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Wells Fargo & Company (WFC) Q2 FY2026 Financial Statements: Total revenue $22.62B, Net income $6.41B

CIK 0000072971 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0000072971-26-000302) · Annual report: FY2025 10-K (filed 2026-02-24, accession 0000072971-26-000133) · Next expected filing: 10-Q ~2026-10-30

More for Wells Fargo: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Wells Fargo reported $22.62 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 8.6% from a year earlier, with net income of $6.41 billion, up 16.6%, and diluted earnings per share of $2.00, up 25.0% as buybacks reduced the share count. Net interest income was $12.32 billion, up 5.2%, as loans and deposits grew following the removal of the Federal Reserve asset cap that had limited its growth for years, while fee income rose on higher investment advisory, investment banking and venture capital results. The efficiency ratio improved to 60.0% from 64.0% as expense growth ran well below revenue growth, and credit costs eased on lower net charge offs.

MetricAmountvs. year ago
Total revenue$22,622,000,000up 8.6%
Net income$6,407,000,000up 16.6%
Diluted EPS$2.00up 25.0%
Net interest income$12,317,000,000up 5.2%
Efficiency ratio60.0%down 4.0 points

About this file

TickerWFC
CIK0000072971
CompanyWells Fargo & Company
Business typebank
Schema templatebank: net interest income / noninterest income / total revenue / provision for credit losses / noninterest expense / net income and EPS, with loans, deposits, capital ratios and returns
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); per-share amounts, ratios and percentages in the units the filing prints

WFC annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession0000072971-26-0001330000072971-26-0001330000072971-26-000133
Income statement
Total interest income87,314,000,00090,777,000,00085,118,000,000
Total interest expense39,830,000,00043,101,000,00032,743,000,000
Net interest income47,484,000,00047,676,000,00052,375,000,000
Deposit and lending related fees6,613,000,0006,515,000,0006,140,000,000
Investment advisory and other asset based fees10,498,000,0009,775,000,0008,670,000,000
Commissions and brokerage services fees2,556,000,0002,521,000,0002,375,000,000
Investment banking fees3,027,000,0002,665,000,0001,649,000,000
Card fees4,589,000,0004,342,000,0004,256,000,000
Mortgage banking1,152,000,0001,047,000,000829,000,000
Net gains from trading and securities5,247,000,0005,516,000,0004,448,000,000
Other noninterest income2,533,000,0002,239,000,0001,855,000,000
Total noninterest income36,215,000,00034,620,000,00030,222,000,000
Total revenue83,699,000,00082,296,000,00082,597,000,000
Provision for credit losses3,658,000,0004,334,000,0005,399,000,000
Personnel expense36,281,000,00035,729,000,00035,829,000,000
Technology telecommunications and equipment expense5,203,000,0004,583,000,0003,920,000,000
Occupancy expense3,151,000,0003,052,000,0002,884,000,000
Professional and outside services expense4,540,000,0004,607,000,0005,085,000,000
Advertising and promotion expense1,094,000,000869,000,000812,000,000
Other noninterest expense4,573,000,0005,758,000,0007,032,000,000
Total noninterest expense54,842,000,00054,598,000,00055,562,000,000
Income before income tax expense25,199,000,00023,364,000,00021,636,000,000
Income tax expense3,841,000,0003,399,000,0002,607,000,000
Net income before noncontrolling interests21,358,000,00019,965,000,00019,029,000,000
Net income from noncontrolling interests20,000,000243,000,000-113,000,000
Net income21,338,000,00019,722,000,00019,142,000,000
Preferred stock dividends and other1,053,000,0001,116,000,0001,160,000,000
Net income applicable to common stock20,285,000,00018,606,000,00017,982,000,000
Basic EPS6.345.434.88
Diluted EPS6.265.374.83
Basic shares3,201,800,0003,426,100,0003,688,300,000
Diluted shares3,242,300,0003,467,600,0003,720,400,000
Balance sheet
Cash and due from banks39,182,000,00037,080,000,000
Interest earning deposits with banks135,028,000,000166,281,000,000
Federal funds sold and resale agreements193,929,000,000105,330,000,000
Trading assets227,935,000,000168,595,000,000
Available for sale debt securities213,573,000,000162,978,000,000
Held to maturity debt securities208,023,000,000234,948,000,000
Total loans986,167,000,000912,745,000,000936,682,000,000
Allowance for loan losses-13,797,000,000-14,183,000,000
Net loans972,370,000,000898,562,000,000
Premises and equipment net11,395,000,00010,297,000,000
Goodwill24,967,000,00025,167,000,000
Equity securities40,932,000,00041,374,000,000
Other assets81,297,000,00079,233,000,000
Total assets2,148,631,000,0001,929,845,000,0001,932,468,000,000
Noninterest bearing deposits365,368,000,000383,616,000,000
Interest bearing deposits1,060,839,000,000988,188,000,000
Total deposits1,426,207,000,0001,371,804,000,0001,358,173,000,000
Federal funds purchased and repurchase agreements232,687,000,00095,235,000,000
Short term borrowings18,323,000,0002,704,000,000
Trading liabilities45,468,000,00044,813,000,000
Accrued expenses and other liabilities68,196,000,00061,145,000,000
Long term debt174,712,000,000173,078,000,000
Total liabilities1,965,593,000,0001,748,779,000,000
Preferred stock16,608,000,00018,608,000,000
Common stock9,136,000,0009,136,000,000
Additional paid in capital61,288,000,00060,817,000,000
Retained earnings228,873,000,000214,198,000,000
Accumulated other comprehensive loss-6,673,000,000-12,176,000,000
Treasury stock at cost-128,115,000,000-111,463,000,000
Total wells fargo stockholders equity181,117,000,000179,120,000,000185,735,000,000
Noncontrolling interests1,921,000,0001,946,000,000
Total equity183,038,000,000181,066,000,000187,443,000,000
Common stockholders equity164,651,000,000160,656,000,000166,444,000,000
Tangible common equity139,219,000,000135,628,000,000141,193,000,000
Common shares outstanding3,092,600,0003,288,900,0003,598,900,000
Available for sale and held to maturity debt securities393,156,000,000
Cash flow
Operating cash flow-19,001,000,0003,035,000,00040,358,000,000
Investing cash flow-187,895,000,000-15,651,000,00016,043,000,000
Financing cash flow177,587,000,000-21,534,000,00020,494,000,000
Long term debt issued31,340,000,00029,014,000,00049,071,000,000
Long term debt repaid-34,470,000,000-55,582,000,000-22,886,000,000
Preferred stock redeemed-2,000,000,000-2,840,000,000-1,725,000,000
Preferred stock dividends paid-1,050,000,000-1,099,000,000-1,141,000,000
Common stock repurchased-17,516,000,000-19,448,000,000-11,851,000,000
Common stock dividends paid-5,434,000,000-5,133,000,000-4,789,000,000
Net change in cash-29,309,000,000-34,150,000,00076,895,000,000
Cash and equivalents end of period172,593,000,000201,902,000,000236,052,000,000
Preferred stock issued01,997,000,0001,722,000,000
Key metrics
Return on average assets %1.07%1.03%1.02%
Return on average equity %12.4%11.4%11%
Return on average tangible common equity %14.6%13.4%13.1%
Efficiency ratio %66%66%67%
Cet1 ratio standardized %10.61%11.07%11.43%
Tier1 capital ratio standardized %11.86%12.57%12.98%
Total capital ratio standardized %14.27%15.18%15.67%
Risk weighted assets standardized1,294,600,000,0001,216,100,000,0001,231,700,000,000
Cet1 ratio advanced %12.35%12.4%12.63%
Tier1 leverage ratio %7.48%8.08%8.5%
Supplementary leverage ratio %6.23%6.74%7.09%
Tlac ratio %23.22%24.83%25.05%
Liquidity coverage ratio %119%125%125%
Dividend payout ratio %27.2%27.9%26.9%
Book value per common share53.2448.8546.25
Tangible book value per common share45.0241.2439.23
Dividends declared per common share1.71.51.3
Net charge offs3,990,000,0004,759,000,0003,450,000,000
Allowance for credit losses for loans14,337,000,00014,636,000,00015,088,000,000
Net interest income taxable equivalent47,787,000,00048,016,000,00052,795,000,000
Net interest margin %2.64%2.73%3.06%
Segments
Consumer banking and lending
Net interest income29,183,000,00028,303,000,00030,185,000,000
Noninterest income8,179,000,0007,898,000,0007,734,000,000
Total revenue37,362,000,00036,201,000,00037,919,000,000
Provision for credit losses3,362,000,0003,561,000,0003,299,000,000
Total noninterest expense23,515,000,00023,274,000,00024,024,000,000
Income before income tax expense10,485,000,0009,366,000,00010,596,000,000
Income tax expense2,620,000,0002,357,000,0002,657,000,000
Net income7,865,000,0007,009,000,0007,939,000,000
Total loans332,481,000,000321,430,000,000
Total assets373,494,000,000361,663,000,000
Total deposits790,962,000,000783,490,000,000
Commercial banking
Net interest income7,902,000,0009,096,000,00010,034,000,000
Noninterest income4,076,000,0003,682,000,0003,415,000,000
Total revenue11,978,000,00012,778,000,00013,449,000,000
Provision for credit losses288,000,000290,000,00075,000,000
Total noninterest expense6,077,000,0006,190,000,0006,555,000,000
Income before income tax expense5,613,000,0006,298,000,0006,819,000,000
Income tax expense1,421,000,0001,599,000,0001,704,000,000
Net income4,184,000,0004,689,000,0005,104,000,000
Total loans228,627,000,000223,318,000,000
Total assets252,001,000,000246,569,000,000
Total deposits190,004,000,000188,650,000,000
Corporate and investment banking
Net interest income7,557,000,0007,935,000,0009,498,000,000
Noninterest income11,675,000,00011,409,000,0009,693,000,000
Total revenue19,232,000,00019,344,000,00019,191,000,000
Provision for credit losses74,000,000521,000,0002,007,000,000
Total noninterest expense9,436,000,0009,029,000,0008,618,000,000
Income before income tax expense9,722,000,0009,794,000,0008,566,000,000
Income tax expense2,439,000,0002,456,000,0002,140,000,000
Net income7,283,000,0007,338,000,0006,426,000,000
Total loans333,509,000,000278,680,000,000
Total assets787,751,000,000597,278,000,000
Total deposits224,146,000,000212,948,000,000
Wealth and investment management
Net interest income3,684,000,0003,473,000,0003,966,000,000
Noninterest income12,644,000,00011,963,000,00010,725,000,000
Total revenue16,328,000,00015,436,000,00014,691,000,000
Provision for credit losses0-22,000,0006,000,000
Total noninterest expense13,518,000,00012,884,000,00012,064,000,000
Income before income tax expense2,810,000,0002,574,000,0002,621,000,000
Income tax expense691,000,000672,000,000657,000,000
Net income2,119,000,0001,902,000,0001,964,000,000
Total loans90,635,000,00084,340,000,000
Total assets96,721,000,00090,536,000,000
Total deposits147,616,000,000127,008,000,000
Corporate
Net interest income-539,000,000-791,000,000-888,000,000
Noninterest income1,286,000,0001,129,000,000431,000,000
Total revenue747,000,000338,000,000-457,000,000
Provision for credit losses-66,000,000-16,000,00012,000,000
Total noninterest expense2,296,000,0003,221,000,0004,301,000,000
Income before income tax expense-1,483,000,000-2,867,000,000-4,770,000,000
Income tax expense-1,382,000,000-1,884,000,000-2,355,000,000
Net income-113,000,000-1,216,000,000-2,291,000,000
Total loans915,000,0004,977,000,000
Total assets638,664,000,000633,799,000,000
Total deposits73,479,000,00059,708,000,000
Reconciling items
Net interest income-303,000,000-340,000,000-420,000,000
Noninterest income-1,645,000,000-1,461,000,000-1,776,000,000
Total revenue-1,948,000,000-1,801,000,000-2,196,000,000
Provision for credit losses000
Total noninterest expense000
Income before income tax expense-1,948,000,000-1,801,000,000-2,196,000,000
Income tax expense-1,948,000,000-1,801,000,000-2,196,000,000
Net income000

WFC quarterly income statement, balance sheet and cash flow

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
LabelQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Fiscal year2026202620252025202520252024202420242024
Fiscal quarterQ2Q1Q4Q3Q2Q1Q4Q3Q2Q1
Period start2026-04-012026-01-012025-10-012025-07-012025-04-012025-01-012024-10-012024-07-012024-04-012024-01-01
Period end2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Period typethree monthsthree monthsthree monthsthree monthsthree monthsthree monthsthree monthsthree monthsthree monthsthree months
Source accession0000072971-26-0003020000072971-26-0003020000072971-26-0001330000072971-26-0001330000072971-26-0003020000072971-26-0001330000072971-26-0001330000072971-26-0001330000072971-26-0001330000072971-26-000133
Income statement
Total interest income23,284,000,00022,445,000,00022,602,000,00022,419,000,00021,320,000,00020,973,000,00022,055,000,00022,998,000,00022,884,000,00022,840,000,000
Total interest expense10,967,000,00010,349,000,00010,271,000,00010,469,000,0009,612,000,0009,478,000,00010,219,000,00011,308,000,00010,961,000,00010,613,000,000
Net interest income12,317,000,00012,096,000,00012,331,000,00011,950,000,00011,708,000,00011,495,000,00011,836,000,00011,690,000,00011,923,000,00012,227,000,000
Deposit and lending related fees1,762,000,0001,712,000,0001,684,000,0001,674,000,0001,622,000,0001,633,000,0001,625,000,0001,675,000,0001,618,000,0001,597,000,000
Investment advisory and other asset based fees2,821,000,0002,824,000,0002,803,000,0002,660,000,0002,499,000,0002,536,000,0002,566,000,0002,463,000,0002,415,000,0002,331,000,000
Commissions and brokerage services fees687,000,000667,000,000657,000,000651,000,000610,000,000638,000,000635,000,000646,000,000614,000,000626,000,000
Investment banking fees939,000,000796,000,000716,000,000840,000,000696,000,000775,000,000725,000,000672,000,000641,000,000627,000,000
Card fees1,222,000,0001,138,000,0001,149,000,0001,223,000,0001,173,000,0001,044,000,0001,084,000,0001,096,000,0001,101,000,0001,061,000,000
Mortgage banking256,000,000201,000,000322,000,000268,000,000230,000,000332,000,000294,000,000280,000,000243,000,000230,000,000
Net gains from trading and securities2,241,000,0001,523,000,0001,301,000,0001,557,000,0001,495,000,000894,000,0001,270,000,0001,256,000,0001,535,000,0001,455,000,000
Other noninterest income377,000,000489,000,000329,000,000613,000,000789,000,000802,000,000343,000,000588,000,000599,000,000709,000,000
Total noninterest income10,305,000,0009,350,000,0008,961,000,0009,486,000,0009,114,000,0008,654,000,0008,542,000,0008,676,000,0008,766,000,0008,636,000,000
Total revenue22,622,000,00021,446,000,00021,292,000,00021,436,000,00020,822,000,00020,149,000,00020,378,000,00020,366,000,00020,689,000,00020,863,000,000
Provision for credit losses914,000,0001,135,000,0001,040,000,000681,000,0001,005,000,000932,000,0001,095,000,0001,065,000,0001,236,000,000938,000,000
Personnel expense8,851,000,0009,593,000,0009,077,000,0009,021,000,0008,709,000,0009,474,000,0009,071,000,0008,591,000,0008,575,000,0009,492,000,000
Technology telecommunications and equipment expense1,457,000,0001,397,000,0001,374,000,0001,319,000,0001,287,000,0001,223,000,0001,282,000,0001,142,000,0001,106,000,0001,053,000,000
Occupancy expense803,000,000778,000,000840,000,000784,000,000766,000,000761,000,000789,000,000786,000,000763,000,000714,000,000
Professional and outside services expense1,109,000,0001,066,000,0001,236,000,0001,177,000,0001,089,000,0001,038,000,0001,237,000,0001,130,000,0001,139,000,0001,101,000,000
Advertising and promotion expense361,000,000369,000,000352,000,000295,000,000266,000,000181,000,000243,000,000205,000,000224,000,000197,000,000
Other noninterest expense1,080,000,0001,127,000,000847,000,0001,250,000,0001,262,000,0001,214,000,0001,278,000,0001,213,000,0001,486,000,0001,781,000,000
Total noninterest expense13,661,000,00014,330,000,00013,726,000,00013,846,000,00013,379,000,00013,891,000,00013,900,000,00013,067,000,00013,293,000,00014,338,000,000
Income before income tax expense8,047,000,0005,981,000,0006,526,000,0006,909,000,0006,438,000,0005,326,000,0005,383,000,0006,234,000,0006,160,000,0005,587,000,000
Income tax expense1,402,000,000691,000,0001,103,000,0001,300,000,000916,000,000522,000,000120,000,0001,064,000,0001,251,000,000964,000,000
Net income before noncontrolling interests6,645,000,0005,290,000,0005,423,000,0005,609,000,0005,522,000,0004,804,000,0005,263,000,0005,170,000,0004,909,000,0004,623,000,000
Net income from noncontrolling interests238,000,00037,000,00062,000,00020,000,00028,000,000-90,000,000184,000,00056,000,000-1,000,0004,000,000
Net income6,407,000,0005,253,000,0005,361,000,0005,589,000,0005,494,000,0004,894,000,0005,079,000,0005,114,000,0004,910,000,0004,619,000,000
Preferred stock dividends and other247,000,000253,000,000247,000,000248,000,000280,000,000278,000,000278,000,000262,000,000270,000,000306,000,000
Net income applicable to common stock6,160,000,0005,000,000,0005,114,000,0005,341,000,0005,214,000,0004,616,000,0004,801,000,0004,852,000,0004,640,000,0004,313,000,000
Basic EPS2.021.641.681.611.411.451.431.351.21
Diluted EPS21.61.621.661.61.391.431.421.331.2
Basic shares3,044,000,0003,080,000,0003,113,800,0003,182,200,0003,232,700,0003,280,400,0003,312,800,0003,384,800,0003,448,300,0003,560,100,000
Diluted shares3,074,600,0003,117,700,0003,159,000,0003,223,500,0003,267,000,0003,321,600,0003,360,700,0003,425,100,0003,486,200,0003,600,100,000
Balance sheet
Cash and due from banks42,161,000,00039,182,000,000
Interest earning deposits with banks161,214,000,000135,028,000,000
Federal funds sold and resale agreements205,345,000,000193,929,000,000
Trading assets243,168,000,000227,935,000,000
Available for sale debt securities250,326,000,000213,573,000,000
Held to maturity debt securities198,573,000,000208,023,000,000
Total loans1,031,115,000,0001,016,787,000,000986,167,000,000924,418,000,000
Allowance for loan losses-13,905,000,000-13,797,000,000
Net loans1,017,210,000,000972,370,000,000
Premises and equipment net11,631,000,00011,395,000,000
Goodwill24,963,000,00024,967,000,000
Equity securities42,378,000,00040,932,000,000
Other assets85,232,000,00081,297,000,000
Total assets2,282,201,000,0002,205,752,000,0002,148,631,000,0001,981,269,000,000
Noninterest bearing deposits370,116,000,000365,368,000,000
Interest bearing deposits1,131,289,000,0001,060,839,000,000
Total deposits1,501,405,000,0001,454,939,000,0001,426,207,000,0001,340,703,000,000
Federal funds purchased and repurchase agreements251,804,000,000232,687,000,000
Short term borrowings25,168,000,00018,323,000,000
Trading liabilities56,631,000,00045,468,000,000
Accrued expenses and other liabilities82,731,000,00068,196,000,000
Long term debt182,139,000,000174,712,000,000
Total liabilities2,099,878,000,0001,965,593,000,000
Preferred stock15,348,000,00016,608,000,000
Common stock9,136,000,0009,136,000,000
Additional paid in capital61,192,000,00061,288,000,000
Retained earnings237,230,000,000228,873,000,000
Accumulated other comprehensive loss-8,277,000,000-6,673,000,000
Treasury stock at cost-134,439,000,000-128,115,000,000
Total wells fargo stockholders equity180,190,000,000181,117,000,000
Noncontrolling interests2,133,000,0001,921,000,000
Total equity182,323,000,000180,313,000,000183,038,000,000182,954,000,000
Common shares outstanding3,028,500,0003,064,300,0003,092,600,0003,220,400,000
Common stockholders equity164,981,000,000163,188,000,000164,651,000,000164,644,000,000
Tangible common equity139,703,000,000137,817,000,000139,219,000,000139,057,000,000
Key metrics
Book value per common share54.4853.2553.2451.13
Tangible book value per common share46.1344.9845.0243.18
Return on average assets %1.15%0.98%1.14%
Return on average equity %15%12.2%12.8%
Return on average tangible common equity %17.7%14.5%15.2%
Efficiency ratio %60%67%64%
Net interest margin %2.43%2.47%2.68%
Allowance for credit losses for loans14,407,000,00014,374,000,00014,337,000,00014,568,000,000
Cet1 ratio standardized %10.26%10.29%10.61%11.13%
Tier1 capital ratio standardized %11.38%11.43%11.86%12.45%
Total capital ratio standardized %13.72%13.81%14.27%15.02%
Risk weighted assets standardized1,342,300,000,0001,316,000,000,0001,294,600,000,0001,225,900,000,000
Cet1 ratio advanced %12.08%12.08%12.35%12.75%
Tier1 leverage ratio %6.94%7.03%7.48%8.01%
Supplementary leverage ratio %5.78%5.85%6.23%6.67%
Tlac ratio %22.81%22.98%23.22%24.42%
Liquidity coverage ratio %119%120%119%121%
Dividends declared per common share0.450.450.4
Pre tax pre provision profit8,961,000,0007,116,000,0007,443,000,000
Net charge offs883,000,0001,106,000,000997,000,000
Segments
Consumer banking and lending
Net interest income7,742,000,0007,305,000,000
Noninterest income2,546,000,0002,383,000,000
Total revenue10,288,000,0009,688,000,000
Provision for credit losses945,000,000945,000,000
Total noninterest expense6,286,000,0006,179,000,000
Income before income tax expense3,057,000,0002,564,000,000
Income tax expense767,000,000641,000,000
Net income2,290,000,0001,923,000,000
Commercial banking
Net interest income2,047,000,0001,983,000,000
Noninterest income1,071,000,000950,000,000
Total revenue3,118,000,0002,933,000,000
Provision for credit losses131,000,000-43,000,000
Total noninterest expense1,412,000,0001,519,000,000
Income before income tax expense1,575,000,0001,457,000,000
Income tax expense397,000,000369,000,000
Net income1,176,000,0001,086,000,000
Corporate and investment banking
Net interest income2,273,000,0001,815,000,000
Noninterest income3,152,000,0002,858,000,000
Total revenue5,425,000,0004,673,000,000
Provision for credit losses-181,000,000103,000,000
Total noninterest expense2,497,000,0002,251,000,000
Income before income tax expense3,109,000,0002,319,000,000
Income tax expense780,000,000582,000,000
Net income2,329,000,0001,737,000,000
Wealth and investment management
Net interest income919,000,000785,000,000
Noninterest income2,973,000,0002,653,000,000
Total revenue3,892,000,0003,438,000,000
Provision for credit losses17,000,00012,000,000
Total noninterest expense3,160,000,0002,865,000,000
Income before income tax expense715,000,000561,000,000
Income tax expense178,000,000141,000,000
Net income537,000,000420,000,000
Corporate
Net interest income-589,000,000-103,000,000
Noninterest income1,002,000,000662,000,000
Total revenue413,000,000559,000,000
Provision for credit losses2,000,000-12,000,000
Total noninterest expense306,000,000565,000,000
Income before income tax expense105,000,0006,000,000
Income tax expense-206,000,000-348,000,000
Net income75,000,000328,000,000
Reconciling items
Net interest income-75,000,000-77,000,000
Noninterest income-439,000,000-392,000,000
Total revenue-514,000,000-469,000,000
Provision for credit losses00
Total noninterest expense00
Income before income tax expense-514,000,000-469,000,000
Income tax expense-514,000,000-469,000,000
Net income00

WFC year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession0000072971-26-000302
Income statement
Total interest income45,729,000,000
Total interest expense21,316,000,000
Net interest income24,413,000,000
Deposit and lending related fees3,474,000,000
Investment advisory and other asset based fees5,645,000,000
Commissions and brokerage services fees1,354,000,000
Investment banking fees1,735,000,000
Card fees2,360,000,000
Mortgage banking457,000,000
Net gains from trading and securities3,764,000,000
Other noninterest income866,000,000
Total noninterest income19,655,000,000
Total revenue44,068,000,000
Provision for credit losses2,049,000,000
Personnel expense18,444,000,000
Technology telecommunications and equipment expense2,854,000,000
Occupancy expense1,581,000,000
Professional and outside services expense2,175,000,000
Advertising and promotion expense730,000,000
Other noninterest expense2,207,000,000
Total noninterest expense27,991,000,000
Income before income tax expense14,028,000,000
Income tax expense2,093,000,000
Net income before noncontrolling interests11,935,000,000
Net income from noncontrolling interests275,000,000
Net income11,660,000,000
Preferred stock dividends and other500,000,000
Net income applicable to common stock11,160,000,000
Basic EPS3.64
Diluted EPS3.6
Basic shares3,061,900,000
Diluted shares3,096,000,000
Cash flow
Operating cash flow15,918,000,000
Investing cash flow-85,437,000,000
Financing cash flow98,387,000,000
Long term debt issued22,963,000,000
Long term debt repaid-13,321,000,000
Preferred stock issued2,246,000,000
Preferred stock redeemed-3,510,000,000
Preferred stock dividends paid-495,000,000
Common stock repurchased-7,015,000,000
Common stock dividends paid-2,753,000,000
Net change in cash28,868,000,000
Cash and equivalents end of period201,461,000,000
Key metrics
Return on average assets %1.07%
Return on average equity %13.6%
Return on average tangible common equity %16.1%
Efficiency ratio %64.0%
Net interest margin %2.45%
Net interest income taxable equivalent24,560,000,000
Net charge offs1,989,000,000
Pre tax pre provision profit16,077,000,000
Dividends declared per common share0.9
Segments
Consumer banking and lending
Net interest income15,293,000,000
Noninterest income4,993,000,000
Total revenue20,286,000,000
Provision for credit losses1,763,000,000
Total noninterest expense12,875,000,000
Income before income tax expense5,648,000,000
Income tax expense1,417,000,000
Net income4,231,000,000
Commercial banking
Net interest income4,035,000,000
Noninterest income2,203,000,000
Total revenue6,238,000,000
Provision for credit losses281,000,000
Total noninterest expense3,020,000,000
Income before income tax expense2,937,000,000
Income tax expense740,000,000
Net income2,193,000,000
Corporate and investment banking
Net interest income4,457,000,000
Noninterest income6,246,000,000
Total revenue10,703,000,000
Provision for credit losses-6,000,000
Total noninterest expense5,189,000,000
Income before income tax expense5,520,000,000
Income tax expense1,382,000,000
Net income4,138,000,000
Wealth and investment management
Net interest income1,824,000,000
Noninterest income5,943,000,000
Total revenue7,767,000,000
Provision for credit losses7,000,000
Total noninterest expense6,422,000,000
Income before income tax expense1,338,000,000
Income tax expense333,000,000
Net income1,005,000,000
Corporate
Net interest income-1,049,000,000
Noninterest income1,230,000,000
Total revenue181,000,000
Provision for credit losses4,000,000
Total noninterest expense485,000,000
Income before income tax expense-308,000,000
Income tax expense-672,000,000
Net income93,000,000
Reconciling items
Net interest income-147,000,000
Noninterest income-960,000,000
Total revenue-1,107,000,000
Provision for credit losses0
Total noninterest expense0
Income before income tax expense-1,107,000,000
Income tax expense-1,107,000,000
Net income0

WFC trailing twelve month income statement and cash flow

Trailing twelve months ended June 30, 2026
LabelTrailing twelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetwelve months
Source accession0000072971-26-000133; 0000072971-26-000302
DerivationSum of the four quarters this record holds (Q3 2025, Q4 2025, Q1 2026, Q2 2026). Cash flow is the FY2025 full year plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Diluted earnings per common share is the sum of the four quarterly amounts; the share counts are the simple average of the four quarterly weighted-average counts.
Income statement
Total interest income90,750,000,000
Total interest expense42,056,000,000
Net interest income48,694,000,000
Deposit and lending related fees6,832,000,000
Investment advisory and other asset based fees11,108,000,000
Commissions and brokerage services fees2,662,000,000
Investment banking fees3,291,000,000
Card fees4,732,000,000
Mortgage banking1,047,000,000
Net gains from trading and securities6,622,000,000
Other noninterest income1,808,000,000
Total noninterest income38,102,000,000
Total revenue86,796,000,000
Provision for credit losses3,770,000,000
Personnel expense36,542,000,000
Technology telecommunications and equipment expense5,547,000,000
Occupancy expense3,205,000,000
Professional and outside services expense4,588,000,000
Advertising and promotion expense1,377,000,000
Other noninterest expense4,304,000,000
Total noninterest expense55,563,000,000
Income before income tax expense27,463,000,000
Income tax expense4,496,000,000
Net income before noncontrolling interests22,967,000,000
Net income from noncontrolling interests357,000,000
Net income22,610,000,000
Preferred stock dividends and other995,000,000
Net income applicable to common stock21,615,000,000
Diluted EPS6.88
Diluted shares3,143,700,000
Basic shares3,105,000,000
Cash flow
Operating cash flow19,170,000,000
Investing cash flow-253,872,000,000
Financing cash flow243,030,000,000
Cash and equivalents end of period201,461,000,000
Net change in cash8,328,000,000
Key metrics
Net charge offs3,973,000,000
Efficiency ratio %64.0%
Pre tax pre provision profit31,233,000,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. Wells Fargo reports in U.S. dollars; no currency translation was applied.

Segment definitions

Value
Reportable segmentsConsumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; Wealth and Investment Management
CorporateAll other business activities that are not included in the reportable operating segments are reported in Corporate.
Reconciling itemsTaxable-equivalent adjustments included in the segment results are eliminated here to reconcile to the consolidated totals, so the six segment columns sum to the consolidated company figure.

Notes

  • Wells Fargo is presented on a bank template rather than a revenue/cost-of-revenue template: the top of the income statement is net interest income plus noninterest income (which the filings add together and label total revenue), followed by the provision for credit losses and noninterest expense. There is no cost of revenue, gross profit or capital expenditure line in these filings, so none is reported here.
  • All figures come from two filings: the FY2025 Annual Report on Form 10-K (accession 0000072971-26-000133, filed February 24, 2026) and the Form 10-Q for the quarter ended June 30, 2026 (accession 0000072971-26-000302, filed July 28, 2026). Every period carries the accession of the filing whose printed column it was taken from.
  • Amounts are stated in actual U.S. dollars. The statements themselves are printed in millions and the share counts in millions, so a figure printed as 83,699 is stored here as 83,699,000,000 and a share count printed as 3,242.3 as 3,242,300,000. Per-share amounts, ratios and percentages are stored as the filings print them.
  • Annual coverage follows what the 10-K puts on its face: the income statement and cash flow statement present fiscal 2025, 2024 and 2023, while the balance sheet presents only December 31, 2025 and 2024. FY2023 therefore carries a partial balance sheet - total assets, loans, deposits, securities, equity, common stockholders' equity, tangible common equity and shares outstanding, which the 10-K's three-year summary table and its tangible common equity reconciliation do print - and no full liability detail, because that column is not in the filing.
  • Quarterly coverage likewise follows the filings. The 10-K's Quarterly Financial Data section prints a discrete condensed income statement for each of the eight quarters of 2025 and 2024, and the 10-Q prints the quarters ended June 30, 2026 and June 30, 2025. Those quarters are reported here as separate three-month periods. That quarterly section prints income statement lines only, so the four 2024 quarters and the first and third quarters of 2025 carry no balance sheet or capital ratios; the quarter ended December 31, 2025 does carry them, because it is a fiscal year end and the 10-K's balance sheet and capital tables present that date.
  • The quarter ended March 31, 2026 was derived, not copied: its income statement is the 10-Q's six months ended June 30, 2026 column less its quarter ended June 30, 2026 column. The result was checked against the same quarter as printed in the 10-Q's Summary Financial Data table, which independently states total revenue of $21,446 million, noninterest expense of $14,330 million, a provision of $1,135 million, net income of $5,253 million, net income applicable to common stock of $5,000 million and diluted earnings per common share of $1.60 - all of which the differenced figures reproduce exactly. Basic earnings per common share is not reported for that quarter because neither filing prints it and it cannot be obtained by subtraction.
  • The trailing-twelve-month view is the sum of the four quarters this record holds (Q3 2025, Q4 2025, Q1 2026 and Q2 2026). Its cash flow is the FY2025 full year plus the six months ended June 30, 2026 less the six months ended June 30, 2025; the resulting net change in cash of $8,328 million ties to the difference between the cash balances the 10-Q prints at June 30, 2026 and June 30, 2025.
  • Prior-period revision honored: in fourth quarter 2025 Wells Fargo changed the presentation of certain balance sheet items, including trading assets and liabilities and short-term borrowings, with corresponding changes to the income statement; it reclassified gains and losses on physical commodities inventory and the related hedges from other noninterest income into net gains from trading activities, reclassified lease income into other noninterest income, and reclassified operating losses into other noninterest expense. Prior periods were revised by the company to conform. Every figure here is on the revised basis as printed in the FY2025 10-K and the June 2026 10-Q, so the FY2024 and FY2023 columns will not match those companies' originally filed statements line for line even though total revenue and net income are unchanged.
  • Segment realignment: in third quarter 2025 approximately $8 billion of loans and approximately $6 billion of deposits for certain business customers were transferred prospectively from Commercial Banking to Consumer, Small and Business Banking within Consumer Banking and Lending. The transfer was prospective, so earlier segment periods were not restated.
  • Segment figures are reported for the four reportable segments plus Corporate and a reconciling-items column; the six columns sum to the consolidated company figure on every line, which was verified for each period reported here. Segment period-end loans, assets and deposits are printed only for December 31, 2025 and December 31, 2024.
  • Regulatory context: the 10-K notes an expense for a special award to employees related to the removal of the company's asset cap in 2025. The Federal Reserve removed that asset cap - the limitation on growth in total assets imposed by the February 2, 2018 consent order - on June 3, 2025, and on March 5, 2026 the Federal Reserve terminated the February 2018 consent order itself, which concerned board governance and oversight and the company's compliance and operational risk management program. That termination is disclosed in the Form 10-Q for the quarter ended March 31, 2026 (accession 0000072971-26-000217); it postdates the FY2025 10-K, which still describes the order as in effect. Separately, and still in force, is the September 12, 2024 formal agreement between Wells Fargo Bank, N.A. and the Office of the Comptroller of the Currency concerning the bank's anti-money-laundering and sanctions risk-management practices, described in the Form 10-Q for the quarter ended June 30, 2026 (accession 0000072971-26-000302). Other regulatory inquiries and legal matters described in that filing also remain open.
  • Return on average tangible common equity, tangible common equity and tangible book value per common share are non-GAAP measures the company defines and reconciles in its filings; they are reported here as the filings state them. Net interest margin is on a taxable-equivalent basis, the basis on which both filings present it.
  • The efficiency ratio is noninterest expense divided by total revenue, as the filings define it; return on average equity is net income applicable to common stock divided by average common stockholders' equity; return on average assets is Wells Fargo net income divided by average assets.
  • Common Equity Tier 1 is reported under both the Standardized and Advanced Approaches. The Standardized Approach was the company's binding framework at December 31, 2025 and at June 30, 2026.
  • No split, currency or depositary-receipt adjustment applies. Wells Fargo reports in U.S. dollars, is a domestic filer rather than an ADR issuer, and had no stock split in the period these filings cover.

Uncertainties

  • The quarter ended March 31, 2026 is a derived period. Its totals are confirmed against the 10-Q's own first-quarter column, but its individual noninterest income and noninterest expense components - and its interest income and interest expense - are subtractions rather than figures the filing prints on their own, because no first-quarter 2026 column of those line items appears in either filing.
  • Basic earnings per common share for the quarter ended March 31, 2026 is absent. It cannot be derived by subtraction because each period's per-share amount uses that period's own weighted-average share count.
  • The FY2023 balance sheet is partial by design. The FY2025 10-K's balance sheet presents only December 31, 2025 and 2024, so FY2023 carries only those balance-sheet items the 10-K's summary and tangible common equity tables print, and no total liabilities figure.
  • The four 2024 quarters and the first and third quarters of 2025 carry an income statement only. The 10-K's Quarterly Financial Data section does not print balance sheet, capital or credit metrics per quarter, and neither filing prints them elsewhere for those dates.
  • Trailing-twelve-month diluted earnings per common share of $6.88 is the sum of the four quarterly amounts, and the accompanying share counts are the simple average of the four quarterly weighted-average counts. No filing states a trailing-twelve-month per-share figure, and a weighted-average computation over the full twelve months could differ by about a cent.
  • Net charge-offs are reported for fiscal 2025, 2024 and 2023 and for the quarters ended June 30, 2026, March 31, 2026 and June 30, 2025 only; the filings do not print a per-quarter figure for the other quarters shown here.

Company details

Value
NameWells Fargo & Company/Mn
TickerWFC
CIK0000072971
ExchangeNYSE
StateCalifornia
IncorporationDelaware
SIC6021
OfficeFinance
IndustryNational Commercial Banks

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession0000072971-26-000302
Fiscal year end1231
Sourcefacts

FAQ · Wells Fargo financial statements

How much did Wells Fargo earn in Q2 FY2026?

Wells Fargo earned net income of $6.41 billion in Q2 FY2026, the quarter ended June 30, 2026, up 16.6% from $5.49 billion in the same quarter a year earlier. That worked out to $2.00 per diluted share, up 25.0%, with the per share figure rising faster than net income because share buybacks reduced the count of shares outstanding.

What was Wells Fargo's revenue in Q2 FY2026?

Wells Fargo reported $22.62 billion of revenue, net of interest expense, for Q2 FY2026, the quarter ended June 30, 2026. That is up 8.6% from $20.82 billion a year earlier, with growth in all four operating segments.

How much net interest income did Wells Fargo report in Q2 FY2026?

Wells Fargo reported net interest income of $12.32 billion for Q2 FY2026, up 5.2% from $11.71 billion a year earlier, on lower average deposit costs and higher loan and investment securities balances. The net interest margin still narrowed over the year, as growth came largely from lower yielding markets assets and interest bearing deposits.

What was Wells Fargo's efficiency ratio in Q2 FY2026?

Wells Fargo's efficiency ratio was 60.0% in Q2 FY2026, down 4.0 points from 64.0% a year earlier. A lower efficiency ratio means less noninterest expense for each dollar of revenue, and the improvement came from revenue growing far faster than expense.

Where can I get Wells Fargo & Company (WFC) financial data in machine-readable form?

Ticker Scout publishes Wells Fargo & Company's financial statements as JSON at https://tickerscout.ai/wfc/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/wfc/narrative.md and https://tickerscout.ai/wfc/events.md. Wells Fargo & Company's SEC CIK is 0000072971. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Wells Fargo & Company (WFC) next file with the SEC?

Wells Fargo & Company (WFC) is expected to file its next Form 10-Q with the SEC on or around October 30, 2026. That date is a projection rather than a company-announced date: it is derived from Wells Fargo & Company's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000072971-26-000302.

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How this page was built

This page was built from three of Wells Fargo & Company's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from Wells Fargo & Company's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.