financial statements

The full income statement, balance sheet, and cash-flow statement for Wells Fargo & Company (WFC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Noninterest income	36.2B YoY+4.6%	34.6B YoY+14.6%	30.2B YoY+2.7%	29.4B YoY-32.2%	43.4B YoY+26.5%
Restructuring	—	—	0.00 YoY-100.0%	5.00M YoY-93.4%	76.0M YoY-94.9%
Amortization of intangibles	—	—	—	306M YoY+0.3%	305M YoY-24.3%
Noninterest expense	54.8B YoY+0.4%	54.6B YoY-1.7%	55.6B YoY-2.9%	57.2B YoY+6.4%	53.8B YoY-6.7%
Provision for credit losses	3.66B YoY-15.6%	4.33B YoY-19.7%	5.40B YoY+252.0%	1.53B YoY+136.9%	-4.16B YoY-129.4%
Interest expense	—	—	32.7B YoY+260.8%	9.07B YoY+131.8%	3.92B YoY-50.8%
Interest & investment income	87.3B YoY-3.8%	90.8B YoY+6.6%	85.1B YoY+57.6%	54.0B YoY+36.1%	39.7B YoY-17.2%
Net interest income	47.5B YoY-0.4%	47.7B YoY-9.0%	52.4B YoY+16.5%	45.0B YoY+25.6%	35.8B YoY-10.5%
Pre-tax income	25.2B YoY+7.9%	23.4B YoY+8.0%	21.6B YoY+38.4%	15.6B YoY-47.1%	29.6B YoY+1080.2%
Income tax	3.84B YoY+13.0%	3.40B YoY+30.4%	2.61B YoY+15.8%	2.25B YoY-60.9%	5.76B YoY+598.2%
	21.3B YoY+8.2%	19.7B YoY+3.0%	19.1B YoY+40.0%	13.7B YoY-38.1%	22.1B YoY+554.7%
Net income to non-controlling interest	20.0M YoY-91.8%	243M YoY+315.0%	-113M YoY+62.2%	-299M YoY-117.7%	1.69B YoY+493.0%
Preferred dividends	1.05B YoY-5.6%	1.12B YoY-3.8%	1.16B YoY+4.0%	1.11B YoY-13.6%	1.29B YoY-18.9%
Net income to common	20.3B YoY+9.0%	18.6B YoY+3.5%	18.0B YoY+43.1%	12.6B YoY-39.7%	20.8B YoY+1065.6%
	$6.26 YoY+16.6%	$5.37 YoY+11.2%	$4.83 YoY+47.7%	$3.27 YoY-35.6%	$5.08 YoY+1081.4%
EPS (basic)	$6.34 YoY+16.8%	$5.43 YoY+11.3%	$4.88 YoY+47.9%	$3.30 YoY-35.7%	$5.13 YoY+1093.0%
Weighted-avg shares (basic)	3.20B YoY-6.5%	3.43B YoY-7.1%	3.69B YoY-3.1%	3.81B YoY-6.3%	4.06B YoY-1.4%
Weighted-avg shares (diluted)	3.24B YoY-6.5%	3.47B YoY-6.8%	3.72B YoY-3.0%	3.84B YoY-6.3%	4.10B YoY-0.9%
Dividends per share	$1.70 YoY+13.3%	$1.50 YoY+15.4%	$1.30 YoY+18.2%	$1.10 YoY+83.3%	$0.60 YoY-50.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	173B YoY-14.5%	202B YoY-14.5%	236B YoY+48.3%	159B YoY-32.1%	234B YoY-11.5%
	2.15T YoY+11.3%	1.93T YoY-0.1%	1.93T YoY+2.7%	1.88T YoY-3.4%	1.95T YoY-0.2%
Property, plant & equipment	8.98B YoY+0.0%	8.98B YoY+0.0%	8.98B YoY+0.0%	8.98B YoY+0.0%	8.98B YoY+0.0%
Operating lease right-of-use	3.64B YoY-5.4%	3.85B YoY+12.8%	3.41B YoY-11.1%	3.84B YoY+0.8%	3.81B YoY-11.6%
Goodwill	25.0B YoY-0.8%	25.2B YoY-0.0%	25.2B YoY+0.0%	25.2B YoY-0.0%	25.2B YoY-4.6%
Intangible assets	1.20B YoY+0.0%	1.20B YoY+0.0%	1.20B YoY-9.2%	1.32B YoY-10.7%	1.48B YoY-9.8%
Short-term & current debt	18.3B YoY+577.6%	2.70B YoY-97.0%	89.6B YoY+75.1%	51.1B YoY+48.6%	34.4B YoY-41.7%
	1.97T YoY+12.4%	1.75T YoY+0.2%	1.75T YoY+2.7%	1.70T YoY-3.4%	1.76T YoY-0.5%
Long-term debt	175B YoY+0.9%	173B YoY-16.6%	208B YoY+18.7%	175B YoY+8.8%	161B YoY-24.5%
Deferred tax liabilities	7.28B YoY+0.0%	7.28B YoY+0.0%	7.28B YoY+0.0%	7.28B YoY+0.0%	7.28B YoY+0.0%
	181B YoY+1.1%	179B YoY-3.6%	186B YoY+3.1%	180B YoY-3.9%	188B YoY+1.6%
Preferred stock	16.6B YoY-10.7%	18.6B YoY-4.3%	19.4B YoY+0.0%	19.4B YoY-3.0%	20.1B YoY-5.1%
Common stock	9.14B YoY+0.0%	9.14B YoY+0.0%	9.14B YoY+0.0%	9.14B YoY+0.0%	9.14B YoY+0.0%
Additional paid-in capital	61.3B YoY+0.8%	60.8B YoY+0.4%	60.6B YoY+0.4%	60.3B YoY+0.2%	60.2B YoY-0.0%
Retained earnings	229B YoY+6.9%	214B YoY+6.5%	201B YoY+7.0%	188B YoY+4.2%	180B YoY+11.3%
Treasury stock	128B YoY+14.9%	111B YoY+19.9%	93.0B YoY+12.2%	82.9B YoY+3.9%	79.8B YoY+17.7%
Accumulated other comprehensive income	-6.67B YoY+45.2%	-12.2B YoY-5.1%	-11.6B YoY+13.3%	-13.4B YoY-685.1%	-1.70B YoY-895.3%
Non-controlling interest	1.92B YoY-1.3%	1.95B YoY+13.9%	1.71B YoY-14.0%	1.99B YoY-20.7%	2.50B YoY+142.6%
Total equity incl. non-controlling	183B YoY+1.1%	181B YoY-3.4%	187B YoY+2.9%	182B YoY-4.0%	190B YoY+2.6%
Total liabilities & equity	2.15T YoY+11.3%	1.93T YoY-0.1%	1.93T YoY+2.7%	1.88T YoY-3.4%	1.95T YoY-0.2%
Common shares issued	5.48B YoY+0.0%	5.48B YoY+0.0%	5.48B YoY+0.0%	5.48B YoY+0.0%	5.48B YoY+0.0%
Common shares outstanding	3.09B YoY-6.0%	3.29B YoY-8.6%	3.60B YoY-6.1%	3.83B	—
Shares outstanding (cover)	3.14B YoY-5.7%	3.33B YoY-8.3%	3.63B YoY-4.7%	3.81B YoY-4.4%	3.99B YoY-3.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-19.0B YoY-726.1%	3.04B YoY-92.5%	40.4B YoY+49.2%	27.0B YoY+334.7%	-11.5B YoY-661.9%
Depreciation & amortization	7.71B YoY+2.1%	7.56B YoY+20.5%	6.27B YoY-8.2%	6.83B YoY-13.4%	7.89B YoY-4.0%
Share-based compensation	1.48B YoY+15.2%	1.28B YoY+14.2%	1.12B YoY+14.7%	978M YoY-2.7%	1.00B YoY+61.6%
Deferred income taxes	-1.87B YoY-105.3%	-911M YoY-1722.0%	-50.0M YoY-104.0%	1.24B YoY+212.0%	-1.11B YoY+66.4%
	-188B YoY-1100.5%	-15.7B YoY-197.6%	16.0B YoY+137.8%	-42.5B YoY-457.5%	-7.62B YoY-106.2%
Sales/maturities of investments	20.8B YoY-39.3%	34.3B YoY+130.8%	14.9B YoY-24.9%	19.8B YoY-73.9%	75.7B YoY-3.2%
Other investing activities	-1.28B YoY-764.8%	193M YoY+149.4%	-391M YoY+51.4%	-805M YoY+78.7%	-3.78B YoY-382.4%
	178B YoY+924.7%	-21.5B YoY-205.1%	20.5B YoY+134.4%	-59.6B YoY-430.7%	-11.2B YoY-804.1%
Long-term debt repaid	34.5B YoY-38.0%	55.6B YoY+142.9%	22.9B YoY+16.8%	19.6B YoY-58.4%	47.1B YoY-27.9%
Net short-term debt	—	18.7B YoY-51.3%	38.4B YoY+131.9%	16.6B YoY+167.4%	-24.6B YoY+46.0%
Common stock repurchased	17.5B YoY-9.9%	19.4B YoY+64.1%	11.9B YoY+96.4%	6.03B YoY-58.3%	14.5B YoY+323.5%
Dividends paid	5.43B YoY+5.9%	5.13B YoY+7.2%	4.79B YoY+14.6%	4.18B YoY+72.5%	2.42B YoY-50.1%
Other financing activities	-861M YoY-9.8%	-784M YoY-54.0%	-509M YoY+5.6%	-539M YoY-49.3%	-361M YoY-56.3%
Net change in cash	-29.3B YoY+14.2%	-34.1B YoY-144.4%	76.9B YoY+202.4%	-75.1B YoY-147.1%	-30.4B YoY-124.6%
Interest paid	39.8B YoY-8.7%	43.6B YoY+43.3%	30.4B YoY+267.1%	8.29B YoY+89.1%	4.38B YoY-47.9%
Income taxes paid	1.42B YoY-14.7%	1.66B YoY+193.2%	-1.79B YoY-152.9%	3.38B YoY+6.6%	3.17B YoY+169.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	293B YoY+25.1%	234B YoY+30.8%	179B YoY+13.6%	157B YoY-17.8%	191B YoY+53.3%
P/E	13.7× YoY+15.6%	11.9× YoY+24.1%	9.6× YoY+2.7%	9.3× YoY+7.5%	8.7× YoY-76.6%
P/B	1.6× YoY+23.7%	1.3× YoY+31.0%	1.0× YoY+12.1%	0.9× YoY-12.8%	1.0× YoY+50.9%
P/FCF	—	77.1× YoY+1158.0%	6.1× YoY-3.7%	6.4×	—
Earnings yield	7.3% YoY-13.5%	8.4% YoY-19.4%	10.5% YoY-2.6%	10.7% YoY-7.0%	11.6% YoY+327.0%
FCF yield	—	1.3% YoY-92.1%	16.3% YoY+3.9%	15.7%	—
Dividend yield	1.8% YoY-14.6%	2.1% YoY-19.1%	2.6% YoY-0.9%	2.7% YoY+113.0%	1.3% YoY-69.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: WFC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WFC filings on SEC EDGAR → Not investment advice.

WFC▼ financial statements

About this data

financial statements