Filing Flows › Wells Fargo (WFC) › Q1 2026
Wells Fargo (WFC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Wells Fargo (WFC) reported revenue of $21.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +0.7% from the quarter before. Operating margin was 27.9%, net earnings $5.3B (24.5% of revenue).
Wells Fargo, Q1 2026: revenue $21.4B (+6% year over year), operating margin 27.9%, net earnings $5.3B, operating cash flow $9.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4B | +0.7% | +6% |
| Operating profit | $6.0B | -8% | +12% |
| Net earnings | $5.3B | -2% | +7% |
| Operating cash flow | $9.1B | +122% | — |
What changed
Revenue was $21.4B in Q1 2026, up 6% year over year and up 1% from the previous quarter.
Operating profit was $6.0B, a 27.9% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 26% margin then. Total costs grew 4% against revenue growth of 6%. The fastest-growing cost line was Sales & marketing (+104%). Net earnings were $5.3B, up 7% year over year. The effective tax rate was 11.6%.
Operating cash flow was $9.1B, 173% of net earnings. Non-cash charges added back $1.8B of depreciation and amortization. Working capital and other items added $2.0B.
Questions
What was Wells Fargo's revenue in the first quarter 2026?
Wells Fargo (WFC) reported revenue of $21.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +0.7% from the quarter before.
Was Wells Fargo profitable in the first quarter 2026?
Operating profit was $6.0B (27.9% of revenue) and net earnings $5.3B.
Source: Wells Fargo 10-Q on SEC EDGAR.