Company / Interest Expense
Wells Fargo Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$32.7B
FY2023
5-year range
$3.9B / $32.7B
FY2019-FY2023
Trend
+260.8%
vs FY2022
Sector context
#2 of 214
Financials
What the data says
Interest Expense changed +261% YoY in FY2023, a notable deviation from the 7-year average annual change of +61%.
Based on SEC 10-K filings.
$32.7B in FY2023 with a 5-year CAGR of +17.4%. Ranks 2nd among 214 companies in Financials.
Increased from $3.9B to $32.7B over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +60.2%
- 5-Year CAGR
- +17.4%
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in FinancialsTop 99% of 214This company $32.7B Sector average $939.3M
▼
+3386.0% above sector average
Key checks
Key Insights
- 5-year CAGR of +17.4%, indicating consistent growth.
- In FY2023, interest expense increased 260.8% year-over-year.
- Ranks #2 out of 214 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.17 (distress zone, below 1.8 threshold)
- Strong profit margin: 25.4%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $32.7B | +260.8% |
| FY2022 | $9.1B | +131.8% |
| FY2021 | $3.9B | -50.8% |
| FY2020 | $8.0B | -57.8% |
| FY2019 | $18.9B | +28.7% |
| FY2018 | $14.7B | +56.7% |
| FY2017 | $9.4B | +58.3% |
| FY2016 | $5.9B | +48.6% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026