Wells Fargo & Company
WFC Financial Banks Diversified
Wells Fargo & Company’s revenue for fiscal 2025 (year ended December 2025) was $123.5 billion, down 1.49% from fiscal 2024. In the quarter to September 2026, revenue grew 4.25%, EPS grew 17.2%, free cash flow grew 160.4% and total debt rose 2.86%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
Follow WFC
Wells Fargo & Company (WFC) Net margin
Wells Fargo & Company's net margin over the twelve months to 30 September 2026 was 16.9%, up 0.5 percentage points from fiscal 2025 (16.4%). Over the past ten years it has ranged from 2.17% (fiscal 2020) to 25.1% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Banks Diversified industry median of 18.4% and above the Financial sector median of 13.5%.
Net margin, annual
Embed this chart
Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 16.4% | 1.58 |
| FY2024 | 14.8% | (0.75) |
| FY2023 | 15.6% | 0.54 |
| FY2022 | 15.1% | (10.01) |
| FY2021 | 25.1% | 22.89 |
| FY2020 | 2.17% | (14.96) |
| FY2019 | 17.1% | (3.34) |
| FY2018 | 20.5% | (0.56) |
| FY2017 | 21.0% | (0.60) |
| FY2016 | 21.6% | (2.22) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 17.2% | (1.19) |
| Jun 2026 | 18.3% | 2.61 |
| Mar 2026 | 15.7% | (0.47) |
| Dec 2025 | 16.2% | (0.54) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| HSBC HSBC Holdings plc compare | 61.9% |
| BBVA Banco Bilbao Viscaya Argentaria S.A. compare | 26.8% |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 19.3% |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 17.6% |
| WFC Wells Fargo & Company | 16.9% |
| BAC Bank of America Corporation compare | 15.9% |
| SAN Banco Santander, S.A. compare | 14.0% |
| UBS UBS Group AG compare | 13.8% |
| C Citigroup Inc. compare | 10.4% |
| Banks Diversified industry median | 18.4% |
| Financial sector median | 13.5% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on WFC
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement