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Did Wells Fargo Beat Earnings?
Wells Fargo (WFC) reported Q2 '26 revenue of $33.6B, up 11.3% year-over-year, with reported EPS of $1.96. That topped the $1.73 analyst estimate by 13.3% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Wells Fargo’s job postings, web traffic, and employee business outlook. See the full WFC stock analysis or the earnings calendar for upcoming reports.
WFC Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $1.73 | $1.96 | Beat +13.3% |
| Q1 '26 | $1.60 | $1.56 | Missed -2.5% |
| Q4 '25 | $1.67 | $1.62 | Missed -3.0% |
| Q3 '25 | $1.54 | $1.73 | Beat +12.3% |
| Q2 '25 | $1.40 | $1.54 | Beat +10.0% |
| Q1 '25 | $1.22 | $1.28 | Beat +4.9% |
Wells Fargo Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.7B | 30.6B | 29.6B | 30.2B | 31.9B | 31.8B | 31.8B | 33.6B |
| Gross margin | 60.9% | 63.0% | 64.9% | 64.8% | 65.1% | 64.4% | 63.9% | 64.6% |
| Operating margin | 19.7% | 17.6% | 18.0% | 21.3% | 21.7% | 20.5% | 18.4% | 24.0% |
| Net income | 5.11B | 5.08B | 4.89B | 5.49B | 5.59B | 5.36B | 5.29B | 6.41B |
| Net margin | 16.1% | 16.6% | 16.5% | 18.2% | 17.5% | 16.9% | 16.6% | 19.1% |
| EPS | $1.51 | $1.43 | $1.28 | $1.54 | $1.73 | $1.62 | $1.56 | $1.96 |
Wells Fargo Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Wells Fargo’s quarterly revenue moved from $31.7B to $33.6B. Net margin expanded from 16.1% to 19.1%, against a 64.6% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Wells Fargo has beaten Wall Street EPS estimates in 6 of its last 8 reported quarters.
When Is Wells Fargo’s Next Earnings Date?
Wells Fargo reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the WFC earnings calendar.
Frequently Asked Questions: Wells Fargo Earnings
Wells Fargo's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Wells Fargo reported Q2 '26 EPS of $1.96 on revenue of $33.6B (+11.3% YoY). Wells Fargo beat estimates, reporting $1.96 vs. the $1.73 estimate.
Wells Fargo reported Q2 '26 revenue of $33.6B, up 11.3% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the WFC AI Score.




