WFC (Wells Fargo) Selling, General, & Admin. Expense: $38,214 Mil (TTM As of Mar. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WFC Wells Fargo & Co WFC
73 GF Score
Price $88.26
GF Value $76.17
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Wells Fargo Selling, General, & Admin. Expense?

Wells Fargo WFC +0.86% 73 Selling, General, & Admin. Expense is $38,214 Mil as of Mar. 2026. GuruFocus rates WFC with a GF Score™ of 73/100 and a GF Value™ of $76.17 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Wells Fargo's selling, general, & admin. expense for the three months ended in Mar. 2026 was $9,962 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $38,214 Mil.


Wells Fargo  (NYSE:WFC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Wells Fargo Selling, General, & Admin. Expense Related Terms


Wells Fargo Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Wells Fargo's Selling, General, & Admin. Expense 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.

Wells Fargo Selling, General, & Admin. Expense Chart

Wells Fargo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,141.00 35,595.00 37,338.00 37,231.00 37,981.00

Wells Fargo Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial 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 9,129.00 9,460.00 9,580.00 9,962.00 9,212.00

WFC vs C, BAC, BNY: Selling, General, & Admin. Expense Comparison

For the Banks - Diversified subindustry, Wells Fargo's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, Wells Fargo's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Wells Fargo's Selling, General, & Admin. Expense falls into.


WFC
73GF Score
Wells Fargo & Co WFC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Wells Fargo Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $38,214 Mil.

* 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.

What does a Selling, General, & Admin. Expense of $38,214 Mil mean?
Wells Fargo (WFC) has a Selling, General, & Admin. Expense of $38,214 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Wells Fargo and its competitors.
Is Wells Fargo's Selling, General, & Admin. Expense too high?
Wells Fargo's current Selling, General, & Admin. Expense is $38,214 Mil. Overall, Wells Fargo has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wells Fargo's Selling, General, & Admin. Expense compare to C and BAC?
Wells Fargo's Selling, General, & Admin. Expense of $38,214 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Banks company?
A good Selling, General, & Admin. Expense depends on the Banks industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Wells Fargo and its competitors. Wells Fargo's current Selling, General, & Admin. Expense is $38,214 Mil. 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?
Based on GuruFocus' analysis, Wells Fargo (WFC) is currently considered Modestly Overvalued. The stock's GF Value™ is $76.17, compared to a current price of $88.26 — trading 15.9% above its estimated fair value. The current Selling, General, & Admin. Expense is $38,214 Mil. Wells Fargo's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Wells Fargo (WFC), the current Selling, General, & Admin. Expense is $38,214 Mil 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 (WFC) Overvalued in 2026?

Based on GuruFocus' analysis, Wells Fargo stock appears to be overvalued. The current stock price of $88.26 is trading 15.9% above its estimated GF Value™ of $76.17. GuruFocus considers Wells Fargo to be Modestly Overvalued.

Key valuation signals for WFC:

  • Selling, General, & Admin. Expense: $38,214 Mil
  • GF Value™: $76.17 vs. price of $88.26 (15.9% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the WFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wells Fargo Business Description

Address 333 Market Street, San Francisco, CA, USA, 94105
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.
73GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$88.26
Price
$76.17
GF Value