Wells Fargo & Company (WFC) Operating Margin: 20.47%
Is Wells Fargo & Company’s operating margin high or low?
Wells Fargo & Company's operating margin of 20.47% is in line with its 5-year average of 19.19%, around the middle of its 5-year range (3.05%–35.58%).
The operating margin for Wells Fargo & Company (WFC) is 20.47% as of Wednesday, June 10, 2026. It is above its 12-month average by 4.89% (19.52%).
WFC Operating Margin Chart
WFC Average Operating Margin Chart
WFC Current vs Average Operating Margin Chart
WFC Operating Margin Metrics
OPERATING MARGIN
20.47%
OPERATING MARGIN AVG TTM
19.52%
OPERATING MARGIN AVG 3Y
19.13%
OPERATING MARGIN AVG 5Y
19.19%
OPERATING MARGIN AVG 10Y
24.40%
OPERATING MARGIN AVG 15Y
26.58%
OPERATING MARGIN AVG 20Y
25.14%
CURRENT VS TTM AVG
+4.89%
CURRENT VS 3Y AVG
+7.00%
CURRENT VS 5Y AVG
+6.66%
CURRENT VS 10Y AVG
-16.10%
CURRENT VS 15Y AVG
-22.98%
CURRENT VS 20Y AVG
-18.58%
WFC Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wells Fargo & Company (WFC) | — | 20.47% | 19.52% | 19.13% | 19.19% |
| Citigroup Inc. (C) | $228.07B | 12.79% | 10.88% | 12.21% | 16.43% |
| American Express Company (AXP) | $214.47B | 20.70% | 17.26% | 16.84% | 17.11% |
| The Goldman Sachs Group, Inc. (GS) | $296.20B | 20.48% | 15.98% | 15.38% | 21.07% |
| Morgan Stanley (MS) | $327.17B | 19.48% | 18.07% | 18.02% | 22.52% |
| BlackRock, Inc. (BLK) | $156.77B | 29.87% | 33.10% | 34.27% | 35.11% |
| The Charles Schwab Corporation (SCHW) | $156.50B | 43.04% | 35.50% | 34.52% | 35.70% |
| Chubb Limited (CB) | $128.60B | 18.61% | 21.11% | 19.08% | 18.64% |
| S&P Global Inc. (SPGI) | $126.25B | 43.88% | 40.76% | 39.48% | 42.90% |
| The Progressive Corporation (PGR) | $119.37B | 16.27% | 15.23% | 10.05% | 10.98% |
Operating Efficiency
Gross Margin
64.5%
Operating Margin
20.5%
Wells Fargo & Company Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Wells Fargo & Company Operating Margin FAQ
- What is the operating margin for Wells Fargo & Company (WFC)?
- The operating margin for WFC stock is 20.47%.
- Is Wells Fargo & Company's operating margin high or low?
- Wells Fargo & Company's operating margin of 20.47% is in line with its 5-year average of 19.19%, around the middle of its 5-year range (3.05%–35.58%).
- What is the TTM average operating margin for Wells Fargo & Company (WFC)?
- The TTM average operating margin for WFC stock is 19.52%.
- What is the 3Y average operating margin for Wells Fargo & Company (WFC)?
- The 3Y average operating margin for WFC stock is 19.13%.
- What is the 5Y average operating margin for Wells Fargo & Company (WFC)?
- The 5Y average operating margin for WFC stock is 19.19%.
- What is the 10Y average operating margin for Wells Fargo & Company (WFC)?
- The 10Y average operating margin for WFC stock is 24.40%.
- What is the 15Y average operating margin for Wells Fargo & Company (WFC)?
- The 15Y average operating margin for WFC stock is 26.58%.
- What is the 20Y average operating margin for Wells Fargo & Company (WFC)?
- The 20Y average operating margin for WFC stock is 25.14%.
Wells Fargo & Company Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 20.40% |
| 2024-12-31 | 18.63% |
| 2023-12-31 | 18.76% |
| 2022-12-31 | 18.73% |
| 2021-12-31 | 35.58% |
| 2020-12-31 | 3.05% |
| 2019-12-31 | 24.57% |
| 2018-12-31 | 28.24% |
| 2017-12-31 | 28.01% |
| 2016-12-31 | 34.11% |
| 2015-12-31 | 38.31% |
| 2014-12-31 | 39.44% |
| 2013-12-31 | 37.68% |
| 2012-12-31 | 31.72% |
| 2011-12-31 | 27.47% |
| 2010-12-31 | 20.55% |
| 2009-12-31 | 18.28% |
| 2008-12-31 | 6.30% |
| 2007-12-31 | 22.39% |
| 2006-12-31 | 26.78% |
| 2005-12-31 | 28.95% |
| 2004-12-31 | 32.16% |
| 2003-12-31 | 29.80% |
| 2002-12-31 | 30.29% |
| 2001-12-31 | 19.70% |
| 2000-12-31 | 23.76% |
| 1999-12-31 | 26.56% |
| 1998-12-31 | 16.08% |
| 1997-12-31 | 21.75% |
| 1996-12-31 | 21.39% |
Related Metrics
About Wells Fargo & Company
Wells Fargo & Company is a prominent global financial institution, offering a broad spectrum of services that encompass banking, investment management, mortgage lending, and various consumer and commercial finance solutions throughout the United States and internationally. Its operations are structured into four key divisions: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The Consumer Banking and Lending division caters to individual customers and small enterprises, providing a range of financial offerings. These include fundamental services like checking and savings accounts, credit and debit cards, and diverse loan products for homes, vehicles, personal use, and small business expansion. The Commercial Banking segment focuses on delivering financial solutions to private, family-owned, and select publicly traded companies. This involves comprehensive banking and credit services for various industries and municipal entities, alongside secured lending, leasing options, and treasury management support. For corporate, commercial real estate, government, and institutional clients, the Corporate and Investment Banking division delivers an extensive portfolio of capital markets, banking, and financial products. Key services include corporate and investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income strategies, complemented by robust sales, trading, and research support. Finally, the Wealth and Investment Management segment specializes in offering personalized wealth management, brokerage services, financial planning, lending, private banking, and trust and fiduciary solutions. These are primarily targeted at affluent, high-net-worth, and ultra-high-net-worth individuals, often delivered through a network of financial advisors. Established in 1852, Wells Fargo & Company maintains its headquarters in San Francisco, California.
- Sector
- Financial Services
- Industry
- Banks - Diversified
- CEO
- Charles W. Scharf