Wells Fargo & Company (WFC)

Wells Fargo & Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	82,597	74,368	79,166	74,264	86,832
Revenue Growth (YoY)	11.07%	-6.06%	6.60%	-14.47%	0.49%
Gross Profit	82,597	74,368	79,166	74,264	86,832
Selling, General & Admin	48,530	46,289	48,059	48,479	49,170
Other Operating Expenses	12,431	12,450	1,544	23,280	11,695
Operating Expenses	60,961	58,739	49,603	71,759	60,865
Operating Income	21,636	15,629	29,563	2,505	25,967
Other Expense / Income	-113	-299	1,690	285	491
Pretax Income	21,749	15,928	27,873	2,220	25,476
Income Tax	2,607	2,251	5,764	-1,157	5,761
Net Income	19,142	13,677	22,109	3,377	19,715
Preferred Dividends	1,160	1,115	1,291	1,591	1,612
Net Income Common	17,982	12,562	20,818	1,786	18,103
Net Income Growth	43.15%	-39.66%	1065.62%	-90.13%	-12.50%
Shares Outstanding (Basic)	3,688	3,805	4,062	4,118	4,393
Shares Outstanding (Diluted)	3,720	3,837	4,096	4,134	4,425
Shares Change	-3.04%	-6.33%	-0.92%	-6.58%	-8.54%
EPS (Basic)	4.88	3.30	5.13	0.43	4.12
EPS (Diluted)	4.83	3.27	5.08	0.43	4.09
EPS Growth	47.71%	-35.63%	1081.40%	-89.49%	-4.44%
Free Cash Flow	40,358	27,048	-11,525	2,051	6,730
Free Cash Flow Per Share	10.94	7.11	-2.84	0.50	1.53
Dividend Per Share	1.300	1.100	0.600	1.220	1.920
Dividend Growth	18.18%	83.33%	-50.82%	-36.46%	17.07%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	26.19%	21.02%	37.34%	3.37%	29.90%
Profit Margin	21.77%	16.89%	26.30%	2.40%	20.85%
Free Cash Flow Margin	48.86%	36.37%	-14.56%	2.76%	7.75%
Effective Tax Rate	11.99%	14.13%	20.68%	-52.12%	22.61%
EBITDA	28,020	22,760	35,763	10,439	32,049
EBITDA Margin	33.92%	30.60%	45.17%	14.06%	36.91%
Depreciation & Amortization	6,271	6,832	7,890	8,219	6,573
EBIT	21,749	15,928	27,873	2,220	25,476
EBIT Margin	26.33%	21.42%	35.21%	2.99%	29.34%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).