Wells Fargo & Company (WFC) Tax Rate (2009 - 2026)
Wells Fargo & Company (WFC) posted Tax Rate of 17.42% for Q2 2026, up 50.8% sequentially from 11.55% in Q1 2026, and up 319.0% YoY from 4.16% in Q2 2025.
Wells Fargo & Company (WFC) Tax Rate (2009 - 2026) Analysis & Trends
Wells Fargo & Company has reported Tax Rate for 18 years, with the latest figure at 17.42% in Q2 2026.
- Quarterly Tax Rate rose 319.0% year-over-year to 17.42% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 16.37% (up 516.0% YoY) and the FY2025 annual result came in at 15.24%, up 69.0% from the prior year.
- Tax Rate advanced to 17.42% in Q2 2026 per WFC's latest filing, from 11.55% in the prior quarter.
- Over five years, Tax Rate peaked at 20.38% in Q3 2022 and troughed at 2.93% in Q4 2023.
- A 5-year average of 13.34% and a median of 16.26% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2025: Tax Rate tumbled 2242 bps in 2022, then jumped 1467 bps in 2025.
- Over 5 years, Tax Rate stood at 1.0% in 2022, then sank by 192 bps to 2.93% in 2023, then surged by 176 bps to 2.23% in 2024, then jumped by 658 bps to 16.9% in 2025, then gained by 3 bps to 17.42% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 17.42%, 11.55%, and 16.9% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 21.54% |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 60.94% |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 21.90% |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 17.42% |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 24.29% |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 24.97% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | -7.60% |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 20.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.42% |
| Jun 30, 2026 | 17.42% |
| Jun 30, 2026 | 17.42% |
| Mar 31, 2026 | 11.55% |
| Mar 31, 2026 | 11.55% |
| Mar 31, 2026 | 11.55% |
| Dec 31, 2025 | 16.90% |
| Dec 31, 2025 | 16.90% |
| Dec 31, 2025 | 16.90% |
| Sep 30, 2025 | 18.82% |
| Sep 30, 2025 | 18.82% |
| Sep 30, 2025 | 18.82% |
| Jun 30, 2025 | 14.23% |
| Jun 30, 2025 | 14.23% |
| Jun 30, 2025 | 14.23% |
| Mar 31, 2025 | 9.80% |
| Mar 31, 2025 | 9.80% |
| Mar 31, 2025 | 9.80% |
| Dec 31, 2024 | 2.23% |
| Dec 31, 2024 | 2.23% |