Wells Fargo annual return on equity
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2025
Wells Fargo Return on Equity (ROE) Growth & History (WFC)
Wells Fargo's return on equity was 11.85% for fiscal 2025.
View full Wells Fargo company overviewWells Fargo annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 11.85% | +1.04 pp |
| 2024 | 2024-12-31 | 10.81% | +0.35 pp |
| 2023 | 2023-12-31 | 10.46% | +3.02 pp |
| 2022 | 2022-12-31 | 7.44% | −4.44 pp |
| 2021 | 2021-12-31 | 11.88% | +10.06 pp |
| 2020 | 2020-12-31 | 1.82% | −8.47 pp |
| 2019 | 2019-12-31 | 10.29% | −0.82 pp |
| 2018 | 2018-12-31 | 11.11% | +0.20 pp |
| 2017 | 2017-12-31 | 10.91% | −0.26 pp |
| 2016 | 2016-12-31 | 11.18% | −0.96 pp |
| 2015 | 2015-12-31 | 12.13% | −0.87 pp |
| 2014 | 2014-12-31 | 13.01% | −0.35 pp |
| 2013 | 2013-12-31 | 13.35% | +0.66 pp |
| 2012 | 2012-12-31 | 12.69% | +0.79 pp |
| 2011 | 2011-12-31 | 11.90% | +1.52 pp |
| 2010 | 2010-12-31 | 10.38% | −1.26 pp |
| 2009 | 2009-12-31 | 11.64% | +8.03 pp |
| 2008 | 2008-12-31 | 3.61% | — |
Wells Fargo quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.57% | +0.54 pp |
| Q1 2026 | 2026-03-31 | 2.92% | +0.20 pp |
| Q4 2025 | 2025-12-31 | 2.96% | +0.16 pp |
| Q3 2025 | 2025-09-30 | 3.09% | +0.24 pp |
| Q2 2025 | 2025-06-30 | 3.03% | +0.29 pp |
| Q1 2025 | 2025-03-31 | 2.72% | +0.20 pp |
| Q4 2024 | 2024-12-31 | 2.80% | +0.92 pp |
| Q3 2024 | 2024-09-30 | 2.84% | −0.35 pp |
| Q2 2024 | 2024-06-30 | 2.75% | +0.01 pp |
| Q1 2024 | 2024-03-31 | 2.52% | −0.24 pp |
| Q4 2023 | 2023-12-31 | 1.88% | +0.11 pp |
| Q3 2023 | 2023-09-30 | 3.20% | +1.16 pp |
| Q2 2023 | 2023-06-30 | 2.73% | +0.97 pp |
| Q1 2023 | 2023-03-31 | 2.76% | +0.70 pp |
| Q4 2022 | 2022-12-31 | 1.77% | −1.58 pp |
| Q3 2022 | 2022-09-30 | 2.03% | −0.66 pp |
| Q2 2022 | 2022-06-30 | 1.76% | −1.43 pp |
| Q1 2022 | 2022-03-31 | 2.07% | −0.43 pp |
| Q4 2021 | 2021-12-31 | 3.35% | +1.52 pp |
| Q3 2021 | 2021-09-30 | 2.69% | +0.91 pp |
| Q2 2021 | 2021-06-30 | 3.19% | +5.32 pp |
| Q1 2021 | 2021-03-31 | 2.49% | +2.14 pp |
| Q4 2020 | 2020-12-31 | 1.83% | +0.24 pp |
| Q3 2020 | 2020-09-30 | 1.78% | −0.57 pp |
| Q2 2020 | 2020-06-30 | −2.12% | −5.25 pp |
| Q1 2020 | 2020-03-31 | 0.35% | −2.62 pp |
| Q4 2019 | 2019-12-31 | 1.60% | −1.47 pp |
| Q3 2019 | 2019-09-30 | 2.35% | −0.62 pp |
| Q2 2019 | 2019-06-30 | 3.13% | +0.60 pp |
| Q1 2019 | 2019-03-31 | 2.97% | +0.48 pp |
| Q4 2018 | 2018-12-31 | 3.07% | +0.09 pp |
| Q3 2018 | 2018-09-30 | 2.97% | +0.76 pp |
| Q2 2018 | 2018-06-30 | 2.53% | −0.35 pp |
| Q1 2018 | 2018-03-31 | 2.49% | −0.32 pp |
| Q4 2017 | 2017-12-31 | 2.98% | +0.36 pp |
| Q3 2017 | 2017-09-30 | 2.21% | −0.58 pp |
| Q2 2017 | 2017-06-30 | 2.88% | +0.10 pp |
| Q1 2017 | 2017-03-31 | 2.81% | +0.01 pp |
| Q4 2016 | 2016-12-31 | 2.62% | −0.27 pp |
| Q3 2016 | 2016-09-30 | 2.79% | −0.24 pp |
| Q2 2016 | 2016-06-30 | 2.78% | −0.24 pp |
| Q1 2016 | 2016-03-31 | 2.80% | −0.31 pp |
| Q4 2015 | 2015-12-31 | 2.89% | −0.22 pp |
| Q3 2015 | 2015-09-30 | 3.03% | −0.12 pp |
| Q2 2015 | 2015-06-30 | 3.02% | −0.19 pp |
| Q1 2015 | 2015-03-31 | 3.11% | −0.30 pp |
| Q4 2014 | 2014-12-31 | 3.11% | −0.21 pp |
| Q3 2014 | 2014-09-30 | 3.15% | −0.23 pp |
| Q2 2014 | 2014-06-30 | 3.21% | −0.19 pp |
| Q1 2014 | 2014-03-31 | 3.41% | +0.17 pp |
| Q4 2013 | 2013-12-31 | 3.33% | +0.07 pp |
| Q3 2013 | 2013-09-30 | 3.38% | +0.12 pp |
| Q2 2013 | 2013-06-30 | 3.40% | +0.25 pp |
| Q1 2013 | 2013-03-31 | 3.24% | +0.26 pp |
| Q4 2012 | 2012-12-31 | 3.26% | +0.31 pp |
| Q3 2012 | 2012-09-30 | 3.26% | +0.30 pp |
| Q2 2012 | 2012-06-30 | 3.15% | +0.22 pp |
| Q1 2012 | 2012-03-31 | 2.97% | +0.08 pp |
| Q4 2011 | 2011-12-31 | 2.95% | +0.22 pp |
| Q3 2011 | 2011-09-30 | 2.96% | +0.21 pp |
| Q2 2011 | 2011-06-30 | 2.93% | +0.33 pp |
| Q1 2011 | 2011-03-31 | 2.89% | +0.66 pp |
| Q4 2010 | 2010-12-31 | 2.73% | +0.32 pp |
| Q3 2010 | 2010-09-30 | 2.74% | +0.01 pp |
| Q2 2010 | 2010-06-30 | 2.60% | −0.37 pp |
| Q1 2010 | 2010-03-31 | 2.23% | — |
| Q4 2009 | 2009-12-31 | 2.41% | — |
| Q3 2009 | 2009-09-30 | 2.73% | — |
| Q2 2009 | 2009-06-30 | 2.97% | — |
Wells Fargo return on equity trends
Over the last five fiscal years, Wells Fargo's return on equity increased from 1.82% to 11.85%, a change of +10.03 percentage points. The latest reported quarter, Q2 2026, shows 3.57%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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