Wells Fargo Net Income
Net Income of Wells Fargo 2004-2021
Amounts are in $millions.
| Year | Net Income ($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.