Gross Profit for Wells Fargo (WFC)
According to Wells Fargo's latest reported financial statements, the company's current gross profit (TTM) is $81.14B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
WFC
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$81.14B
YoY change
+2.7%
5Y CAGR
+5.9%
Peak year (2017)
$85.86B
Cumulative gross profit
$1.63T
Gross Profit history chart for Wells Fargo (WFC) from 1985 to 2025
Gross Profit history table for Wells Fargo (WFC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $80.04B | +2.7% | ||
| 2024 | $77.96B | +1.0% | ||
| 2023 | $77.20B | +6.0% | ||
| 2022 | $72.83B | -12.6% | ||
| 2021 | $83.32B | +38.6% | ||
| 2020 | $60.13B | -28.5% | ||
| 2019 | $84.14B | -0.6% | ||
| 2018 | $84.66B | -1.4% | ||
| 2017 | $85.86B | +1.6% | ||
| 2016 | $84.50B | +3.8% | ||
| 2015 | $81.39B | +1.0% | ||
| 2014 | $80.57B | +0.7% | ||
| 2013 | $80.00B | +3.4% | ||
| 2012 | $77.38B | +8.1% | ||
| 2011 | $71.57B | +4.2% | ||
| 2010 | $68.68B | +2.8% | ||
| 2009 | $66.83B | +150.7% | ||
| 2008 | $26.66B | -20.9% | ||
| 2007 | $33.72B | +3.0% | ||
| 2006 | $32.75B | +9.0% | ||
| 2005 | $30.05B | +7.5% | ||
| 2004 | $27.95B | +4.8% | ||
| 2003 | $26.67B | +13.2% | ||
| 2002 | $23.57B | +22.4% | ||
| 2001 | $19.25B | +4.8% | ||
| 2000 | $18.38B | +8.2% | ||
| 1999 | $16.99B | +22.5% | ||
| 1998 | $13.87B | +5.2% | ||
| 1997 | $13.18B | +5.5% | ||
| 1996 | $12.49B | +160.0% | ||
| 1995 | $4.81B | +12.3% | ||
| 1994 | $4.28B | +13.2% | ||
| 1993 | $3.78B | +24.5% | ||
| 1992 | $3.03B | +32.1% | ||
| 1991 | $2.30B | +42.4% | ||
| 1990 | $1.61B | +21.6% | ||
| 1989 | $1.33B | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from Wells Fargo's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Wells Fargo (WFC) most recent annual gross profit stands at $80.04B (2025) – edged up 2.7% year-over-year.
Wells Fargo gross profit has grown for 3 consecutive years, with a +5.9% compound annual growth rate over 2020–2025 (5 years).
Between 2017 and 2025, Wells Fargo gross profit declined 6.8%, falling from $85.86B to $80.04B.
The dataset's maximum gross profit sits at $85.86B (2017); the minimum reading of $0 dates to 1985.
Within Financial Services, Wells Fargo (WFC) ranks 4th among 8 peers we track. The peer median for gross profit is $70.30B.
Wells Fargo Gross Profit by Year
Wells Fargo Gross Profit 2025: $80.04B
Wells Fargo gross profit in 2025 was $80.04B, edged up 2.7% from 2024.
Wells Fargo Gross Profit 2024: $77.96B
Wells Fargo gross profit in 2024 was $77.96B, edged up 1.0% from 2023.
Wells Fargo Gross Profit 2023: $77.20B
Wells Fargo gross profit in 2023 was $77.20B, grew 6.0% from 2022.
Wells Fargo Gross Profit 2022: $72.83B
Wells Fargo gross profit in 2022 was $72.83B, declined 12.6% below 2021.
Wells Fargo Gross Profit 2021: $83.32B
Wells Fargo gross profit in 2021 was $83.32B.
See more financial history for Wells Fargo (WFC).
Sector peers — Gross Profit
Companies in the same sector as Wells Fargo, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Citigroup Inc. (C) | $74.98B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Wells Fargo's gross profit?
- Latest reported gross profit for Wells Fargo (WFC) is $81.14B (period ending March 31, 2026).
How has Wells Fargo gross profit changed year-over-year?
- Wells Fargo (WFC) gross profit changed +2.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Wells Fargo gross profit?
- Wells Fargo (WFC) gross profit compound annual growth rate is +5.9% over the most recent 5 years available.
When did Wells Fargo gross profit hit its highest annual value?
- Wells Fargo gross profit reached its highest annual value of $85.86B in 2017.
What was Wells Fargo gross profit in 2024?
- Wells Fargo (WFC) gross profit in 2024 was $77.96B.
What was Wells Fargo gross profit in 2025?
- Wells Fargo (WFC) gross profit in 2025 was $80.04B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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