Wells Fargo & Company (WFC) Income Tax Expense
The tax expense for Wells Fargo & Company (WFC) is $3.84 Billion with a year-over-year change of +13.00%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
WFC Tax Expense Chart
Current Tax Expense
$3.84B
$3.84 Billion
Year-over-Year Change
+13.00%
vs. $3.40B prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $3.84B | +$442.00M | +13.00% |
| 2024 | $3.40B | +$792.00M | +30.38% |
| 2023 | $2.61B | +$356.00M | +15.82% |
| 2022 | $2.25B | $-3.51B | -60.95% |
| 2021 | $5.76B | +$6.92B | +598.18% |
| 2020 | $-1.16B | $-6.92B | -120.08% |
| 2019 | $5.76B | +$99.00M | +1.75% |
| 2018 | $5.66B | +$745.00M | +15.15% |
| 2017 | $4.92B | $-5.16B | -51.20% |
| 2016 | $10.07B | $-290.00M | -2.80% |
| 2015 | $10.37B | +$58.00M | +0.56% |
| 2014 | $10.31B | $-98.00M | -0.94% |
| 2013 | $10.40B | +$1.30B | +14.30% |
| 2012 | $9.10B | +$1.66B | +22.27% |
| 2011 | $7.45B | +$1.11B | +17.47% |
| 2010 | $6.34B | +$1.01B | +18.89% |
| 2009 | $5.33B | +$4.73B | +785.55% |
| 2008 | $602.00M | $-2.97B | -83.14% |
| 2007 | $3.57B | $-660.00M | -15.60% |
| 2006 | $4.23B | +$353.00M | +9.10% |
| 2005 | $3.88B | +$122.00M | +3.25% |
| 2004 | $3.75B | +$480.00M | +14.66% |
| 2003 | $3.27B | +$131.00M | +4.17% |
| 2002 | $3.14B | +$1.09B | +53.44% |
| 2001 | $2.05B | $-474.00M | -18.79% |
| 2000 | $2.52B | +$185.00M | +7.91% |
| 1999 | $2.34B | +$995.00M | +74.09% |
| 1998 | $1.34B | $-351.00M | -20.72% |
| 1997 | $1.69B | +$155.00M | +10.07% |
| 1996 | $1.54B | — | — |
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