Wells Fargo & Company's Income Statement Analysis: Revenue to Profit Breakdown
Wells Fargo & Company's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$83.08 B | $83.44 B | $115.34 B | $125.40 B | $123.53 B | $125.70 B |
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Cost of Revenue Direct cost of goods/services. |
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-$240.00 M | $10.61 B | $38.14 B | $47.44 B | $43.49 B | $44.56 B |
Gross Profit Revenue minus cost of revenue. |
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$83.32 B | $72.83 B | $77.20 B | $77.96 B | $80.04 B | $81.14 B |
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Operating Expense
Costs to run business. |
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$53.76 B | $57.21 B | $55.56 B | $54.60 B | $54.84 B | $55.41 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$36.14 B | $35.60 B | $37.34 B | $37.23 B | $40.53 B | $32.48 B |
General and Administrative Corporate overhead costs. |
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$35.54 B | $35.09 B | $36.53 B | $36.36 B | $39.43 B | $31.20 B |
Sales and Marketing Customer acquisition costs. |
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$600.00 M | $505.00 M | $812.00 M | $869.00 M | $1.09 B | $1.28 B |
Other Expenses Other operating costs. |
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$17.62 B | $21.61 B | $18.22 B | $17.37 B | $14.32 B | $22.93 B |
Operating Income Profit from operations. |
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$29.56 B | $15.63 B | $21.64 B | $23.36 B | $25.20 B | $25.72 B |
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Net Interest Income
Interest income minus expense. |
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$35.78 B | $44.95 B | $52.38 B | $47.68 B | $47.48 B | $48.09 B |
Interest Income Income from investments. |
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$39.69 B | $54.02 B | $85.12 B | $90.78 B | $87.31 B | $88.79 B |
Interest Expense Cost of borrowing. |
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$3.92 B | $9.07 B | $32.74 B | $43.10 B | $39.83 B | $40.70 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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- | - | - | - | - | - |
Total Other Income (Net) Net non-operating items. |
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- | - | - | - | - | $130.00 M |
Income Before Tax Profit before taxes. |
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$29.56 B | $15.63 B | $21.64 B | $23.36 B | $25.20 B | $25.85 B |
Income Tax Expense Taxes on income. |
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$5.76 B | $2.25 B | $2.61 B | $3.40 B | $3.84 B | $4.05 B |
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Net Income
Final profit. |
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$22.11 B | $13.68 B | $19.14 B | $19.72 B | $21.34 B | $21.73 B |
Net Income From Continuing Operations Profit from core business. |
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$23.80 B | $13.38 B | $19.03 B | $19.97 B | $21.36 B | $21.81 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$4.99 | $3.17 | $4.88 | $5.43 | $6.39 | $6.60 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$4.99 | $3.14 | $4.83 | $5.37 | $6.32 | $6.53 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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4.06 B | 3.81 B | 3.69 B | 3.43 B | 3.18 B | 3.18 B |
Diluted Average Shares Outst. Shares including dilution. |
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4.10 B | 3.84 B | 3.72 B | 3.47 B | 3.22 B | 3.22 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$29.56 B | $15.63 B | $21.64 B | $23.36 B | $25.20 B | $25.72 B |
EBITDA Earnings before interest, tax, D&A. |
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$37.45 B | $22.46 B | $27.91 B | $30.92 B | $29.35 B | $31.58 B |
Depreciation and Amortization Non-cash expense for assets. |
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$7.89 B | $6.83 B | $6.27 B | $7.56 B | $4.15 B | $5.86 B |
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Wells Fargo & Company's Assets vs Liabilities & Equity
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