Wells Fargo & Company (WFC) Operating Expenses (2009 - 2026)
Wells Fargo & Company (WFC) posted Operating Expenses of $14.3 billion for Q1 2026, up 4.4% sequentially from $13.7 billion in Q4 2025, and up 3.16% YoY from $13.9 billion in Q1 2025.
Wells Fargo & Company (WFC) Operating Expenses (2009 - 2026) Analysis & Trends
Wells Fargo & Company (WFC) has 18 years of Operating Expenses data on file, last reported at $14.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 3.16% year-over-year to $14.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $55.3 billion (up 2.09% YoY) and the FY2025 annual result came in at $54.8 billion, changed 0.45% from the prior year.
- Operating Expenses climbed to $14.3 billion in Q1 2026 per WFC's latest filing, from $13.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $16.2 billion in Q4 2022, with the low at $12.9 billion in Q2 2022.
- Average Operating Expenses over 5 years is $13.9 billion, with a median of $13.8 billion recorded in 2025.
- Year-over-year, Operating Expenses increased 23.32% in 2022 and dropped 11.95% in 2024.
- Wells Fargo & Company's Operating Expenses stood at $16.2 billion in 2022, then slipped by 2.47% to $15.8 billion in 2023, then slipped by 11.95% to $13.9 billion in 2024, then dropped by 1.25% to $13.7 billion in 2025, then climbed by 4.4% to $14.3 billion in 2026.
- Business Quant data shows WFC's Operating Expenses at $14.3 billion in Q1 2026, $13.7 billion in Q4 2025, and $13.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | 609.00 Mn |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 18.53 Bn |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 14.33 Bn |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 13.84 Bn |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 3.40 Bn |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 26.85 Bn |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | -19.18 Bn |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | 90.51 Mn |
| 10 | Ing Groep | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.33 Bn |
| Dec 31, 2025 | 13.73 Bn |
| Sep 30, 2025 | 13.85 Bn |
| Jun 30, 2025 | 13.38 Bn |
| Mar 31, 2025 | 13.89 Bn |
| Dec 31, 2024 | 13.90 Bn |
| Sep 30, 2024 | 13.07 Bn |
| Jun 30, 2024 | 13.29 Bn |
| Mar 31, 2024 | 14.34 Bn |
| Dec 31, 2023 | 15.79 Bn |
| Sep 30, 2023 | 13.11 Bn |
| Jun 30, 2023 | 12.99 Bn |
| Mar 31, 2023 | 13.68 Bn |
| Dec 31, 2022 | 16.19 Bn |
| Sep 30, 2022 | 14.31 Bn |
| Jun 30, 2022 | 12.86 Bn |
| Mar 31, 2022 | 13.85 Bn |
| Dec 31, 2021 | 13.13 Bn |
| Sep 30, 2021 | 13.30 Bn |
| Jun 30, 2021 | 13.34 Bn |