How does Wells Fargo (WFC) make money?

Wells Fargo (WFC) primarily makes money through Community Banking, which accounts for 32.7% of total revenue. For TTM through Q1 2026, Wells Fargo generated $125.70B in total revenue with a net profit margin of 17.3%.

What is Wells Fargo (WFC) gross profit margin?

Wells Fargo (WFC) reported a gross profit margin of 64.5% for TTM through Q1 2026, equivalent to $81.14B in gross profit. This means Wells Fargo retains 64.5% of each revenue unit after direct costs of production.

What is Wells Fargo (WFC) operating profit margin?

Wells Fargo (WFC) reported an operating profit margin of 20.5% for TTM through Q1 2026, equivalent to $25.72B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Wells Fargo (WFC) net profit margin?

Wells Fargo (WFC) reported a net profit margin of 17.3% for TTM through Q1 2026, equivalent to $21.73B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

What is Wells Fargo (WFC) free cash flow?

Wells Fargo (WFC) generated −$19.00B in free cash flow for TTM through Q1 2026 (-15.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Wells Fargo (WFC) effective tax rate?

Wells Fargo (WFC) had an effective tax rate of 15.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Wells Fargo (WFC) Makes Money: A Visual Guide

Wells Fargo (WFC) generated $125.70B in revenue, earning $21.73B in net profit (17.3% margin). Its largest revenue source is Community Banking (32.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Wells Fargo (WFC) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 14, 2026).

Frequently asked questions

How does Wells Fargo (WFC) make money?: Wells Fargo (WFC) primarily makes money through Community Banking, which accounts for 32.7% of total revenue. For TTM through Q1 2026, Wells Fargo generated $125.70B in total revenue with a net profit margin of 17.3%.
What is Wells Fargo (WFC) gross profit margin?: Wells Fargo (WFC) reported a gross profit margin of 64.5% for TTM through Q1 2026, equivalent to $81.14B in gross profit. This means Wells Fargo retains 64.5% of each revenue unit after direct costs of production.
What is Wells Fargo (WFC) operating profit margin?: Wells Fargo (WFC) reported an operating profit margin of 20.5% for TTM through Q1 2026, equivalent to $25.72B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Wells Fargo (WFC) net profit margin?: Wells Fargo (WFC) reported a net profit margin of 17.3% for TTM through Q1 2026, equivalent to $21.73B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
What is Wells Fargo (WFC) free cash flow?: Wells Fargo (WFC) generated −$19.00B in free cash flow for TTM through Q1 2026 (-15.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Wells Fargo (WFC) effective tax rate?: Wells Fargo (WFC) had an effective tax rate of 15.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.