Sunday 11 October 2026
Export all WFC data to Excel Powerpack
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 June 2026, revenue grew 10.4%, EPS grew 25.5%, free cash flow grew 160.4% and total debt rose 3.35%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
83.90
1.87
+2.28%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 43.55 | 49.27 | 43.02 | 43.34 | 20.76 | 29.40 | 36.54 | 35.25 | 46.12 | 58.42 |
Analyst estimates 2026–2028 Powerpack |
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| High | 58.02 | 62.24 | 66.31 | 54.75 | 54.04 | 52.57 | 60.30 | 50.77 | 78.13 | 95.85 | |||||
| People | |||||||||||||||
| People | Employees | 269,100 | 263,000 | 259,000 | 260,000 | 268,531 | 247,848 | 238,000 | 226,000 | 217,000 | 205,000 | ||||
| Revenue/emp, $m | 0.35 | 0.37 | 0.39 | 0.41 | 0.31 | 0.34 | 0.35 | 0.51 | 0.58 | 0.60 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 94,176 | 97,741 | 101,060 | 105,684 | 82,227 | 83,081 | 83,442 | 115,340 | 125,397 | 123,529 | ||||
| Gross margin, % | 93.73 | 90.43 | 85.50 | 82.16 | 90.32 | 95.29 | 89.13 | 71.61 | 65.63 | 67.76 | |||||
| EBT | 32,120 | 27,377 | 28,538 | 25,967 | 2,505 | 29,563 | 15,629 | 21,636 | 23,364 | 25,199 | |||||
| EBT margin, % | 34.11 | 28.01 | 28.24 | 24.57 | 3.05 | 35.58 | 18.73 | 18.76 | 18.63 | 20.40 | |||||
| Net income | 22,045 | 22,460 | 22,876 | 20,206 | 3,662 | 23,799 | 13,378 | 19,029 | 19,965 | 21,358 | |||||
| Depreciation | 4,970 | 5,406 | 5,593 | 6,573 | 8,219 | 7,890 | 6,832 | 6,271 | 7,558 | 7,713 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 18.64 | 19.69 | 21.06 | 24.06 | 19.97 | 20.45 | 21.93 | 31.27 | 36.60 | 38.58 | ||||
| Earnings | 4.03 | 4.14 | 4.31 | 4.08 | 0.42 | 4.99 | 3.17 | 4.88 | 5.43 | 6.34 | |||||
| Cash flow | 0.20 | 3.75 | 7.52 | 1.53 | 0.50 | (2.84) | 7.11 | 10.94 | 0.89 | (5.93) | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | 0.20 | 3.75 | 7.52 | 1.53 | 0.50 | (2.84) | 7.11 | 10.94 | 0.89 | (5.93) | |||||
| Book value | 39.68 | 41.91 | 41.06 | 42.79 | 45.10 | 46.80 | 47.89 | 50.82 | 52.85 | 57.17 | |||||
| Shares, m | 5,053 | 4,965 | 4,800 | 4,393 | 4,118 | 4,062 | 3,805 | 3,688 | 3,426 | 3,202 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 13.90 | 14.86 | 10.40 | 13.25 | 208.28 | 9.58 | 13.14 | 10.15 | 12.91 | 14.70 | ||||
| P/S | 3.00 | 3.10 | 2.19 | 2.24 | 1.51 | 2.35 | 1.91 | 1.58 | 1.92 | 2.42 | |||||
| P/B | 1.61 | 1.66 | 1.27 | 1.42 | 0.76 | 1.15 | 0.98 | 1.08 | 1.48 | 1.79 | |||||
| EV/Sales | 1.88 | 1.79 | 1.25 | 1.34 | (0.83) | (0.40) | 0.25 | (0.22) | (0.51) | (1.00) | |||||
| EV/FCF | 204.47 | 9.46 | 3.53 | 21.47 | (35.72) | 2.84 | 0.76 | (0.63) | (21.98) | 6.42 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,008 | 18,619 | 36,073 | 6,730 | 2,051 | (11,525) | 27,048 | 40,358 | 3,035 | (19,001) | ||||
| Capex | — | — | — | — | — | — | — | — | — | — | |||||
| Free cash flow | 1,008 | 18,619 | 36,073 | 6,730 | 2,051 | (11,525) | 27,048 | 40,358 | 3,035 | (19,001) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (116,311) | (189,299) | (177,289) | (202,145) | (226,856) | (292,606) | (240,532) | (176,953) | (155,040) | (176,969) | ||||
| Total debt | 255,077 | 225,020 | 229,044 | 228,191 | 212,950 | 160,689 | 174,870 | 207,588 | 173,078 | 174,712 | |||||
| Net debt | (106,087) | (128,576) | (94,439) | (94,932) | (192,429) | (228,029) | (138,478) | (207,389) | (304,208) | (421,362) | |||||
| Shareholders’ equity | 200,497 | 208,079 | 197,066 | 187,984 | 185,712 | 190,110 | 182,213 | 187,443 | 181,066 | 183,038 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.10 | 1.06 | 1.08 | 0.95 | 0.09 | 1.07 | 0.66 | 0.94 | 0.96 | 0.99 | ||||
| ROIC | 21.26 | 21.52 | 17.38 | 17.44 | 0.00 | 0.00 | 22.33 | 0.00 | 0.00 | 0.00 | |||||
| ROE | 11.72 | 11.46 | 11.60 | 10.64 | 1.08 | 12.44 | 7.55 | 10.87 | 11.26 | 12.34 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Wells Fargo & Company vs peers in Banks Diversified (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BAC Bank of America Corporation | $374.9B | 12.3× | 12.0× | +3.67% (above 0%: growing) | +35.56% (above 0%: growing) | +418.04% (above 0%: growing) | 63.89% | 0.00% | Compare |
| SMFG Sumitomo Mitsui Financial Group Inc | $318.2B | 9.5× | — | +17.73% (above 0%: growing) | +85.19% (above 0%: growing) | −63.80% (below 0%: shrinking) | 58.44% | 0.00% | Compare |
| HSBC HSBC Holdings plc | $317.4B | 13.1× | — | −18.77% (below 0%: shrinking) | −24.07% (below 0%: shrinking) | +75.40% (above 0%: growing) | 100.00% | 0.00% | Compare |
| MUFG Mitsubishi UFJ Financial Group, Inc. | $253.0B | 17.4× | — | +21.62% (above 0%: growing) | +32.35% (above 0%: growing) | −145.30% (below 0%: shrinking) | 61.56% | 0.00% | Compare |
| WFC Wells Fargo & Company | $248.1B | 12.1× | 11.7× | +10.37% (above 0%: growing) | +25.47% (above 0%: growing) | +160.40% (above 0%: growing) | 67.35% | 0.00% | |
| C Citigroup Inc. | $214.9B | 13.9× | 12.2× | +6.97% (above 0%: growing) | +56.72% (above 0%: growing) | +33.24% (above 0%: growing) | 54.67% | 0.00% | Compare |
| SAN Banco Santander, S.A. | $196.1B | 10.9× | 10.1× | +4.44% (above 0%: growing) | +8.00% (above 0%: growing) | −105.65% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| UBS UBS Group AG | $144.1B | 15.7× | 14.4× | −40.29% (below 0%: shrinking) | +21.33% (above 0%: growing) | −53.01% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| BBVA Banco Bilbao Viscaya Argentaria S.A. | $142.2B | 11.9× | 7.7× | +23.54% (above 0%: growing) | +19.23% (above 0%: growing) | +439.38% (above 0%: growing) | 100.00% | 0.00% | Compare |
| Median of peers | $233.9B | 12.7× | 12.0× | +5.71% | +26.84% | −9.89% | 81.95% | 0.00% |
WFC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
Wells Fargo & Company (WFC) key facts
- Concern: Wells Fargo & Company’s revenue for fiscal 2025 (year ended December 2025) was $123.5 billion, down 1.49% from fiscal 2024.
- Wells Fargo & Company (WFC) is a Banks Diversified company in the Financial sector, listed on the New York Stock Exchange.
- As of October 9, 2026, WFC traded at $83.90, a market capitalization of $248.1 billion.
- Wells Fargo & Company pays an annual dividend of $1.85 per share, a yield of 2.21%, with a payout ratio of 26.9%.
- Return on equity was 12.3% and debt-to-equity 1.00.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.