Wells Fargo & Company (WFC) Tax Rate (2009 - 2026)

Wells Fargo & Company's (WFC) quarterly Tax Rate came in at 11.55% in Q1 2026, up 175.0% year-on-year from 4.2% in Q1 2025, and down 31.64% quarter-over-quarter from 16.9% in Q4 2025.

Wells Fargo & Company (WFC) Tax Rate (2009 - 2026) Analysis & Trends

Wells Fargo & Company has disclosed Tax Rate across 18 years of filings, most recently posting 11.55% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 11.55%, up 175.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.51% (up 271.0% YoY), and the FY2025 annual result was 15.24%, up 69.0% from the prior year.
  • Tax Rate came in at 11.55% for Q1 2026 at Wells Fargo & Company, down from 16.9% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 20.38% in Q3 2022 to a low of 2.93% in Q4 2023.
  • The 5-year median for Tax Rate is 15.99% (2022), against an average of 13.1%.
  • Across the five-year window, Tax Rate tumbled 2242 bps in 2022 and surged 1467 bps in 2025, its largest moves.
  • Wells Fargo & Company's Tax Rate stood at 1.0% in 2022, then sank by 192 bps to 2.93% in 2023, then soared by 176 bps to 2.23% in 2024, then surged by 658 bps to 16.9% in 2025, then slumped by 32 bps to 11.55% in 2026.
  • The last three Tax Rate figures came in at 11.55% (Q1 2026), 16.9% (Q4 2025), and 18.82% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Canadian Imperial Bank Of Commerce 1,329,940,501.22 Bn 1,329,940,501.43 Bn - 23.02%
2 Hsbc Holdings 37,228.00 Bn 37,228.45 Bn - -21.14%
3 Royal Bank Of Canada 2,913.28 Bn 2,841.72 Bn - 21.90%
4 Toronto Dominion Bank 959.65 Bn 952.85 Bn - -
5 Bank Of Montreal 416.15 Bn 416.15 Bn - 25.14%
6 Bank Of America 390.60 Bn -216.10 Bn 29.24 Bn 17.49%
7 Barclays 379.37 Bn -269.24 Bn - -22.67%
8 Mitsubishi Ufj Financial 271.88 Bn -414.40 Bn 3.81 Bn 26.08%
9 Wells Fargo & Company 252.38 Bn 177.30 Bn - 11.55%
10 Citigroup 242.69 Bn -1,942.31 Bn 19.85 Bn 33.80%

Historic Data

Download Data
DateValue
Mar 31, 2026 11.55%
Mar 31, 2026 11.55%
Dec 31, 2025 16.90%
Dec 31, 2025 16.90%
Sep 30, 2025 18.82%
Sep 30, 2025 18.82%
Jun 30, 2025 14.23%
Jun 30, 2025 14.23%
Mar 31, 2025 9.80%
Mar 31, 2025 9.80%
Dec 31, 2024 2.23%
Dec 31, 2024 2.23%
Sep 30, 2024 17.07%
Sep 30, 2024 17.07%
Jun 30, 2024 20.31%
Jun 30, 2024 20.31%
Mar 31, 2024 17.25%
Mar 31, 2024 17.25%
Dec 31, 2023 -2.93%
Dec 31, 2023 -2.93%