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Wells Fargo Tax Rate %

: 6.36% (As of Mar. 2021)
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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. 2021 was $326 Mil. Wells Fargo's Pre-Tax Income for the three months ended in Mar. 2021 was $5,122 Mil. Therefore, Wells Fargo's Tax Rate % for the quarter that ended in Mar. 2021 was 6.36%.

Wells Fargo Tax Rate % Historical Data

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wells Fargo Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Tax Rate %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.37 17.96 19.84 17.18 -517.21

Wells Fargo Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 23.95 62.68 22.52 3.27 6.36

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. 2020 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2020 )/Pre-Tax Income (A: Dec. 2020 )
=-3005/581
=-517.21 %

Wells Fargo's Tax Rate % for the quarter that ended in Mar. 2021 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2021 )/Pre-Tax Income (Q: Mar. 2021 )
=326/5122
=6.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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