Wells Fargo & Company (WFC) Revenue & Revenue Breakdown
Wells Fargo & Company Revenue Highlights
Latest Revenue (Y)
$82.60B
Latest Revenue (Q)
$20.69B
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 |
|---|---|---|
| 2024-06-30 | $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 $20.69B in revenue during Q2 2024, up -0.83% compared to the previous quarter, and up 99.81% 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 |
|---|---|---|---|---|---|
| Commissions and Brokerage Service Fees | $2.38B | $2.24B | $2.30B | - | - |
| Card Interchange And Network Revenues | $3.83B | $3.88B | $3.67B | - | - |
| Credit Card Rewards And Rebates | $2.60B | $2.20B | - | - | - |
| Investment Advisory, Management and Administrative Service | $8.67B | $9.00B | $11.01B | - | - |
| Trailing Commission | $904.00M | $989.00M | $1.20B | $1.10B | $1.20B |
| Investment Advice | $1.65B | $1.44B | $2.35B | - | - |
| Deposit Account | $4.69B | $5.32B | $5.47B | - | - |
| 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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate and Investment Banking | $4.98B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Community Banking | $9.09B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wealth And Investment Management | $3.74B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wholesale Banking | $3.15B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $289.00M |
| 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 | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - |
| Credit Card Rewards And Rebates | $651.00M | $728.00M | $652.00M | $628.00M | $592.00M | $600.00M | $577.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $375.00M |
| 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 Mar 24: Community Banking (32.93%), Corporate and Investment Banking (18.05%), Wealth And Investment Management (13.56%), Wholesale Banking (11.42%), Investment Advisory, Management and Administrative Service (8.44%), Deposit Account (4.46%), Card Interchange And Network Revenues (3.41%), Credit Card Rewards And Rebates (2.36%), Investment Advice (2.27%), Commissions and Brokerage Service Fees (2.27%), and Trailing Commission (0.84%).
Wells Fargo & Company Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Investment Advisory, Management and Administrative Service | $9.00B | $11.01B | - | - | - |
| Credit Card Rewards And Rebates | $2.20B | - | - | - | - |
| Card Interchange And Network Revenues | $3.88B | $3.67B | - | - | - |
| Trailing Commission | $989.00M | $1.20B | $1.10B | $1.20B | $1.30B |
| Commissions and Brokerage Service Fees | $2.24B | $2.30B | - | - | - |
| Deposit Account | $5.32B | $5.47B | - | - | - |
| Investment Advice | $1.44B | $2.35B | - | - | - |
| 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 | $50.20B |
| BAC | Bank of America | $94.19B | $48.53B |
| WFC | Wells Fargo & Company | $82.60B | $20.69B |
| 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 | $20.14B |
| 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 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). The company'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). WFC's quarterly revenue for Q4 2023 was $20.48B, a -1.82% decrease from the previous quarter (Q3 2023), and a 4.16% increase year-over-year (Q4 2022).
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 Commissions and Brokerage Service Fees, Card Interchange And Network Revenues, Credit Card Rewards And Rebates, Investment Advisory, Management and Administrative Service, Trailing Commission, Investment Advice, and Deposit Account. 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. 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. 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. 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. Trailing Commission generated $904M in revenue, accounting 3.66% of the company's total revenue, down -8.59% year-over-year. 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.
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.