Filing Flows › Wells Fargo (WFC) › Q4 2025
Wells Fargo (WFC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Wells Fargo (WFC) reported revenue of $21.3B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -0.7% from the quarter before. Operating margin was 30.7%, net earnings $5.4B (25.2% of revenue).
Wells Fargo, Q4 2025: revenue $21.3B (+4% year over year), operating margin 30.7%, net earnings $5.4B, operating cash flow $4.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.3B | -0.7% | +4% |
| Operating profit | $6.5B | -6% | +21% |
| Net earnings | $5.4B | -4% | +6% |
| Operating cash flow | $4.1B | — | -54% |
What changed
Revenue was $21.3B in Q4 2025, up 4% year over year and down 1% from the previous quarter.
Operating profit was $6.5B, a 30.7% margin (up 4.2 points year over year). Of the extra revenue versus a year earlier, 125% reached operating profit, above the 26% margin then. Total costs fell 2% while revenue rose 4%. The fastest-growing cost line was Sales & marketing (+45%). Net earnings were $5.4B, up 6% year over year. The effective tax rate was 16.9%.
Operating cash flow was $4.1B (down 54% year over year), 76% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization. Working capital and other items used $3.4B.
Questions
What was Wells Fargo's revenue in the fourth quarter 2025?
Wells Fargo (WFC) reported revenue of $21.3B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -0.7% from the quarter before.
Was Wells Fargo profitable in the fourth quarter 2025?
Operating profit was $6.5B (30.7% of revenue) and net earnings $5.4B.
Source: Wells Fargo 10-K on SEC EDGAR.