WFC
Income statement / Annual
Last year (2023), Wells Fargo & Company's total revenue was $77.20 B,
an increase of 4.63% from the previous year.
In 2023, Wells Fargo & Company's net income was $19.14 B.
See Wells Fargo & Company’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$77.20 B
|
$73.79 B
|
$78.49 B
|
$72.34 B
|
$85.06 B
|
$86.41 B
|
$87.12 B
|
$87.39 B
|
$83.83 B
|
$81.97 B
|
| Cost of Revenue |
-$5.40 B |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$82.60 B |
$73.79 B |
$78.49 B |
$72.34 B |
$85.06 B |
$86.41 B |
$87.12 B |
$87.39 B |
$83.83 B |
$81.97 B |
| Gross Profit Ratio |
1.07 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$35.83 B
|
$5.19 B
|
$5.72 B
|
$6.71 B
|
$6.75 B
|
$6.59 B
|
$38.46 B
|
$38.23 B
|
$35.91 B
|
$34.84 B
|
| Selling & Marketing
Expenses |
$812.00 M
|
$505.00 M
|
$600.00 M
|
$600.00 M
|
$1.08 B
|
$857.00 M
|
$614.00 M
|
$595.00 M
|
$606.00 M
|
$653.00 M
|
| Selling, General &
Administrative Expenses |
$48.53 B
|
$46.29 B
|
$48.06 B
|
$48.48 B
|
$49.17 B
|
$46.32 B
|
$39.07 B
|
$38.83 B
|
$36.51 B
|
$35.49 B
|
| Other Expenses |
$0.00 |
$10.99 B |
$5.73 B |
$9.19 B |
$9.09 B |
$9.84 B |
$19.54 B |
$13.60 B |
$13.54 B |
$13.57 B |
| Operating Expenses |
$48.53 B |
$57.28 B |
$53.79 B |
$57.67 B |
$58.26 B |
$56.16 B |
$58.61 B |
$52.42 B |
$50.05 B |
$49.07 B |
| Cost And Expenses |
$48.53 B |
$57.28 B |
$53.79 B |
$57.67 B |
$58.26 B |
$56.16 B |
$58.61 B |
$52.42 B |
$50.05 B |
$49.07 B |
| Interest Income |
$85.12 B |
$54.02 B |
$39.69 B |
$47.80 B |
$66.08 B |
$64.65 B |
$58.91 B |
$53.66 B |
$49.28 B |
$47.55 B |
| Interest Expense |
$32.74 B |
$9.07 B |
$3.92 B |
$7.96 B |
$18.85 B |
$14.65 B |
$9.35 B |
$5.91 B |
$3.98 B |
$4.03 B |
| Depreciation &
Amortization |
$6.27 B
|
$7.31 B
|
$8.49 B
|
$8.97 B
|
$7.92 B
|
$5.59 B
|
$5.41 B
|
$4.97 B
|
$35.86 B
|
$36.21 B
|
| EBITDA |
$27.91 B
|
$22.28 B
|
$37.31 B
|
$0.00
|
$0.00
|
$34.13 B
|
$0.00
|
$37.09 B
|
$69.50 B
|
$70.13 B
|
| EBITDA Ratio |
0.36 |
0.41 |
0.74 |
0.11 |
0.61 |
0.66 |
0.68 |
0.79 |
0.86 |
0.88 |
| Operating Income Ratio
|
0.37
|
0.2
|
0.37
|
0.06
|
0.31
|
0.33
|
0.34
|
0.39
|
0.43
|
0.44
|
| Total Other
Income/Expenses Net |
-$7.03 B
|
-$6.83 B
|
-$6.45 B
|
-$9.19 B
|
-$9.09 B
|
-$9.84 B
|
-$19.54 B
|
-$13.60 B
|
-$13.54 B
|
-$13.57 B
|
| Income Before Tax |
$21.64 B |
$14.97 B |
$28.82 B |
$2.51 B |
$25.97 B |
$28.54 B |
$27.38 B |
$32.12 B |
$33.64 B |
$33.92 B |
| Income Before Tax Ratio
|
0.28
|
0.2
|
0.37
|
0.03
|
0.31
|
0.33
|
0.31
|
0.37
|
0.4
|
0.41
|
| Income Tax Expense |
$2.61 B |
$2.09 B |
$5.58 B |
$1.16 B |
$5.76 B |
$5.66 B |
$4.92 B |
$10.08 B |
$10.37 B |
$10.31 B |
| Net Income |
$19.14 B |
$13.68 B |
$22.11 B |
$1.79 B |
$19.72 B |
$22.39 B |
$22.18 B |
$21.94 B |
$22.89 B |
$23.06 B |
| Net Income Ratio |
0.25 |
0.19 |
0.28 |
0.02 |
0.23 |
0.26 |
0.25 |
0.25 |
0.27 |
0.28 |
| EPS |
4.88 |
3.17 |
4.99 |
0.43 |
4.08 |
4.67 |
4.14 |
4.03 |
4.18 |
4.17 |
| EPS Diluted |
4.83 |
3.14 |
4.95 |
0.43 |
4.05 |
4.63 |
4.1 |
3.99 |
4.12 |
4.1 |
| Weighted Average Shares
Out |
$3.69 B
|
$3.81 B
|
$4.06 B
|
$4.12 B
|
$4.39 B
|
$4.80 B
|
$5.01 B
|
$5.11 B
|
$5.21 B
|
$5.32 B
|
| Weighted Average Shares
Out Diluted |
$3.72 B
|
$3.84 B
|
$4.10 B
|
$4.13 B
|
$4.43 B
|
$4.84 B
|
$5.02 B
|
$5.11 B
|
$5.21 B
|
$5.32 B
|
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