Wells Fargo & Company (WFC) Return on Invested Capital [ROIC] (2009 - 2025)
Wells Fargo & Company's Return on Invested Capital [ROIC] was 14.79% in Q2 2026, up 3.90 percentage points from 10.89% a year earlier and up 0.23 percentage points from the prior quarter.
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Analysis
Wells Fargo & Company (WFC) Return on Invested Capital [ROIC] (2009 - 2025) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Wells Fargo & Company came in at 15.04%, up 1.54 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for three consecutive years, with a five-year change of +12.90 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 13.50% in FY2024 (+2.79 pp), 10.71% in FY2023 (+5.38 pp), 5.33% in FY2022 (-1.07 pp) and 6.40% in FY2021 (+4.26 pp).
- The Q2 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2009.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in five of the last eight quarters, with an average year-over-year change of +1.16 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2023 (a gain of 4.72 percentage points); the worst was Q4 2025 (a drop of 2.20 percentage points).
- Per Business Quant data, WFC's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 14.56% (Q1 2026), 11.39% (Q4 2025) and 9.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Yr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 16.13% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 14.58% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 8.44% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 12.86% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 15.23% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 15.04% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 2.51% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 20.05% |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 3.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 15.04% |
| Dec 31, 2024 | 13.50% |
| Dec 31, 2023 | 10.71% |
| Dec 31, 2022 | 5.33% |
| Dec 31, 2021 | 6.40% |
| Dec 31, 2020 | 2.14% |
| Dec 31, 2019 | 6.63% |
| Dec 31, 2018 | 6.48% |
| Dec 31, 2017 | 5.54% |
| Dec 31, 2016 | 5.00% |
| Dec 31, 2015 | 5.64% |
| Dec 31, 2014 | 7.83% |
| Dec 31, 2013 | 10.59% |
| Dec 31, 2012 | 10.43% |
| Dec 31, 2011 | 10.45% |
| Dec 31, 2010 | 6.56% |
| Dec 31, 2009 | 4.71% |
API Access
Wells Fargo & Company Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D-annual&ticker=WFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]-annual", "ticker": "WFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D-annual&ticker=WFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();