Wells Fargo (WFC) Debt/Equity Ratio: History & Chart

Wells Fargo & Company(WFC)

Banks - Diversified · San Francisco, CA

$89.67+0.00 (+0.00%)

Delayed quote: Sep 9, 2026, 4:02 PM EDT

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The company’s financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. In addition, it offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

San Francisco, CA

197,466 employees

www.wellsfargo.com

Financial Services / Banks - Diversified

Sector: Financial Services
Industry: Banks - Diversified
CEO: Charles W. Scharf

View full financials

WFC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

2.55

DEBT TO EQUITY RATIO AVG TTM

2.34

DEBT TO EQUITY RATIO AVG 3Y

1.89

DEBT TO EQUITY RATIO AVG 5Y

1.61

DEBT TO EQUITY RATIO AVG 10Y

1.55

DEBT TO EQUITY RATIO AVG 15Y

1.50

DEBT TO EQUITY RATIO AVG 20Y

1.65

CURRENT VS TTM AVG

+8.98%

CURRENT VS 3Y AVG

+35.15%

CURRENT VS 5Y AVG

+58.64%

CURRENT VS 10Y AVG

+63.92%

CURRENT VS 15Y AVG

+70.34%

CURRENT VS 20Y AVG

+54.59%

SECTOR MEDIAN · FINANCIAL SERVICES

0.65

median of 101 covered companies

CURRENT VS SECTOR MEDIAN

+292.01%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Wells Fargo & Company (WFC)	$271.16B	2.55	2.34	1.89	1.61
The Goldman Sachs Group, Inc. (GS)vs ›	$303.50B	6.04	4.97	4.66	4.58
Citigroup Inc. (C)vs ›	$236.33B	3.84	3.10	2.93	2.76
American Express Company (AXP)vs ›	$217.31B	1.72	1.71	1.74	1.79
Morgan Stanley (MS)vs ›	$339.64B	4.75	3.85	3.55	3.32
The Toronto-Dominion Bank (TD)vs ›	$201.29B	2.35	5.47	5.13	4.87
The Charles Schwab Corporation (SCHW)vs ›	$185.29B	0.74	0.78	1.01	0.78
Vanguard FTSE Emerging Markets ETF (VWO)vs ›	$169.94B	N/A	N/A	N/A	N/A
BlackRock, Inc. (BLK)vs ›	$166.16B	0.26	0.29	0.26	0.25
Interactive Brokers Group, Inc. (IBKR)vs ›	$156.01B	7.69	1.90	2.53	3.36

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Wells Fargo & Company (WFC)

$271.16B

2.55

2.34

1.89

1.61

The Goldman Sachs Group, Inc. (GS)vs ›

$303.50B

6.04

4.97

4.66

4.58

Citigroup Inc. (C)vs ›

$236.33B

3.84

3.10

2.93

2.76

American Express Company (AXP)vs ›

$217.31B

1.72

1.71

1.74

1.79

Morgan Stanley (MS)vs ›

$339.64B

4.75

3.85

3.55

3.32

The Toronto-Dominion Bank (TD)vs ›

$201.29B

2.35

5.47

5.13

4.87

The Charles Schwab Corporation (SCHW)vs ›

$185.29B

0.74

0.78

1.01

0.78

Vanguard FTSE Emerging Markets ETF (VWO)vs ›

$169.94B

N/A

BlackRock, Inc. (BLK)vs ›

$166.16B

0.26

0.29

0.26

0.25

Interactive Brokers Group, Inc. (IBKR)vs ›

$156.01B

7.69

1.90

2.53

3.36

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Wells Fargo & Company (WFC)?

The debt to equity ratio for WFC stock is 2.55.

Is Wells Fargo & Company's debt to equity ratio high or low?

The debt to equity ratio of 2.55 is 59% above its 5-year average of 1.61, near the high end of its 5-year range (1.04–2.55).

What is the TTM average debt to equity ratio for Wells Fargo & Company (WFC)?

The TTM average debt to equity ratio for WFC stock is 2.34.

What is the 3Y average debt to equity ratio for Wells Fargo & Company (WFC)?

The 3Y average debt to equity ratio for WFC stock is 1.89.

What is the 5Y average debt to equity ratio for Wells Fargo & Company (WFC)?

The 5Y average debt to equity ratio for WFC stock is 1.61.

What is the 10Y average debt to equity ratio for Wells Fargo & Company (WFC)?

The 10Y average debt to equity ratio for WFC stock is 1.55.

What is the 15Y average debt to equity ratio for Wells Fargo & Company (WFC)?

The 15Y average debt to equity ratio for WFC stock is 1.50.

What is the 20Y average debt to equity ratio for Wells Fargo & Company (WFC)?

The 20Y average debt to equity ratio for WFC stock is 1.65.

DATE	DEBT TO EQUITY RATIO
2026-06-30	2.55
2026-03-31	2.53
2025-12-31	2.35
2025-09-30	2.25
2025-06-30	2.01
2025-03-31	1.73
2024-12-31	1.57
2024-09-30	1.60
2024-06-30	1.69
2024-03-31	1.64
2023-12-31	1.60
2023-09-30	1.57
2023-06-30	1.41
2023-03-31	1.40
2022-12-31	1.25
2022-09-30	1.16
2022-06-30	1.06
2022-03-31	1.04
2021-12-31	1.04
2021-09-30	1.08
2021-06-30	1.18
2021-03-31	1.29
2020-12-31	1.47
2020-09-30	1.50
2020-06-30	1.62
2020-03-31	1.80
2019-12-31	1.78
2019-09-30	1.83
2019-06-30	1.79
2019-03-31	1.73
2018-12-31	1.71
2018-09-30	1.64
2018-06-30	1.58
2018-03-31	1.60
2017-12-31	1.59
2017-09-30	1.63
2017-06-30	1.64
2017-03-31	1.76
2016-12-31	1.76
2016-09-30	1.89
2016-06-30	1.83
2016-03-31	1.70
2015-12-31	1.54
2015-09-30	1.42
2015-06-30	1.39
2015-03-31	1.38
2014-12-31	1.34
2014-09-30	1.36
2014-06-30	1.27
2014-03-31	1.20
2013-12-31	1.22
2013-09-30	1.23
2013-06-30	1.11
2013-03-31	1.15
2012-12-31	1.17
2012-09-30	1.18
2012-06-30	1.22
2012-03-31	1.24
2011-12-31	1.24
2011-09-30	1.34
2011-06-30	1.44
2011-03-31	1.52
2010-12-31	1.68
2010-09-30	1.73
2010-06-30	1.92
2010-03-31	2.12
2009-12-31	2.17
2009-09-30	2.01
2009-06-30	2.49
2009-03-31	3.22
2008-12-31	3.79
2008-09-30	4.10
2008-06-30	3.96
2008-03-31	3.26
2007-12-31	3.21
2007-09-30	2.88
2007-06-30	2.85
2007-03-31	2.24
2006-12-31	2.18
2006-09-30	2.18
2006-06-30	2.32
2006-03-31	2.52
2005-12-31	2.55
2005-09-30	2.56
2005-06-30	2.57
2005-03-31	2.63
2004-12-31	2.52
2004-09-30	2.61
2004-06-30	2.69
2004-03-31	2.65
2003-12-31	2.56
2003-09-30	2.72
2003-06-30	2.66
2003-03-31	2.70
2002-12-31	2.76
2002-09-30	2.63

DATE

DEBT TO EQUITY RATIO

2026-06-30

2.55

2026-03-31

2.53

2025-12-31

2.35

2025-09-30

2.25

2025-06-30

2.01

2025-03-31

1.73

2024-12-31

1.57

2024-09-30

1.60

2024-06-30

1.69

2024-03-31

1.64

2023-12-31

1.60

2023-09-30

1.57

2023-06-30

1.41

2023-03-31

1.40

2022-12-31

1.25

2022-09-30

1.16

2022-06-30

1.06

2022-03-31

1.04

2021-12-31

1.04

2021-09-30

1.08

2021-06-30

1.18

2021-03-31

1.29

2020-12-31

1.47

2020-09-30

1.50

2020-06-30

1.62

2020-03-31

1.80

2019-12-31

1.78

2019-09-30

1.83

2019-06-30

1.79

2019-03-31

1.73

2018-12-31

1.71

2018-09-30

1.64

2018-06-30

1.58

2018-03-31

1.60

2017-12-31

1.59

2017-09-30

1.63

2017-06-30

1.64

2017-03-31

1.76

2016-12-31

1.76

2016-09-30

1.89

2016-06-30

1.83

2016-03-31

1.70

2015-12-31

1.54

2015-09-30

1.42

2015-06-30

1.39

2015-03-31

1.38

2014-12-31

1.34

2014-09-30

1.36

2014-06-30

1.27

2014-03-31

1.20

2013-12-31

1.22

2013-09-30

1.23

2013-06-30

1.11

2013-03-31

1.15

2012-12-31

1.17

2012-09-30

1.18

2012-06-30

1.22

2012-03-31

1.24

2011-12-31

1.24

2011-09-30

1.34

2011-06-30

1.44

2011-03-31

1.52

2010-12-31

1.68

2010-09-30

1.73

2010-06-30

1.92

2010-03-31

2.12

2009-12-31

2.17

2009-09-30

2.01

2009-06-30

2.49

2009-03-31

3.22

2008-12-31

3.79

2008-09-30

4.10

2008-06-30

3.96

2008-03-31

3.26

2007-12-31

3.21

2007-09-30

2.88

2007-06-30

2.85

2007-03-31

2.24

2006-12-31

2.18

2006-09-30

2.18

2006-06-30

2.32

2006-03-31

2.52

2005-12-31

2.55

2005-09-30

2.56

2005-06-30

2.57

2005-03-31

2.63

2004-12-31

2.52

2004-09-30

2.61

2004-06-30

2.69

2004-03-31

2.65

2003-12-31

2.56

2003-09-30

2.72

2003-06-30

2.66

2003-03-31

2.70

2002-12-31

2.76

2002-09-30

2.63

Debt to Equity Ratio: 2.55

WFC Debt to Equity Ratio

WFC Average Debt to Equity Ratio Chart

WFC Current vs Average Debt to Equity Ratio Chart

WFC Debt to Equity Ratio Metrics

WFC Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

WFC Debt to Equity Ratio History

Related Metrics