WFC
Income statement / Annual
Last year (2024), Wells Fargo & Company's total revenue was $125.40 B,
an increase of 8.72% from the previous year.
In 2024, Wells Fargo & Company's net income was $19.72 B.
See Wells Fargo & Company,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
Period Ended |
12/31/2024 |
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 |
Operating Revenue |
$125.40 B |
$115.34 B |
$83.44 B |
$83.08 B |
$82.23 B |
$105.68 B |
$101.06 B |
$97.74 B |
$94.18 B |
$87.80 B |
Cost of Revenue |
$47.44 B
|
$38.14 B
|
$10.61 B
|
-$240.00 M
|
$22.09 B
|
$21.54 B
|
$16.40 B
|
$11.88 B
|
$9.68 B
|
$6.42 B
|
Gross Profit |
$77.96 B
|
$77.20 B
|
$72.83 B
|
$83.32 B
|
$60.14 B
|
$84.15 B
|
$84.66 B
|
$85.86 B
|
$84.50 B
|
$81.39 B
|
Gross Profit Ratio |
0.62
|
0.67
|
0.87
|
1
|
0.73
|
0.8
|
0.84
|
0.88
|
0.9
|
0.93
|
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 |
$36.36 B
|
$36.53 B
|
$35.09 B
|
$35.54 B
|
$34.81 B
|
$35.13 B
|
$33.09 B
|
$36.01 B
|
$33.06 B
|
$31.65 B
|
Selling & Marketing Expenses |
$869.00 M
|
$812.00 M
|
$505.00 M
|
$600.00 M
|
$600.00 M
|
$1.08 B
|
$857.00 M
|
$614.00 M
|
$0.00
|
$0.00
|
Selling, General & Administrative Expenses |
$37.23 B
|
$37.34 B
|
$35.60 B
|
$36.14 B
|
$35.41 B
|
$36.20 B
|
$33.94 B
|
$36.62 B
|
$33.06 B
|
$31.65 B
|
Other Expenses |
$17.37 B
|
$18.22 B
|
$21.61 B
|
$17.62 B
|
$22.22 B
|
$21.97 B
|
$22.18 B
|
$21.86 B
|
$19.32 B
|
$16.09 B
|
Operating Expenses |
$54.60 B
|
$55.56 B
|
$57.21 B
|
$53.76 B
|
$57.63 B
|
$58.18 B
|
$56.13 B
|
$58.48 B
|
$52.38 B
|
$47.74 B
|
Cost And Expenses |
$102.03 B
|
$93.70 B
|
$67.81 B
|
$53.52 B
|
$79.72 B
|
$79.72 B
|
$72.52 B
|
$70.36 B
|
$62.06 B
|
$54.16 B
|
Interest Income |
$90.78 B
|
$85.12 B
|
$54.02 B
|
$39.69 B
|
$47.92 B
|
$66.16 B
|
$64.65 B
|
$58.91 B
|
$53.66 B
|
$49.28 B
|
Interest Expense |
$43.10 B
|
$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
|
Depreciation & Amortization |
$7.56 B
|
$6.27 B
|
$6.83 B
|
$7.89 B
|
$8.22 B
|
$6.57 B
|
$5.59 B
|
$5.41 B
|
$4.97 B
|
$3.29 B
|
EBITDA |
$30.92 B |
$27.91 B |
$22.46 B |
$37.45 B |
$10.72 B |
$32.54 B |
$34.13 B |
$32.78 B |
$37.09 B |
$36.93 B |
EBITDA Ratio |
0.25
|
0.24
|
0.27
|
0.45
|
0.13
|
0.31
|
0.34
|
0.34
|
0.39
|
0.42
|
Operating Income Ratio |
0.19
|
0.19
|
0.19
|
0.36
|
0.03
|
0.25
|
0.28
|
0.28
|
0.34
|
0.38
|
Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Income Before Tax |
$23.36 B
|
$21.64 B
|
$15.63 B
|
$29.56 B
|
$2.51 B
|
$25.97 B
|
$28.54 B
|
$27.38 B
|
$32.12 B
|
$33.64 B
|
Income Before Tax Ratio |
0.19
|
0.19
|
0.19
|
0.36
|
0.03
|
0.25
|
0.28
|
0.28
|
0.34
|
0.38
|
Income Tax Expense |
$3.40 B
|
$2.61 B
|
$2.25 B
|
$5.76 B
|
-$1.16 B
|
$5.76 B
|
$5.66 B
|
$4.92 B
|
$10.08 B
|
$10.37 B
|
Net Income |
$19.72 B
|
$19.14 B
|
$13.68 B
|
$22.11 B
|
$3.38 B
|
$19.72 B
|
$22.39 B
|
$22.18 B
|
$21.94 B
|
$22.89 B
|
Net Income Ratio |
0.16
|
0.17
|
0.16
|
0.27
|
0.04
|
0.19
|
0.22
|
0.23
|
0.23
|
0.26
|
EPS |
5.43 |
4.88 |
3.17 |
4.99 |
0.42 |
4.12 |
4.31 |
4.14 |
4.03 |
4.18 |
EPS Diluted |
5.37 |
4.83 |
3.14 |
4.99 |
0.41 |
4.09 |
4.28 |
4.1 |
3.99 |
4.12 |
Weighted Average Shares Out |
$3.67 B
|
$3.69 B
|
$3.81 B
|
$4.06 B
|
$4.12 B
|
$4.39 B
|
$4.80 B
|
$4.96 B
|
$5.05 B
|
$5.14 B
|
Weighted Average Shares Out Diluted |
$3.47 B
|
$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
|
Link |
|
|
|
|
|
|
|
|
|
|