Wells Fargo Revenue, Profits - WFC Annual Income Statement

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$58.86 $0.2 (0.34%) WFC stock closing price Aug 17, 2018 (Closing)

Looking at financial statements, along with the Wells Fargo stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $97.74B for 2017 impacts the WFC stock. Investors typically check year over year or quarter over quarter revenue growth. Along with Wells Fargo assets and Wells Fargo free cash flow, Wells Fargo profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $22.18B and the 2017 revenue is $97.74B.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Wells Fargo Revenues or Net Sales
97.74B94.18B90.03B88.37B88.07B91.25B87.6B93.25B98.64B51.65B
Cost Of Goods Sold (COGS)3.01B1.4B963M1.1B1.34B1.73B2.28B2.83B3.77B4.52B
Wells Fargo Gross Profit
94.73B92.78B89.07B87.28B86.73B89.52B85.32B90.42B94.86B47.13B
Research & Development Expense----------
Selling General & Admin Expense59.86B54.96B51.17B49.06B49.65B55.94B55.41B64.01B68.11B38.64B
Income Before Depreciation Depletion Amortization34.87B37.83B37.9B38.21B37.09B33.58B29.91B26.41B26.75B8.49B
Depreciation Depletion Amortization1.15B1.19B1.25B1.37B1.5B1.67B1.88B2.2B2.58B-
Non Operating Income----------
Interest Expense6.34B4.51B3.01B2.93B2.95B3.43B4.37B5.21B6.18B5.23B
Wells Fargo Pretax Income
27.38B32.12B33.64B33.92B32.63B28.47B23.66B19B18B3.26B
Provision for Income Taxes4.92B10.08B10.37B10.31B10.41B9.1B7.45B6.34B5.33B602M
MinorityInterest277M107M382M551M346M471M342M301M392M-
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations22.46B22.05B23.28B23.61B22.22B19.37B16.21B12.66B12.67B2.66B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Profit/ Loss (Net Income)
22.18B21.94B22.89B23.06B21.88B18.9B15.87B12.36B12.28B2.66B
Average Shares used to compute Diluted EPS5.02B5.11B5.21B5.32B5.37B5.35B5.32B5.26B4.56B3.39B
Average Shares used to compute Basic EPS4.96B5.05B5.14B5.24B5.29B5.29B5.28B5.23B4.55B3.38B
Income Before Nonrecurring Items22.23B22.3B23.03B23.06B21.88B18.9B15.87B12.61B12.55B2.84B
Income from Nonrecurring Items-50.17M-357.81M------247M-272.71M-
Wells Fargo Earnings Per Share Basic Net
4.144.034.214.173.953.402.852.231.760.76
Wells Fargo Earnings Per Share Diluted Net
4.103.994.154.103.893.362.822.211.750.75
EPS Diluted Before Nonrecurring Items4.114.064.154.103.893.362.822.261.810.75
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.541.521.481.351.150.980.480.200.491.30
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Wells Fargo stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Wells Fargo revenue chart, as is the case with Wells Fargo indicates a growing business. One needs to compare the YoY topline or sales growth of WFC stock with its peers like JPM stock and BAC stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $22.18B for WFC stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the WFC income statement, one can check the Wells Fargo historical stock prices to check how the price has moved with time.

Wells Fargo Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
14.31
PS Ratio (price sales ratio)
2.88
Operating Margin
37.3
Net Profit Margin
20.7
Dividend Yield
2.66%