How does Wells Fargo (WFC) make money?

Wells Fargo (WFC) generates revenue primarily from Community Banking, which accounted for 32.7% of total revenue in TTM through Q1 2026. The company reported $125.70B in revenue and converted 17.3% of it into net profit, equivalent to roughly $21.73B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Wells Fargo (WFC)?

Wells Fargo (WFC) reported a gross profit margin of 64.5% in TTM through Q1 2026, equivalent to $81.14B in gross profit on $125.70B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Wells Fargo (WFC)?

Wells Fargo (WFC) reported an operating profit margin of 20.5% in TTM through Q1 2026, equivalent to $25.72B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Wells Fargo (WFC)?

Wells Fargo (WFC) reported a net profit margin of 17.3% in TTM through Q1 2026, equivalent to $21.73B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Wells Fargo (WFC) profitable?

Yes. Wells Fargo (WFC) reported $21.73B in net income for TTM through Q1 2026, with a net profit margin of 17.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much free cash flow does Wells Fargo (WFC) generate?

Wells Fargo (WFC) generated $1.18B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 0.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Wells Fargo (WFC)?

Wells Fargo (WFC) had an effective tax rate of 15.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Wells Fargo (WFC)?

Wells Fargo (WFC) reports revenue across 7 reportable product segments, led by Community Banking at 32.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Wells Fargo Makes Money: 2026 Visual Revenue Map

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

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

Wells Fargo discloses geographic revenue only in annual filings. to view the full breakdown.

Wells Fargo (WFC) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Wells Fargo (WFC) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Community Banking	$41.15B	32.7%
Corporate and Investment Banking	$20.84B	16.6%
Investment Advice	$19.58B	15.6%
Wealth And Investment Management	$17.38B	13.8%
Wholesale Banking	$13.08B	10.4%
Card Interchange And Network Revenues	$7.90B	6.3%
Deposit Account	$5.75B	4.6%
Total	$125.70B	100%

Community Banking$41.15B
Corporate and Investment Banking$20.84B
Investment Advice$19.58B
Wealth And Investment Management$17.38B
Wholesale Banking$13.08B
Card Interchange And Network Revenues$7.90B
Deposit Account$5.75B
Total$125.70B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Wells Fargo (WFC) reports revenue across 7 operating segments; the largest segment was Community Banking at 32.7%, followed by Corporate and Investment Banking (16.6%) and Investment Advice (15.6%).

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