Earnings and Dividends Per Common Share (Tables)

3 Months Ended

Mar. 31, 2026

Table 19.1 shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.

Table 19.1: Earnings Per Common Share Calculations


	Quarter ended March 31,
(in millions, except per share amounts)		2026		2025
Wells Fargo net income		$	5,253	4,894
Less: Preferred stock dividends and other (1)		253		278
Wells Fargo net income applicable to common stock (numerator)		$	5,000	4,616
Earnings per common share
Average common shares outstanding (denominator)		3,080.0		3,280.4
Per share		$	1.62	1.41
Diluted earnings per common share
Average common shares outstanding		3,080.0		3,280.4

Add: Stock-based compensation awards (2)		37.7		41.2
Diluted average common shares outstanding (denominator)		3,117.7		3,321.6
Per share		$	1.60	1.39

(1)Includes costs associated with any preferred stock redemption.

(2)Stock-based compensation may include restricted share rights, performance share awards, and stock options. Dilution effect calculated using the treasury stock method.

Outstanding Anti-Dilutive Securities

Table 19.2 presents the outstanding securities that were anti-dilutive and therefore not included in the calculation of diluted earnings per common share.

Table 19.2: Outstanding Anti-Dilutive Securities


	Weighted-average shares
	Quarter ended March 31,
(in millions)		2026	2025
Convertible Preferred Stock, Series L (1)		25.3	25.3
Stock-based compensation awards (2)		1.2	0.2

(1) Calculated using the if-converted method.

(2) Calculated using the treasury stock method.

Dividends Declared Per Common Share

Table 19.3 presents dividends declared per common share.

Table 19.3: Dividends Declared Per Common Share


	Quarter ended March 31,
		2026		2025
Per common share		$	0.45	0.40