Wells Fargo & Company (WFC) Tax Rate (2009 - 2026)
Wells Fargo & Company's (WFC) quarterly Tax Rate came in at 11.55% in Q1 2026, up 175.0% year-on-year from 4.2% in Q1 2025, and down 31.64% quarter-over-quarter from 16.9% in Q4 2025.
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 11.55% for Q1 2026.
- Tax Rate for Q1 2026 came in at 11.55%, up 175.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.51% (up 271.0% YoY), and the FY2025 annual result was 15.24%, up 69.0% from the prior year.
- Tax Rate came in at 11.55% for Q1 2026 at Wells Fargo & Company, down from 16.9% 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.
- The 5-year median for Tax Rate is 15.99% (2022), against an average of 13.1%.
- Across the five-year window, Tax Rate tumbled 2242 bps in 2022 and surged 1467 bps in 2025, its largest moves.
- Wells Fargo & Company's Tax Rate stood at 1.0% in 2022, then sank 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 slumped by 32 bps to 11.55% in 2026.
- The last three Tax Rate figures came in at 11.55% (Q1 2026), 16.9% (Q4 2025), and 18.82% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 23.02% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -21.14% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 21.90% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.14% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 17.49% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67% |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 26.08% |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 11.55% |
| 10 | Citigroup | 242.69 Bn | -1,942.31 Bn | 19.85 Bn | 33.80% |
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% |