Wells Fargo & Company (WFC) Tax Rate: 15.24%
Is Wells Fargo & Company’s tax rate high or low?
Wells Fargo & Company's tax rate of 15.24% is 209% above its 5-year average of 4.93%, near the high end of its 5-year range (-46.19%–19.50%).
The tax rate for Wells Fargo & Company (WFC) is 15.24%. It is above its 12-month average by 2.32% (14.89%).
WFC Tax Rate Chart
WFC Average Tax Rate Chart
WFC Current vs Average Tax Rate Chart
WFC Tax Rate Metrics
TAX RATE
15.24%
TAX RATE AVG TTM
14.89%
TAX RATE AVG 3Y
14.06%
TAX RATE AVG 5Y
4.93%
TAX RATE AVG 10Y
13.79%
TAX RATE AVG 15Y
19.43%
TAX RATE AVG 20Y
21.71%
CURRENT VS TTM AVG
+2.32%
CURRENT VS 3Y AVG
+8.39%
CURRENT VS 5Y AVG
+209.44%
CURRENT VS 10Y AVG
+10.49%
CURRENT VS 15Y AVG
-21.54%
CURRENT VS 20Y AVG
-29.79%
Wells Fargo & Company Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Wells Fargo & Company Tax Rate FAQ
- What is the tax rate for Wells Fargo & Company (WFC)?
- The tax rate for WFC stock is 15.24%.
- Is Wells Fargo & Company's tax rate high or low?
- Wells Fargo & Company's tax rate of 15.24% is 209% above its 5-year average of 4.93%, near the high end of its 5-year range (-46.19%–19.50%).
- What is the TTM average tax rate for Wells Fargo & Company (WFC)?
- The TTM average tax rate for WFC stock is 14.89%.
- What is the 3Y average tax rate for Wells Fargo & Company (WFC)?
- The 3Y average tax rate for WFC stock is 14.06%.
- What is the 5Y average tax rate for Wells Fargo & Company (WFC)?
- The 5Y average tax rate for WFC stock is 4.93%.
- What is the 10Y average tax rate for Wells Fargo & Company (WFC)?
- The 10Y average tax rate for WFC stock is 13.79%.
- What is the 15Y average tax rate for Wells Fargo & Company (WFC)?
- The 15Y average tax rate for WFC stock is 19.43%.
- What is the 20Y average tax rate for Wells Fargo & Company (WFC)?
- The 20Y average tax rate for WFC stock is 21.71%.
Wells Fargo & Company Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 15.24% |
| 2024-12-31 | 14.55% |
| 2023-12-31 | 12.05% |
| 2022-12-31 | 14.40% |
| 2021-12-31 | 19.50% |
| 2020-12-31 | -46.19% |
| 2019-12-31 | 22.19% |
| 2018-12-31 | 19.84% |
| 2017-12-31 | 17.96% |
| 2016-12-31 | 31.37% |
| 2015-12-31 | 30.81% |
| 2014-12-31 | 30.39% |
| 2013-12-31 | 31.89% |
| 2012-12-31 | 31.97% |
| 2011-12-31 | 31.47% |
| 2010-12-31 | 33.36% |
| 2009-12-31 | 29.62% |
| 2008-12-31 | 18.24% |
| 2007-12-31 | 30.16% |
| 2006-12-31 | 33.44% |
| 2005-12-31 | 33.57% |
| 2004-12-31 | 34.87% |
| 2003-12-31 | 34.56% |
| 2002-12-31 | 35.51% |
| 2001-12-31 | 37.53% |
| 2000-12-31 | 38.52% |
| 1999-12-31 | 36.82% |
| 1998-12-31 | 40.78% |
| 1997-12-31 | 40.40% |
| 1996-12-31 | 40.85% |
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