15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.2% per year over the past 5 years.
Net income has grown faster than revenue (44.6% vs -1.2% per year).
Financial health
Total debt ($193.0B) exceeds cash ($172.6B); net debt is $20.4B.
Total debt has grown slower than revenue (-6.6% vs -1.2% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 25.5% of earnings.
The dividend has grown 2.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
—
$21.3B
—
—
—
$193.0B
$172.6B
2024
—
$19.7B
—
—
—
$175.8B
$201.9B
2023
—
$19.1B
—
—
—
$297.1B
$236.1B
2022
—
$13.7B
—
—
—
$226.0B
$159.2B
2021
—
$22.1B
—
—
—
$195.1B
$234.2B
2020
—
$3.4B
—
—
—
$271.9B
$264.6B
2019
$85.1B
$19.7B
0.0%
0.0%
—
$332.7B
$141.3B
2018
$86.4B
$22.4B
0.0%
0.0%
—
$334.8B
$173.3B
2017
$88.4B
$22.2B
0.0%
0.0%
—
$328.3B
$215.9B
2016
$88.3B
$21.9B
0.0%
0.0%
—
$351.9B
$221.4B
2015
—
$22.9B
—
—
—
$297.1B
$239.5B
2014
—
$23.1B
—
—
—
$247.5B
$238.8B
2013
—
$21.9B
—
—
—
$206.9B
—
2012
—
$18.9B
—
—
—
$184.6B
—
2011
—
$15.9B
—
—
—
$174.4B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
—
$5.3B
—
—
—
$216.2B
$173.3B
Dec '25
—
$5.4B
—
—
—
$193.0B
$172.6B
Sep '25
—
$5.6B
—
—
—
$408.4B
$172.5B
Jun '25
—
$5.5B
—
—
—
$364.2B
$193.1B
Mar '25
—
$4.9B
—
—
—
$313.4B
$176.2B
Dec '24
—
$5.1B
—
—
—
$175.8B
$201.9B
Sep '24
—
$5.1B
—
—
—
$293.9B
$184.1B
Jun '24
—
$4.9B
—
—
—
$298.0B
$230.8B
Mar '24
—
$4.6B
—
—
—
$296.8B
$268.6B
Dec '23
—
$3.4B
—
—
—
$297.1B
$236.1B
Sep '23
—
$5.8B
—
—
—
$283.4B
$216.7B
Jun '23
—
$4.9B
—
—
—
$254.9B
$154.4B
Mar '23
—
$5.0B
—
—
—
$254.5B
$156.4B
Dec '22
—
$3.2B
—
—
—
$226.0B
$159.2B
Sep '22
—
$3.6B
—
—
—
$204.8B
$165.5B
Jun '22
—
$3.1B
—
—
—
$187.4B
$155.1B
Mar '22
—
$3.8B
—
—
—
$186.9B
$201.9B
Dec '21
—
$5.8B
—
—
—
$195.1B
$234.2B
Sep '21
—
$5.1B
—
—
—
$205.0B
$266.7B
Jun '21
—
$6.0B
—
—
—
$225.3B
$274.2B
Valuation over time
How the market has priced WFC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.4× (Mar '23) to 12.2× (Jun '26).
The dividend yield has fallen from 3.7% (Mar '23) to 2.1% (Jun '26).
Price / earnings (P/E)
P/E
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WFC growing its revenue and profit?
Over the past 5 years, Wells Fargo's revenue has declined 1.2% per year, and net income grown 44.6% per year. These are computed facts, not advice.
How much debt does WFC have?
As of FY2025, Wells Fargo reported $193.0B of total debt against $172.6B of cash.
What is WFC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is WFC's P/E ratio?
As of Jun '26, Wells Fargo traded at a price-to-earnings ratio of about 12.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.