WELLS FARGO & COMPANY/MN (WFC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 23.55% of current shares
Recent Dilution: 1.22% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
3.1B
Potential Supply
730M
Additional shares possible
Splits
None
Past 2 years

Summary

WFC currently has 3.08B outstanding shares. with moderate dilution risk from 725M authorized shares representing 23.5% potential dilution. The company has minimally diluted shareholders by 1.22% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

10-Q filing | 3080.0M shares outstanding

3.1B 730M
Jan 22, 2026

S-3 filing: This is an S-3 filing by Wells Fargo & Company and Wells Fargo Finance LLC for a shelf offering of securities, with legal opinions provided by Faegre Drinker Biddle & Reath LLP, Davis Polk & Wardwell LLP, and Sandra J. Galvis.

3.2B 620M
Oct 31, 2025

10-Q filing | 3182.2M shares outstanding

3.2B 620M
Aug 26, 2025

S-3/A filing: Wells Fargo is offering debt securities, preferred stock, depositary shares, common stock, purchase contracts, and securities warrants under a shelf registration.

3.2B 570M
Aug 05, 2025

10-Q filing | 3232.7M shares outstanding

3.2B 570M
Jun 06, 2025

S-3 filing: The filing is an S-3 form by Wells Fargo & Company for the registration of debt securities, preferred stock, depositary shares, common stock, purchase contracts, and securities warrants.

3.3B 520M
Apr 29, 2025

10-Q filing | 3280.4M shares outstanding

3.3B 520M
Feb 25, 2025

10-K filing | 3426.1M shares outstanding

3.4B 380M
Oct 31, 2024

10-Q filing | 3384.8M shares outstanding

3.4B 420M
Aug 01, 2024

10-Q filing | 3448.3M shares outstanding

3.4B 360M
May 02, 2024

10-Q filing | 3560.1M shares outstanding

3.6B 250M
Mar 20, 2024

S-3/A filing: This S-3/A filing discusses the Wells Fargo common stock dividend and voting rights within the context of a plan, including stock dividends, stock splits, distribution of rights, and the handling of voting materials.

3.7B 120M
Feb 28, 2024

S-3 filing: This is an S-3 filing regarding Wells Fargo's dividend and voting rights for shares purchased under the Plan, including stock dividends, stock splits, and distribution of rights. It also includes the company's limitation of liability.

3.7B 120M
Feb 20, 2024

10-K filing | 3688.3M shares outstanding

3.7B 120M
Oct 31, 2023

10-Q filing | 3648.8M shares outstanding

3.6B 160M
Aug 01, 2023

10-Q filing | 1823.0M shares outstanding

1.8B 2B
May 02, 2023

10-Q filing | 3785.6M shares outstanding

3.8B 20M
Apr 25, 2023

S-3/A filing: Wells Fargo & Company and its wholly-owned finance subsidiary, Wells Fargo Finance LLC, may from time to time offer and sell debt securities, purchase contracts, warrants, and units.

3.8B 0
Mar 14, 2023

S-3 filing: Wells Fargo may offer debt securities and purchase contracts. Wells Fargo Finance LLC also may offer debt securities and purchase contracts, which are fully and unconditionally guaranteed by Wells Fargo & Company. They may offer warrants and units as well.

3.8B 0
Feb 21, 2023

10-K filing | 3805.2M shares outstanding

3.8B 0
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