B | $9.3B | $10.3B | $11.4B |
| Goodwill | $26.7B | $26.6B | $26.4B | $26.4B | $26.4B | $25.2B | $25.2B | $25.2B | $25.2B | $25.0B |
| Total assets | $1.93T | $1.95T | $1.90T | $1.93T | $1.95T | $1.95T | $1.88T | $1.93T | $1.93T | $2.15T |
| Total liabilities | $1.73T | $1.74T | $1.70T | $1.74T | $1.77T | $1.76T | $1.70T | $1.75T | $1.75T | $1.97T |
| Shareholders' equity | $199.6B | $206.9B | $196.2B | $187.1B | $184.7B | $187.6B | $180.2B | $185.7B | $179.1B | $181.1B |
| Net debt | -$221.4B | -$215.9B | -$173.3B | -$141.2B | -$264.6B | -$234.2B | -$159.2B | -$236.1B | -$201.9B | -$172.6B |
Cash flow
Fiscal years, from Wells Fargo &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.0B | $18.6B | $36.1B | $6.7B | $2.1B | -$11.5B | $27.0B | $40.4B | $3.0B | -$19.0B |
| Stock-based compensation | $779M | $849M | $1.0B | $1.2B | $622M | $1.0B | $978M | $1.1B | $1.3B | $1.5B |
| Dividends paid | $7.5B | $7.5B | $7.7B | $8.2B | $4.9B | $2.4B | $4.2B | $4.8B | $5.1B | $5.4B |
| Share buybacks (net) | -$8.1B | -$9.9B | -$20.6B | -$24.5B | -$3.4B | -$14.5B | -$6.0B | -$11.9B | -$19.4B | -$17.5B |
| Net borrowing | -$35.7B | -$66.8B | -$38.0B | -$62.3B | -$110.9B | -$71.7B | -$3.0B | $15.5B | -$36.9B | -$34.5B |
| Dividends per share | $1.46 | $1.49 | $1.59 | $1.85 | $1.17 | $0.59 | $1.09 | $1.29 | $1.48 | $1.68 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for WFC.
Open WFC in InvestinglyQuestions
What was Wells Fargo &'s revenue in 2025?
$83.7B in fiscal 2025, from its 10-K filing.
From Wells Fargo &'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.