Wells Fargo Net Income

Net Income of Wells Fargo 2004-2021

Amounts are in $millions.

YearNet Income ($m) 
2021$21,548
2020$3,377
2019$19,715
2018$22,393 
2017$22,183  
2016$21,938 
2015$22,894 
2014$23,057 
2013$21,878 
2012$18,897 
2011$15,869
2010$12,362  
2009$12,275  
2008$2,655
2007$8,057 
2006$8,420 
2005$7,671
2004 $7,014

2021: Wells Fargo generated $21,548 million in net income in 2021 compared to $3,377 million in 2020. The total net revenue of the company in 2021 remained $78,492 million compared to $74,264 million in 2020. While the net revenue of the company increased by 6% in 2021 compared to the prior year, its net income increased by 538%.

The net income of Wells fargo grew to $22.4 Billion in 2018 from $22.2 billion in 2017.

 Wells Fargo net income for 2018 was $22.4 billion ($4.28 diluted earnings per common share), compared with $22.2 billion ($4.10 diluted per share) for 2017 and $21.9 billion ($3.99 diluted per share) for 2016. Financial performance of wells Fargo in 2018 benefited from a $438 million increase in net interest income, a $784 million decrease in its provision for credit losses, and a $2.4 billion decrease in noninterest expense, partially offset by a $2.4 billion decrease in noninterest income, and a $745 million increase in income tax expense.