Wells Fargo & Company WFC
NYSE WFC
$89.68 +1.72 (+1.95%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%