Wells Fargo & Company (WFC) Tax Rate (2009 - 2026)
Wells Fargo & Company's (WFC) quarterly Tax Rate came in at 17.42% in Q2 2026, up 319.0% year-over-year from 4.16% in Q2 2025, and up 50.8% quarter-over-quarter from 11.55% in Q1 2026.
Analysis
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 17.42% for Q2 2026.
- In Q2 2026, Tax Rate rose 319.0% year-over-year to 17.42%; the TTM figure through Jun 2026 stood at 16.37% (up 516.0% YoY), while the FY2025 annual figure was 15.24%, up 69.0% from the prior year.
- Tax Rate came in at 17.42% for Q2 2026 at Wells Fargo & Company, up from 11.55% 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.
- Average Tax Rate over 5 years is 13.34%, with a median of 16.26% recorded in 2023.
- Year-over-year, Tax Rate slumped 2242 bps in 2022 and soared 1467 bps in 2025.
- Over 5 years, Tax Rate stood at 1.0% in 2022, then tumbled 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 increased by 3 bps to 17.42% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 17.42% in Q2 2026, 11.55% in Q1 2026, and 16.9% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 342.23 Bn | 182.09 Bn | - | 23.07% |
| 3 | Goldman Sachs | 302.60 Bn | -673.74 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 295.00 Bn | 68.16 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 272.35 Bn | 70.52 Bn | - | 17.42% |
| 7 | American Express | 220.11 Bn | 170.79 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.51 Bn | 44.18 Bn | - | -38.63% |
| 10 | Schwab Charles | 189.00 Bn | 115.41 Bn | - | 23.68% |
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% |
| Dec 31, 2023 | -2.93% |
| Sep 30, 2023 | 12.39% |
| Jun 30, 2023 | 15.94% |
| Mar 31, 2023 | 16.52% |
| Dec 31, 2022 | -1.00% |
| 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% |