
Wells Fargo (WFC) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
20.6B
Net Income
5.5B
26.85%
EPS (Diluted)
$1.60
Balance Sheet Metrics
Total Assets
2.0T
Total Liabilities
1.8T
Shareholders Equity
182.9B
Debt to Equity
9.66
Cash Flow Metrics
Operating Cash Flow
-14.6B
Free Cash Flow
-11.0B
Revenue & Profitability Trend
Wells Fargo Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 82.3B | 82.6B | 74.4B | 79.2B | 74.3B |
Cost of Goods Sold | - | - | - | - | - |
Gross Profit | - | - | - | - | - |
Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 37.2B | 36.6B | 34.8B | 36.1B | 35.4B |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 37.2B | 36.6B | 34.8B | 36.1B | 35.4B |
Operating Income | - | - | - | - | - |
Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | - | - | - | - | - |
Other Non-Operating Income | - | - | - | - | - |
Pre-tax Income | 23.4B | 21.6B | 15.6B | 29.6B | 2.5B |
Income Tax | 3.4B | 2.6B | 2.3B | 5.8B | -1.2B |
Effective Tax Rate % | 14.5% | 12.0% | 14.4% | 19.5% | -46.2% |
Net Income | 20.0B | 19.0B | 13.4B | 23.8B | 3.7B |
Net Margin % | 24.3% | 23.0% | 18.0% | 30.1% | 4.9% |
Key Metrics | |||||
EBITDA | - | - | - | - | - |
EPS (Basic) | $5.43 | $4.88 | $3.30 | $5.13 | $0.43 |
EPS (Diluted) | $5.37 | $4.83 | $3.27 | $5.08 | $0.43 |
Basic Shares Outstanding | 3426100000 | 3688300000 | 3805200000 | 4061900000 | 4118000000 |
Diluted Shares Outstanding | 3426100000 | 3688300000 | 3805200000 | 4061900000 | 4118000000 |
Income Statement Trend
Wells Fargo Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 203.4B | 237.2B | 159.2B | 234.2B | 264.6B |
Short-term Investments | 160.1B | 125.5B | 113.6B | 177.2B | 220.4B |
Accounts Receivable | 23.0B | 34.5B | 27.1B | 22.8B | 41.0B |
Inventory | - | - | - | - | - |
Other Current Assets | - | - | - | - | - |
Total Current Assets | - | - | - | - | - |
Non-Current Assets | |||||
Property, Plant & Equipment | 19.4B | 18.2B | 18.0B | 18.6B | 11.7B |
Goodwill | 58.1B | 58.9B | 60.8B | 58.8B | 60.5B |
Intangible Assets | 7.8B | 8.5B | 10.5B | 8.4B | 7.8B |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | - | - | - | - | - |
Total Non-Current Assets | - | - | - | - | - |
Total Assets | 1.9T | - | - | - | - |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | - | - | - | - | - |
Short-term Debt | 13.6B | 11.9B | 20.5B | 13.2B | 12.6B |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | - | - | - | - | - |
Non-Current Liabilities | |||||
Long-term Debt | 173.1B | 207.6B | 174.9B | 160.7B | 213.0B |
Deferred Tax Liabilities | - | - | - | 2.8B | 4.7B |
Other Non-Current Liabilities | - | - | - | - | - |
Total Non-Current Liabilities | - | - | - | - | - |
Total Liabilities | 1.7T | - | - | - | - |
Equity | |||||
Common Stock | 9.1B | 9.1B | 9.1B | 9.1B | 9.1B |
Retained Earnings | 214.2B | 201.1B | 188.0B | 180.3B | 162.7B |
Treasury Stock | 111.5B | 93.0B | 82.9B | 79.8B | 67.8B |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 181.1B | 187.4B | 182.2B | 190.1B | 185.7B |
Key Metrics | |||||
Total Debt | 186.6B | 219.5B | 195.4B | 173.9B | 225.6B |
Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Wells Fargo Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 20.0B | 19.0B | 13.4B | 23.8B | 3.7B |
Depreciation & Amortization | 7.6B | 6.3B | 6.8B | 7.9B | 8.2B |
Stock-Based Compensation | - | - | - | - | 1.8B |
Working Capital Changes | -21.1B | 666.0M | 30.3B | 32.3B | 25.4B |
Operating Cash Flow | -2.4B | 29.5B | 27.7B | -6.9B | -16.6B |
Investing Activities | |||||
Capital Expenditures | - | - | - | - | - |
Acquisitions | - | - | - | - | - |
Investment Purchases | -103.8B | -36.1B | -49.4B | -189.4B | -147.0B |
Investment Sales | 93.9B | 50.1B | 68.7B | 178.1B | 175.6B |
Investing Cash Flow | -10.1B | 14.4B | 20.0B | -7.5B | 29.4B |
Financing Activities | |||||
Share Repurchases | -22.3B | -13.6B | -6.0B | -21.1B | -7.0B |
Dividends Paid | -6.2B | -5.9B | -5.3B | -3.6B | -6.1B |
Debt Issuance | 29.0B | 49.1B | 53.7B | 1.3B | 38.1B |
Debt Repayment | -55.6B | -22.9B | -19.6B | -47.1B | -65.3B |
Financing Cash Flow | -35.2B | 46.3B | 38.8B | -89.8B | -83.0B |
Free Cash Flow | 3.0B | 40.4B | 27.0B | -11.5B | 2.1B |
Net Change in Cash | -47.6B | 90.2B | 86.6B | -104.2B | -70.1B |
Cash Flow Trend
Wells Fargo Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
13.25
Forward P/E
14.04
Price to Book
1.51
Price to Sales
3.18
PEG Ratio
0.69
Profitability Ratios
Profit Margin
26.52%
Operating Margin
33.10%
Return on Equity
11.50%
Return on Assets
1.06%
Financial Health
Debt to Equity
2.08
Beta
1.20
Per Share Data
EPS (TTM)
$5.82
Book Value per Share
$51.08
Revenue per Share
$23.51
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
wfc | 247.0B | 13.25 | 1.51 | 11.50% | 26.52% | 2.08 |
JPMorgan Chase | 798.8B | 14.90 | 2.37 | 16.21% | 34.52% | 3.27 |
Bank of America | 354.9B | 14.05 | 1.29 | 9.46% | 28.51% | 2.73 |
Citigroup | 172.5B | 13.84 | 0.88 | 6.76% | 19.47% | 3.64 |
Bank of America | 149.9B | 5.55 | 0.53 | 9.46% | 28.51% | 2.73 |
Toronto-Dominion | 127.6B | 10.56 | 1.04 | 14.60% | 27.93% | 3.93 |
Financial data is updated regularly. All figures are in the company's reporting currency.