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

Wells Fargo & Company (WFC) posted Tax Rate of 11.55% for Q1 2026, down 31.64% sequentially from 16.9% in Q4 2025, and up 175.0% YoY from 4.2% in Q1 2025.

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

Wells Fargo & Company (WFC) has 18 years of Tax Rate data on file, last reported at 11.55% in Q1 2026.

  • Quarterly Tax Rate rose 175.0% year-over-year to 11.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.51% (up 271.0% YoY) and the FY2025 annual result came in at 15.24%, up 69.0% from the prior year.
  • Tax Rate slipped to 11.55% in Q1 2026 per WFC's latest filing, from 16.9% in the prior quarter.
  • The five-year high for Tax Rate was 20.38% in Q3 2022, with the low at 2.93% in Q4 2023.
  • Average Tax Rate over 5 years is 13.1%, with a median of 15.99% recorded in 2022.
  • Year-over-year, Tax Rate sank 2242 bps in 2022 and soared 1467 bps in 2025.
  • Wells Fargo & Company's Tax Rate stood at 1.0% in 2022, then slumped 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 tumbled by 32 bps to 11.55% in 2026.
  • Business Quant data shows WFC's Tax Rate at 11.55% in Q1 2026, 16.9% in Q4 2025, and 18.82% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - -21.14%
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 17.49%
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - 11.55%
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 33.80%
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - 19.15%
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - 19.46%
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - 41.80%
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn -2.11%
10 Ing Groep - - - -

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%