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How Wells Fargo (WFC) makes money
Wells Fargo (WFC) made $21.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 32¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $21.9B | 100.0% |
| Operating profit | $7.1B | 32.5% |
| Income tax | $1.2B | 5.3% |
| Net earnings | $6.0B | 27.2% |
| Operating cash flow | $8.9B | 40.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $21.9B | +2% |
| Q2 2026 | $22.6B | +9% |
| Q1 2026 | $21.4B | +6% |
| Q4 2025 | $21.3B | +4% |
| Q3 2025 | $21.4B | +5% |
From Wells Fargo's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Wells Fargo make money?
Wells Fargo (WFC) made $21.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 32¢ was left as operating profit, 27¢ was left as net earnings.
What is Wells Fargo's profit margin?
Net earnings were $6.0B, 27.2% of revenue, in the third quarter 2026; the operating margin was 32.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.