Wells Fargo & Company (WFC) Tax Rate (2009 - 2026)
Wells Fargo & Company (WFC) posted Tax Rate of 17.42% for Q2 2026, up 3.19 percentage points from 14.23% a year earlier and up 5.87 percentage points from the prior quarter.
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Analysis
Wells Fargo & Company (WFC) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Wells Fargo & Company was 16.37%, up 5.16 percentage points year-over-year; for FY2025, it came in at 15.24%, up 0.69 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +61.43 percentage points (FY2020 to FY2025).
- In prior years, Wells Fargo & Company's Tax Rate was 14.55% in FY2024 (+2.50 pp), 12.05% in FY2023 (-2.35 pp), 14.40% in FY2022 (-5.09 pp) and 19.50% in FY2021 (+65.68 pp).
- Quarterly Tax Rate has run from a low of -2.93% in Q4 2023 to a high of 21.96% in Q3 2021 over five years.
- On a year-over-year basis, Tax Rate has increased in each of the last four quarters, with an average year-over-year change of +2.21 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2021, with a gain of 24.46 percentage points; the weakest was Q4 2022, with a drop of 22.42 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 11.55% (Q1 2026), 16.90% (Q4 2025) and 18.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | - |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 16.66% |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 17.42% |
| 10 | Banco Santander | 208.29 Bn | 215.91 Bn | - | 75.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.42% |
| Mar 31, 2026 | 11.55% |
| Dec 31, 2025 | 16.90% |
| Sep 30, 2025 | 18.82% |
| Jun 30, 2025 | 14.23% |
| Mar 31, 2025 | 9.80% |
| Dec 31, 2024 | 2.23% |
| Sep 30, 2024 | 17.07% |
| Jun 30, 2024 | 20.31% |
| Mar 31, 2024 | 17.25% |
| Sep 30, 2023 | 12.39% |
| Jun 30, 2023 | 15.94% |
| Mar 31, 2023 | 16.52% |
| Sep 30, 2022 | 20.38% |
| Jun 30, 2022 | 17.29% |
| Mar 31, 2022 | 15.99% |
| Dec 31, 2021 | 21.42% |
| Sep 30, 2021 | 21.96% |
| Jun 30, 2021 | 17.65% |
| Mar 31, 2021 | 16.12% |
API Access
Wells Fargo & Company Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();