Wells Fargo & Company
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Wells Fargo & Company's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $77,198,000,000. The net income raised on $19,142,000,000 and profit margin reached 25%. Total operating expenses were $48,530,000,000.
Profit Margin
| 2014 | 81.96B | 23.05B | 28.13% |
|---|---|---|---|
| 2015 | 83.82B | 22.89B | 27.31% |
| 2016 | 87.38B | 21.93B | 25.1% |
| 2017 | 87.12B | 22.18B | 25.46% |
| 2018 | 86.40B | 22.39B | 25.92% |
| 2019 | 85.06B | 19.71B | 23.18% |
| 2020 | 72.34B | 1.78B | 2.47% |
| 2021 | 78.49B | 22.10B | 28.17% |
| 2022 | 73.78B | 13.67B | 18.54% |
| 2023 | 77.19B | 19.14B | 24.8% |
WFC-PA Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 77.19B | 73.78B | 78.49B | 72.34B | 85.06B | 86.40B | 87.12B | 87.38B | 83.82B | 81.96B |
Cost of revenue | -5.39B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 82.59B | 73.78B | 78.49B | 72.34B | 85.06B | 86.40B | 87.12B | 87.38B | 83.82B | 81.96B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 812M | 505M | 600M | 600M | 1.07B | 857M | 614M | 595M | 606M | 653M |
Total operating expenses | 48.53B | 57.27B | 53.79B | 57.66B | 58.26B | 56.15B | 58.61B | 52.42B | 50.04B | 49.06B |
Operating income | 28.66B | 14.97B | 28.85B | 4.04B | 25.96B | 28.53B | 29.81B | 34.48B | 35.86B | 36.21B |
Other income (expenses), net | -7.03B | -1M | -35M | -9.18B | 24.19B | 28.53B | -19.54B | -2.36B | -13.53B | -13.57B |
Income before tax | 21.63B | 14.96B | 28.81B | 2.50B | 25.96B | 28.53B | 27.37B | 32.12B | 33.64B | 33.91B |
Income tax expense | 2.60B | 2.08B | 5.57B | 1.15B | 5.76B | 5.66B | 4.91B | 10.07B | 10.36B | 10.30B |
Net income | 19.14B | 13.67B | 22.10B | 1.78B | 19.71B | 22.39B | 22.18B | 21.93B | 22.89B | 23.05B |
Earnings per share | ||||||||||
Basic EPS | 4.88 | 3.17 | 4.99 | 0.43 | 4.08 | 4.67 | 4.14 | 4.03 | 4.18 | 4.17 |
Diluted EPS | 4.83 | 3.14 | 4.95 | 0.43 | 4.05 | 4.63 | 4.1 | 3.99 | 4.12 | 4.1 |
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