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Ratios

Wells Fargo & Company (WFCNP) Tax Rate (2009 - 2026)

Wells Fargo & Company recorded quarterly Tax Rate of 11.55% in Q1 2026, down 31.64% quarter-over-quarter from 16.9% in Q4 2025, and up 175.0% year-over-year from 4.2% in Q1 2025.

Wells Fargo & Company's Tax Rate history runs 18 years deep, the most recent figure standing at 11.55% for Q1 2026.

  • In Q1 2026, Tax Rate rose 175.0% year-over-year to 11.55%; the TTM figure through Mar 2026 stood at 15.51% (up 271.0% YoY), while the FY2025 annual figure 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.
  • A 5-year average of 13.1% and a median of 15.99% in 2022 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate slumped 2242 bps in 2022 and soared 1467 bps in 2025, its largest moves.
  • Wells Fargo & Company's Tax Rate stood at 1.0% in 2022, then plunged by 192 bps to 2.93% in 2023, then jumped by 176 bps to 2.23% in 2024, then soared by 658 bps to 16.9% in 2025, then sank by 32 bps to 11.55% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 11.55%, 16.9%, and 18.82% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Canadian Imperial Bank Of Commerce 1,282,929,665.61 Bn 1,282,929,665.82 Bn - -
2 Toronto Dominion Bank 928.05 Bn 749.34 Bn - -
3 Hsbc Holdings 799.80 Bn 799.80 Bn - -
4 Barclays 460.27 Bn 460.27 Bn - -
5 Bank Of America 373.62 Bn -233.08 Bn 29.24 Bn 17.49
6 Bank Of Montreal 316.89 Bn 316.89 Bn - 25.14
7 Wells Fargo & Company 238.28 Bn 163.21 Bn - 11.55
8 Citigroup 235.82 Bn -1,949.18 Bn 19.85 Bn 33.80
9 Bank of New York Mellon 94.86 Bn 37.94 Bn - 19.15
10 Wells Fargo & Company - - - 11.55

Historic Data

Download Data 🔒
DateValue
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
Sep 30, 2023 12.39
Sep 30, 2023 12.39
Jun 30, 2023 15.94
Jun 30, 2023 15.94
Mar 31, 2023 16.52
Mar 31, 2023 16.52
Dec 31, 2022 -1.00
Dec 31, 2022 -1.00
Sep 30, 2022 20.38
Sep 30, 2022 20.38
Jun 30, 2022 17.29
Jun 30, 2022 17.29
Mar 31, 2022 15.99
Mar 31, 2022 15.99
Dec 31, 2021 21.42
Dec 31, 2021 21.42
Sep 30, 2021 21.96
Sep 30, 2021 21.96
Jun 30, 2021 17.65
Jun 30, 2021 17.65
Mar 31, 2021 16.12
Mar 31, 2021 16.12
Dec 31, 2020 14.85
Dec 31, 2020 14.85
Sep 30, 2020 -2.50
Sep 30, 2020 -2.50
Jun 30, 2020 34.51
Jun 30, 2020 34.51
Mar 31, 2020 23.95
Mar 31, 2020 23.95
Dec 31, 2019 42.49
Dec 31, 2019 42.49
Sep 30, 2019 21.32
Sep 30, 2019 21.32
Jun 30, 2019 16.95
Jun 30, 2019 16.95
Mar 31, 2019 12.87
Mar 31, 2019 12.87
Dec 31, 2018 13.57
Dec 31, 2018 13.57
Sep 30, 2018 19.90
Sep 30, 2018 19.90
Jun 30, 2018 25.42
Jun 30, 2018 25.42
Mar 31, 2018 20.50
Mar 31, 2018 20.50
Dec 31, 2017 -35.70
Dec 31, 2017 -35.70
Sep 30, 2017 32.16
Sep 30, 2017 32.16
Jun 30, 2017 27.58
Jun 30, 2017 27.58
Mar 31, 2017 27.14
Mar 31, 2017 27.14
Dec 31, 2016 29.86
Dec 31, 2016 29.86
Sep 30, 2016 31.51
Sep 30, 2016 31.51
Jun 30, 2016 32.22
Jun 30, 2016 32.22
Mar 31, 2016 31.77
Mar 31, 2016 31.77
Dec 31, 2015 31.06
Dec 31, 2015 31.06
Sep 30, 2015 31.80
Sep 30, 2015 31.80
Jun 30, 2015 32.32
Jun 30, 2015 32.32
Mar 31, 2015 27.92
Mar 31, 2015 27.92
Dec 31, 2014 30.31
Dec 31, 2014 30.31
Sep 30, 2014 30.73
Sep 30, 2014 30.73
Jun 30, 2014 33.15
Jun 30, 2014 33.15
Mar 31, 2014 27.26
Mar 31, 2014 27.26
Dec 31, 2013 30.47
Dec 31, 2013 30.47
Sep 30, 2013 31.54
Sep 30, 2013 31.54
Jun 30, 2013 33.80
Jun 30, 2013 33.80
Mar 31, 2013 31.68
Mar 31, 2013 31.68
Dec 31, 2012 26.64
Dec 31, 2012 26.64
Sep 30, 2012 33.02
Sep 30, 2012 33.02
Jun 30, 2012 33.43
Jun 30, 2012 33.43
Mar 31, 2012 35.02
Mar 31, 2012 35.02
Dec 31, 2011 -28.05
Dec 31, 2011 -28.05
Sep 30, 2011 32.54
Sep 30, 2011 32.54
Jun 30, 2011 32.95
Jun 30, 2011 32.95
Mar 31, 2011 29.19
Mar 31, 2011 29.19
Dec 31, 2010 -50.63
Dec 31, 2010 -50.63
Sep 30, 2010 33.83
Sep 30, 2010 33.83
Jun 30, 2010 32.50
Jun 30, 2010 32.50
Mar 31, 2010 35.02
Mar 31, 2010 35.02
Dec 31, 2009 -214.64
Dec 31, 2009 -214.64
Sep 30, 2009 29.01
Sep 30, 2009 29.01
Jun 30, 2009 31.22
Jun 30, 2009 31.22
Mar 31, 2009 33.44
Mar 31, 2009 33.44