Wells FargoWBO:WFC +0.60%74 Net Margin % is 24.49% as of Mar. 2026, which is 0% above its 10-year median of 24.41. GuruFocus rates WBO:WFC with a GF Score™ of 74/100 and a GF Value™ of €66.62. The stock has 2 warning signs investors should review. Among 1,526 Banks companies, Wells Fargo ranks worse than 53.67% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Wells Fargo's Net Income for the
three
months ended in Mar. 2026 was €4,544 Mil. Wells Fargo's Revenue for the
three
months ended in Mar. 2026 was €18,551 Mil. Therefore, Wells Fargo's net margin for the quarter that ended in Mar. 2026 was 24.49%.
The historical rank and industry rank for Wells Fargo's Net Margin % or its related term are showing as below:
WBO:WFC'
s Net Margin % Range Over the Past 10 Years
Min: 4.55 Med: 24.41 Max: 27.93
Current: 25.6
WBO:WFC's Net Margin % is ranked worse than 53.67% of 1526
companies
in the Banks industry
Industry Median: 26.97
vs WBO:WFC: 25.60
Wells Fargo (WBO:WFC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Wells Fargo Net Margin % Related Terms
Wells Fargo Net Margin % Historical Data
* Premium members only.
The historical data trend for Wells Fargo's Net Margin % can be seen below:
* 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.
For the Banks - Diversified subindustry, Wells Fargo's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Wells Fargo Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Wells Fargo's Net Margin % distribution charts can be found below:
* The bar in red indicates where Wells Fargo's Net Margin % falls into.
* 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.
Wells Fargo (WBO:WFC) has a Net Margin % of 24.49% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Wells Fargo and its competitors. This is near median its historical median of 24.41. Over the past decade, Wells Fargo's Net Margin % has ranged from 4.55 to 27.93. According to the industry distribution chart, Wells Fargo ranks #819 out of 1526 companies in the Banks industry, placing it in the top 53.7%.
Is Wells Fargo's Net Margin % too high?
Wells Fargo's current Net Margin % of 24.49% is near median its 10-year median of 24.41. Over the past 10 years, this metric has ranged from a low of 4.55 to a high of 27.93. The Banks industry median Net Margin % is 26.97. Wells Fargo's value of 24.49% is 9.2% below this industry median. Based on the distribution chart, Wells Fargo ranks #819 out of 1526 companies in the Banks industry, which is below the industry midpoint. Overall, Wells Fargo has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Wells Fargo's Net Margin % compare to C and BAC?
According to the Banks industry distribution chart, Wells Fargo ranks #819 out of 1526 companies for Net Margin %. This places Wells Fargo in the lower half of its industry. The industry median Net Margin % is 26.97. Wells Fargo's value of 24.49% is 9.2% below this benchmark. Historically, Wells Fargo's own Net Margin % has ranged from 4.55 to 27.93 over the past decade. While the company's 10-year median is 24.41 vs. the industry median of 26.97, Wells Fargo has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.97, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wells Fargo's current Net Margin % of 24.49% is 9.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Wells Fargo and its competitors. For the Banks industry, the median Net Margin % is 26.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wells Fargo's current Net Margin % is 24.49%, which is near median its own 10-year median of 24.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wells Fargo stock overvalued right now?
Wells Fargo (WBO:WFC) has a current Net Margin % of 24.49%. The stock's GF Value™ is €66.62, compared to a current price of €74.13 — trading 11.3% above its estimated fair value. The current Net Margin % is 24.49%, which is near median its 10-year median of 24.41 and 9.2% below the Banks industry median of 26.97. Wells Fargo's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Wells Fargo (WBO:WFC), the current Net Margin % is 24.49% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Wells Fargo (WBO:WFC) Overvalued in 2026?
Based on GuruFocus' analysis, Wells Fargo stock appears to be overvalued.
The current stock price of €74.13 is trading 11.3% above its estimated GF Value™ of €66.62.
Key valuation signals for WBO:WFC:
Net Margin %: 24.49% (near median its 10-year median of 24.41)
GF Value™: €66.62 vs. price of €74.13 (11.3% above fair value)
Industry Position: 9.2% below the Banks median (#819 of 1526)
No single metric tells the full story. See the WBO:WFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wells Fargo is a premier, North American-focused banking titan that commands a $2.2 trillion balance sheet and the third-highest deposit market share in the United States. The bank uses a dense, expansive network of 4,093 branches to champion retail consumers and the middle market, where the firm has built a particularly strong reputation. Following the removal of its federal asset cap in 2025, the firm is set to deploy its legacy excess liquidity to expand each of its four segments: consumer & business lending, commercial banking, corporate & investment banking, and wealth & investment management.
74GF Score
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