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Wells Fargo Tax Rate %

: 23.95% (As of Mar. 2020)
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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Wells Fargo's Tax Expense for the three months ended in Mar. 2020 was USD 159 Mil. Wells Fargo's Pre-Tax Income for the three months ended in Mar. 2020 was USD 664 Mil. Therefore, Wells Fargo's Tax Rate % for the quarter that ended in Mar. 2020 was 23.95%.

Wells Fargo Tax Rate % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Wells Fargo Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.81 31.37 17.96 19.84 17.18

Wells Fargo Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.87 16.95 21.32 18.82 23.95

Wells Fargo Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Wells Fargo's Tax Rate % for the fiscal year that ended in Dec. 2019 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2019 )/Pre-Tax Income (A: Dec. 2019 )
=4157/24198
=17.18 %

Wells Fargo's Tax Rate % for the quarter that ended in Mar. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2020 )/Pre-Tax Income (Q: Mar. 2020 )
=159/664
=23.95 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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