Filing Flows › Wells Fargo (WFC) › Q3 2025
Wells Fargo (WFC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Wells Fargo (WFC) reported revenue of $21.4B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 32.2%, net earnings $5.6B (26.1% of revenue).
Wells Fargo, Q3 2025: revenue $21.4B (+5% year over year), operating margin 32.2%, net earnings $5.6B, operating cash flow −$869M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4B | +3% | +5% |
| Operating profit | $6.9B | +7% | +11% |
| Net earnings | $5.6B | +2% | +9% |
| Operating cash flow | −$869M | — | — |
What changed
Revenue was $21.4B in Q3 2025, up 5% year over year and up 3% from the previous quarter.
Operating profit was $6.9B, a 32.2% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 31% margin then. Total costs grew 3% against revenue growth of 5%. The fastest-growing cost line was Sales & marketing (+44%). Net earnings were $5.6B, up 9% year over year. The effective tax rate was 18.8%.
Operating cash flow was −$0.87B. Non-cash charges added back $1.8B of depreciation and amortization. Working capital and other items used $8.3B.
Questions
What was Wells Fargo's revenue in the third quarter 2025?
Wells Fargo (WFC) reported revenue of $21.4B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was Wells Fargo profitable in the third quarter 2025?
Operating profit was $6.9B (32.2% of revenue) and net earnings $5.6B.
Source: Wells Fargo 10-Q on SEC EDGAR.