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Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
WELLS FARGO & COMPANY/MN’s top-line, gross profit, pretax income, and bottom-line conversion. Values are shown in USD millions.
CAGR 21.8% (FY2021 to FY2025)
Latest annual filing: FY2025
CAGR -3.9% (FY2021 to FY2025)
CAGR -0.9% (FY2021 to FY2025)
Change vs FY2021: +7262 bps
Change vs FY2021: -4562 bps
Change vs FY2021: -3126 bps
Profitability profile tracked across FY2021 through FY2025.
Side-by-side read of gross, operating, and net margin.
Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
Negative values are highlighted to make slowdowns obvious.
The most direct way to see whether the business is accelerating or rolling over.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Over the five-year period, Wells Fargo’s revenue shows a robust upward trend—from USD 39.7 billion in 2021 to a peak of USD 90.8 billion in 2024—before slightly retracting to USD 87.3 billion in 2025. This revenue expansion represents significant business growth, although the minor dip in 2025 may hint at short‐term adjustments or market pressures. Gross profit displayed marked volatility; it started as a negative figure in 2021 (–USD 14.1 billion) and 2022 (–USD 3.2 billion) before a dramatic turnaround in 2023 reaching USD 29.6 billion, then peaking in 2024 at USD 36.2 billion and moderating a bit in 2025 to USD 32.5 billion. Such swings in gross profit suggest that earlier periods likely involved significant cost inefficiencies or asset write-offs, with later improvements pointing to enhanced operational efficiencies and a better cost structure. Pretax income, as evidenced by the operating income metric, experienced considerable fluctuation. It fell steeply by nearly 47% from USD 29.6 billion in 2021 to USD 15.6 billion in 2022—a decline that exceeds the 20% threshold—before gradually recovering to USD 25.2 billion in 2025. Net income followed a similar pattern, dropping from USD 22.1 billion in 2021 to USD 13.7 billion in 2022, then rebounding to USD 21.3 billion in 2025. Given the competitive and highly regulated banking sector, these performances suggest that Wells Fargo has been navigating significant internal challenges and external market conditions, yet its recovery in profitability metrics indicates resilience. Overall, while there were notable year-over-year swings, the trend toward stabilizing revenue and profitability—especially after the turnaround in gross profit—supports a cautiously optimistic outlook on Wells Fargo’s financial health and long-term sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.