Filing Flows

Filing Flows › Companies › Wells Fargo › Cash flow

Wells Fargo cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$8.9B in Q3 2026 · $28.9B over twelve months

Operating cash flow$8.9B
Free cash flow+$8.9B
Cash / net income1.5×

Analysis

In Q3 2026, Wells Fargo generated $8.9B of operating cash flow. That is $9.7B more than in Q3 2025 (−$869M).

Over the twelve months to Sep 30, 2026, operating cash flow was $28.9B; the largest uses were other investing ($189.5B), buybacks ($14.5B), dividends ($5.7B); besides operations, cash came from other financing ($168.8B), net borrowing (+) / repaid (−) ($14.8B); the cash balance rose by $6.8B.

Operating cash flow was $8.9B against net income of $6.0B — 1.5× profit, cash ran ahead of reported earnings. The largest differences: prepaid and other assets −$8.3B, depreciation & amortization +$1.8B, other non-cash −$957M.

Free cash flow

Wells Fargo: free cash flow by quarterWells Fargo: free cash flow by quarter$8.9BQ4 2024−$11.0BQ1 2025−$11.2BQ2 2025−$869MQ3 2025$4.1BQ4 2025$9.1BQ1 2026$6.8BQ2 2026$8.9BQ3 2026
Operating cash flow less capital spending.
Wells Fargo: operating cash flow against capital spendingWells Fargo: operating cash flow against capital spendingOperating cash flowCapital spending$8.9B$0Q4 2024−$11.0B$0Q1 2025−$11.2B$0Q2 2025−$869M$0Q3 2025$4.1B$0Q4 2025$9.1B$0Q1 2026$6.8B$0Q2 2026$8.9B$0Q3 2026
Latest (Q3 2026): Operating cash flow $8.9B, Capital spending $0.

Capital allocation, year by year

Wells Fargo: where the cash came from (up) and went (down), by fiscal yearWells Fargo: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedBuybacksDividendsFY2021: Operating cash flow −$11.5BFY2021: Net borrowing −$70.4BFY2021: Shares issued $5.8BFY2021: Buybacks −$14.5BFY2021: Dividends −$2.4B$5.8BFY2021FY2022: Operating cash flow $27.0BFY2022: Net borrowing $50.7BFY2022: Buybacks −$6.0BFY2022: Dividends −$4.2B$77.8BFY2022FY2023: Operating cash flow $40.4BFY2023: Net borrowing $64.6BFY2023: Shares issued $1.7BFY2023: Buybacks −$11.9BFY2023: Dividends −$4.8B$106.7BFY2023FY2024: Operating cash flow $3.0BFY2024: Net borrowing −$7.9BFY2024: Shares issued $2.0BFY2024: Buybacks −$19.4BFY2024: Dividends −$5.1B$5.0BFY2024FY2025: Operating cash flow −$19.0BFY2025: Net borrowing −$3.1BFY2025: Buybacks −$17.5BFY2025: Dividends −$5.4BFY2025
Over these 5 years operating cash flow totalled $39.9B; the largest uses were net borrowing ($81.4B) and buybacks ($69.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$179.4B
Debt$221.0B
Net debt$41.7B
Due within a year$23.5B

Wells Fargo funds itself: free cash flow was $28.9B over the last twelve months, and $179.4B of cash and investments stands against $221.0B of debt ($23.5B due within a year, 7.6× covered by cash).

Wells Fargo: debt maturities by year (FY2025)Wells Fargo: debt maturities by year (FY2025)$23.5BYear 1$13.3BYear 2$26.4BYear 3$19.2BYear 4$12.1BYear 5$80.2BAfter year 5
Principal due in each year as disclosed in the annual report, against $179.4B of cash and investments now.

Where the cash came from and went

Wells Fargo: sources (+) and uses (−) of cash, Q3 2026Wells Fargo: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$22.1BOther investing−$18.5BOther financing−$17.3BOperating cash flow$8.9BNet borrowing (+) / repaid (−)$7.1BBuybacks−$2.5BShares issued$1.7BDividends−$1.5B
Wells Fargo: sources (+) and uses (−) of cash, TTM to Q3 2026Wells Fargo: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$189.5BOther financing$168.8BOperating cash flow$28.9BNet borrowing (+) / repaid (−)$14.8BBuybacks−$14.5BCash drawn (+) / kept (−)−$6.8BDividends−$5.7BShares issued$4.0B

From profit to cash

Wells Fargo: net income to operating cash flow, Q3 2026Wells Fargo: net income to operating cash flow, Q3 2026Net income$6.0BDepreciation & amortization$1.8BOther non-cash−$957MPrepaid and other assets−$8.3BOperating cash flow$8.9B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$8.9B−$2.5B−$1.5B$7.1B$1.7B$22.1B$8.9B
Q2 2026$6.8B−$3.0B−$1.4B−$685M—−$28.2B$6.8B
Q1 2026$9.1B−$4.0B−$1.4B$10.3B$2.2B−$680M$9.1B
Q4 2025$4.1B−$5.0B−$1.4B−$2.0B—−$77.0M$4.1B
Q3 2025−$869M−$6.0B−$1.4B$44.1B—$20.6B−$869M
Q2 2025−$11.2B−$3.0B−$1.3B$47.9B—−$17.0B−$11.2B
Q1 2025−$11.0B−$3.5B−$1.3B$28.7B—$25.7B−$11.0B
Q4 2024$8.9B−$4.0B−$1.3B−$6.3B—−$17.8B$8.9B

Wells Fargo: income statement and cash flow

Wells Fargo, Q3 2026: revenue $21.9B (+2% year over year), operating margin 32.5%. The chart follows the revenue to costs, profit and cash.

Wells Fargo: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.