TTM
20.5%
YoY change
+1.77pp
Trough year (2020)
3.0%
Peak year (2014)
39.4%
Latest annual
20.4%
Operating Margin history chart for Wells Fargo (WFC) from 1989 to 2025
Latest: 20.4%
Operating Margin change chart for Wells Fargo (WFC) from 1989 to 2025
Latest: +1.77pp
Operating Margin history table for Wells Fargo (WFC) from 1989 to 2025
| 2025 | 20.4% | +1.77pp | ||
| 2024 | 18.6% | -0.13pp | ||
| 2023 | 18.8% | +0.03pp | ||
| 2022 | 18.7% | -16.85pp | ||
| 2021 | 35.6% | +32.54pp | ||
| 2020 | 3.0% | -21.52pp | ||
| 2019 | 24.6% | -3.67pp | ||
| 2018 | 28.2% | +0.23pp | ||
| 2017 | 28.0% | -6.10pp | ||
| 2016 | 34.1% | -4.21pp | ||
| 2015 | 38.3% | -1.13pp | ||
| 2014 | 39.4% | +1.76pp | ||
| 2013 | 37.7% | +5.96pp | ||
| 2012 | 31.7% | +4.25pp | ||
| 2011 | 27.5% | +6.92pp | ||
| 2010 | 20.5% | +2.27pp | ||
| 2009 | 18.3% | +11.98pp | ||
| 2008 | 6.3% | -16.09pp | ||
| 2007 | 22.4% | -4.39pp | ||
| 2006 | 26.8% | -2.17pp | ||
| 2005 | 28.9% | -3.22pp | ||
| 2004 | 32.2% | +2.36pp | ||
| 2003 | 29.8% | -0.49pp | ||
| 2002 | 30.3% | +10.60pp | ||
| 2001 | 19.7% | -4.06pp | ||
| 2000 | 23.8% | -2.80pp | ||
| 1999 | 26.6% | +10.48pp | ||
| 1998 | 16.1% | -5.67pp | ||
| 1997 | 21.8% | +0.36pp | ||
| 1996 | 21.4% | +2.58pp | ||
| 1995 | 18.8% | -0.77pp | ||
| 1994 | 19.6% | +1.80pp | ||
| 1993 | 17.8% | +2.65pp | ||
| 1992 | 15.1% | +4.37pp | ||
| 1991 | 10.7% | -0.03pp | ||
| 1990 | 10.8% | -0.08pp | ||
| 1989 | 10.9% | — |
- 202520.4%+1.77pp
- 202418.6%-0.13pp
- 202318.8%+0.03pp
- 202218.7%-16.85pp
- 202135.6%+32.54pp
- 20203.0%-21.52pp
- 201924.6%-3.67pp
- 201828.2%+0.23pp
- 201728.0%-6.10pp
- 201634.1%-4.21pp
- 201538.3%-1.13pp
- 201439.4%+1.76pp
- 201337.7%+5.96pp
- 201231.7%+4.25pp
- 201127.5%+6.92pp
- 201020.5%+2.27pp
- 200918.3%+11.98pp
- 20086.3%-16.09pp
- 200722.4%-4.39pp
- 200626.8%-2.17pp
- 200528.9%-3.22pp
- 200432.2%+2.36pp
- 200329.8%-0.49pp
- 200230.3%+10.60pp
- 200119.7%-4.06pp
- 200023.8%-2.80pp
- 199926.6%+10.48pp
- 199816.1%-5.67pp
- 199721.8%+0.36pp
- 199621.4%+2.58pp
- 199518.8%-0.77pp
- 199419.6%+1.80pp
- 199317.8%+2.65pp
- 199215.1%+4.37pp
- 199110.7%-0.03pp
- 199010.8%-0.08pp
- 198910.9%—
Operating Margin values are taken from Wells Fargo's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Wells Fargo (WFC)
According to Wells Fargo's latest reported financial statements, the company's latest reported operating margin is 20.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Wells Fargo (WFC) operating margin totalled 20.40% – expanded 1.8 percentage points year-over-year.
2014 marks the peak operating margin at 39.44%, with the historical low of 3.05% recorded in 2020.
Wells Fargo Operating Margin by Year
Wells Fargo Operating Margin 2025: 20.4%
2025's operating margin for Wells Fargo came in at 20.40%, expanded 1.8 percentage points from 2024.
Wells Fargo Operating Margin 2024: 18.6%
Wells Fargo posted operating margin of 18.63% in 2024, contracted 0.1 percentage points from 2023.
Wells Fargo Operating Margin 2023: 18.8%
In 2023, Wells Fargo reported operating margin of 18.76%, expanded 0.0 percentage points from 2022.
Wells Fargo Operating Margin 2022: 18.7%
Wells Fargo operating margin in 2022 was 18.73%, contracted 16.9 percentage points from 2021.
Wells Fargo Operating Margin 2021: 35.6%
Wells Fargo operating margin in 2021 was 35.58%.
See more financial history for Wells Fargo (WFC).
Sector peers by Operating Margin
Financial Services peers of Wells Fargo (WFC), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 19.5% | |
| 16.1% | |
| 12.8% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 19.5%
- 12.8%
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