WFC Debt / Equity | WELLS FARGO & COMPANY/MN

WELLS FARGO & COMPANY/MN Debt/Equity Ratio

The debt/equity ratio shows how much a company has borrowed for every dollar its shareholders have put in. It is long-term debt, both the part due within a year and the rest, divided by shareholder equity, shown as a multiple with both amounts in the table. A higher ratio means the company relies more on borrowed money than on shareholder capital. Because equity shrinks through buybacks or losses, the ratio can rise even when debt is unchanged, and it has no meaning when equity is negative. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

WELLS FARGO & COMPANY/MN debt/equity ratio for the quarter ending 2026-06-30 was 1.14, a 42.89% decline year-over-year.
WELLS FARGO & COMPANY/MN debt/equity ratio for the quarter ending 2026-03-31 was 1.2, a 30.02% decline year-over-year.
WELLS FARGO & COMPANY/MN debt/equity ratio for the quarter ending 2025-12-31 was 1.05, a 8.63% increase year-over-year.
WELLS FARGO & COMPANY/MN debt/equity ratio for the quarter ending 2025-09-30 was 2.23, a 40.48% increase year-over-year.
WELLS FARGO & COMPANY/MN debt/equity ratio for fiscal 2025 was 1.05, a 8.63% increase from fiscal 2024.
WELLS FARGO & COMPANY/MN debt/equity ratio for fiscal 2024 was 0.97, a 38.76% decline from fiscal 2023.
WELLS FARGO & COMPANY/MN debt/equity ratio for fiscal 2023 was 1.59, a 27.80% increase from fiscal 2022.
WELLS FARGO & COMPANY/MN debt/equity ratio for fiscal 2022 was 1.24, a 20.73% increase from fiscal 2021.

Available history: 2008-12-31 to 2026-06-30
Data captured: 2026-06-30

Historical Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2026-06-30	1.14	$207.31B	$182.32B
2026-03-31	1.2	$216.22B	$180.31B
2025-12-31	1.05	$193.04B	$183.04B
2025-09-30	2.23	$408.42B	$183.01B
2025-06-30	1.99	$364.23B	$182.95B
2025-03-31	1.71	$313.44B	$182.91B
2024-12-31	0.97	$175.78B	$181.07B
2024-09-30	1.59	$293.91B	$185.01B
2024-06-30	1.67	$297.97B	$178.15B
2024-03-31	1.62	$296.78B	$182.67B
2023-12-31	1.59	$297.15B	$187.44B
2023-09-30	1.55	$283.37B	$182.37B
2023-06-30	1.4	$254.89B	$181.95B
2023-03-31	1.39	$254.47B	$183.22B
2022-12-31	1.24	$226.02B	$182.21B
2022-09-30	1.15	$204.79B	$178.48B
2022-06-30	1.04	$187.37B	$179.8B
2022-03-31	1.03	$186.94B	$181.6B
2021-12-31	1.03	$195.1B	$189.89B
2021-09-30	1.07	$204.96B	$191.07B
2021-06-30	1.17	$225.29B	$193.13B
2021-03-31	1.29	$242.23B	$188.03B
2020-12-31	1.47	$271.95B	$184.99B
2020-09-30	1.49	$270.94B	$181.73B
2020-06-30	1.63	$291.41B	$178.64B
2020-03-31	1.8	$329.63B	$183.31B
2019-12-31	1.77	$332.7B	$187.7B
2019-09-30	1.82	$354.56B	$194.42B
2019-06-30	1.78	$356.82B	$200.04B
2019-03-31	1.73	$342.94B	$198.73B
2018-12-31	1.7	$334.83B	$197.07B
2018-09-30	1.64	$326.77B	$199.68B
2018-06-30	1.57	$323.78B	$206.07B
2018-03-31	1.58	$324.51B	$205.91B
2017-12-31	1.58	$328.28B	$208.08B
2017-09-30	1.61	$332.7B	$206.62B
2017-06-30	1.62	$334.23B	$205.95B
2017-03-31	1.74	$351.34B	$202.31B
2016-12-31	1.75	$351.86B	$200.5B
2016-09-30	1.86	$379.5B	$203.96B
2016-06-30	1.8	$364.19B	$202.66B
2016-03-31	1.69	$335.59B	$198.5B
2015-12-31	1.53	$297.06B	$193.89B
2015-09-30	1.41	$273.34B	$194.04B
2015-06-30	1.38	$262.71B	$190.68B
2015-03-31	1.37	$260.99B	$189.96B
2014-12-31	1.34	$247.46B	$185.26B
2014-09-30	1.35	$247.51B	$182.99B
2014-06-30	1.27	$229.73B	$181.55B
2014-03-31	1.19	$210.48B	$176.47B
2013-12-31	1.21	$206.88B	$171.01B
2013-09-30	1.21	$205.06B	$168.81B
2013-06-30	1.1	$180.36B	$163.78B
2013-03-31	1.14	$186.88B	$163.4B
2012-12-31	1.16	$184.55B	$158.91B
2012-09-30	1.17	$182.76B	$156.06B
2012-06-30	1.21	$181.01B	$149.44B
2012-03-31	1.23	$180.72B	$146.85B
2011-12-31	1.23	$174.45B	$141.69B
2011-09-30	1.32	$183.99B	$139.24B
2011-06-30	1.43	$196.75B	$137.92B
2011-03-31	1.51	$203.34B	$134.94B
2010-12-31	1.66	$212.38B	$127.89B
2010-09-30	1.71	$213.86B	$125.17B
2010-06-30	1.9	$230.26B	$121.4B
2010-03-31	2.08	$246.21B	$118.15B
2009-12-31	2.12	$242.83B	$114.36B
2009-09-30	1.9	$245.09B	$128.92B
2009-06-30	2.35	$284.9B	$121.38B
2008-12-31	3.67	$375.23B	$102.32B

Annual Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2025-12-31	1.05	$193.04B	$183.04B
2024-12-31	0.97	$175.78B	$181.07B
2023-12-31	1.59	$297.15B	$187.44B
2022-12-31	1.24	$226.02B	$182.21B
2021-12-31	1.03	$195.1B	$189.89B
2020-12-31	1.47	$271.95B	$184.99B
2019-12-31	1.77	$332.7B	$187.7B
2018-12-31	1.7	$334.83B	$197.07B
2017-12-31	1.58	$328.28B	$208.08B
2016-12-31	1.75	$351.86B	$200.5B
2015-12-31	1.53	$297.06B	$193.89B
2014-12-31	1.34	$247.46B	$185.26B
2013-12-31	1.21	$206.88B	$171.01B
2012-12-31	1.16	$184.55B	$158.91B
2011-12-31	1.23	$174.45B	$141.69B
2010-12-31	1.66	$212.38B	$127.89B
2009-12-31	2.12	$242.83B	$114.36B
2008-12-31	3.67	$375.23B	$102.32B

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