54/100B84.800
USD
-2.62
(-3.00%)
Post Trading·84.720USD-0.080(-0.09%)
Last updated: · Delayed 15 min
Fair value102.95Plus-18%81Price 84.80113
Q4 FY2026 · Earnings report
EPS estimate 1.84Revenue estimate 22.36B
Q4 FY2026 · Earnings report
EPS estimate 1.84Revenue estimate 22.36B
Wells Fargo & Co return on equity (ROE)
Wells Fargo & Co's return on equity is 13.25%: net income of 23.30B USD over the last twelve months on shareholders' equity of 175.76B USD.
- Today
- 13.25%
- Average, 5 years
- 10.79%
- Low, 5 years
- 7.28%
- High, 5 years
- 13.25%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 23.30B ÷ 175.76B = 13.25%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
Why is Wells Fargo & Co's return on equity so high?
Net margin
25.5%
profit on each dollar of sales
×
Asset turnover
0.04×
sales on each dollar of assets
×
Equity multiplier
11.86×
assets on each dollar of equity
=
Return on equity
11.8%
FY2025
- FY202525.5% × 0.04 × 11.86 = 11.8%
- FY202424.0% × 0.04 × 10.77 = 11.0%
- FY202323.2% × 0.04 × 10.40 = 10.3%
- FY202218.4% × 0.04 × 10.44 = 7.6%
- FY202127.9% × 0.04 × 10.38 = 11.8%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 13.25% | 23.30B | 175.76B | |
| FY2025 | 31 Dec 2025 | 11.79% | 21.36B | 181.12B |
| FY2024 | 31 Dec 2024 | 11.15% | 19.97B | 179.12B |
| FY2023 | 31 Dec 2023 | 10.31% | 19.14B | 185.74B |
| FY2022 | 31 Dec 2022 | 7.42% | 13.38B | 180.23B |
| FY2021 | 31 Dec 2021 | 12.69% | 23.80B | 187.61B |
| FY2020 | 31 Dec 2020 | 1.98% | 3.66B | 184.68B |
| FY2019 | 31 Dec 2019 | 10.80% | 20.21B | 187.15B |
| FY2018 | 31 Dec 2018 | 11.66% | 22.88B | 196.17B |
| FY2017 | 31 Dec 2017 | 10.85% | 22.46B | 206.94B |
| FY2016 | 31 Dec 2016 | 11.05% | 22.05B | 199.58B |
| FY2015 | 31 Dec 2015 | 12.06% | 23.28B | 193.00B |
| FY2014 | 31 Dec 2014 | 12.80% | 23.61B | 184.39B |
| FY2013 | 31 Dec 2013 | 13.06% | 22.22B | 170.14B |
| FY2012 | 31 Dec 2012 | 12.29% | 19.37B | 157.55B |
| FY2011 | 31 Dec 2011 | 11.56% | 16.21B | 140.24B |
| FY2010 | 31 Dec 2010 | 10.02% | 12.66B | 126.41B |
| FY2009 | 31 Dec 2009 | 11.33% | 12.67B | 111.79B |
| FY2008 | 31 Dec 2008 | 2.72% | 2.70B | 99.08B |
| FY2007 | 31 Dec 2007 | 17.35% | 8.27B | 47.63B |
| FY2006 | 31 Dec 2006 | 18.38% | 8.42B | 45.81B |
| FY2005 | 31 Dec 2005 | 18.87% | 7.67B | 40.66B |
| FY2004 | 31 Dec 2004 | 18.52% | 7.01B | 37.87B |
| FY2003 | 31 Dec 2003 | 17.99% | 6.20B | 34.47B |
| FY2002 | 31 Dec 2002 | 17.92% | 5.43B | 30.32B |
| FY2001 | 31 Dec 2001 | 12.58% | 3.42B | 27.21B |
| FY2000 | 31 Dec 2000 | 15.20% | 4.03B | 26.49B |
| FY1999 | 31 Dec 1999 | 16.81% | 4.01B | 23.87B |
| FY1998 | 31 Dec 1998 | 9.39% | 1.95B | 20.76B |
| FY1997 | 31 Dec 1997 | 12.64% | 2.50B | 19.78B |
| FY1996 | 31 Dec 1996 | 36.74% | 2.23B | 6.06B |
| FY1995 | 31 Dec 1995 | 18.00% | 956.00M | 5.31B |
| FY1994 | 31 Dec 1994 | 20.81% | 800.40M | 3.85B |
| FY1993 | 31 Dec 1993 | 18.32% | 653.60M | 3.57B |
| FY1992 | 31 Dec 1992 | 16.87% | 518.40M | 3.07B |
| FY1991 | 31 Dec 1991 | 15.38% | 398.50M | 2.59B |
| FY1990 | 31 Dec 1990 | 17.13% | 280.60M | 1.64B |
| FY1989 | 31 Dec 1989 | 18.55% | 237.00M | 1.28B |
| FY1988 | 31 Dec 1988 | — | 211.20M | — |
| FY1987 | 31 Dec 1987 | — | -29.80M | — |
| FY1986 | 31 Dec 1986 | — | 121.70M | — |
| FY1985 | 31 Dec 1985 | — | 107.60M | — |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 13.25% | 23.30B | 175.76B |
| Q2 FY2026 | 30 Jun 2026 | 12.75% | 22.97B | 180.19B |
| Q1 FY2026 | 31 Mar 2026 | 12.24% | 21.84B | 178.40B |
| Q4 FY2025 | 31 Dec 2025 | 11.79% | 21.36B | 181.12B |
| Q3 FY2025 | 30 Sept 2025 | 11.70% | 21.20B | 181.15B |
| Q2 FY2025 | 30 Jun 2025 | 11.46% | 20.76B | 181.11B |
| Q1 FY2025 | 31 Mar 2025 | 11.12% | 20.15B | 181.09B |
| Q4 FY2024 | 31 Dec 2024 | 11.15% | 19.97B | 179.12B |
| Q3 FY2024 | 30 Sept 2024 | 9.94% | 18.21B | 183.27B |
| Q2 FY2024 | 30 Jun 2024 | 10.66% | 18.81B | 176.43B |
| Q1 FY2024 | 31 Mar 2024 | 10.39% | 18.80B | 180.94B |
| Q4 FY2023 | 31 Dec 2023 | 10.26% | 19.06B | 185.74B |
| Q3 FY2023 | 30 Sept 2023 | 10.06% | 18.18B | 180.72B |
| Q2 FY2023 | 30 Jun 2023 | 8.88% | 16.00B | 180.19B |
| Q1 FY2023 | 31 Mar 2023 | 7.77% | 14.08B | 181.17B |
| Q4 FY2022 | 31 Dec 2022 | 7.28% | 13.11B | 180.23B |
| Q3 FY2022 | 30 Sept 2022 | 9.58% | 16.89B | 176.19B |
| Q2 FY2022 | 30 Jun 2022 | 10.53% | 18.70B | 177.53B |
| Q1 FY2022 | 31 Mar 2022 | 12.53% | 22.47B | 179.24B |
| Q4 FY2021 | 31 Dec 2021 | 12.39% | 23.24B | 187.61B |
| Q3 FY2021 | 30 Sept 2021 | 10.60% | 20.03B | 189.03B |
| Q2 FY2021 | 30 Jun 2021 | 9.43% | 18.03B | 191.26B |
| Q1 FY2021 | 31 Mar 2021 | 4.14% | 7.75B | 187.22B |
| Q4 FY2020 | 31 Dec 2020 | 1.93% | 3.56B | 184.68B |
| Q3 FY2020 | 30 Sept 2020 | 1.82% | 3.29B | 181.17B |
| Q2 FY2020 | 30 Jun 2020 | 2.62% | 4.71B | 179.39B |
| Q1 FY2020 | 31 Mar 2020 | 7.98% | 14.58B | 182.72B |
| Q4 FY2019 | 31 Dec 2019 | 10.71% | 20.04B | 187.15B |
| Q3 FY2019 | 30 Sept 2019 | 12.04% | 23.27B | 193.30B |
| Q2 FY2019 | 30 Jun 2019 | 12.33% | 24.55B | 199.04B |
| Q1 FY2019 | 31 Mar 2019 | 11.89% | 23.52B | 197.83B |
| Q4 FY2018 | 31 Dec 2018 | 11.66% | 22.88B | 196.17B |
| Q3 FY2018 | 30 Sept 2018 | 11.64% | 23.13B | 198.74B |
| Q2 FY2018 | 30 Jun 2018 | 10.55% | 21.65B | 205.19B |
| Q1 FY2018 | 31 Mar 2018 | 10.85% | 22.23B | 204.95B |
| Q4 FY2017 | 31 Dec 2017 | 10.94% | 22.63B | 206.94B |
| Q3 FY2017 | 30 Sept 2017 | 10.45% | 21.52B | 205.93B |
| Q2 FY2017 | 30 Jun 2017 | 11.00% | 22.58B | 205.23B |
| Q1 FY2017 | 31 Mar 2017 | 11.05% | 22.26B | 201.50B |
| Q4 FY2016 | 31 Dec 2016 | 11.05% | 22.05B | 199.58B |
| Q3 FY2016 | 30 Sept 2016 | 11.02% | 22.36B | 203.03B |
| Q2 FY2016 | 30 Jun 2016 | 11.25% | 22.69B | 201.75B |
| Q1 FY2016 | 31 Mar 2016 | 11.60% | 22.91B | 197.50B |
| Q4 FY2015 | 31 Dec 2015 | 12.06% | 23.28B | 193.00B |
| Q3 FY2015 | 30 Sept 2015 | 12.14% | 23.45B | 193.05B |
| Q2 FY2015 | 30 Jun 2015 | 12.35% | 23.42B | 189.56B |
| Q1 FY2015 | 31 Mar 2015 | 12.40% | 23.42B | 188.80B |
| Q4 FY2014 | 31 Dec 2014 | 12.80% | 23.61B | 184.39B |
| Q3 FY2014 | 30 Sept 2014 | 12.89% | 23.53B | 182.48B |
| Q2 FY2014 | 30 Jun 2014 | 12.86% | 23.26B | 180.86B |
| Q1 FY2014 | 31 Mar 2014 | 13.14% | 23.08B | 175.65B |
| Q4 FY2013 | 31 Dec 2013 | 13.06% | 22.22B | 170.14B |
| Q3 FY2013 | 30 Sept 2013 | 13.05% | 21.81B | 167.17B |
| Q2 FY2013 | 30 Jun 2013 | 13.02% | 21.16B | 162.42B |
| Q1 FY2013 | 31 Mar 2013 | 12.50% | 20.27B | 162.09B |
| Q4 FY2012 | 31 Dec 2012 | 12.29% | 19.37B | 157.55B |
| Q3 FY2012 | 30 Sept 2012 | 11.80% | 18.25B | 154.68B |
| Q2 FY2012 | 30 Jun 2012 | 11.73% | 17.37B | 148.07B |
| Q1 FY2012 | 31 Mar 2012 | 11.49% | 16.72B | 145.52B |
| Q4 FY2011 | 31 Dec 2011 | 11.56% | 16.21B | 140.24B |
| Q3 FY2011 | 30 Sept 2011 | 11.27% | 15.52B | 137.77B |
| Q2 FY2011 | 30 Jun 2011 | 10.85% | 14.80B | 136.40B |
| Q1 FY2011 | 31 Mar 2011 | 10.40% | 13.88B | 133.47B |
| Q4 FY2010 | 31 Dec 2010 | 10.02% | 12.66B | 126.41B |
| Q3 FY2010 | 30 Sept 2010 | 9.85% | 12.18B | 123.66B |
| Q2 FY2010 | 30 Jun 2010 | 10.08% | 12.07B | 119.77B |
| Q1 FY2010 | 31 Mar 2010 | 10.49% | 12.18B | 116.14B |
| Q4 FY2009 | 31 Dec 2009 | 11.33% | 12.67B | 111.79B |
| Q3 FY2009 | 30 Sept 2009 | 5.67% | 6.92B | 122.15B |
| Q2 FY2009 | 30 Jun 2009 | 4.57% | 5.24B | 114.62B |
| Q1 FY2009 | 31 Mar 2009 | 3.77% | 3.78B | 100.30B |
| Q4 FY2008 | 31 Dec 2008 | 2.72% | 2.69B | 99.08B |
| Q3 FY2008 | 30 Sept 2008 | 14.22% | 6.68B | 46.96B |
| Q2 FY2008 | 30 Jun 2008 | 15.27% | 7.32B | 47.96B |
| Q1 FY2008 | 31 Mar 2008 | 16.22% | 7.81B | 48.16B |
| Q4 FY2007 | 31 Dec 2007 | 16.92% | 8.06B | 47.63B |
| Q3 FY2007 | 30 Sept 2007 | 18.83% | 8.99B | 47.74B |
| Q2 FY2007 | 30 Jun 2007 | 18.81% | 8.90B | 47.30B |
| Q1 FY2007 | 31 Mar 2007 | 18.88% | 8.71B | 46.14B |
| Q4 FY2006 | 31 Dec 2006 | 18.51% | 8.48B | 45.81B |
| Q3 FY2006 | 30 Sept 2006 | 18.35% | 8.23B | 44.86B |
| Q2 FY2006 | 30 Jun 2006 | 19.12% | 8.01B | 41.89B |
| Q1 FY2006 | 31 Mar 2006 | 18.67% | 7.83B | 41.96B |
| Q4 FY2005 | 31 Dec 2005 | 18.87% | 7.67B | 40.66B |
| Q3 FY2005 | 30 Sept 2005 | 18.89% | 7.53B | 39.84B |
| Q2 FY2005 | 30 Jun 2005 | 18.58% | 7.30B | 39.28B |
| Q1 FY2005 | 31 Mar 2005 | 18.46% | 7.10B | 38.48B |
| Q4 FY2004 | 31 Dec 2004 | 18.52% | 7.01B | 37.87B |
| Q3 FY2004 | 30 Sept 2004 | 18.68% | 6.85B | 36.68B |
| Q2 FY2004 | 30 Jun 2004 | 18.79% | 6.67B | 35.48B |
| Q1 FY2004 | 31 Mar 2004 | 18.27% | 6.48B | 35.44B |
| Q4 FY2003 | 31 Dec 2003 | 17.99% | 6.20B | 34.47B |
| Q3 FY2003 | 30 Sept 2003 | 18.67% | 6.04B | 32.37B |
| Q2 FY2003 | 30 Jun 2003 | 18.37% | 5.93B | 32.28B |
| Q1 FY2003 | 31 Mar 2003 | 18.92% | 5.82B | 30.77B |
| Q4 FY2002 | 31 Dec 2002 | 17.92% | 5.43B | 30.32B |
| Q3 FY2002 | 30 Sept 2002 | 17.12% | 5.15B | 30.07B |
| Q2 FY2002 | 30 Jun 2002 | 16.49% | 4.87B | 29.53B |
| Q1 FY2002 | 31 Mar 2002 | 11.87% | 3.36B | 28.33B |
| Q4 FY2001 | 31 Dec 2001 | 12.58% | 3.42B | 27.21B |
| Q3 FY2001 | 30 Sept 2001 | 11.53% | 3.15B | 27.32B |
| Q2 FY2001 | 30 Jun 2001 | 10.47% | 2.83B | 27.06B |
| Q1 FY2001 | 31 Mar 2001 | 14.63% | 3.93B | 26.87B |
| Q4 FY2000 | 31 Dec 2000 | 14.36% | 3.81B | 26.49B |
| Q3 FY2000 | 30 Sept 2000 | 15.35% | 3.87B | 25.19B |
| Q2 FY2000 | 30 Jun 2000 | 17.21% | 3.98B | 23.13B |
| Q1 FY2000 | 31 Mar 2000 | 16.52% | 3.90B | 23.63B |
| Q4 FY1999 | 31 Dec 1999 | 15.70% | 3.75B | 23.87B |
| Q3 FY1999 | 30 Sept 1999 | 16.16% | 3.58B | 22.18B |
| Q2 FY1999 | 30 Jun 1999 | 15.73% | 3.36B | 21.38B |
| Q1 FY1999 | 31 Mar 1999 | 14.81% | 3.15B | 21.28B |
| Q4 FY1998 | 31 Dec 1998 | 14.22% | 2.95B | 20.76B |
| Q3 FY1998 | 30 Sept 1998 | 33.39% | 2.50B | 7.49B |
| Q2 FY1998 | 30 Jun 1998 | 28.60% | 2.10B | 7.35B |
| Q1 FY1998 | 31 Mar 1998 | 24.11% | 1.71B | 7.11B |
| Q4 FY1997 | 31 Dec 1997 | 6.83% | 1.35B | 19.78B |
| Q3 FY1997 | 30 Sept 1997 | 19.10% | 1.30B | 6.82B |
| Q2 FY1997 | 30 Jun 1997 | 19.22% | 1.25B | 6.51B |
| Q1 FY1997 | 31 Mar 1997 | 19.47% | 1.20B | 6.19B |
| Q4 FY1996 | 31 Dec 1996 | 19.03% | 1.15B | 6.06B |
| Q3 FY1996 | 30 Sept 1996 | 18.62% | 1.11B | 5.94B |
| Q2 FY1996 | 30 Jun 1996 | 18.84% | 1.06B | 5.63B |
| Q1 FY1996 | 31 Mar 1996 | 18.56% | 1.01B | 5.45B |
| Q4 FY1995 | 31 Dec 1995 | 18.00% | 956.00M | 5.31B |
| Q3 FY1995 | 30 Sept 1995 | 18.24% | 901.20M | 4.94B |
| Q2 FY1995 | 30 Jun 1995 | 18.18% | 859.00M | 4.73B |
| Q1 FY1995 | 31 Mar 1995 | 18.84% | 826.70M | 4.39B |
| Q4 FY1994 | 31 Dec 1994 | 20.81% | 800.40M | 3.85B |
| Q3 FY1994 | 30 Sept 1994 | 20.15% | 770.50M | 3.82B |
| Q2 FY1994 | 30 Jun 1994 | 19.15% | 734.80M | 3.84B |
| Q1 FY1994 | 31 Mar 1994 | 18.01% | 693.90M | 3.85B |
| Q4 FY1993 | 31 Dec 1993 | 18.32% | 653.60M | 3.57B |
| Q3 FY1993 | 30 Sept 1993 | 17.82% | 612.80M | 3.44B |
| Q2 FY1993 | 30 Jun 1993 | 17.35% | 579.40M | 3.34B |
| Q1 FY1993 | 31 Mar 1993 | 16.77% | 546.20M | 3.26B |
| Q4 FY1992 | 31 Dec 1992 | 16.87% | 518.40M | 3.07B |
| Q3 FY1992 | 30 Sept 1992 | 16.13% | 493.10M | 3.06B |
| Q2 FY1992 | 30 Jun 1992 | 15.52% | 463.30M | 2.98B |
| Q1 FY1992 | 31 Mar 1992 | 15.26% | 443.90M | 2.91B |
| Q4 FY1991 | 31 Dec 1991 | 15.38% | 398.50M | 2.59B |
| Q3 FY1991 | 30 Sept 1991 | 14.31% | 360.30M | 2.52B |
| Q2 FY1991 | 30 Jun 1991 | 14.83% | 327.70M | 2.21B |
| Q1 FY1991 | 31 Mar 1991 | 15.63% | 294.80M | 1.89B |
| Q4 FY1990 | 31 Dec 1990 | 17.13% | 280.60M | 1.64B |
| Q3 FY1990 | 30 Sept 1990 | — | — | 1.47B |
| Q2 FY1990 | 30 Jun 1990 | — | — | 1.45B |
| Q1 FY1990 | 31 Mar 1990 | — | — | 1.33B |
| Q4 FY1989 | 31 Dec 1989 | — | — | 1.28B |
| Q3 FY1989 | 30 Sept 1989 | — | — | — |
| Q2 FY1989 | 30 Jun 1989 | — | — | — |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about Wells Fargo & Co's ROE
Source: Financial Modeling Prep