Filing Flows › Wells Fargo (WFC) › Q2 2026
Wells Fargo (WFC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Wells Fargo (WFC) reported revenue of $22.6B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +5% from the quarter before. Operating margin was 35.6%, net earnings $6.4B (28.3% of revenue).
Wells Fargo, Q2 2026: revenue $22.6B (+9% year over year), operating margin 35.6%, net earnings $6.4B, operating cash flow $6.8B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.6B | +5% | +9% |
| Operating profit | $8.0B | +35% | +25% |
| Net earnings | $6.4B | +22% | +17% |
| Operating cash flow | $6.8B | -26% | — |
What changed
Revenue was $22.6B in Q2 2026, up 9% year over year and up 5% from the previous quarter.
Operating profit was $8.0B, a 35.6% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 89% reached operating profit, above the 31% margin then. Total costs grew 1% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+36%). Net earnings were $6.4B, up 17% year over year. The effective tax rate was 17.4%.
Operating cash flow was $6.8B, 102% of net income including minority interests. Non-cash charges added back $1.9B of depreciation and amortization. Working capital and other items used $1.7B.
Questions
What was Wells Fargo's revenue in the second quarter 2026?
Wells Fargo (WFC) reported revenue of $22.6B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +5% from the quarter before.
Was Wells Fargo profitable in the second quarter 2026?
Operating profit was $8.0B (35.6% of revenue) and net earnings $6.4B.
Source: Wells Fargo 10-Q on SEC EDGAR.