Wells Fargo & Company (WFC) Return on Invested Capital [ROIC] (2009 - 2026)
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 - 2026) 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 (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | 3.60% |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | 12.95% |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | - |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | 11.83% |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | 49.27% |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | 6.60% |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | 7.33% |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | 3.32% |
| 10 | American Express | 215.12 Bn | 14.60 Bn | - | 19.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.32% |
| Jun 30, 2026 | 2.48% |
| Mar 31, 2026 | 1.71% |
| Dec 31, 2025 | 0.96% |
| Sep 30, 2025 | 0.06% |
| Jun 30, 2025 | 0.06% |
| Mar 31, 2025 | 0.07% |
| Dec 31, 2024 | 0.10% |
| Sep 30, 2024 | 0.10% |
| Jun 30, 2024 | 0.10% |
| Mar 31, 2024 | 0.09% |
| Dec 31, 2023 | 0.07% |
| Sep 30, 2023 | 0.27% |
| Jun 30, 2023 | 0.39% |
| Mar 31, 2023 | 0.40% |
| Dec 31, 2022 | 0.71% |
| Sep 30, 2022 | 1.45% |
| Jun 30, 2022 | 0.85% |
| Mar 31, 2022 | 0.74% |
| Dec 31, 2021 | 0.41% |
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&ticker=WFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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&ticker=WFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();