Wells Fargo & Company
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 83.08B | 83.44B | 115.34B | 125.40B | 123.53B | -1.5% | |
| Cost of Revenue | (240.00M) | (10.61B) | (38.14B) | (47.44B) | (43.49B) | -8.3% | |
Gross Profit | 83.32B | 72.83B | 77.20B | 77.96B | 80.04B | 2.7% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (36.14B) | (35.59B) | (37.34B) | (37.23B) | (40.53B) | 8.9% | |
| General & Administrative | (35.54B) | (35.09B) | (36.53B) | (36.36B) | (39.43B) | 8.4% | |
| Selling & Marketing | (600.00M) | (505.00M) | (812.00M) | (869.00M) | (1.09B) | 25.9% | |
| Depreciation & Amortization | (7.89B) | (6.83B) | (6.27B) | (7.56B) | (4.15B) | -45.1% | |
Operating Income (EBIT) | 29.56B | 15.63B | 21.64B | 23.36B | 25.20B | 7.9% | |
| Non-Operating Items | |||||||
| Interest Income | 39.69B | 54.02B | 85.12B | 90.78B | 87.31B | -3.8% | |
| Interest Expense | (3.92B) | (9.07B) | (32.74B) | (43.10B) | (39.83B) | -7.6% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 29.56B | 15.63B | 21.64B | 23.36B | 25.20B | 7.9% | |
| Income Tax Expense | (5.76B) | (2.25B) | (2.61B) | (3.40B) | (3.84B) | 13.0% | |
Net Income | 22.11B | 13.68B | 19.14B | 19.72B | 21.34B | 8.2% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $5 | $3 | $5 | $5 | $6 | 17.7% | |
| Weighted Avg Shares Outstanding | 4.06B | 3.81B | 3.69B | 3.43B | 3.18B | -7.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 4.10B | 3.84B | 3.72B | 3.47B | 3.22B | -7.2% | |
EBITDA | 37.45B | 22.46B | 27.91B | 30.92B | 29.35B | -5.1% |
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