KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Card IncomeConsolidated Net IncomeDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Income from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest Expense - DebtInterest Expense - DepositsInterest Expense - OthersInterest ExpensesInterest Income - Debt SecuritiesInterest Income - NetInterest Income - TotalInterest Income - Trading Account AssetsInterest income - LoansInvestment Gain (Loss)Mortgage BankingNet Income towards Common StockholdersNon-Interest IncomeOperating ExpensesOther Non-Interest IncomeOther Operating ExpensesPreferred Dividend PaymentsProfit After TaxProvisionsRevenueService ChargesShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTrading IncomeWages, Salaries and Other
Others
Ratios

Wells Fargo & Company (WFC) Tax Rate (2016 - 2025)

Wells Fargo & Company's Tax Rate history spans 9 years, with the latest figure at 17.25% for Q1 2024.

  • For Q1 2024, Tax Rate rose 73.0% year-over-year to 17.25%; the TTM value through Mar 2024 reached 12.19%, down 258.0%, while the annual FY2024 figure was 14.55%, 250.0% up from the prior year.
  • Tax Rate for Q1 2024 was 17.25% at Wells Fargo & Company, up from 2.93% in the prior quarter.
  • Across five years, Tax Rate topped out at 31.16% in Q2 2020 and bottomed at 24.38% in Q4 2020.
  • The 5-year median for Tax Rate is 16.52% (2023), against an average of 12.68%.
  • The largest annual shift saw Tax Rate crashed -6687bps in 2020 before it skyrocketed 4370bps in 2021.
  • A 5-year view of Tax Rate shows it stood at 24.38% in 2020, then surged by 179bps to 19.32% in 2021, then plummeted by -104bps to 0.69% in 2022, then plummeted by -324bps to 2.93% in 2023, then skyrocketed by 688bps to 17.25% in 2024.
  • Per Business Quant, the three most recent readings for WFC's Tax Rate are 17.25% (Q1 2024), 2.93% (Q4 2023), and 12.39% (Q3 2023).