Wells Fargo
Financial Performance
Wells Fargo Revenue & Financials
Revenue
$83.7B (FY2025)
Market Cap
$225B
Net Income
$21.3B
Employees
205,000
What is Wells Fargo's revenue?
Wells Fargo had $83.7B in revenue for fiscal year 2025, up 1.7% from 2024. Net income was $21.3B.
- Latest revenue
- $83.7B (FY2025)
- Year-over-year
- +1.7%
- Growth rate (CAGR)
- -0.6% over 9 years
- Peak revenue
- $88.4B (FY2017)
- Years of data
- 10
- Employees
- 205,000
- How much profit does Wells Fargo make?
- Wells Fargo reported net income of $21.3B for fiscal year 2025. sec.gov
- How many employees does Wells Fargo have?
- Wells Fargo has about 205,000 employees.
Financial Analysis
Wells Fargo reported FY2025 total revenue of $83.699 billion, up from $82.296 billion in 2024, and net income of $21.338 billion, up from $19.722 billion. In the second quarter of 2026, net income rose 17% year over year to $6.4 billion, or $2.00 per diluted share, on revenue of about $22.6 billion, up 9%. Average loans reached about $1.03 trillion, up 12%, and average deposits rose 10%, showing the effect of the asset cap removal. Headcount fell to about 197,000 by mid-2026, extending a multi-year run of reductions. Wells Fargo & Company is a leading financial services company, carrying a robust market valuation frequently above $180 billion.
Revenue Trend Analysis
YoY Change
+1.7%
9-Year CAGR
-0.6%
Peak Year
2017
Trend
Mostly Growing
Wells Fargo has 10 full fiscal year figures on this page, compounding at -0.6% annually over 9 years. The most recent year saw a 1.7% increase versus the prior year. Annual revenue peaked in fiscal year 2017 at $88.4B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $83.7B | $21.3B | +1.7% | Wells Fargo 2025 Annual Report (SEC EDGAR) Fiscal year ended 2025-12-31. |
| FY2024 | $82.3B | $19.7B | -0.4% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2024-12-31. |
| FY2023 | $82.6B | $19.1B | +11.1% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2023-12-31. |
| FY2022 | $74.4B | $13.7B | -6.1% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2022-12-31. |
| FY2021 | $79.2B | $22.1B | +6.6% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2021-12-31. |
| FY2020 | $74.3B | $3.4B | -14.5% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2020-12-31. |
| FY2019 | $86.8B | $19.7B | +0.5% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2019-12-31. |
| FY2018 | $86.4B | $22.4B | -2.2% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2018-12-31. |
| FY2017 | $88.4B | $22.2B | +0.1% | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2017-12-31. |
| FY2016 | $88.3B | $21.9B | — | Wells Fargo & Company Form 10-K (SEC EDGAR) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Wells Fargo balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
Keep researching Wells Fargo
Wells Fargo Revenue and Financial FAQ
What was Wells Fargo's total revenue in fiscal year 2025?
In fiscal year 2025, Wells Fargo generated $83.699 billion in total revenue, driven by $47.484 billion in net interest income and $36.215 billion in noninterest fee income.
What was Wells Fargo's net income and profitability in FY2025?
Wells Fargo delivered strong profitability in FY2025, producing over $21 billion in net income, supported by disciplined expense management and stable credit loss provisions.
What is Wells Fargo's Common Equity Tier 1 (CET1) capital ratio?
Wells Fargo maintains an exceptionally robust CET1 capital ratio well above 11.0%, comfortably exceeding federal regulatory minimums and providing a significant capital buffer.
How has Wells Fargo managed its commercial real estate (CRE) office exposure?
The bank aggressively built credit reserves for office property loans starting in 2023, systematically charging off impaired urban office debt to protect overall balance sheet stability.
What is Wells Fargo's capital return and share repurchase policy?
Following annual Federal Reserve stress tests, Wells Fargo returns substantial capital to shareholders through quarterly dividend increases and multi-billion dollar share repurchase buyback programs.
How did the $1.95 trillion asset cap historically constrain financial growth?
The asset cap prevented Wells Fargo from expanding its balance sheet for seven years, limiting deposit accumulation and loan growth compared to rivals JPMorgan Chase and Bank of America.
What is Wells Fargo's efficiency ratio target?
CEO Charlie Scharf initiated multi-billion dollar efficiency programs, reducing noninterest expense and targeting an efficiency ratio in the low 60% range.
How large is Wells Fargo's total balance sheet?
With the asset cap lifted in mid-2025, Wells Fargo's total balance sheet expanded beyond $2.0 trillion in assets, supported by a low-cost core deposit base exceeding $1.3 trillion.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Wells Fargo Revenue & Financials." CorpDigest, https://corpdigest.com/company/wells-fargo/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Wells Fargo reported $83.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/wells-fargo/financials" target="_blank" rel="noopener">CorpDigest — Wells Fargo financials</a></div>Related Financial Audits
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