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| Date | Value |
|---|---|
| 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% |