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Charles Schwab (SCHW) Financials

Charles Schwab logo
$95.65 -0.17 (-0.18%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$95.84 +0.19 (+0.20%)
As of 08/22/2025 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Charles Schwab

Annual Income Statements for Charles Schwab

This table shows Charles Schwab's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 1,261 1,364 1,746 2,180 3,329 3,526 3,043 5,360 6,635 4,649 5,478
Consolidated Net Income / (Loss)		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Net Income / (Loss) Continuing Operations		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Total Pre-Tax Income 		2,115 2,279 2,993 3,650 4,562 4,848 4,300 7,713 9,388 6,378 7,692
Total Revenue		 6,058 6,380 7,478 8,618 10,132 10,721 11,691 18,520 20,762 18,837 19,606
Net Interest Income / (Expense)		 2,272 2,525 3,322 4,282 5,823 6,516 6,113 8,030 10,682 9,427 9,144
Total Interest Income		 2,374 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 9,427 15,537
Investment Securities Interest Income		 2,374 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 16,111 15,537
Total Interest Expense		 102 132 171 342 857 1,064 418 476 1,545 0.00 6,393
Long-Term Debt Interest Expense		 102 132 171 342 857 1,064 418 476 1,545 - 6,393
Total Non-Interest Income		 3,786 3,855 4,156 4,336 4,309 4,205 5,578 10,490 10,080 9,410 10,462
Other Non-Interest Income		 907 866 3,880 4,046 4,131 3,963 5,246 10,490 10,080 9,410 10,462
Total Non-Interest Expense		 3,943 4,101 4,485 4,968 5,570 5,873 7,391 10,807 11,374 12,459 11,914
Salaries and Employee Benefits		 2,184 2,241 2,466 2,737 3,057 3,320 3,954 5,450 5,936 6,315 6,043
Net Occupancy & Equipment Expense		 324 353 398 436 496 559 703 976 1,175 1,254 1,060
Marketing Expense		 245 249 265 268 313 307 326 485 419 397 397
Other Operating Expenses		 991 1,034 1,122 1,258 1,398 1,338 1,804 2,732 2,596 3,155 2,979
Depreciation Expense		 199 224 234 269 277 322 414 549 652 804 916
Amortization Expense		 - - - - 29 27 190 615 596 534 519
Income Tax Expense		 794 832 1,104 1,296 1,055 1,144 1,001 1,858 2,205 1,311 1,750
Preferred Stock Dividends Declared		 60 83 143 174 178 178 256 495 548 418 464
Basic Earnings per Share		 $0.96 $1.04 $1.32 $1.63 $2.47 $2.69 $2.13 $2.84 $3.52 $2.55 $3.00
Weighted Average Basic Shares Outstanding		 1.30B 1.32B 1.32B 1.34B 1.35B 1.31B 1.43B 1.89B 1.89B 1.82B 1.83B
Diluted Earnings per Share		 $0.95 $1.03 $1.31 $1.61 $2.45 $2.67 $2.12 $2.83 $3.50 $2.54 $2.99
Weighted Average Diluted Shares Outstanding		 1.32B 1.33B 1.33B 1.35B 1.36B 1.32B 1.44B 1.90B 1.89B 1.83B 1.83B
Weighted Average Basic & Diluted Shares Outstanding		 1.31B 1.31B 1.32B 1.35B 1.33B 1.29B 1.88B 1.89B 1.84B 1.82B 1.81B
Cash Dividends to Common per Share		 $0.24 $0.24 $0.27 $0.32 $0.46 $0.68 $0.72 $0.72 $0.84 $1.00 $1.00

Quarterly Income Statements for Charles Schwab

This table shows Charles Schwab's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,821 1,533 1,173 1,017 926 1,251 1,211 1,299 1,717 1,796 1,977
Consolidated Net Income / (Loss)		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
Net Income / (Loss) Continuing Operations		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
Total Pre-Tax Income 		2,598 2,110 1,691 1,383 1,194 1,798 1,747 1,842 2,305 2,455 2,803
Total Revenue		 5,497 5,116 4,656 4,606 4,459 4,740 4,690 4,847 5,329 5,599 5,851
Net Interest Income / (Expense)		 3,029 2,770 2,290 2,237 2,130 2,233 2,158 2,222 2,531 2,706 2,822
Total Interest Income		 3,841 4,016 4,104 4,028 -2,721 2,233 2,158 3,928 3,851 3,757 3,787
Investment Securities Interest Income		 3,841 4,016 4,104 4,028 3,963 3,941 3,817 3,928 3,851 3,757 3,787
Total Interest Expense		 812 1,246 1,814 1,791 -4,851 0.00 0.00 1,706 1,320 1,051 965
Long-Term Debt Interest Expense		 812 1,246 1,814 1,791 - - - 1,706 1,320 1,051 965
Total Non-Interest Income		 2,468 2,346 2,366 2,369 2,329 2,507 2,532 2,625 2,798 2,893 3,029
Other Non-Interest Income		 2,468 2,346 2,366 2,369 2,329 2,507 2,532 2,625 2,798 2,893 3,029
Total Non-Interest Expense		 2,899 3,006 2,965 3,223 3,265 2,942 2,943 3,005 3,024 3,144 3,048
Salaries and Employee Benefits		 1,488 1,638 1,498 1,770 1,409 1,538 1,450 1,522 1,533 1,672 1,536
Net Occupancy & Equipment Expense		 320 299 319 305 331 265 248 271 276 274 270
Marketing Expense		 123 88 103 102 104 88 107 101 101 96 108
Other Operating Expenses		 656 669 720 713 1,053 693 776 750 760 755 791
Depreciation Expense		 176 177 191 198 238 228 233 231 224 217 215
Amortization Expense		 136 135 134 135 130 130 129 130 130 130 128
Income Tax Expense		 630 507 397 258 149 436 415 434 465 546 677
Preferred Stock Dividends Declared		 147 70 121 108 119 111 121 109 123 113 149
Basic Earnings per Share		 $0.98 $0.84 $0.64 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94 $0.99 $1.09
Weighted Average Basic Shares Outstanding		 1.89B 1.83B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B
Diluted Earnings per Share		 $0.97 $0.83 $0.64 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94 $0.99 $1.08
Weighted Average Diluted Shares Outstanding		 1.89B 1.84B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B
Weighted Average Basic & Diluted Shares Outstanding		 1.84B 1.82B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B 1.82B 1.82B

Annual Cash Flow Statements for Charles Schwab

This table details how cash moves in and out of Charles Schwab's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 3,635 615 -209 1,287 19,067 7,350 24,983 22,778 -34,618 15,753 -8,959
Net Cash From Operating Activities		 2,348 1,246 3,603 -839 12,456 9,325 6,852 2,118 2,057 19,587 2,670
Net Cash From Continuing Operating Activities		 2,348 1,246 3,603 -839 12,456 9,325 6,852 2,118 2,057 19,587 2,670
Net Income / (Loss) Continuing Operations		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Consolidated Net Income / (Loss)		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Depreciation Expense		 199 224 234 269 277 322 414 549 652 804 916
Amortization Expense		 125 162 266 342 379 473 1,776 2,961 1,971 1,364 1,325
Non-Cash Adjustments to Reconcile Net Income		 84 124 160 262 334 384 415 679 838 544 698
Changes in Operating Assets and Liabilities, net		 623 -700 1,054 -4,066 7,959 4,442 948 -7,926 -8,587 11,808 -6,211
Net Cash From Investing Activities		 -8,395 -28,623 -38,775 -20,473 -40,555 11,964 -125,851 -75,663 32,048 57,411 35,431
Net Cash From Continuing Investing Activities		 -8,395 -28,623 -38,775 -20,473 -40,555 11,964 -125,851 -75,663 32,048 57,307 35,431
Purchase of Property, Leasehold Improvements and Equipment		 -400 -266 -346 -400 -570 -708 -631 -916 -971 -804 -620
Purchase of Investment Securities		 -23,081 -41,669 -61,704 -49,518 -73,959 -53,069 -208,048 -182,965 -57,557 -3,765 -9,179
Sale and/or Maturity of Investments		 15,086 13,312 23,275 29,445 34,070 65,741 68,080 108,218 90,576 61,876 45,230
Net Cash From Financing Activities		 9,682 27,992 34,963 22,599 47,166 -13,939 143,982 96,323 -68,723 -61,245 -47,060
Net Cash From Continuing Financing Activities		 9,682 27,992 34,963 22,599 47,166 -13,939 143,982 96,323 -68,723 -61,245 -47,060
Net Change in Deposits		 9,843 26,687 33,952 6,186 61,767 -11,329 137,928 85,756 -77,054 -76,771 -30,832
Issuance of Debt		 0.00 1,346 0.00 17,129 3,024 1,993 4,304 18,143 36,366 72,297 50,018
Issuance of Preferred Equity		 0.00 581 1,316 492 0.00 0.00 4,940 2,806 740 0.00 0.00
Repayment of Debt		 -6.00 -357 -7.00 -257 -15,963 -1,400 -1,934 -8,077 -22,240 -51,135 -63,954
Repurchase of Preferred Equity		 - 0.00 0.00 -485 - 0.00 0.00 -600 -1,000 -467 0.00
Repurchase of Common Equity		 - - 0.00 0.00 -1,000 -2,220 0.00 0.00 -3,395 -2,842 0.00
Payment of Dividends		 -373 -387 -486 -592 -787 -1,060 -1,280 -1,822 -2,110 -2,276 -2,275
Other Financing Activities, Net		 218 122 188 126 125 77 24 117 -30 -51 -17
Cash Interest Paid		 103 121 160 327 798 1,075 434 501 1,355 5,623 6,655
Cash Income Taxes Paid		 778 810 991 1,212 927 1,199 803 2,053 2,130 1,620 1,491

Quarterly Cash Flow Statements for Charles Schwab

This table details how cash moves in and out of Charles Schwab's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -6,526 10,710 -10,323 -14,200 29,566 -16,800 -10,558 19,888 -1,489 -3,533 -6,412
Net Cash From Operating Activities		 -2,107 9,777 -5,216 -5,011 20,037 -1,349 -4,252 19,098 -10,827 6,359 3,177
Net Cash From Continuing Operating Activities		 -2,107 9,777 -5,216 -5,011 20,037 -1,349 -4,252 19,098 -10,827 6,359 3,177
Net Income / (Loss) Continuing Operations		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
Consolidated Net Income / (Loss)		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
Depreciation Expense		 176 177 191 198 238 228 233 231 224 217 215
Amortization Expense		 348 320 341 357 346 335 340 332 318 308 301
Non-Cash Adjustments to Reconcile Net Income		 275 269 207 180 -112 198 133 143 224 235 242
Changes in Operating Assets and Liabilities, net		 -4,874 7,408 -7,249 -6,871 18,520 -3,472 -6,290 16,984 -13,433 3,690 293
Net Cash From Investing Activities		 11,540 11,029 18,167 18,533 9,682 9,475 9,706 8,516 7,734 10,470 9,076
Net Cash From Continuing Investing Activities		 11,540 11,001 18,195 18,533 9,578 9,502 9,730 8,492 7,734 10,470 9,076
Purchase of Property, Leasehold Improvements and Equipment		 -202 -187 -211 -239 -167 -122 -65 -152 -254 -117 -128
Purchase of Investment Securities		 -1,863 -968 -371 -1,277 -1,149 -1,207 -2,516 -2,618 -2,838 -3,661 -4,341
Sale and/or Maturity of Investments		 13,605 12,156 18,777 20,049 10,894 10,831 12,311 11,262 10,826 14,248 13,545
Net Cash From Financing Activities		 -15,959 -10,096 -23,274 -27,722 -153 -24,926 -16,012 -7,726 1,604 -20,362 -18,665
Net Cash From Continuing Financing Activities		 -15,959 -10,096 -23,274 -27,722 -153 -24,926 -16,012 -7,726 1,604 -20,362 -18,665
Net Change in Deposits		 -28,991 -40,979 -21,331 -20,006 5,545 -20,493 -17,040 -5,958 12,659 -12,961 -13,102
Issuance of Debt		 18,392 39,857 9,935 11,007 11,498 9,050 14,017 15,159 11,792 13,498 14,861
Repayment of Debt		 -1,850 -5,049 -11,305 -18,165 -16,616 -12,858 -12,436 -16,368 -22,292 -18,755 -17,088
Repurchase of Common Equity		 -1,940 -2,842 - - - 0.00 - - - -1,500 -333
Payment of Dividends		 -551 -568 -574 -561 -573 -562 -575 -563 -575 -595 -608
Other Financing Activities, Net		 -19 -48 1.00 3.00 -7.00 -63 22 4.00 20 -49 63
Cash Interest Paid		 633 923 1,212 1,716 1,772 1,957 1,611 1,645 1,442 1,193 1,304
Cash Income Taxes Paid		 694 40 836 367 377 41 1,026 246 178 41 777

Annual Balance Sheets for Charles Schwab

This table presents Charles Schwab's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 154,642 183,705 223,383 243,274 296,482 294,005 549,009 667,270 551,772 493,178 479,843
Cash and Due from Banks		 11,363 11,978 10,828 14,217 27,938 29,345 40,348 62,975 40,195 43,337 42,083
Restricted Cash		 20,781 19,598 22,174 15,139 13,563 20,483 50,399 53,949 42,983 31,836 38,221
Trading Account Securities		 89,688 116,186 153,017 171,460 210,587 196,128 337,400 390,054 320,945 267,098 229,447
Loans and Leases, Net of Allowance		 0.00 14,334 0.00 0.00 16,609 0.00 23,813 34,636 40,505 40,439 45,215
Loans and Leases		 - 14,334 - - 16,609 - 23,813 34,636 40,505 40,439 45,215
Customer and Other Receivables		 15,669 17,895 17,155 20,576 21,651 21,767 64,440 90,565 66,591 68,667 85,374
Premises and Equipment, Net		 1,039 1,145 1,299 1,471 1,769 2,128 2,883 3,442 3,714 3,690 3,338
Goodwill		 1,227 1,227 1,227 1,227 1,227 1,227 11,952 11,952 11,951 11,951 11,951
Intangible Assets		 227 181 144 - - 128 9,991 9,379 8,789 8,260 7,743
Other Assets		 1,249 1,161 2,136 2,706 3,138 22,799 7,783 10,318 16,099 17,900 16,471
Total Liabilities & Shareholders' Equity		 154,642 183,705 223,383 243,274 296,482 294,005 549,009 667,270 551,772 493,178 479,843
Total Liabilities		 142,839 170,303 206,962 224,749 275,812 272,260 492,949 611,009 515,164 452,220 431,468
Non-Interest Bearing Deposits		 102,815 129,502 163,454 169,656 231,423 220,094 358,022 443,778 366,724 289,953 259,121
Short-Term Debt		 36,309 35,773 38,301 47,530 32,726 39,220 104,201 130,526 97,438 97,987 120,894
Accrued Interest Payable		 - 2,151 - - - 5,516 17,094 - - 11,752 12,325
Long-Term Debt		 1,899 2,877 2,876 4,753 6,878 7,430 13,632 18,914 33,228 52,528 39,128
Total Equity & Noncontrolling Interests		 11,803 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375
Total Preferred & Common Equity		 11,803 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375
Preferred Stock		 872 1,459 2,783 2,793 2,793 2,793 7,733 9,954 9,706 9,191 9,191
Total Common Equity		 10,931 11,943 13,638 15,732 17,877 18,952 48,327 46,307 26,881 31,767 39,184
Common Stock		 4,065 4,167 4,282 4,368 4,514 4,671 26,536 26,762 27,075 27,351 27,660
Retained Earnings		 10,198 11,253 12,649 14,408 17,329 19,960 21,975 25,992 31,066 33,901 37,568
Treasury Stock		 -3,497 -3,343 -3,130 -2,892 -3,714 -5,767 -5,578 -5,338 -8,639 -11,354 -11,196
Accumulated Other Comprehensive Income / (Loss)		 165 -134 -163 -152 -252 88 5,394 -1,109 -22,621 -18,131 -14,848

Quarterly Balance Sheets for Charles Schwab

This table presents Charles Schwab's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets		 551,772 535,552 511,505 475,204 493,178 468,784 449,675 466,055 479,843 462,903 458,936
Cash and Due from Banks		 40,195 49,162 47,651 33,251 43,337 31,752 25,350 34,850 42,083 35,009 32,195
Restricted Cash		 42,983 31,037 25,083 18,576 31,836 25,905 21,737 33,671 38,221 38,408 45,568
Trading Account Securities		 320,945 311,245 292,097 272,724 267,098 257,457 246,741 239,880 229,447 218,643 207,296
Loans and Leases, Net of Allowance		 40,505 0.00 40,061 40,327 40,439 40,783 42,182 43,311 45,215 47,121 50,405
Loans and Leases		 40,505 - 40,061 40,327 40,439 40,783 42,182 43,311 45,215 47,121 50,405
Customer and Other Receivables		 66,591 63,187 65,162 69,062 68,667 71,169 72,836 74,016 85,374 87,387 87,089
Premises and Equipment, Net		 3,714 3,716 3,686 3,730 3,690 3,584 3,436 3,340 3,338 3,276 3,197
Goodwill		 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951
Intangible Assets		 8,789 8,659 8,524 8,390 8,260 8,131 8,003 7,873 7,743 7,615 7,487
Other Assets		 16,099 56,595 17,290 17,193 17,900 18,052 17,439 17,163 16,471 13,493 13,748
Total Liabilities & Shareholders' Equity		 551,772 535,552 511,505 475,204 493,178 468,784 449,675 466,055 479,843 462,903 458,936
Total Liabilities		 515,164 499,205 474,358 437,420 452,220 426,372 405,722 418,840 431,468 413,392 409,485
Non-Interest Bearing Deposits		 366,724 325,745 304,414 284,408 289,953 269,460 252,420 246,462 259,121 246,160 233,058
Short-Term Debt		 97,438 94,624 92,626 80,368 97,987 92,410 89,962 99,757 120,894 123,250 136,411
Accrued Interest Payable		 - - 13,836 16,041 11,752 17,637 16,491 27,579 12,325 11,011 10,808
Long-Term Debt		 33,228 65,616 63,482 56,603 52,528 46,865 46,849 45,042 39,128 32,971 29,208
Total Equity & Noncontrolling Interests		 36,608 36,347 37,147 37,784 40,958 42,412 43,953 47,215 48,375 49,511 49,451
Total Preferred & Common Equity		 36,608 36,347 37,147 37,784 40,958 42,412 43,953 47,215 48,375 49,511 49,451
Preferred Stock		 9,706 9,191 9,191 9,191 9,191 9,191 9,191 9,191 9,191 9,191 6,763
Total Common Equity		 26,881 27,156 27,956 28,593 31,767 33,221 34,762 38,024 39,184 40,320 42,688
Common Stock		 27,075 27,157 27,241 27,314 27,351 27,379 27,491 27,569 27,660 27,685 27,834
Retained Earnings		 31,066 32,144 32,865 33,429 33,901 34,701 35,458 36,303 37,568 38,882 40,374
Treasury Stock		 -8,639 -11,455 -11,420 -11,398 -11,354 -11,283 -11,251 -11,230 -11,196 -12,626 -12,929
Accumulated Other Comprehensive Income / (Loss)		 -22,621 -20,690 -20,730 -20,752 -18,131 -17,576 -16,936 -14,618 -14,848 -13,621 -12,591

Annual Metrics And Ratios for Charles Schwab

This table displays calculated financial ratios and metrics derived from Charles Schwab's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.48% 5.32% 17.21% 15.24% 17.57% 5.81% 9.05% 58.41% 12.11% -9.27% 4.08%
EBITDA Growth		 17.94% 9.27% 31.07% 21.99% 22.46% 8.14% 15.01% 72.93% 7.02% -28.85% 16.23%
EBIT Growth		 24.12% 7.75% 31.33% 21.95% 24.99% 6.27% -11.30% 79.37% 21.72% -32.06% 20.60%
NOPAT Growth		 23.34% 9.54% 30.55% 24.62% 48.98% 5.62% -10.93% 77.48% 22.68% -29.46% 17.27%
Net Income Growth		 23.34% 9.54% 30.55% 24.62% 48.98% 5.62% -10.93% 77.48% 22.68% -29.46% 17.27%
EPS Growth		 21.79% 8.42% 27.18% 22.90% 52.17% 8.98% -20.60% 33.49% 23.67% -27.43% 17.72%
Operating Cash Flow Growth		 41.79% -46.93% 189.17% -123.29% 1,584.62% -25.14% -26.52% -69.09% -2.88% 852.21% -86.37%
Free Cash Flow Firm Growth		 -91.45% -250.76% -515.66% -196.86% 229.34% -131.46% -2,213.77% 74.61% 275.74% -141.95% 42.60%
Invested Capital Growth		 1.89% 4.08% 10.65% 22.93% -14.88% 13.47% 154.25% 18.29% -18.68% 14.47% 8.84%
Revenue Q/Q Growth		 2.11% 2.34% 3.82% 3.23% 4.40% -0.58% 15.51% 2.96% 3.95% -5.22% 4.64%
EBITDA Q/Q Growth		 3.00% 4.31% 6.66% 3.75% 4.82% 0.11% 17.30% 5.22% 2.02% -13.59% 12.06%
EBIT Q/Q Growth		 3.17% 4.45% 6.13% 3.66% 5.97% -1.98% 9.25% 7.63% 6.52% -18.04% 16.88%
NOPAT Q/Q Growth		 2.40% 4.78% 5.95% 3.29% 10.67% -2.19% 9.38% 8.23% 5.71% -15.41% 15.45%
Net Income Q/Q Growth		 2.40% 4.78% 5.95% 3.29% 10.67% -2.19% 9.38% 8.23% 5.71% -15.41% 15.45%
EPS Q/Q Growth		 1.06% 4.04% 7.38% 2.55% 10.86% -1.11% -1.85% 7.20% 6.06% -15.33% 16.80%
Operating Cash Flow Q/Q Growth		 1.25% 2.64% 93.09% -116.52% 812.53% -27.27% 426.13% -78.25% -79.02% 866.01% -92.04%
Free Cash Flow Firm Q/Q Growth		 2.87% -501.35% 40.88% -248.17% 35.35% 30.50% -364.16% 73.09% 45.15% -5,098.91% 9.33%
Invested Capital Q/Q Growth		 2.90% 4.45% -0.36% 12.03% 7.64% 3.41% 90.73% 6.57% -0.67% 9.57% 8.53%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.26% 41.77% 46.71% 49.44% 51.50% 52.64% 55.51% 60.60% 57.85% 45.37% 50.66%
EBIT Margin		 34.91% 35.72% 40.02% 42.35% 45.03% 45.22% 36.78% 41.65% 45.22% 33.86% 39.23%
Profit (Net Income) Margin		 21.81% 22.68% 25.26% 27.31% 34.61% 34.55% 28.22% 31.61% 34.60% 26.90% 30.31%
Tax Burden Percent		 62.46% 63.49% 63.11% 64.49% 76.87% 76.40% 76.72% 75.91% 76.51% 79.45% 77.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 37.54% 36.51% 36.89% 35.51% 23.13% 23.60% 23.28% 24.09% 23.49% 20.56% 22.75%
Return on Invested Capital (ROIC)		 2.67% 2.84% 3.45% 3.67% 5.35% 5.76% 2.72% 3.08% 3.85% 2.82% 2.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.67% 2.84% 3.45% 3.67% 5.35% 5.76% 2.72% 3.08% 3.85% 2.82% 2.97%
Return on Net Nonoperating Assets (RNNOA)		 9.24% 8.65% 9.22% 9.81% 12.54% 11.71% 5.76% 7.34% 11.62% 10.24% 10.33%
Return on Equity (ROE)		 11.91% 11.48% 12.67% 13.47% 17.90% 17.47% 8.48% 10.43% 15.47% 13.07% 13.30%
Cash Return on Invested Capital (CROIC)		 0.80% -1.16% -6.67% -16.91% 21.42% -6.87% -84.36% -13.67% 24.46% -10.67% -5.49%
Operating Return on Assets (OROA)		 1.42% 1.35% 1.47% 1.56% 1.69% 1.64% 1.02% 1.27% 1.54% 1.22% 1.58%
Return on Assets (ROA)		 0.89% 0.86% 0.93% 1.01% 1.30% 1.25% 0.78% 0.96% 1.18% 0.97% 1.22%
Return on Common Equity (ROCE)		 10.97% 10.42% 10.87% 11.32% 15.34% 15.17% 7.33% 8.78% 12.19% 9.88% 10.57%
Return on Equity Simple (ROE_SIMPLE)		 11.19% 10.80% 11.50% 12.71% 16.97% 17.03% 5.88% 10.41% 19.62% 12.37% 12.28%
Net Operating Profit after Tax (NOPAT)		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
NOPAT Margin		 21.81% 22.68% 25.26% 27.31% 34.61% 34.55% 28.22% 31.61% 34.60% 26.90% 30.31%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.44% 44.56% 41.84% 39.93% 38.16% 39.04% 42.62% 37.32% 36.27% 42.29% 38.25%
Operating Expenses to Revenue		 65.09% 64.28% 59.98% 57.65% 54.97% 54.78% 63.22% 58.35% 54.78% 66.14% 60.77%
Earnings before Interest and Taxes (EBIT)		 2,115 2,279 2,993 3,650 4,562 4,848 4,300 7,713 9,388 6,378 7,692
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,439 2,665 3,493 4,261 5,218 5,643 6,490 11,223 12,011 8,546 9,933
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.20 3.24 3.46 3.98 2.88 3.00 1.95 3.29 5.58 3.88 3.45
Price to Tangible Book Value (P/TBV)		 3.69 3.68 3.85 4.31 3.09 3.23 3.58 6.10 24.44 10.66 6.93
Price to Revenue (P/Rev)		 5.77 6.07 6.31 7.26 5.08 5.30 8.08 8.23 7.23 6.54 6.89
Price to Earnings (P/E)		 27.71 28.39 27.03 28.71 15.45 16.12 31.04 28.44 22.62 26.49 24.65
Dividend Yield		 0.90% 0.82% 0.76% 0.69% 1.21% 1.53% 1.43% 0.89% 1.32% 1.48% 1.36%
Earnings Yield		 3.61% 3.52% 3.70% 3.48% 6.47% 6.20% 3.22% 3.52% 4.42% 3.77% 4.06%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.91 1.01 1.25 0.87 0.83 0.74 0.95 1.24 1.08 1.07
Enterprise Value to Revenue (EV/Rev)		 6.91 7.41 7.78 10.25 5.16 5.26 11.06 10.53 9.98 11.03 11.42
Enterprise Value to EBITDA (EV/EBITDA)		 17.17 17.73 16.65 20.72 10.03 10.00 19.92 17.37 17.26 24.30 22.55
Enterprise Value to EBIT (EV/EBIT)		 19.80 20.74 19.43 24.19 11.47 11.64 30.06 25.27 22.08 32.56 29.11
Enterprise Value to NOPAT (EV/NOPAT)		 31.70 32.66 30.78 37.51 14.92 15.24 39.18 33.29 28.86 40.99 37.69
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.84 37.93 16.14 0.00 4.20 6.05 18.86 92.04 100.78 10.60 83.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 106.29 0.00 0.00 0.00 3.73 0.00 0.00 0.00 4.55 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.24 2.88 2.51 2.82 1.92 2.15 2.10 2.66 3.57 3.67 3.31
Long-Term Debt to Equity		 0.16 0.21 0.18 0.26 0.33 0.34 0.24 0.34 0.91 1.28 0.81
Financial Leverage		 3.47 3.05 2.68 2.67 2.34 2.03 2.11 2.38 3.02 3.63 3.48
Leverage Ratio		 13.45 13.42 13.65 13.35 13.77 13.92 10.84 10.83 13.13 13.47 10.89
Compound Leverage Factor		 13.45 13.42 13.65 13.35 13.77 13.92 10.84 10.83 13.13 13.47 10.89
Debt to Total Capital		 76.40% 74.25% 71.49% 73.84% 65.71% 68.21% 67.76% 72.65% 78.11% 78.61% 76.79%
Short-Term Debt to Total Capital		 72.60% 68.73% 66.50% 67.13% 54.30% 57.34% 59.92% 63.45% 58.25% 51.18% 58.01%
Long-Term Debt to Total Capital		 3.80% 5.53% 4.99% 6.71% 11.41% 10.86% 7.84% 9.19% 19.86% 27.43% 18.78%
Preferred Equity to Total Capital		 1.74% 2.80% 4.83% 3.94% 4.63% 4.08% 4.45% 4.84% 5.80% 4.80% 4.41%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 21.86% 22.94% 23.68% 22.22% 29.66% 27.71% 27.79% 22.51% 16.07% 16.59% 18.80%
Debt to EBITDA		 15.67 14.50 11.79 12.27 7.59 8.27 18.16 13.32 10.88 17.61 16.11
Net Debt to EBITDA		 2.49 2.65 2.34 5.38 -0.36 -0.56 4.17 2.90 3.95 8.82 8.03
Long-Term Debt to EBITDA		 0.78 1.08 0.82 1.12 1.32 1.32 2.10 1.69 2.77 6.15 3.94
Debt to NOPAT		 28.92 26.71 21.80 22.21 11.29 12.59 35.72 25.52 18.19 29.71 26.93
Net Debt to NOPAT		 4.59 4.89 4.33 9.74 -0.54 -0.86 8.21 5.55 6.61 14.87 13.42
Long-Term Debt to NOPAT		 1.44 1.99 1.52 2.02 1.96 2.01 4.13 3.23 4.63 10.37 6.59
Noncontrolling Interest Sharing Ratio		 7.85% 9.25% 14.22% 15.96% 14.25% 13.17% 13.53% 15.75% 21.19% 24.39% 20.58%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 394 -594 -3,657 -10,856 14,041 -4,417 -102,199 -25,953 45,610 -19,132 -10,982
Operating Cash Flow to CapEx		 587.00% 468.42% 1,041.33% -209.75% 2,185.26% 1,317.09% 1,085.90% 231.22% 211.84% 2,436.19% 430.65%
Free Cash Flow to Firm to Interest Expense		 3.86 -4.50 -21.39 -31.74 16.38 -4.15 -244.50 -54.52 29.52 0.00 -1.72
Operating Cash Flow to Interest Expense		 23.02 9.44 21.07 -2.45 14.53 8.76 16.39 4.45 1.33 0.00 0.42
Operating Cash Flow Less CapEx to Interest Expense		 19.10 7.42 19.05 -3.62 13.87 8.10 14.88 2.53 0.70 0.00 0.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.04 0.04
Fixed Asset Turnover		 6.62 5.84 6.12 6.22 6.25 5.50 4.67 5.86 5.80 5.09 5.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 50,011 52,052 57,598 70,808 60,274 68,395 173,893 205,701 167,274 191,473 208,397
Invested Capital Turnover		 0.12 0.13 0.14 0.13 0.15 0.17 0.10 0.10 0.11 0.11 0.10
Increase / (Decrease) in Invested Capital		 927 2,041 5,546 13,210 -10,534 8,121 105,498 31,808 -38,427 24,199 16,924
Enterprise Value (EV)		 41,880 47,259 58,147 88,306 52,321 56,441 129,261 194,932 207,304 207,687 223,940
Market Capitalization		 34,944 38,726 47,189 62,586 51,425 56,826 94,442 152,462 150,110 123,154 135,031
Book Value per Share		 $8.37 $9.07 $10.29 $11.74 $13.24 $14.78 $25.75 $24.49 $14.40 $17.43 $21.41
Tangible Book Value per Share		 $7.26 $8.00 $9.25 $10.82 $12.33 $13.72 $14.06 $13.21 $3.29 $6.34 $10.65
Total Capital		 50,011 52,052 57,598 70,808 60,274 68,395 173,893 205,701 167,274 191,473 208,397
Total Debt		 38,208 38,650 41,177 52,283 39,604 46,650 117,833 149,440 130,666 150,515 160,022
Total Long-Term Debt		 1,899 2,877 2,876 4,753 6,878 7,430 13,632 18,914 33,228 52,528 39,128
Net Debt		 6,064 7,074 8,175 22,927 -1,897 -3,178 27,086 32,516 47,488 75,342 79,718
Capital Expenditures (CapEx)		 400 266 346 400 570 708 631 916 971 804 620
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 38,208 38,650 41,177 52,283 39,604 46,650 117,833 149,440 130,666 150,515 160,022
Total Depreciation and Amortization (D&A)		 324 386 500 611 656 795 2,190 3,510 2,623 2,168 2,241
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.96 $1.04 $1.32 $1.63 $2.47 $2.69 $2.13 $2.84 $3.52 $2.55 $3.00
Adjusted Weighted Average Basic Shares Outstanding		 1.31B 1.32B 1.32B 1.34B 1.35B 1.31B 1.43B 1.89B 1.89B 1.82B 1.83B
Adjusted Diluted Earnings per Share		 $0.95 $1.03 $1.31 $1.61 $2.45 $2.67 $2.12 $2.83 $3.50 $2.54 $2.99
Adjusted Weighted Average Diluted Shares Outstanding		 1.32B 1.33B 1.33B 1.35B 1.36B 1.32B 1.44B 1.90B 1.89B 1.83B 1.83B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.69 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.31B 1.32B 1.33B 1.35B 1.33B 1.29B 1.88B 1.89B 1.84B 1.82B 1.81B
Normalized Net Operating Profit after Tax (NOPAT)		 1,321 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Normalized NOPAT Margin		 21.81% 22.68% 25.26% 27.31% 34.61% 34.55% 28.22% 31.61% 34.60% 26.90% 30.31%
Pre Tax Income Margin		 34.91% 35.72% 40.02% 42.35% 45.03% 45.22% 36.78% 41.65% 45.22% 33.86% 39.23%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 20.74 17.27 17.50 10.67 5.32 4.56 10.29 16.20 6.08 0.00 1.20
NOPAT to Interest Expense		 12.95 10.96 11.05 6.88 4.09 3.48 7.89 12.30 4.65 0.00 0.93
EBIT Less CapEx to Interest Expense		 16.81 15.25 15.48 9.50 4.66 3.89 8.78 14.28 5.45 0.00 1.11
NOPAT Less CapEx to Interest Expense		 9.03 8.95 9.02 5.71 3.43 2.82 6.38 10.38 4.02 0.00 0.83
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 28.24% 26.75% 25.73% 25.15% 22.44% 28.62% 38.80% 31.12% 29.37% 44.92% 38.29%
Augmented Payout Ratio		 28.24% 26.75% 25.73% 25.15% 50.96% 88.55% 38.80% 31.12% 76.64% 101.01% 38.29%

Quarterly Metrics And Ratios for Charles Schwab

This table displays calculated financial ratios and metrics derived from Charles Schwab's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.76% 9.50% -8.58% -16.25% -18.88% -7.35% 0.73% 5.23% 19.51% 18.12% 24.75%
EBITDA Growth		 8.25% -0.84% -25.13% -41.11% -43.05% -9.44% 4.36% 24.10% 60.12% 26.22% 43.06%
EBIT Growth		 28.42% 14.74% -25.64% -48.34% -54.04% -14.79% 3.31% 33.19% 93.05% 36.54% 60.45%
NOPAT Growth		 24.56% 14.34% -27.83% -44.31% -46.90% -15.03% 2.94% 25.16% 76.08% 40.16% 59.61%
Net Income Growth		 24.56% 14.34% -27.83% -44.31% -46.90% -15.03% 2.94% 25.16% 76.08% 40.16% 59.61%
EPS Growth		 25.97% 23.88% -26.44% -43.43% -47.42% -18.07% 3.13% 26.79% 84.31% 45.59% 63.64%
Operating Cash Flow Growth		 -137.36% 220.24% 34.33% -155.35% 1,050.97% -113.80% 18.48% 481.12% -154.04% 571.39% 174.72%
Free Cash Flow Firm Growth		 233.63% 121.58% -319.31% -119.64% -157.32% 259.14% 236.78% -202.90% 34.85% -236.12% -332.80%
Invested Capital Growth		 -18.68% -1.47% 6.27% 3.78% 14.47% -7.58% -6.46% 9.88% 8.84% 13.23% 18.98%
Revenue Q/Q Growth		 -0.05% -6.93% -8.99% -1.07% -3.19% 6.30% -1.05% 3.35% 9.94% 5.07% 4.50%
EBITDA Q/Q Growth		 -5.14% -16.50% -14.73% -12.82% -8.26% 32.79% -1.74% 3.66% 18.38% 4.67% 11.38%
EBIT Q/Q Growth		 -2.95% -18.78% -19.86% -18.21% -13.67% 50.59% -2.84% 5.44% 25.14% 6.51% 14.18%
NOPAT Q/Q Growth		 -2.57% -18.55% -19.28% -13.06% -7.11% 30.33% -2.20% 5.71% 30.68% 3.75% 11.37%
Net Income Q/Q Growth		 -2.57% -18.55% -19.28% -13.06% -7.11% 30.33% -2.20% 5.71% 30.68% 3.75% 11.37%
EPS Q/Q Growth		 -2.02% -14.43% -22.89% -12.50% -8.93% 33.33% -2.94% 7.58% 32.39% 5.32% 9.09%
Operating Cash Flow Q/Q Growth		 -123.27% 564.02% -153.35% 3.93% 499.86% -106.73% -215.20% 549.15% -156.69% 158.73% -50.04%
Free Cash Flow Firm Q/Q Growth		 51.59% -88.79% -323.19% 48.22% -342.46% 198.52% -15.00% -214.67% 4.84% -46.75% -45.37%
Invested Capital Q/Q Growth		 -0.67% 17.52% -1.69% -9.57% 9.57% -1.70% -0.51% 6.22% 8.53% -1.28% 4.54%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 56.79% 50.96% 47.74% 42.08% 39.87% 49.81% 49.47% 49.62% 53.42% 53.22% 56.73%
EBIT Margin		 47.26% 41.24% 36.32% 30.03% 26.78% 37.93% 37.25% 38.00% 43.25% 43.85% 47.91%
Profit (Net Income) Margin		 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34%
Tax Burden Percent		 75.75% 75.97% 76.52% 81.34% 87.52% 75.75% 76.25% 76.44% 79.83% 77.76% 75.85%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.25% 24.03% 23.48% 18.66% 12.48% 24.25% 23.76% 23.56% 20.17% 22.24% 24.15%
Return on Invested Capital (ROIC)		 3.99% 3.36% 3.08% 2.83% 2.46% 2.80% 2.81% 2.97% 3.39% 3.60% 3.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.99% 3.36% 3.08% 2.83% 2.46% 2.80% 2.81% 2.97% 3.39% 3.60% 3.97%
Return on Net Nonoperating Assets (RNNOA)		 12.02% 12.38% 11.06% 10.15% 8.92% 10.67% 10.14% 9.84% 11.77% 11.58% 12.86%
Return on Equity (ROE)		 16.01% 15.74% 14.14% 12.98% 11.38% 13.47% 12.95% 12.81% 15.16% 15.18% 16.83%
Cash Return on Invested Capital (CROIC)		 24.46% 5.21% -2.41% -0.21% -10.67% 10.43% 9.28% -6.60% -5.49% -9.06% -13.65%
Operating Return on Assets (OROA)		 1.61% 1.44% 1.31% 1.13% 0.97% 1.39% 1.43% 1.51% 1.74% 1.93% 2.28%
Return on Assets (ROA)		 1.22% 1.09% 1.00% 0.92% 0.84% 1.06% 1.09% 1.16% 1.39% 1.50% 1.73%
Return on Common Equity (ROCE)		 12.62% 12.03% 10.69% 9.60% 8.61% 10.33% 10.02% 10.04% 12.04% 12.15% 13.95%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 20.32% 18.53% 15.85% 0.00% 11.38% 11.07% 10.90% 0.00% 13.11% 14.73%
Net Operating Profit after Tax (NOPAT)		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
NOPAT Margin		 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 35.13% 39.58% 41.24% 47.26% 41.35% 39.89% 38.49% 39.08% 35.84% 36.47% 32.71%
Operating Expenses to Revenue		 52.74% 58.76% 63.68% 69.97% 73.22% 62.07% 62.75% 62.00% 56.75% 56.15% 52.09%
Earnings before Interest and Taxes (EBIT)		 2,598 2,110 1,691 1,383 1,194 1,798 1,747 1,842 2,305 2,455 2,803
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,122 2,607 2,223 1,938 1,778 2,361 2,320 2,405 2,847 2,980 3,319
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.58 3.47 3.62 3.43 3.88 3.94 3.86 3.11 3.45 3.51 3.87
Price to Tangible Book Value (P/TBV)		 24.44 14.38 13.52 11.88 10.66 9.96 9.06 6.49 6.93 6.82 7.11
Price to Revenue (P/Rev)		 7.23 4.44 4.87 4.93 6.54 7.09 7.26 6.31 6.89 6.91 7.64
Price to Earnings (P/E)		 22.62 13.66 15.78 17.69 26.49 29.97 30.46 25.21 24.65 23.50 24.35
Dividend Yield		 1.32% 2.17% 2.09% 2.21% 1.48% 1.39% 1.36% 1.55% 1.36% 1.31% 1.14%
Earnings Yield		 4.42% 7.32% 6.34% 5.65% 3.77% 3.34% 3.28% 3.97% 4.06% 4.26% 4.11%
Enterprise Value to Invested Capital (EV/IC)		 1.24 0.93 1.00 1.10 1.08 1.22 1.29 1.06 1.07 1.14 1.21
Enterprise Value to Revenue (EV/Rev)		 9.98 8.65 9.33 9.68 11.03 12.01 12.60 10.87 11.42 11.41 12.02
Enterprise Value to EBITDA (EV/EBITDA)		 17.26 15.29 17.23 19.45 24.30 26.71 27.76 22.97 22.55 22.13 22.50
Enterprise Value to EBIT (EV/EBIT)		 22.08 18.98 21.34 24.72 32.56 36.55 38.08 30.94 29.11 27.97 27.64
Enterprise Value to NOPAT (EV/NOPAT)		 28.86 24.83 28.14 32.12 40.99 45.94 47.92 39.56 37.69 35.99 35.69
Enterprise Value to Operating Cash Flow (EV/OCF)		 100.78 20.88 16.83 0.00 10.60 26.20 24.73 6.07 83.87 22.50 14.60
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.55 17.79 0.00 0.00 0.00 11.24 13.43 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.57 4.41 4.20 3.63 3.67 3.28 3.11 3.07 3.31 3.16 3.35
Long-Term Debt to Equity		 0.91 1.81 1.71 1.50 1.28 1.11 1.07 0.95 0.81 0.67 0.59
Financial Leverage		 3.02 3.69 3.59 3.59 3.63 3.80 3.61 3.32 3.48 3.21 3.24
Leverage Ratio		 13.13 14.41 14.07 14.07 13.47 12.75 11.85 11.07 10.89 10.14 9.73
Compound Leverage Factor		 13.13 14.41 14.07 14.07 13.47 12.75 11.85 11.07 10.89 10.14 9.73
Debt to Total Capital		 78.11% 81.51% 80.78% 78.38% 78.61% 76.66% 75.68% 75.41% 76.79% 75.93% 77.01%
Short-Term Debt to Total Capital		 58.25% 48.13% 47.93% 45.99% 51.18% 50.86% 49.77% 51.95% 58.01% 59.91% 63.43%
Long-Term Debt to Total Capital		 19.86% 33.38% 32.85% 32.39% 27.43% 25.79% 25.92% 23.46% 18.78% 16.03% 13.58%
Preferred Equity to Total Capital		 5.80% 4.68% 4.76% 5.26% 4.80% 5.06% 5.08% 4.79% 4.41% 4.47% 3.14%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 16.07% 13.81% 14.47% 16.36% 16.59% 18.28% 19.23% 19.80% 18.80% 19.60% 19.85%
Debt to EBITDA		 10.88 13.37 13.88 13.85 17.61 16.78 16.29 16.34 16.11 14.80 14.34
Net Debt to EBITDA		 3.95 6.68 7.42 8.61 8.82 9.83 10.69 8.61 8.03 7.85 7.61
Long-Term Debt to EBITDA		 2.77 5.47 5.65 5.72 6.15 5.65 5.58 5.08 3.94 3.12 2.53
Debt to NOPAT		 18.19 21.70 22.67 22.87 29.71 28.86 28.13 28.13 26.93 24.07 22.74
Net Debt to NOPAT		 6.61 10.84 12.11 14.21 14.87 16.91 18.45 14.82 13.42 12.76 12.06
Long-Term Debt to NOPAT		 4.63 8.89 9.22 9.45 10.37 9.71 9.63 8.75 6.59 5.08 4.01
Noncontrolling Interest Sharing Ratio		 21.19% 23.55% 24.35% 26.04% 24.39% 23.34% 22.67% 21.63% 20.58% 20.00% 17.08%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 40,395 4,528 -10,106 -5,233 -23,154 16,262 13,823 -15,851 -15,084 -22,136 -32,180
Operating Cash Flow to CapEx		 -1,043.07% 5,228.34% -2,472.04% -2,096.65% 11,998.20% -905.37% -6,541.54% 12,564.47% -4,262.60% 5,435.04% 2,482.03%
Free Cash Flow to Firm to Interest Expense		 49.75 3.63 -5.57 -2.92 0.00 9.52 8.33 -9.29 -11.43 -21.06 -33.35
Operating Cash Flow to Interest Expense		 -2.59 7.85 -2.88 -2.80 0.00 -0.79 -2.56 11.19 -8.20 6.05 3.29
Operating Cash Flow Less CapEx to Interest Expense		 -2.84 7.70 -2.99 -2.93 0.00 -0.88 -2.60 11.11 -8.39 5.94 3.16
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05
Fixed Asset Turnover		 5.80 5.88 5.65 5.36 5.09 5.06 5.19 5.30 5.58 5.97 6.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 167,274 196,587 193,255 174,755 191,473 181,687 180,764 192,014 208,397 205,732 215,070
Invested Capital Turnover		 0.11 0.11 0.11 0.12 0.11 0.10 0.10 0.10 0.10 0.11 0.11
Increase / (Decrease) in Invested Capital		 -38,427 -2,925 11,400 6,358 24,199 -14,900 -12,491 17,259 16,924 24,045 34,306
Enterprise Value (EV)		 207,304 183,356 193,714 192,406 207,687 221,699 233,097 203,623 223,940 233,507 259,933
Market Capitalization		 150,110 94,124 101,149 98,071 123,154 130,890 134,182 118,154 135,031 141,512 165,314
Book Value per Share		 $14.40 $14.74 $15.36 $15.70 $17.43 $18.20 $19.01 $20.79 $21.41 $22.23 $23.49
Tangible Book Value per Share		 $3.29 $3.55 $4.11 $4.53 $6.34 $7.20 $8.10 $9.95 $10.65 $11.44 $12.80
Total Capital		 167,274 196,587 193,255 174,755 191,473 181,687 180,764 192,014 208,397 205,732 215,070
Total Debt		 130,666 160,240 156,108 136,971 150,515 139,275 136,811 144,799 160,022 156,221 165,619
Total Long-Term Debt		 33,228 65,616 63,482 56,603 52,528 46,865 46,849 45,042 39,128 32,971 29,208
Net Debt		 47,488 80,041 83,374 85,144 75,342 81,618 89,724 76,278 79,718 82,804 87,856
Capital Expenditures (CapEx)		 202 187 211 239 167 149 65 152 254 117 128
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 130,666 160,240 156,108 136,971 150,515 139,275 136,811 144,799 160,022 156,221 165,619
Total Depreciation and Amortization (D&A)		 524 497 532 555 584 563 573 563 542 525 516
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.98 $0.84 $0.64 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94 $0.99 $1.09
Adjusted Weighted Average Basic Shares Outstanding		 1.89B 1.83B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B
Adjusted Diluted Earnings per Share		 $0.97 $0.83 $0.64 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94 $0.99 $1.08
Adjusted Weighted Average Diluted Shares Outstanding		 1.89B 1.84B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.84B 1.82B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B 1.82B 1.82B
Normalized Net Operating Profit after Tax (NOPAT)		 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126
Normalized NOPAT Margin		 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34%
Pre Tax Income Margin		 47.26% 41.24% 36.32% 30.03% 26.78% 37.93% 37.25% 38.00% 43.25% 43.85% 47.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.20 1.69 0.93 0.77 0.00 1.05 1.05 1.08 1.75 2.34 2.90
NOPAT to Interest Expense		 2.42 1.29 0.71 0.63 0.00 0.80 0.80 0.83 1.39 1.82 2.20
EBIT Less CapEx to Interest Expense		 2.95 1.54 0.82 0.64 0.00 0.97 1.01 0.99 1.55 2.22 2.77
NOPAT Less CapEx to Interest Expense		 2.17 1.14 0.60 0.49 0.00 0.71 0.76 0.74 1.20 1.71 2.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.37% 29.37% 32.42% 37.63% 44.92% 47.04% 46.69% 44.16% 38.29% 35.57% 32.14%
Augmented Payout Ratio		 76.64% 113.84% 123.01% 117.46% 101.01% 47.04% 46.69% 44.16% 38.29% 58.68% 57.31%

Key Financial Trends

Charles Schwab (NYSE: SCHW) has shown a generally positive financial trajectory over the past four years, highlighted by consistent net income growth, strong cash flow from operating activities, and strategic balance sheet management. Here are the key trends and highlights extracted from the latest financial statements through Q2 2025:

  • Rising Net Income: The company reported a consolidated net income of $2.13 billion in Q2 2025, up from $1.91 billion in Q1 2025 and $1.84 billion in Q4 2024, indicating solid earnings growth.
  • Strong Operating Cash Flow: Net cash from continuing operating activities stood at $3.18 billion in Q2 2025, demonstrating efficient cash generation from core operations.
  • Robust Investing Activity: The sale and/or maturity of investments totaled $13.55 billion in Q2 2025 against purchases of $4.34 billion, resulting in net investing inflow of $9.08 billion, reflecting effective asset turnover and liquidity management.
  • High Total Assets: Total assets remain elevated at $458.9 billion as of Q2 2025, reflecting a broad and diverse asset base.
  • Consistent Dividend Payments and Share Repurchases: Dividend payments in Q2 2025 were $608 million, and common stock repurchases of $333 million, signaling shareholder-friendly capital allocation.
  • Deposits and Debt Fluctuations: There was a substantial net reduction in deposits by $13.1 billion in Q2 2025, while issuance and repayments of debt were $14.86 billion and $17.1 billion respectively, indicating active management but also potential fluctuations in funding sources.
  • Stable Equity Base: Total common equity was $42.7 billion in Q2 2025, relatively steady compared to previous quarters, supporting a solid capital structure.
  • Decline in Cash and Due from Banks: Cash and due from banks decreased from $35.0 billion in Q1 2025 to $32.2 billion in Q2 2025, which might impact liquidity if the trend continues.
  • Higher Interest Expense on Debt: Total interest expense reduced in Q2 2025 to $965 million but remains a significant cost burden compared to net interest income of $2.82 billion, pressuring net profitability.
  • Decreasing Net Cash from Financing Activities: Net cash outflow from financing activities grew to $18.7 billion in Q2 2025, reflecting large debt repayments and shareholder distributions that could constrain cash reserves if prolonged.

Overall, Charles Schwab has exhibited solid earnings growth and operating cash flow improvements. The company’s strategic investment and financing decisions, including disciplined capital allocation towards dividends and share repurchases, have supported shareholder value. However, managing deposit levels and the sizeable debt repayments will be critical in maintaining liquidity and sustaining growth. Retail investors should watch for trends in deposit inflows and financing costs as indicators of future financial flexibility.

08/24/25 08:39 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Charles Schwab's Financials

When does Charles Schwab's financial year end?

According to the most recent income statement we have on file, Charles Schwab's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Charles Schwab's net income changed over the last 10 years?

Charles Schwab's net income appears to be on an upward trend, with a most recent value of $5.94 billion in 2024, rising from $1.32 billion in 2014. The previous period was $5.07 billion in 2023. Find out what analysts predict for Charles Schwab in the coming months.

How has Charles Schwab's revenue changed over the last 10 years?

Over the last 10 years, Charles Schwab's total revenue changed from $6.06 billion in 2014 to $19.61 billion in 2024, a change of 223.6%.

How much debt does Charles Schwab have?

Charles Schwab's total liabilities were at $431.47 billion at the end of 2024, a 4.6% decrease from 2023, and a 202.1% increase since 2014.

How much cash does Charles Schwab have?

In the past 10 years, Charles Schwab's cash and equivalents has ranged from $10.83 billion in 2016 to $62.98 billion in 2021, and is currently $42.08 billion as of their latest financial filing in 2024.

How has Charles Schwab's book value per share changed over the last 10 years?

Over the last 10 years, Charles Schwab's book value per share changed from 8.37 in 2014 to 21.41 in 2024, a change of 155.7%.


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This page (NYSE:SCHW) was last updated on 8/24/2025 by MarketBeat.com Staff
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