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 12% to $82,597,000,000. The net income raised on $19,142,000,000 and profit margin reached 23%. Total operating expenses were -$60,848,000,000.
Profit Margin
| 2014 | 81.96B | 23.05B | 28.13% |
|---|---|---|---|
| 2015 | 83.82B | 22.89B | 27.31% |
| 2016 | 86.72B | 21.93B | 25.3% |
| 2017 | 86.27B | 22.18B | 25.71% |
| 2018 | 86.40B | 22.39B | 25.92% |
| 2019 | 85.06B | 19.54B | 22.98% |
| 2020 | 72.34B | 3.37B | 4.67% |
| 2021 | 78.49B | 22.10B | 28.17% |
| 2022 | 73.78B | 13.67B | 18.54% |
| 2023 | 82.59B | 19.14B | 23.18% |
WFC.SW Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 82.59B | 73.78B | 78.49B | 72.34B | 85.06B | 86.40B | 86.27B | 86.72B | 83.82B | 81.96B |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 82.59B | 73.78B | 78.49B | 72.34B | 85.06B | 86.40B | 86.27B | 86.72B | 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 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | -60.84B | -56.27B | -51.36B | -72.04B | 31.28B | -43.70B | -49.82B | -48.80B | -46.59B | -44.57B |
Operating income | 21.74B | 17.51B | 27.12B | 296M | 23.70B | 42.70B | 36.45B | 37.92B | 37.23B | 37.38B |
Other income (expenses), net | -2.07B | -2.54B | 1.69B | -1.53B | 492M | -14.16B | -2.43B | -5.80B | -2.21B | -2.29B |
Income before tax | 21.63B | 14.96B | 28.81B | 581M | 24.19B | 28.53B | 27.37B | 32.12B | 33.64B | 33.91B |
Income tax expense | 2.60B | 2.08B | 5.57B | -3.00B | 4.15B | 5.66B | 4.91B | 10.07B | 10.36B | 10.30B |
Net income | 19.14B | 13.67B | 22.10B | 3.37B | 19.54B | 22.39B | 22.18B | 21.93B | 22.89B | 23.05B |
Earnings per share | ||||||||||
Basic EPS | 4.88 | 3.2 | 4.99 | 0.82 | 4.45 | 4.67 | 4.47 | 4.34 | 4.46 | 4.4 |
Diluted EPS | 4.83 | 3.2 | 4.99 | 0.82 | 4.42 | 4.63 | 4.42 | 4.29 | 4.39 | 4.33 |
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