Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026)
Wells Fargo & Company's (WFC) quarterly Tax Provisions came in at $1.4 billion in Q2 2026, up 53.06% year-over-year from $916.0 million in Q2 2025, and up 102.89% quarter-over-quarter from $691.0 million in Q1 2026.
Analysis
Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026) Analysis & Trends
Wells Fargo & Company has disclosed Tax Provisions across 18 years of filings, most recently posting $1.4 billion for Q2 2026.
- In Q2 2026, Tax Provisions rose 53.06% year-over-year to $1.4 billion; the TTM figure through Jun 2026 stood at $4.5 billion (up 71.47% YoY), while the FY2025 annual figure was $3.8 billion, up 13.0% from the prior year.
- Tax Provisions came in at $1.4 billion for Q2 2026 at Wells Fargo & Company, up from $691.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $1.4 billion in Q2 2026 to a low of -$100.0 million in Q4 2023.
- Average Tax Provisions over 5 years is $788.4 million, with a median of $914.0 million recorded in 2022.
- Year-over-year, Tax Provisions plunged 244.83% in 2023 and surged 819.17% in 2025.
- Over 5 years, Tax Provisions stood at -$29.0 million in 2022, then sank by 244.83% to -$100.0 million in 2023, then surged by 220.0% to $120.0 million in 2024, then surged by 819.17% to $1.1 billion in 2025, then climbed by 27.11% to $1.4 billion in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $1.4 billion in Q2 2026, $691.0 million in Q1 2026, and $1.1 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,145.36 Bn | 1,556.87 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Morgan Stanley | 335.03 Bn | 174.89 Bn | - | 1.70 Bn |
| 3 | Goldman Sachs | 309.45 Bn | -666.90 Bn | - | 1.94 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 1.70 Bn |
| 5 | Royal Bank Of Canada | 291.49 Bn | 64.61 Bn | - | 1.24 Bn |
| 6 | Wells Fargo & Company | 272.88 Bn | 68.91 Bn | - | 1.40 Bn |
| 7 | American Express | 218.59 Bn | 169.28 Bn | 17.99 Bn | 961.00 Mn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.88 Bn | 44.55 Bn | - | 883.59 Mn |
| 10 | Schwab Charles | 185.06 Bn | 111.46 Bn | - | 869.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.40 Bn |
| Mar 31, 2026 | 691.00 Mn |
| Dec 31, 2025 | 1.10 Bn |
| Sep 30, 2025 | 1.30 Bn |
| Jun 30, 2025 | 916.00 Mn |
| Mar 31, 2025 | 522.00 Mn |
| Dec 31, 2024 | 120.00 Mn |
| Sep 30, 2024 | 1.06 Bn |
| Jun 30, 2024 | 1.25 Bn |
| Mar 31, 2024 | 964.00 Mn |
| Dec 31, 2023 | -100.00 Mn |
| Sep 30, 2023 | 811.00 Mn |
| Jun 30, 2023 | 930.00 Mn |
| Mar 31, 2023 | 966.00 Mn |
| Dec 31, 2022 | -29.00 Mn |
| Sep 30, 2022 | 912.00 Mn |
| Jun 30, 2022 | 622.00 Mn |
| Mar 31, 2022 | 746.00 Mn |
| Dec 31, 2021 | 1.90 Bn |
| Sep 30, 2021 | 1.52 Bn |