Wells Fargo Past Earnings Performance

Past criteria checks 2/6

Wells Fargo has been growing earnings at an average annual rate of 10.2%, while the Banks industry saw earnings growing at 67.9% annually. Revenues have been growing at an average rate of 1.2% per year. Wells Fargo's return on equity is 9.8%, and it has net margins of 21.8%.

Key information

10.2%

Earnings growth rate

14.9%

EPS growth rate

Banks Industry Growth38.3%
Revenue growth rate1.2%
Return on equity9.8%
Net Margin21.8%
Next Earnings Update15 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Wells Fargo makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BASE:WFC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2477,87516,96548,7160
30 Jun 2478,23417,56348,7130
31 Mar 2477,60117,58248,6540
31 Dec 2377,19817,98248,5300
30 Sep 2377,07917,69947,6060
30 Jun 2376,20115,56246,8580
31 Mar 2373,84113,76646,4680
31 Dec 2272,83412,56246,2890
30 Sep 2274,98315,15546,4350
30 Jun 2276,43416,62947,0710
31 Mar 2281,54119,50947,6630
31 Dec 2183,32120,81848,0590
30 Sep 2180,11917,52748,7530
30 Jun 2178,44015,64149,1840
31 Mar 2165,6555,73849,5060
31 Dec 2060,1721,78648,4790
30 Sep 2060,8021,59147,8360
30 Jun 2063,5632,72752,0460
31 Mar 2075,86212,73549,9700
31 Dec 1984,22718,10549,1700
30 Sep 1983,65121,10346,7090
30 Jun 1983,69722,51940,1690
31 Mar 1983,71721,46339,8240
31 Dec 1884,69620,68946,3210
30 Sep 1885,73220,71840,1120
30 Jun 1885,50319,39640,1830
31 Mar 1886,08220,05440,2010
31 Dec 1785,98920,55439,0710
30 Sep 1785,28319,68640,8440
30 Jun 1785,67420,79840,2260
31 Mar 1785,08220,52139,4440
31 Dec 1684,54120,37338,8260
30 Sep 1684,55020,70437,3040
30 Jun 1684,19920,90436,7930
31 Mar 1684,12921,09436,6410
31 Dec 1583,69021,47036,5140
30 Sep 1583,84621,64936,1150
30 Jun 1583,51921,61436,1040
31 Mar 1583,35021,67535,9870
31 Dec 1482,98021,82135,4930
30 Sep 1482,29621,80834,5240
30 Jun 1481,85421,71734,6480
31 Mar 1481,73121,56534,7080
31 Dec 1381,45620,88935,6250

Quality Earnings: WFC has high quality earnings.

Growing Profit Margin: WFC's current net profit margins (21.8%) are lower than last year (23%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: WFC's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: WFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WFC had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Banks industry average (47.9%).


Return on Equity

High ROE: WFC's Return on Equity (9.8%) is considered low.


Return on Assets


Return on Capital Employed


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