Wells Fargo & Company (WFC) Revenue & Revenue Breakdown

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Wells Fargo & Company Revenue Highlights

Latest Revenue (Y)

$82.60B

Latest Revenue (Q)

$19.30B

Main Segment (Y)

Investment Advisory, Management and Administrative Service

Main Geography (Y)

Investment Advisory, Management and Administrative Service

Wells Fargo & Company Revenue by Period

Wells Fargo & Company Revenue by Year

Date	Revenue	Change
2023-12-31	$82.60B	11.94%
2022-12-31	$73.78B	-6.00%
2021-12-31	$78.49B	8.50%
2020-12-31	$72.34B	-14.96%
2019-12-31	$85.06B	-1.56%
2018-12-31	$86.41B	-0.82%
2017-12-31	$87.12B	-0.31%
2016-12-31	$87.39B	4.25%
2015-12-31	$83.83B	2.27%
2014-12-31	$81.97B	-0.41%
2013-12-31	$82.31B	-2.71%
2012-12-31	$84.60B	6.46%
2011-12-31	$79.47B	-5.88%
2010-12-31	$84.43B	-4.60%
2009-12-31	$88.50B	109.59%
2008-12-31	$42.23B	9.23%
2007-12-31	$38.66B	10.59%
2006-12-31	$34.95B	6.08%
2005-12-31	$32.95B	9.61%
2004-12-31	$30.06B	5.88%
2003-12-31	$28.39B	15.89%
2002-12-31	$24.50B	21.57%
2001-12-31	$20.15B	2.24%
2000-12-31	$19.71B	17.48%
1999-12-31	$16.77B	8.81%
1998-12-31	$15.42B	120.38%
1997-12-31	$7.00B	11.65%
1996-12-31	$6.27B	22.04%
1995-12-31	$5.13B	15.59%
1994-12-31	$4.44B	13.35%
1993-12-31	$3.92B	-

Wells Fargo & Company generated $82.60B in revenue during NA 2023, up 11.94% compared to the previous quarter, and up 95.59% compared to the same period a year ago.

Wells Fargo & Company Revenue by Quarter

Date	Revenue	Change
2024-09-30	$19.30B	-6.71%
2024-06-30	$20.69B	-0.83%
2024-03-31	$20.86B	1.88%
2023-12-31	$20.48B	-1.82%
2023-09-30	$20.86B	1.58%
2023-06-30	$20.53B	-0.95%
2023-03-31	$20.73B	5.44%
2022-12-31	$19.66B	0.79%
2022-09-30	$19.50B	14.55%
2022-06-30	$17.03B	-3.21%
2022-03-31	$17.59B	-15.65%
2021-12-31	$20.86B	10.74%
2021-09-30	$18.83B	-7.08%
2021-06-30	$20.27B	12.22%
2021-03-31	$18.06B	0.77%
2020-12-31	$17.93B	-4.97%
2020-09-30	$18.86B	5.57%
2020-06-30	$17.87B	1.84%
2020-03-31	$17.55B	-11.66%
2019-12-31	$19.86B	-9.77%
2019-09-30	$22.01B	1.97%
2019-06-30	$21.58B	-0.12%
2019-03-31	$21.61B	3.00%
2018-12-31	$20.98B	-4.38%
2018-09-30	$21.94B	1.80%
2018-06-30	$21.55B	1.90%
2018-03-31	$21.15B	1.87%
2017-12-31	$20.76B	-4.27%
2017-09-30	$21.69B	-1.33%
2017-06-30	$21.98B	1.77%
2017-03-31	$21.60B	1.52%
2016-12-31	$21.28B	-4.11%
2016-09-30	$22.19B	0.98%
2016-06-30	$21.97B	0.10%
2016-03-31	$21.95B	3.72%
2015-12-31	$21.16B	0.99%
2015-09-30	$20.95B	0.74%
2015-06-30	$20.80B	-0.51%
2015-03-31	$20.91B	-0.77%
2014-12-31	$21.07B	2.78%
2014-09-30	$20.50B	-0.56%
2014-06-30	$20.62B	4.24%
2014-03-31	$19.78B	-1.16%
2013-12-31	$20.01B	0.18%
2013-09-30	$19.98B	-5.66%
2013-06-30	$21.18B	0.14%
2013-03-31	$21.15B	-0.41%
2012-12-31	$21.23B	0.87%
2012-09-30	$21.05B	0.01%
2012-06-30	$21.05B	-1.06%
2012-03-31	$21.27B	3.54%
2011-12-31	$20.54B	6.53%
2011-09-30	$19.28B	-1.92%
2011-06-30	$19.66B	-1.57%
2011-03-31	$19.98B	-5.67%
2010-12-31	$21.18B	2.09%
2010-09-30	$20.74B	-1.72%
2010-06-30	$21.11B	-1.40%
2010-03-31	$21.41B	-4.54%
2009-12-31	$22.42B	-0.06%
2009-09-30	$22.44B	-0.13%
2009-06-30	$22.47B	6.11%
2009-03-31	$21.17B	106.92%
2008-12-31	$10.23B	-1.41%
2008-09-30	$10.38B	-9.42%
2008-06-30	$11.46B	8.48%
2008-03-31	$10.56B	11.53%
2007-12-31	$9.47B	-

Wells Fargo & Company generated $19.30B in revenue during Q3 2024, up -6.71% compared to the previous quarter, and up 94.00% compared to the same period a year ago.

Wells Fargo & Company Revenue Breakdown

Wells Fargo & Company Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Investment Advice	$1.65B	$1.44B	$2.35B	-	-
Deposit Account	$4.69B	$5.32B	$5.47B	-	-
Credit Card Rewards And Rebates	$2.60B	$2.20B	-	-	-
Card Interchange And Network Revenues	$3.83B	$3.88B	$3.67B	-	-
Commissions and Brokerage Service Fees	$2.38B	$2.24B	$2.30B	-	-
Trailing Commission	$904.00M	$989.00M	$1.20B	$1.10B	$1.20B
Investment Advisory, Management and Administrative Service	$8.67B	$9.00B	$11.01B	-	-
Credit Card Rewards and Rebates	-	-	$1.60B	$1.30B	$1.50B

Wells Fargo & Company's latest annual revenue breakdown by segment (product or service), as of Dec 23: Investment Advisory, Management and Administrative Service (35.07%), Deposit Account (18.99%), Card Interchange And Network Revenues (15.49%), Credit Card Rewards And Rebates (10.52%), Commissions and Brokerage Service Fees (9.61%), Investment Advice (6.67%), and Trailing Commission (3.66%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Community Banking	$9.12B	$9.09B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth And Investment Management	$3.88B	$3.74B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and Investment Banking	$4.91B	$4.98B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wholesale Banking	$3.33B	$3.15B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account	-	$1.23B	$1.20B	$1.18B	$1.17B	$1.15B	$1.18B	$1.29B	$1.38B	$1.47B	$1.46B	$1.00M	$1.00M	$4.00M	$15.00M	-	-	-	-	-
Investment Advisory, Management and Administrative Service	-	$2.33B	$2.17B	$2.22B	$2.16B	$2.11B	$2.05B	$2.11B	$2.35B	$2.50B	$2.58B	$415.00M	$398.00M	$332.00M	$1.45B	-	-	-	-	-
Trailing Commission	-	$231.00M	$220.00M	$230.00M	$227.00M	$227.00M	$242.00M	$231.00M	$245.00M	$271.00M	$305.00M	$297.00M	$300.00M	$298.00M	$284.00M	$284.00M	$257.00M	$275.00M	$342.00M	$289.00M
Credit Card Rewards And Rebates	-	$651.00M	$728.00M	$652.00M	$628.00M	$592.00M	$600.00M	$577.00M	-	-	-	-	-	-	-	-	-	-	-	-
Card Interchange And Network Revenues	-	$941.00M	$906.00M	$980.00M	$1.00B	$938.00M	$991.00M	$991.00M	$994.00M	$902.00M	$938.00M	-	-	-	$2.00M	-	-	-	-	-
Commissions and Brokerage Service Fees	-	$626.00M	$619.00M	$567.00M	$570.00M	$619.00M	$601.00M	$562.00M	$542.00M	$537.00M	$558.00M	-	$-1.00M	-	-	-	-	-	-	-
Investment Advice	-	$627.00M	$455.00M	$492.00M	$376.00M	$326.00M	$331.00M	$375.00M	$286.00M	$447.00M	$669.00M	$-8.00M	$-16.00M	$-49.00M	$5.00M	-	-	-	-	-
Credit Card Rewards and Rebates	-	-	-	-	-	-	-	-	$552.00M	$482.00M	$500.00M	$416.00M	$373.00M	$310.00M	$331.00M	$318.00M	$266.00M	$385.00M	$400.00M	$383.00M
Investment Asset Based Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.13B	-	-	-	-	-
Investment Transactional Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$272.00M	-	-	-	-	-
Other Investment Management Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$46.00M	-	-	-	-	-
Trust Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$592.00M	-	-	-	-	-
Asset Management	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$592.00M	-	-	-	-	-

Wells Fargo & Company's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Community Banking (42.94%), Corporate and Investment Banking (23.11%), Wealth And Investment Management (18.25%), and Wholesale Banking (15.69%).

Wells Fargo & Company Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Credit Card Rewards And Rebates	$2.20B	-	-	-	-
Trailing Commission	$989.00M	$1.20B	$1.10B	$1.20B	$1.30B
Card Interchange And Network Revenues	$3.88B	$3.67B	-	-	-
Commissions and Brokerage Service Fees	$2.24B	$2.30B	-	-	-
Deposit Account	$5.32B	$5.47B	-	-	-
Investment Advice	$1.44B	$2.35B	-	-	-
Investment Advisory, Management and Administrative Service	$9.00B	$11.01B	-	-	-
Credit Card Rewards and Rebates	-	$1.60B	$1.30B	$1.50B	$1.40B

Wells Fargo & Company's latest annual revenue breakdown by geography, as of Dec 22: Investment Advisory, Management and Administrative Service (35.92%), Deposit Account (21.21%), Card Interchange And Network Revenues (15.47%), Commissions and Brokerage Service Fees (8.94%), Credit Card Rewards And Rebates (8.78%), Investment Advice (5.74%), and Trailing Commission (3.95%).

Wells Fargo & Company Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
JPM	JPMorgan Chase	$154.95B	$42.65B
BAC	Bank of America	$94.19B	$23.80B
WFC	Wells Fargo & Company	$82.60B	$19.30B
RY	Royal Bank of Canada	$56.26B	$32.98B
TD	Toronto-Dominion Bank	$52.93B	$29.35B
BCS	Barclays	$51.34B	$6.95B
UBS	UBS Group	$39.06B	$11.94B
BMO	Bank of Montreal	$33.05B	$19.49B
BNS	Bank of Nova Scotia	$31.79B	$18.56B
C	Citigroup	$23.56B	$43.50B
CM	Canadian Imperial Bank of Commerce	$23.29B	$15.53B
ING	ING Groep	$22.58B	$5.58B
NU	Nu	$7.01B	$2.46B

WFC Revenue FAQ

What is Wells Fargo & Company’s yearly revenue?

Wells Fargo & Company's yearly revenue for 2023 was $82.6B, representing an increase of 11.94% compared to 2022. The company's yearly revenue for 2022 was $73.78B, representing a decrease of -6.00% compared to 2021. WFC's yearly revenue for 2021 was $78.49B, representing an increase of 8.50% compared to 2020.

What is Wells Fargo & Company’s quarterly revenue?

Wells Fargo & Company's quarterly revenue for Q3 2024 was $19.3B, a -6.71% decrease from the previous quarter (Q2 2024), and a -7.46% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $20.69B, a -0.83% decrease from the previous quarter (Q1 2024), and a 0.76% increase year-over-year (Q2 2023). WFC's quarterly revenue for Q1 2024 was $20.86B, a 1.88% increase from the previous quarter (Q4 2023), and a 0.65% increase year-over-year (Q1 2023).

What is Wells Fargo & Company’s revenue growth rate?

Wells Fargo & Company's revenue growth rate for the last 3 years (2021-2023) was 5.23%, and for the last 5 years (2019-2023) was -2.90%.

What are Wells Fargo & Company’s revenue streams?

Wells Fargo & Company's revenue streams in c 23 are Investment Advice, Deposit Account, Credit Card Rewards And Rebates, Card Interchange And Network Revenues, Commissions and Brokerage Service Fees, Trailing Commission, and Investment Advisory, Management and Administrative Service. Investment Advice generated $1.65B in revenue, accounting 6.67% of the company's total revenue, up 14.59% year-over-year. Deposit Account generated $4.69B in revenue, accounting 18.99% of the company's total revenue, down -11.70% year-over-year. Credit Card Rewards And Rebates generated $2.6B in revenue, accounting 10.52% of the company's total revenue, up 18.18% year-over-year. Card Interchange And Network Revenues generated $3.83B in revenue, accounting 15.49% of the company's total revenue, down -1.26% year-over-year. Commissions and Brokerage Service Fees generated $2.38B in revenue, accounting 9.61% of the company's total revenue, up 5.93% year-over-year. Trailing Commission generated $904M in revenue, accounting 3.66% of the company's total revenue, down -8.59% year-over-year. Investment Advisory, Management and Administrative Service generated $8.67B in revenue, accounting 35.07% of the company's total revenue, down -3.71% year-over-year.

What is Wells Fargo & Company’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Wells Fargo & Company was Investment Advisory, Management and Administrative Service. This segment made a revenue of $8.67B, representing 35.07% of the company's total revenue.