WFC Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-09-30), WFC reported revenue of $21.9B, gross profit of $21.1B (96.3% gross margin), operating income of $20.7B, and net income of $6.0B (27.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
WFC was profitable; revenue fell 34.9% quarter over quarter, and revenue missed consensus by 2.0%.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −34.9% | −7.1% | +8.1 pp |
Consensus revenue estimate was $22.3B; reported revenue was −2.0% versus consensus. EPS was $1.87 versus $1.85 expected.
WFC Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $21.9B | 100% |
| Cost of Revenue | −$804M | 3.7% |
| Gross Profit | $21.1B | 96.3% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$337M | 1.5% |
| Operating Income | $20.7B | 94.8% |
| Interest Expense | −$11.4B | 52.1% |
| Other Income, net | −$13.6B | 62.3% |
| Income Tax Expense | −$1.2B | 5.3% |
| Net Income | $6.0B | 27.2% |
Source: original SEC filing (filed 2026-10-13). Accession 0000072971-26-000318. Data normalized by EarningsFyi.