WFC
Income statement / Annual
Last year (2023), Wells Fargo & Company's total revenue was $82.60 B,
an increase of 11.94% 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 |
$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
|
Cost of Revenue |
$0.00 |
$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 |
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 |
$5.09 B
|
$5.19 B
|
$5.72 B
|
$6.71 B
|
$6.75 B
|
$6.59 B
|
$36.01 B
|
$33.06 B
|
$31.65 B
|
$30.87 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 |
$49.23 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 |
-$9.88 B |
-$18.24 B |
-$9.64 B |
-$8.25 B |
-$4.32 B |
-$15.33 B |
-$17.39 B |
-$14.37 B |
$0.00 |
$0.00 |
Operating Expenses |
$55.56 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 |
$55.56 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 |
$43.27 B
|
$29.94 B
|
$57.70 B
|
$8.08 B
|
$51.93 B
|
$57.08 B
|
$59.63 B
|
$68.96 B
|
$71.72 B
|
$72.43 B
|
EBITDA Ratio |
0.52 |
0.41 |
0.74 |
0.11 |
0.61 |
0.66 |
0.68 |
0.79 |
0.86 |
0.88 |
Operating Income Ratio
|
0.26
|
0.2
|
0.37
|
0.06
|
0.31
|
0.33
|
0.34
|
0.39
|
0.43
|
0.44
|
Total Other
Income/Expenses Net |
$21.64 B
|
-$1.00 M
|
-$35.00 M
|
-$1.54 B
|
$24.20 B
|
$28.54 B
|
-$2.44 B
|
-$2.36 B
|
-$2.22 B
|
-$2.30 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
|
0.26
|
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 |
0.23 |
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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