Wells FargoWFC

Wells FargoWFC

Revenue: is the business selling more than it used to?

$83.7B+2% YoYFY 2025

→Revenue reached $83.7B in 2025, compounding +4% a year since 2022 though the path has been bumpy. The trailing twelve months are already running at $86.8B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Net income: how much of that revenue becomes profit?

$21.3B+8% YoYFY 2025

→Net income was $21.3B in 2025, compounding +16% a year over three years. Trailing twelve-month profit stands at $22.6B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

How fast is it growing, year by year?

+1.7%revenue growth, FY 2025

→Revenue grew +2% in 2025 against a five-year average of +3%. Earnings grew faster (+8%), so each new dollar of sales is arriving more profitably. 2021's +555% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Revenue per share: is your slice growing as fast as the company?

$25.81revenue per share, FY 2025

→Revenue per share reached $25.81 in 2025, compounding +10% a year against +4% for WFC as a whole. Buybacks added roughly 6.0 points to your per-share result.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Margins: of every $1 of sales, how much survives each cost layer?

→Net margin stands at 25% in 2025. WFC doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

What does it earn on the money it uses?

→WFC earns 13% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

What has the market paid for WFC over time?

12.9xP/E today

→At 12.9x earnings, the market is paying +33% more than WFC's own 10-year median of 9.7x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Could it handle its debt if things went wrong?

→Debt of $207.3B sits against $201.5B of cash, or 1.2x shareholders' equity.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Is the company's own capital growing?

→The company's own capital shrank from $185.7B in 2023 to $180.2B (-3%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

How much goes back, and how much leaks out as stock comp?

→Shareholders received $17.5B in buybacks and $5.4B in dividends in 2025. Stock compensation issued $1.5B of new shares in the same year, offsetting 6% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

How fast is your ownership being diluted - or concentrated?

→The share count shrank 6.5% in 2025, averaging 5.4% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Is the dividend cheque growing?

→The dividend per share reached $1.68 in 2025, compounding +7% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Can it afford the dividend?

→The dividend consumed 25% of profit and 169% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Does WFC earn more on its capital than that capital costs?

→WFC earns 11.8% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 7.6% in 2022, so the trend is up, and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

WFC has issued or retired shares - did shareholders end up better off?

→WFC has shrunk its share count -39% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +49% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

What does WFC earn on the money it lends out?

→WFC earns 2.21% on its assets after paying for deposits and other funding. That is below the 2.86% median of the largest US banks. The spread has narrowed from 2.39% in 2022. This spread is where a bank's profit begins, so it drives everything below.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

How much does it cost to run the bank?

→It costs WFC 65.5% of every revenue dollar to run the bank, and lower is better here. Peers run at 65.4%, so WFC is carrying more cost per dollar of revenue. It has improved from 76.9% in 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Is it a lender, or a fee business?

→Roughly a third of WFC's revenue (43%) comes from fees rather than interest, on $83.7B of total revenue in 2025. The mix has tilted back towards lending since 2011, and fee income matters because it does not depend on interest rates.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

What is the bank setting aside for loans that go bad?

→WFC set aside $3.7B against expected credit losses in 2025, mid-range in its filed history. The sharpest move was 2020, when the charge went from $2.7B to $14.1B. Provisions rise before losses do, so this is the bank's own early read on borrower stress.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Wells FargoWFC

Is the lending funded by its own depositors?

→WFC holds $1.43T of deposits in 2025, +55% since 2011. Deposits are a bank's cheapest funding, and depositors leaving is the first sign of real trouble.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30