The Business Study

Home/Companies/Wells Fargo

Wells Fargo & Company · WFC

How Wells Fargo makes money

Wells Fargo brought in $83.7 billion in net revenue in 2025 and kept $21.3 billion as profit: $25.49 of every $100. Its biggest source of money was Consumer banking and lending, at $37.4 billion (44% of the total).

From Wells Fargo's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.

Net revenue$83.7 billion2025
Net profit$21.3 billion$25.49 of every $100
Employees205,000$408,288 revenue each

Out of every $100 Wells Fargo took in, it kept

$25.49profit
$0$100 in sales

Where Wells Fargo's money comes from. 4 lines in its 10‑K.

Consumer banking and lending$37.4B44% of total
Corporate and investment banking$19.2B23% of total
Wealth management$16.3B19% of total
Commercial banking$12.0B14% of total

6 years of Wells Fargo's revenue and profit.

2020$3.4B2021$22.1B2022$13.7B2023$19.1B2024$19.7B2025$21.3B
Revenue (on top of each bar)Net profit (under each year)

Fiscal years as Wells Fargo reports them; the latest ended December 31, 2025. Profit is net income.

Quick answers about Wells Fargo.

How does Wells Fargo make money?

Wells Fargo earns interest on loans and fees from banking, cards, mortgages and wealth management. The biggest line in its latest 10-K is Consumer banking and lending ($37.4 billion).

How much money does Wells Fargo make a year?

$83.7 billion in net revenue in 2025, and $21.3 billion in net profit. That's up 2% from the year before.

Is Wells Fargo profitable?

Yes. Wells Fargo made $21.3 billion in net profit in 2025, which is $25.49 of every $100 it took in.

How many employees does Wells Fargo have?

About 205,000 active employees as of December 31, 2025. That works out to $408,288 in net revenue per employee.

Is Wells Fargo growing?

Yes. Revenue went from $74.3 billion in 2020 to $83.7 billion in 2025, up 13%.

Compare Wells Fargo.

Source: Wells Fargo & Company, annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 24, 2026.

Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.