Wells Fargo & Company (WFC) Fundamental Analysis

Wells Fargo & Company is a financial institution whose performance is read through net interest income, fee revenue and return on equity rather than product margins. It is solidly profitable, earning a return on equity of 12%. Cash generation is healthy, funding the business from its own operations. On the latest filing the majority of indicators are constructive.

Beat Index assesses Wells Fargo & Company across sixteen analysis tabs, spanning revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads positively across revenue growth, profit margins, cash generation and balance-sheet strength. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.

At a glance

  • PositiveGrowth: Revenue up 6% YoY
  • WatchNothing flagged to watch next quarter.
  • ConcernNo red flags in the latest quarter.

Trend matrix, last 4 quarters

Dimension2026-03-312025-12-312025-09-302025-06-30
GrowthRevenue up 6% YoYRevenue +4% YoYRevenue up 5% YoYRevenue +1% YoY
ProfitabilityROE 12%ROE 12%ROE 12%ROE 12%
Cash GenerationOperating cash strong (43% of rev)Operating cash strong (19% of rev)Negative operating cashNegative operating cash
Balance SheetROTCE 14%ROTCE 14%ROTCE 13%ROTCE 13%

Quarterly financials

Metric2026-03-312025-12-312025-09-302025-06-302025-03-31
Revenue$21.45B$21.29B$21.44B$20.82B$20.15B
Cash & equivalents$173.27B$172.59B$172.52B$193.13B$176.18B
Net income$5.25B$5.36B$5.59B$5.49B$4.89B
Operating cash flow$9.14B$4.12B-$869.0M-$11.22B-$11.04B
Free cash flow$9.14B$4.12B-$869.0M-$11.22B-$11.04B

Figures in USD, as reported to the SEC. Longer history is available in the full analysis.

Sourced directly from SEC EDGARAs of 2026-03-31 (Q1 FY2026) · Evaluated as of 2026-04-29See original filing on SEC

What's inside the full dashboard

Sixteen analysis tabs, all sourced from SEC filings, no estimates.

  • Cash Flow: Free cash flow generation and operating cash flow trends.
  • Intrinsic Value: Discounted cash flow (DCF) valuation and enterprise multiples.
  • Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
  • Margins: Gross, operating, and net profit margin analysis.
  • Returns: Return on equity, return on assets, and return on invested capital.
  • Revenue & Income: Revenue growth, composition, and year-over-year income trends.
  • Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
  • Risk: Debt levels, liquidity ratios, and financial risk indicators.
  • Insider: Insider stock transactions and executive activity.
  • Commitments: Operating leases, purchase commitments, and future obligations.

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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.