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 13%. 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 seventeen analysis tabs, spanning market multiples, 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 9% YoY
  • WatchNothing flagged to watch next quarter.
  • ConcernNo red flags in the latest quarter.

Trend matrix, last 4 quarters

Dimension2026-06-302026-03-312025-12-312025-09-30
GrowthRevenue up 9% YoYRevenue up 6% YoYRevenue +4% YoYRevenue up 5% YoY
ProfitabilityROE 13%ROE 12%ROE 12%ROE 12%
Cash GenerationOperating cash strong (30% of rev)Operating cash strong (43% of rev)Operating cash strong (19% of rev)Negative operating cash
Balance SheetROTCE 15%ROTCE 14%ROTCE 14%ROTCE 13%

Quarterly financials

Metric2026-06-302026-03-312025-12-312025-09-302025-06-30
Revenue$22.62B$21.45B$21.29B$21.44B$20.82B
Cash & equivalents$201.46B$173.27B$172.59B$172.52B$193.13B
Net income$6.41B$5.25B$5.36B$5.59B$5.49B
Operating cash flow$6.78B$9.14B$4.12B-$869.0M-$11.22B
Free cash flow$6.78B$9.14B$4.12B-$869.0M-$11.22B

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

Sourced directly from SEC EDGARAs of 2026-06-30 (Q2 FY2026) · Evaluated as of 2026-07-28See original filing on SEC

What's inside the full dashboard

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

  • Market Multiples: What buyers have actually paid for this business, week by week, against what they pay today.
  • Cash Flow: Free cash flow generation and operating cash flow trends.
  • Intrinsic Value: Discounted cash flow (DCF) valuation against your own discount rate.
  • 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.