Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026)
Wells Fargo & Company (WFC) posted Tax Provisions of $691.0 million for Q1 2026, down 37.35% sequentially from $1.1 billion in Q4 2025, and up 32.38% YoY from $522.0 million in Q1 2025.
Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026) Analysis & Trends
Wells Fargo & Company (WFC) has 18 years of Tax Provisions data on file, last reported at $691.0 million in Q1 2026.
- Quarterly Tax Provisions rose 32.38% year-over-year to $691.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.0 billion (up 35.61% YoY) and the FY2025 annual result came in at $3.8 billion, up 13.0% from the prior year.
- Tax Provisions slipped to $691.0 million in Q1 2026 per WFC's latest filing, from $1.1 billion in the prior quarter.
- The five-year high for Tax Provisions was $1.3 billion in Q3 2025, with the low at -$100.0 million in Q4 2023.
- Average Tax Provisions over 5 years is $752.3 million, with a median of $912.0 million recorded in 2022.
- Year-over-year, Tax Provisions tumbled 244.83% in 2023 and surged 819.17% in 2025.
- Wells Fargo & Company's Tax Provisions stood at -$29.0 million in 2022, then plunged 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 plunged by 37.35% to $691.0 million in 2026.
- Business Quant data shows WFC's Tax Provisions at $691.0 million in Q1 2026, $1.1 billion in Q4 2025, and $1.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | -1.98 Bn |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 1.82 Bn |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 691.00 Mn |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 1.29 Bn |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 386.00 Mn |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 3.99 Bn |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | -904.18 Mn |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | -1.35 Mn |
| 10 | Ing Groep | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.45 Bn |