Wells Fargo & Company
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 7.2 | 11.8 | 33.6 | 17.5 | 23.9 | 22.0 | 14.8 | 16.1 | 15.2 | 14.0 | 14.4 | 12.7 | 37.7 | 10.0 | 13.2 | 9.3 | 9.7 | 11.1 | 12.7 | 12.4 | 12.8 | 13.7 | 10.0 | 12.1 | 37.0 | 8.9 | 11.6 | 9.6 | 12.3 | 14.1 | |
| 0.9 | 1.5 | 3.2 | 2.9 | 3.5 | 2.7 | 2.8 | 3.1 | 3.2 | 2.7 | 2.6 | 1.9 | 1.9 | 1.3 | 1.8 | 1.7 | 2.0 | 2.8 | 3.4 | 3.2 | 3.0 | 3.1 | 2.2 | 2.3 | 1.5 | 2.4 | 1.9 | 2.4 | 1.9 | 2.4 | |
| 2.6 | 1.5 | 3.2 | 2.9 | 3.6 | 2.8 | 2.7 | 2.9 | 2.8 | 2.6 | 2.6 | 2.1 | 1.0 | 1.1 | 1.3 | 1.0 | 1.2 | 1.4 | 1.6 | 1.5 | 1.4 | 1.5 | 1.1 | 1.3 | 0.7 | 1.0 | 0.9 | 1.0 | 1.4 | 1.7 | |
| 0.9 | 1.5 | 3.4 | 3.7 | 4.8 | 4.5 | 4.4 | 5.0 | 5.2 | 4.4 | 4.1 | 4.2 | 7.6 | 3.0 | 3.9 | 3.3 | 3.9 | 5.0 | 6.0 | 6.4 | 6.7 | 3.4 | 3.9 | 4.2 | 1.6 | 2.0 | 2.9 | 3.1 | 2.6 | 4.5 | |
| 3.1 | 5.0 | 12.6 | 10.5 | 15.9 | 13.3 | 9.8 | 11.6 | 12.3 | 11.3 | 12.1 | 16.6 | 80.0 | 14.3 | 17.2 | 11.0 | 11.1 | 12.0 | 14.3 | 15.2 | 16.9 | 10.3 | 11.5 | 13.5 | 12.3 | 4.5 | 10.9 | 8.7 | 10.4 | 18.8 | |
| 4.2 | 12.2 | – | 4.3 | 13.1 | – | – | 3.2 | 16.4 | – | 4.3 | 11.0 | – | 4.3 | 8.7 | 10.8 | 3.1 | 4.2 | 16.6 | 17.8 | 279.2 | 16.4 | 6.2 | 35.4 | 60.9 | – | 5.9 | 4.5 | 80.2 | – | |
| 24.1% | 8.2% | -6.8% | 23.1% | 7.7% | -13.5% | -19.2% | 31.2% | 6.1% | -11.2% | 23.0% | 9.1% | -4.8% | 23.2% | 11.5% | 9.3% | 32.0% | 23.6% | 6.0% | 5.6% | 0.4% | 6.1% | 16.2% | 2.8% | 1.6% | -5.9% | 17.1% | 22.0% | 1.2% | -6.3% | |
| Margins | ||||||||||||||||||||||||||||||
| 70.9% | 68.4% | 67.7% | 71.0% | 66.7% | 69.5% | 80.6% | 83.9% | 83.5% | 75.3% | 69.3% | 63.8% | 50.9% | 67.9% | 74.3% | 83.1% | 86.2% | 92.4% | 93.7% | 92.7% | 89.7% | 87.8% | 83.8% | 79.6% | 73.1% | 100.3% | 87.3% | 100.0% | 62.2% | 64.8% | |
| 21.4% | 21.8% | 16.1% | 26.6% | 23.8% | 19.7% | 30.3% | 29.8% | 32.2% | 28.9% | 26.8% | 22.4% | 6.3% | 18.3% | 20.5% | 27.5% | 31.7% | 37.7% | 39.4% | 38.3% | 34.1% | 28.0% | 28.2% | 24.6% | 3.0% | 35.6% | 18.7% | 37.1% | 18.6% | 20.4% | |
| 12.7% | 13.0% | 9.5% | 16.8% | 14.6% | 12.3% | 18.6% | 19.5% | 20.9% | 19.2% | 17.8% | 15.2% | 5.1% | 12.5% | 13.4% | 18.4% | 21.1% | 25.3% | 26.8% | 26.1% | 23.3% | 22.7% | 22.2% | 18.7% | 4.1% | 26.6% | 16.4% | 24.8% | 15.7% | 17.3% | |
| 21.9% | 12.5% | -21.9% | 67.7% | 26.7% | -36.5% | -52.9% | 98.1% | 19.4% | -30.0% | 59.2% | 17.6% | -9.1% | 29.1% | 20.3% | 15.9% | 65.2% | 66.6% | 20.4% | 18.1% | 1.1% | 19.0% | 35.7% | 6.4% | 2.5% | -13.9% | 32.4% | 52.3% | 2.4% | -15.4% | |
| Returns | ||||||||||||||||||||||||||||||
| 36.7% | 12.6% | 9.4% | 16.8% | 15.2% | 12.5% | 17.9% | 18.0% | 18.5% | 18.9% | 18.4% | 16.9% | 2.7% | 11.0% | 9.8% | 11.3% | 12.0% | 12.9% | 12.5% | 11.9% | 10.9% | 10.7% | 11.4% | 10.5% | 1.8% | 11.6% | 7.5% | 10.3% | 11.0% | 11.8% | |
| 2.8% | 1.3% | 1.0% | 1.7% | 1.5% | 1.1% | 1.6% | 1.6% | 1.6% | 1.6% | 1.7% | 1.4% | 0.2% | 1.0% | 1.0% | 1.2% | 1.3% | 1.4% | 1.4% | 1.3% | 1.1% | 1.1% | 1.2% | 1.0% | 0.2% | 1.1% | 0.7% | 1.0% | 1.0% | 1.0% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| 201 | 300 | 3,166 | 17,609 | 36,056 | 49,229 | 48,383 | 59,472 | 68,053 | 69,730 | 70,205 | 119,494 | 297,576 | 175,252 | 196,340 | 136,400 | 162,694 | 186,962 | 227,890 | 277,953 | 345,621 | 32,441 | 170,043 | 200,532 | 7,337 | -29,708 | 86,943 | 59,909 | 78,507 | 251,512 | |
| 0.0 | 0.1 | 0.6 | 2.1 | 4.3 | 5.3 | 3.7 | 4.3 | 4.8 | 4.4 | 4.4 | 8.9 | 59.9 | 8.4 | 9.4 | 5.3 | 5.2 | 5.2 | 6.3 | 7.5 | 9.3 | 1.0 | 5.0 | 6.2 | 0.7 | -0.8 | 3.9 | 2.1 | 2.5 | 8.6 | |
| 7.6% | 10.7% | 10.3% | 9.9% | 9.7% | 8.8% | 8.7% | 8.9% | 8.9% | 8.4% | 9.5% | 8.3% | 7.6% | 9.0% | 10.0% | 10.7% | 11.1% | 11.2% | 10.9% | 10.8% | 10.4% | 10.7% | 10.4% | 9.8% | 9.5% | 9.8% | 9.7% | 9.6% | 9.3% | 8.4% | |
| 1.2 | 0.7 | 0.8 | 1.3 | 2.0 | 2.4 | 2.2 | 2.2 | 2.1 | 2.1 | 1.9 | 2.8 | 3.2 | 1.8 | 1.7 | 1.1 | 1.2 | 1.2 | 1.3 | 1.5 | 1.8 | 1.2 | 1.7 | 1.8 | 1.5 | 1.1 | 1.4 | 1.6 | 1.6 | 2.4 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.51 | 1.64 | 0.59 | 1.16 | 1.16 | 0.99 | 1.58 | 1.83 | 2.05 | 2.25 | 2.47 | 2.38 | 0.78 | 2.69 | 2.35 | 2.98 | 3.53 | 4.07 | 4.33 | 4.39 | 4.29 | 4.42 | 4.63 | 4.45 | 0.82 | 5.40 | 3.56 | 5.15 | 5.69 | 6.63 | |
| 11.95 | 12.67 | 6.24 | 6.88 | 7.98 | 8.04 | 8.51 | 9.37 | 9.77 | 11.70 | 13.85 | 15.63 | 15.45 | 21.58 | 17.57 | 16.18 | 16.77 | 16.12 | 16.15 | 16.85 | 18.44 | 19.48 | 20.89 | 23.88 | 19.89 | 20.28 | 21.75 | 20.75 | 36.16 | 38.39 | |
| 4.12 | 13.00 | 6.32 | 6.87 | 7.66 | 7.89 | 8.82 | 10.15 | 11.05 | 11.92 | 13.43 | 14.08 | 29.22 | 24.50 | 24.02 | 26.34 | 29.44 | 31.68 | 34.63 | 37.05 | 39.25 | 41.47 | 40.73 | 42.48 | 44.67 | 46.41 | 47.40 | 49.92 | 51.66 | 56.29 | |
| 2.62 | 1.58 | -1.37 | 4.66 | 2.13 | -2.93 | -4.50 | 9.19 | 1.89 | -3.51 | 8.20 | 2.75 | -1.41 | 6.27 | 3.57 | 2.57 | 10.94 | 10.73 | 3.29 | 3.05 | 0.20 | 3.71 | 7.46 | 1.52 | 0.50 | -2.81 | 7.05 | 10.85 | 0.88 | -5.91 | |
Data as of: September 24, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.