Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026)
Wells Fargo & Company (WFC) posted Tax Provisions of $1.4 billion for Q2 2026, up 102.89% sequentially from $691.0 million in Q1 2026, and up 53.06% YoY from $916.0 million in Q2 2025.
Wells Fargo & Company (WFC) Tax Provisions (2009 - 2026) Analysis & Trends
Wells Fargo & Company has reported Tax Provisions for 18 years, with the latest figure at $1.4 billion in Q2 2026.
- Quarterly Tax Provisions rose 53.06% year-over-year to $1.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.5 billion (up 71.47% YoY) and the FY2025 annual result came in at $3.8 billion, up 13.0% from the prior year.
- Tax Provisions advanced to $1.4 billion in Q2 2026 per WFC's latest filing, from $691.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at $1.4 billion in Q2 2026 and troughed at -$100.0 million in Q4 2023.
- A 5-year average of $788.4 million and a median of $914.0 million in 2022 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2023 and 2025: Tax Provisions sank 244.83% in 2023, then soared 819.17% in 2025.
- Over 5 years, Tax Provisions stood at -$29.0 million in 2022, then tumbled by 244.83% to -$100.0 million in 2023, then jumped by 220.0% to $120.0 million in 2024, then jumped by 819.17% to $1.1 billion in 2025, then increased by 27.11% to $1.4 billion in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $1.4 billion, $691.0 million, and $1.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 6.18 Bn |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 1.17 Bn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 1.40 Bn |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 1.70 Bn |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 2.01 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | 565.37 Mn |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 475.00 Mn |
Historic Data
Download 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 |