Wells Fargo & Company (WFC) Operating Expenses (2009 - 2026)
Wells Fargo & Company (WFC) posted Operating Expenses of $13.7 billion for Q2 2026, down 4.67% sequentially from $14.3 billion in Q1 2026, and up 2.11% YoY from $13.4 billion in Q2 2025.
Wells Fargo & Company (WFC) Operating Expenses (2009 - 2026) Analysis & Trends
Wells Fargo & Company has reported Operating Expenses for 18 years, with the latest figure at $13.7 billion in Q2 2026.
- Quarterly Operating Expenses rose 2.11% year-over-year to $13.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $55.6 billion (up 2.44% YoY) and the FY2025 annual result came in at $54.8 billion, changed 0.45% from the prior year.
- Operating Expenses retreated to $13.7 billion in Q2 2026 per WFC's latest filing, from $14.3 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $16.2 billion in Q4 2022 and troughed at $12.9 billion in Q2 2022.
- A 5-year average of $13.9 billion and a median of $13.8 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses climbed 23.32% in 2022, then decreased 11.95% in 2024.
- Over 5 years, Operating Expenses stood at $16.2 billion in 2022, then decreased by 2.47% to $15.8 billion in 2023, then decreased by 11.95% to $13.9 billion in 2024, then slipped by 1.25% to $13.7 billion in 2025, then retreated by 0.47% to $13.7 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $13.7 billion, $14.3 billion, and $13.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 16.82 Bn |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 6.82 Bn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 13.66 Bn |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 14.22 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | -7.44 Bn |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | 6.11 Bn |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 3.44 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.66 Bn |
| 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 |