U.S. Bancorp vs Wells Fargo

U.S. Bancorp USB · Wells Fargo WFC · Diversified Banks

Wells Fargo reported revenue of $83.7 billion in fiscal 2025, 2.9 times U.S. Bancorp's $28.7 billion in fiscal 2025. U.S. Bancorp's revenue grew 4.4% in its latest year, and Wells Fargo's grew 1.7%. U.S. Bancorp had a return on equity of 12.2%, against 11.8% at Wells Fargo.

Side by side

	U.S. Bancorp	Wells Fargo
Latest fiscal year	FY2025, Dec 31, 2025	FY2025, Dec 31, 2025
Revenue	$28.7B	$83.7B
Revenue growth	4.4%	1.7%
Revenue growth a year, last 5 years	4.3%	2.4%
Net income	$7.6B	$21.3B
Return on equity	12.2%	11.8%
Return on tangible common equity	16.3%	14.8%
Efficiency ratio	58.8%	65.5%
Dividends and buybacks	$3.7B	$22.9B
Change in diluted share count	−0.2%	−6.5%
Last close	$59.70	$82.65
P/E at the last close	11.9×	12.0×
Insider trades, last 12 months	sold $12.6 million	sold $10.1 million

Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue

US$ billions, fiscal years

U.S. BancorpWells Fargo

Return on equity

Percent. Net income over average equity.

U.S. BancorpWells Fargo

Net income

US$ billions

U.S. BancorpWells Fargo

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the U.S. Bancorp and Wells Fargo pages.