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Net margin is calculated as Net Income divided by its Revenue. Wells Fargo's Net Income for the three months ended in Sep. 2022 was $3,528 Mil. Wells Fargo's Revenue for the three months ended in Sep. 2022 was $19,505 Mil. Therefore, Wells Fargo's net margin for the quarter that ended in Sep. 2022 was 18.09%.
The historical rank and industry rank for Wells Fargo's Net Margin % or its related term are showing as below:
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.
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 in comparison to its industry or sector. The grey bar indicates the Net Margin %'s extreme value range as defined by GuruFocus.
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
Wells Fargo's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as
Net Margin | = | Net Income (A: Dec. 2021 ) | / | Revenue (A: Dec. 2021 ) |
= | 21548 | / | 78492 | |
= | 27.45 % |
Wells Fargo's Net Margin for the quarter that ended in Sep. 2022 is calculated as
Net Margin | = | Net Income (Q: Sep. 2022 ) | / | Revenue (Q: Sep. 2022 ) |
= | 3528 | / | 19505 | |
= | 18.09 % |
* 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 (NYSE: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.
Thank you for viewing the detailed overview of Wells Fargo's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Davis Richard K | director | 800 NICOLLET MALL MINNEAPOLIS MN 55402 |
Norwood Felicia F | director | 120 MONUMENT CIRCLE INDIANAPOLIS IN 46204 |
Morken Cecelia | director | 26025 MUREAU ROAD CALABASAS CA 91302 |
Ling Bei | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Hranicky Kyle G | officer: Sr. Executive Vice President | 1000 LOUISIANA STREET HOUSTON TX 77002 |
Santos Kleber | officer: Sr. Executive Vice President | 1680 CAPITAL ONE DRIVE MCLEAN VA 22102 |
Williams Ather Iii | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Santomassimo Michael P. | officer: Sr. EVP & CFO | 225 LIBERTY STREET NEW YORK NY 10286 |
Chancy Mark A | director | 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308 |
Owens Lester | officer: Sr. Executive Vice President | 240 GREENWICH STREET NEW YORK NY 10286 |
Sommers Barry | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Weinbach Michael S | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Black Steven D | director | C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017 |
Carr Muneera S | officer: EVP, CAO & Controller | 1717 MAIN STREET MAIL CODE 6500 DALLAS TX 75201 |
Patterson Ellen R | officer: Sr. EVP and General Counsel | 30 HUDSON YARDS NEW YORK NY 10001 |
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