Wells Fargo & Company
WFCFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
125,397
Cost of Revenue
47,435
Gross Profit
77,962
Gross Margin
62.2%
Operating Income
23,364
Operating Margin
18.6%
Net Income
19,722
Net Margin
15.7%
EPS (Basic)
$5.43
EPS (Diluted)
$5.37
EBITDA
30,922
EBITDA Margin
24.7%
2023
12/31/2023
Revenue
115,340
Cost of Revenue
38,142
Gross Profit
77,198
Gross Margin
66.9%
Operating Income
21,636
Operating Margin
18.8%
Net Income
19,142
Net Margin
16.6%
EPS (Basic)
$4.88
EPS (Diluted)
$4.83
EBITDA
27,907
EBITDA Margin
24.2%
2022
12/31/2022
Revenue
83,442
Cost of Revenue
10,608
Gross Profit
72,834
Gross Margin
87.3%
Operating Income
15,629
Operating Margin
18.7%
Net Income
13,677
Net Margin
16.4%
EPS (Basic)
$3.17
EPS (Diluted)
$3.14
EBITDA
22,461
EBITDA Margin
26.9%
2021
12/31/2021
Revenue
83,081
Cost of Revenue
-240
Gross Profit
83,321
Gross Margin
100.3%
Operating Income
29,563
Operating Margin
35.6%
Net Income
22,109
Net Margin
26.6%
EPS (Basic)
$4.99
EPS (Diluted)
$4.99
EBITDA
37,453
EBITDA Margin
45.1%
2020
12/31/2020
Revenue
82,227
Cost of Revenue
22,092
Gross Profit
60,135
Gross Margin
73.1%
Operating Income
2,505
Operating Margin
3.0%
Net Income
3,377
Net Margin
4.1%
EPS (Basic)
$0.42
EPS (Diluted)
$0.41
EBITDA
10,724
EBITDA Margin
13.0%