NYSE$WFC

Wells Fargo & Co · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Wells Fargo reported Q2 2025 total revenue of $20.8B with net income of $5.5B and diluted EPS of $1.60.

Total revenue was $20.8 billion as noninterest income rose while net interest income declined modestly year over year. Net income was $5.5 billion; diluted EPS was $1.60. Credit quality remained stable and the company continued share repurchases under its capital plan.

  • Q2 total revenue $20.8B; net income $5.5B.
  • Diluted EPS $1.60 (+20% YoY).
  • Noninterest income growth partially offset NII pressure.
  • Capital returns and efficiency initiatives continue.

Headline financials

Total Revenue

$20.8B

Previous: $20.7B+0.6%
EPS (adj)

$1.60

Previous: $1.33+20.3%
Free Cash Flow

$5.49B

Previous: $4.91B+11.9%
Net Income

$5.49B

Previous: $4.91B+11.9%
Operating Income

$8.83B

Previous: $6.61B+33.6%
Gross Profit

$19.7B

Previous: $19.3B+1.9%
Cash & Equivalents

$35.1B

Previous: $32.7B+7.3%
Total Assets

$1.98T

Previous: $1.94T+2.1%

Revenue & EPS history

Wells Fargo · Revenue · Quarterly

$20.8B

Q2 2025+0.6%vs Q2 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Wells Fargo · $21.6B total across 4 segments · Q3 2023

  • Consumer Banking and Lending
    $9.58B+3.3%
  • Corporate and Investment Banking
    $4.92B+21.3%
  • Wealth and Investment Management
    $3.7B+1.0%
  • Commercial Banking
    $3.41B+15.3%

Forward guidance

Financial services outlook focuses on volumes, spreads, and capital returns.

Tailwinds

  • Trading or lending volumes and fee income trends.
  • Capital ratios support dividends and buybacks.

Headwinds

  • Market volatility and credit costs may pressure earnings.
  • Regulatory and competitive dynamics remain headwinds.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

56%

40 / 72 earnings

Positive

+7.6%

Q3 2024

Best reaction

-10.9%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-4.3%-6.0%-15.2%
Q1 2026+0.2%-6.0%-15.2%
Q3 2025+7.0%+5.5%+7.3%
Q2 2025+2.0%-0.5%+4.6%
Q1 2025-1.0%+1.4%+14.8%
Q4 2024+6.7%+8.3%+12.3%
Q3 2024+7.6%+10.6%+21.3%
Q2 2024-4.0%+1.2%-12.3%
Q1 2024+0.5%+0.9%+9.2%
Q4 2023-4.5%-4.8%-2.0%
Q3 2023+4.8%+4.5%+2.9%
Q2 2023+2.4%+5.8%+0.0%
Q1 2023+4.1%+6.5%-5.5%
Q4 2022+3.0%+1.3%+10.9%
Q3 2022+3.7%+2.9%+12.2%
Q2 2022+6.3%+10.3%+18.6%
Q1 2022-2.8%-1.5%-12.2%
Q4 2021+1.2%-0.8%+4.1%
Q3 2021+5.1%+9.3%+10.7%
Q2 2021+4.1%-0.4%+16.5%
Q1 2021+6.2%+10.3%+18.0%
Q4 2020-6.1%-6.6%-3.5%
Q3 2020-7.2%-8.9%-2.7%
Q2 2020-0.2%-1.8%-1.5%
Q1 2020-9.5%-9.7%-23.4%
Q4 2019-7.3%-5.6%-7.7%
Q3 2019+0.6%+1.4%+8.6%
Q2 2019-3.2%-1.5%-7.1%
Q1 2019-2.0%-0.4%-1.2%
Q4 2018+1.1%+3.3%+0.2%
Q3 2018+3.5%+5.9%+3.1%
Q2 2018+1.7%+1.0%+3.6%
Q1 2018-3.6%-4.4%+3.3%
Q4 2017-0.8%+1.4%-10.9%
Q3 2017-2.6%-3.3%-2.5%
Q2 2017-1.6%-1.2%-6.6%
Q1 2017-0.8%-1.3%-0.2%
Q4 2016-1.3%-0.4%+4.3%
Q3 2016-0.6%+1.1%+15.6%
Q2 2016-1.3%-0.7%-2.1%
Q4 2015-4.8%
Q3 2015+1.6%
Q2 2015+1.8%
Q1 2015+0.4%
Q4 2014-2.2%
Q3 2014-4.7%
Q2 2014-1.0%
Q1 2014+0.8%
Q4 2013+1.8%
Q3 2013+0.7%
Q2 2013+3.5%
Q1 2013-2.5%
Q4 2012-1.8%
Q3 2012-3.6%
Q2 2012+3.6%
Q1 2012-2.6%
Q4 2011+0.8%
Q3 2011-1.7%
Q2 2011-10.9%
Q1 2011+0.3%
Q4 2007+2.6%
Q4 2010+2.6%
Q3 2010+5.8%
Q2 2010+0.1%
Q1 2010+5.7%
Q1 2009-0.3%
Q4 2009-0.3%
Q3 2008+4.1%
Q3 2009+4.1%
Q2 2009+2.4%
Q4 2008+2.4%
Q2 2008+2.4%

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