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Bank of America vs Wells Fargo &: revenue, profit, margins and growth compared

Bank of America brought in $113.1B of revenue in fiscal 2025, Wells Fargo & $83.7B in fiscal 2025. Revenue changed by +6.8% at Bank of America and +1.7% at Wells Fargo & on the year before, so Bank of America grew faster. Bank of America kept 27.0% of its revenue as net profit, Wells Fargo & 25.5%.

Side by side, latest fiscal year

BACWFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$113.1B$83.7B
Revenue growth+6.8%+1.7%
Net income$30.5B$21.3B
Net margin27.0%25.5%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$3.81$6.26
Cash$231.8B$172.6B
Debt$317.8B$174.7B
Price to earnings14.913.3
Market value$396.5B$250.9B
Dividend yield1.90%2.05%
Rank by revenue in sector#5 of 495 · Finance#8 of 495 · Finance

Over the years

Revenue
BAC FY2018: $91BBAC FY2019: $91.2BBAC FY2020: $85.5BBAC FY2021: $89.1BBAC FY2022: $95BBAC FY2023: $102.8BBAC FY2024: $105.9BBAC FY2025: $113.1BWFC FY2018: $86.4BWFC FY2019: $86.8BWFC FY2020: $74.3BWFC FY2021: $79.2BWFC FY2022: $74.4BWFC FY2023: $82.6BWFC FY2024: $82.3BWFC FY2025: $83.7BFY18FY19FY20FY21FY22FY23FY24FY25
BAC $113.1BWFC $83.7B
Net income
BAC FY2018: $28.1BBAC FY2019: $27.4BBAC FY2020: $17.9BBAC FY2021: $32BBAC FY2022: $27.5BBAC FY2023: $26.3BBAC FY2024: $27BBAC FY2025: $30.5BWFC FY2018: $22.4BWFC FY2019: $19.7BWFC FY2020: $3.4BWFC FY2021: $22.1BWFC FY2022: $13.7BWFC FY2023: $19.1BWFC FY2024: $19.7BWFC FY2025: $21.3BFY18FY19FY20FY21FY22FY23FY24FY25
BAC $30.5BWFC $21.3B
Net margin
BAC FY2018: 30.9%BAC FY2019: 30.1%BAC FY2020: 20.9%BAC FY2021: 35.9%BAC FY2022: 29.0%BAC FY2023: 25.6%BAC FY2024: 25.5%BAC FY2025: 27.0%WFC FY2018: 25.9%WFC FY2019: 22.7%WFC FY2020: 4.5%WFC FY2021: 27.9%WFC FY2022: 18.4%WFC FY2023: 23.2%WFC FY2024: 24.0%WFC FY2025: 25.5%FY18FY19FY20FY21FY22FY23FY24FY25
BAC 27.0%WFC 25.5%
Revenue growth
BAC FY2019: +0.2%BAC FY2020: -6.3%BAC FY2021: +4.2%BAC FY2022: +6.6%BAC FY2023: +8.2%BAC FY2024: +3.0%BAC FY2025: +6.8%WFC FY2019: +0.5%WFC FY2020: -14.5%WFC FY2021: +6.6%WFC FY2022: -6.1%WFC FY2023: +11.1%WFC FY2024: -0.4%WFC FY2025: +1.7%FY19FY20FY21FY22FY23FY24FY25
BAC +6.8%WFC +1.7%

Fiscal years as each company reports them; the two may end in different months.

Questions about Bank of America and Wells Fargo &

Which is bigger by revenue, Bank of America or Wells Fargo &?

Bank of America is bigger by revenue: $113.1B in fiscal 2025, against $83.7B for Wells Fargo & in fiscal 2025.

Which keeps more of its revenue as profit, Bank of America or Wells Fargo &?

Bank of America had a net margin of 27.0% in fiscal 2025; Wells Fargo & had 25.5% in fiscal 2025.

Which grew revenue faster, Bank of America or Wells Fargo &?

In their latest fiscal years revenue changed by +6.8% at Bank of America and +1.7% at Wells Fargo &.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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