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Charles Schwab (SCHW) Financials

Charles Schwab logo
$89.25 -0.66 (-0.74%)
Closing price 06/20/2025 03:59 PM Eastern
Extended Trading
$89.38 +0.13 (+0.15%)
As of 06/20/2025 06:31 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 1,364 1,746 2,180 3,329 3,526 3,043 5,360 6,635 4,649 5,478
Consolidated Net Income / (Loss)		 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		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Total Pre-Tax Income 		2,279 2,993 3,650 4,562 4,848 4,300 7,713 9,388 6,378 7,692
Total Revenue		 6,380 7,478 8,618 10,132 10,721 11,691 18,520 20,762 18,837 19,606
Net Interest Income / (Expense)		 2,525 3,322 4,282 5,823 6,516 6,113 8,030 10,682 9,427 9,144
Total Interest Income		 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 9,427 15,537
Investment Securities Interest Income		 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 16,111 15,537
Total Interest Expense		 132 171 342 857 1,064 418 476 1,545 0.00 6,393
Long-Term Debt Interest Expense		 132 171 342 857 1,064 418 476 1,545 - 6,393
Total Non-Interest Income		 3,855 4,156 4,336 4,309 4,205 5,578 10,490 10,080 9,410 10,462
Other Non-Interest Income		 866 3,880 4,046 4,131 3,963 5,246 10,490 10,080 9,410 10,462
Total Non-Interest Expense		 4,101 4,485 4,968 5,570 5,873 7,391 10,807 11,374 12,459 11,914
Salaries and Employee Benefits		 2,241 2,466 2,737 3,057 3,320 3,954 5,450 5,936 6,315 6,043
Net Occupancy & Equipment Expense		 353 398 436 496 559 703 976 1,175 1,254 1,060
Marketing Expense		 249 265 268 313 307 326 485 419 397 397
Other Operating Expenses		 1,034 1,122 1,258 1,398 1,338 1,804 2,732 2,596 3,155 2,979
Depreciation Expense		 224 234 269 277 322 414 549 652 804 916
Amortization Expense		 - - - 29 27 190 615 596 534 519
Income Tax Expense		 832 1,104 1,296 1,055 1,144 1,001 1,858 2,205 1,311 1,750
Preferred Stock Dividends Declared		 83 143 174 178 178 256 495 548 418 464
Basic Earnings per Share		 $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		 1.32B 1.32B 1.34B 1.35B 1.31B 1.43B 1.89B 1.89B 1.82B 1.83B
Diluted Earnings per Share		 $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		 1.33B 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 1.32B 1.35B 1.33B 1.29B 1.88B 1.89B 1.84B 1.82B 1.81B
Cash Dividends to Common per Share		 $0.24 $0.27 $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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 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
Net Income / (Loss) Attributable to Common Shareholders		 1,884 1,821 1,533 1,173 1,017 926 1,251 1,211 1,299 1,717
Consolidated Net Income / (Loss)		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
Net Income / (Loss) Continuing Operations		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
Total Pre-Tax Income 		2,677 2,598 2,110 1,691 1,383 1,194 1,798 1,747 1,842 2,305
Total Revenue		 5,500 5,497 5,116 4,656 4,606 4,459 4,740 4,690 4,847 5,329
Net Interest Income / (Expense)		 2,926 3,029 2,770 2,290 2,237 2,130 2,233 2,158 2,222 2,531
Total Interest Income		 3,357 3,841 4,016 4,104 4,028 -2,721 3,941 3,817 3,928 3,851
Investment Securities Interest Income		 3,357 3,841 4,016 4,104 4,028 3,963 3,941 3,817 3,928 3,851
Total Interest Expense		 431 812 1,246 1,814 1,791 -4,851 1,708 1,659 1,706 1,320
Long-Term Debt Interest Expense		 431 812 1,246 1,814 1,791 - 1,708 1,659 1,706 1,320
Total Non-Interest Income		 2,574 2,468 2,346 2,366 2,369 2,329 2,507 2,532 2,625 2,798
Other Non-Interest Income		 2,574 2,468 2,346 2,366 2,369 2,329 2,507 2,532 2,625 2,798
Total Non-Interest Expense		 2,823 2,899 3,006 2,965 3,223 3,265 2,942 2,943 3,005 3,024
Salaries and Employee Benefits		 1,476 1,488 1,638 1,498 1,770 1,409 1,538 1,450 1,522 1,533
Net Occupancy & Equipment Expense		 292 320 299 319 305 331 265 248 271 276
Marketing Expense		 89 123 88 103 102 104 88 107 101 101
Other Operating Expenses		 647 656 669 720 713 1,053 693 776 750 760
Depreciation Expense		 167 176 177 191 198 238 228 233 231 224
Amortization Expense		 152 136 135 134 135 130 130 129 130 130
Income Tax Expense		 657 630 507 397 258 149 436 415 434 465
Preferred Stock Dividends Declared		 136 147 70 121 108 119 111 121 109 123
Basic Earnings per Share		 $1.00 $0.98 $0.84 $0.64 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94
Weighted Average Basic Shares Outstanding		 1.89B 1.89B 1.83B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B
Diluted Earnings per Share		 $0.99 $0.97 $0.83 $0.64 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94
Weighted Average Diluted Shares Outstanding		 1.90B 1.89B 1.84B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B
Weighted Average Basic & Diluted Shares Outstanding		 1.87B 1.84B 1.82B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 615 -209 1,287 19,067 7,350 24,983 22,778 -34,618 15,753 -8,959
Net Cash From Operating Activities		 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		 1,246 3,603 -839 12,456 9,325 6,852 2,118 2,057 19,587 2,670
Net Income / (Loss) Continuing Operations		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Consolidated Net Income / (Loss)		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Depreciation Expense		 224 234 269 277 322 414 549 652 804 916
Amortization Expense		 162 266 342 379 473 1,776 2,961 1,971 1,364 1,325
Non-Cash Adjustments to Reconcile Net Income		 124 160 262 334 384 415 679 838 544 698
Changes in Operating Assets and Liabilities, net		 -700 1,054 -4,066 7,959 4,442 948 -7,926 -8,587 11,808 -6,211
Net Cash From Investing Activities		 -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		 -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		 -266 -346 -400 -570 -708 -631 -916 -971 -804 -620
Purchase of Investment Securities		 -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		 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		 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		 27,992 34,963 22,599 47,166 -13,939 143,982 96,323 -68,723 -61,245 -47,060
Net Change in Deposits		 26,687 33,952 6,186 61,767 -11,329 137,928 85,756 -77,054 -76,771 -30,832
Issuance of Debt		 1,346 0.00 17,129 3,024 1,993 4,304 18,143 36,366 72,297 50,018
Issuance of Preferred Equity		 581 1,316 492 0.00 0.00 4,940 2,806 740 0.00 0.00
Repayment of Debt		 -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		 -387 -486 -592 -787 -1,060 -1,280 -1,822 -2,110 -2,276 -2,275
Other Financing Activities, Net		 122 188 126 125 77 24 117 -30 -51 -17
Cash Interest Paid		 121 160 327 798 1,075 434 501 1,355 5,623 6,655
Cash Income Taxes Paid		 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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 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
Net Change in Cash & Equivalents		 -18,580 -6,526 10,710 -10,323 -14,200 29,566 -16,800 -10,558 19,888 -1,489
Net Cash From Operating Activities		 9,054 -2,107 9,777 -5,216 -5,011 20,037 -1,349 -4,252 19,098 -10,827
Net Cash From Continuing Operating Activities		 9,054 -2,107 9,777 -5,216 -5,011 20,037 -1,349 -4,252 19,098 -10,827
Net Income / (Loss) Continuing Operations		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
Consolidated Net Income / (Loss)		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
Depreciation Expense		 167 176 177 191 198 238 228 233 231 224
Amortization Expense		 447 348 320 341 357 346 335 340 332 318
Non-Cash Adjustments to Reconcile Net Income		 207 275 269 207 180 -112 198 133 143 224
Changes in Operating Assets and Liabilities, net		 6,213 -4,874 7,408 -7,249 -6,871 18,520 -3,472 -6,290 16,984 -13,433
Net Cash From Investing Activities		 21,760 11,540 11,029 18,167 18,533 9,682 9,475 9,706 8,516 7,734
Net Cash From Continuing Investing Activities		 21,760 11,540 11,001 18,195 18,533 9,578 9,475 9,730 8,492 7,734
Purchase of Property, Leasehold Improvements and Equipment		 -232 -202 -187 -211 -239 -167 -149 -65 -152 -254
Purchase of Investment Securities		 -4,314 -1,863 -968 -371 -1,277 -1,149 -1,207 -2,516 -2,618 -2,838
Sale and/or Maturity of Investments		 26,306 13,605 12,156 18,777 20,049 10,894 10,831 12,311 11,262 10,826
Net Cash From Financing Activities		 -49,394 -15,959 -10,096 -23,274 -27,722 -153 -24,926 -16,012 -7,726 1,604
Net Cash From Continuing Financing Activities		 -49,394 -15,959 -10,096 -23,274 -27,722 -153 -24,926 -16,012 -7,726 1,604
Net Change in Deposits		 -46,288 -28,991 -40,979 -21,331 -20,006 5,545 -20,493 -17,040 -5,958 12,659
Issuance of Debt		 500 18,392 39,857 9,935 11,007 11,498 9,050 14,017 15,159 11,792
Repayment of Debt		 -1,614 -1,850 -5,049 -11,305 -18,165 -16,616 -12,858 -12,436 -16,368 -22,292
Payment of Dividends		 -539 -551 -568 -574 -561 -573 -562 -575 -563 -575
Other Financing Activities, Net		 2.00 -19 -48 1.00 3.00 -7.00 -63 22 4.00 20
Cash Interest Paid		 436 633 923 1,212 1,716 1,772 1,957 1,611 1,645 1,442
Cash Income Taxes Paid		 599 694 40 836 367 377 41 1,026 246 178

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 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		 11,978 10,828 14,217 27,938 29,345 40,348 62,975 40,195 43,337 42,083
Restricted Cash		 19,598 22,174 15,139 13,563 20,483 50,399 53,949 42,983 31,836 38,221
Trading Account Securities		 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		 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		 17,895 17,155 20,576 21,651 21,767 64,440 90,565 66,591 68,667 85,374
Premises and Equipment, Net		 1,145 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 11,952 11,952 11,951 11,951 11,951
Intangible Assets		 181 144 - - 128 9,991 9,379 8,789 8,260 7,743
Other Assets		 1,161 2,136 2,706 3,138 22,799 7,783 10,318 16,099 17,900 16,471
Total Liabilities & Shareholders' Equity		 183,705 223,383 243,274 296,482 294,005 549,009 667,270 551,772 493,178 479,843
Total Liabilities		 170,303 206,962 224,749 275,812 272,260 492,949 611,009 515,164 452,220 431,468
Non-Interest Bearing Deposits		 129,502 163,454 169,656 231,423 220,094 358,022 443,778 366,724 289,953 259,121
Short-Term Debt		 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		 2,877 2,876 4,753 6,878 7,430 13,632 18,914 33,228 52,528 39,128
Total Equity & Noncontrolling Interests		 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375
Total Preferred & Common Equity		 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375
Preferred Stock		 1,459 2,783 2,793 2,793 2,793 7,733 9,954 9,706 9,191 9,191
Total Common Equity		 11,943 13,638 15,732 17,877 18,952 48,327 46,307 26,881 31,767 39,184
Common Stock		 4,167 4,282 4,368 4,514 4,671 26,536 26,762 27,075 27,351 27,660
Retained Earnings		 11,253 12,649 14,408 17,329 19,960 21,975 25,992 31,066 33,901 37,568
Treasury Stock		 -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)		 -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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 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
Total Assets		 577,563 551,772 535,552 511,505 475,204 493,178 468,784 449,675 466,055 479,843
Cash and Due from Banks		 46,486 40,195 49,162 47,651 33,251 43,337 31,752 25,350 34,850 42,083
Restricted Cash		 44,118 42,983 31,037 25,083 18,576 31,836 25,905 21,737 33,671 38,221
Trading Account Securities		 332,840 320,945 311,245 292,097 272,724 267,098 257,457 246,741 239,880 229,447
Loans and Leases, Net of Allowance		 40,379 40,505 0.00 40,061 40,327 40,439 40,783 42,182 43,311 45,215
Loans and Leases		 40,379 40,505 - 40,061 40,327 40,439 40,783 42,182 43,311 45,215
Customer and Other Receivables		 73,859 66,591 63,187 65,162 69,062 68,667 71,169 72,836 74,016 85,374
Premises and Equipment, Net		 3,687 3,714 3,716 3,686 3,730 3,690 3,584 3,436 3,340 3,338
Goodwill		 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951
Intangible Assets		 8,923 8,789 8,659 8,524 8,390 8,260 8,131 8,003 7,873 7,743
Other Assets		 15,320 16,099 56,595 17,290 17,193 17,900 18,052 17,439 17,163 16,471
Total Liabilities & Shareholders' Equity		 577,563 551,772 535,552 511,505 475,204 493,178 468,784 449,675 466,055 479,843
Total Liabilities		 540,522 515,164 499,205 474,358 437,420 452,220 426,372 405,722 418,840 431,468
Non-Interest Bearing Deposits		 395,715 366,724 325,745 304,414 284,408 289,953 269,460 252,420 246,462 259,121
Short-Term Debt		 110,512 97,438 94,624 92,626 80,368 97,987 92,410 89,962 99,757 120,894
Accrued Interest Payable		 13,451 - - 13,836 16,041 11,752 17,637 16,491 27,579 12,325
Long-Term Debt		 20,844 33,228 65,616 63,482 56,603 52,528 46,865 46,849 45,042 39,128
Total Equity & Noncontrolling Interests		 37,041 36,608 36,347 37,147 37,784 40,958 42,412 43,953 47,215 48,375
Total Preferred & Common Equity		 37,041 36,608 36,347 37,147 37,784 40,958 42,412 43,953 47,215 48,375
Preferred Stock		 10,297 9,706 9,191 9,191 9,191 9,191 9,191 9,191 9,191 9,191
Total Common Equity		 26,744 26,881 27,156 27,956 28,593 31,767 33,221 34,762 38,024 39,184
Common Stock		 26,996 27,075 27,157 27,241 27,314 27,351 27,379 27,491 27,569 27,660
Retained Earnings		 29,651 31,066 32,144 32,865 33,429 33,901 34,701 35,458 36,303 37,568
Treasury Stock		 -6,751 -8,639 -11,455 -11,420 -11,398 -11,354 -11,283 -11,251 -11,230 -11,196
Accumulated Other Comprehensive Income / (Loss)		 -23,152 -22,621 -20,690 -20,730 -20,752 -18,131 -17,576 -16,936 -14,618 -14,848

Annual Metrics And Ratios for Charles Schwab

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 5.32% 17.21% 15.24% 17.57% 5.81% 9.05% 58.41% 12.11% -9.27% 4.08%
EBITDA Growth		 9.27% 31.07% 21.99% 22.46% 8.14% 15.01% 72.93% 7.02% -28.85% 16.23%
EBIT Growth		 7.75% 31.33% 21.95% 24.99% 6.27% -11.30% 79.37% 21.72% -32.06% 20.60%
NOPAT Growth		 9.54% 30.55% 24.62% 48.98% 5.62% -10.93% 77.48% 22.68% -29.46% 17.27%
Net Income Growth		 9.54% 30.55% 24.62% 48.98% 5.62% -10.93% 77.48% 22.68% -29.46% 17.27%
EPS Growth		 8.42% 27.18% 22.90% 52.17% 8.98% -20.60% 33.49% 23.67% -27.43% 17.72%
Operating Cash Flow Growth		 -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		 -250.76% -515.66% -196.86% 229.34% -131.46% -2,213.77% 74.61% 275.74% -141.95% 42.60%
Invested Capital Growth		 4.08% 10.65% 22.93% -14.88% 13.47% 154.25% 18.29% -18.68% 14.47% 8.84%
Revenue Q/Q Growth		 2.34% 3.82% 3.23% 4.40% -0.58% 15.51% 2.96% 3.95% -5.22% 4.64%
EBITDA Q/Q Growth		 4.31% 6.66% 3.75% 4.82% 0.11% 17.30% 5.22% 2.02% -13.59% 12.06%
EBIT Q/Q Growth		 4.45% 6.13% 3.66% 5.97% -1.98% 9.25% 7.63% 6.52% -18.04% 16.88%
NOPAT Q/Q Growth		 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		 4.78% 5.95% 3.29% 10.67% -2.19% 9.38% 8.23% 5.71% -15.41% 15.45%
EPS Q/Q Growth		 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		 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		 -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		 4.45% -0.36% 12.03% 7.64% 3.41% 90.73% 6.57% -0.67% 9.57% 8.53%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 41.77% 46.71% 49.44% 51.50% 52.64% 55.51% 60.60% 57.85% 45.37% 50.66%
EBIT Margin		 35.72% 40.02% 42.35% 45.03% 45.22% 36.78% 41.65% 45.22% 33.86% 39.23%
Profit (Net Income) Margin		 22.68% 25.26% 27.31% 34.61% 34.55% 28.22% 31.61% 34.60% 26.90% 30.31%
Tax Burden Percent		 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%
Effective Tax Rate		 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)		 2.84% 3.45% 3.67% 5.35% 5.76% 2.72% 3.08% 3.85% 2.82% 2.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.84% 3.45% 3.67% 5.35% 5.76% 2.72% 3.08% 3.85% 2.82% 2.97%
Return on Net Nonoperating Assets (RNNOA)		 8.65% 9.22% 9.81% 12.54% 11.71% 5.76% 7.34% 11.62% 10.24% 10.33%
Return on Equity (ROE)		 11.48% 12.67% 13.47% 17.90% 17.47% 8.48% 10.43% 15.47% 13.07% 13.30%
Cash Return on Invested Capital (CROIC)		 -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)		 1.35% 1.47% 1.56% 1.69% 1.64% 1.02% 1.27% 1.54% 1.22% 1.58%
Return on Assets (ROA)		 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)		 10.42% 10.87% 11.32% 15.34% 15.17% 7.33% 8.78% 12.19% 9.88% 10.57%
Return on Equity Simple (ROE_SIMPLE)		 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)		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
NOPAT Margin		 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%
SG&A Expenses to Revenue		 44.56% 41.84% 39.93% 38.16% 39.04% 42.62% 37.32% 36.27% 42.29% 38.25%
Operating Expenses to Revenue		 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)		 2,279 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)		 2,665 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)		 3.24 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)		 3.68 3.85 4.31 3.09 3.23 3.58 6.10 24.44 10.66 6.93
Price to Revenue (P/Rev)		 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)		 28.39 27.03 28.71 15.45 16.12 31.04 28.44 22.62 26.49 24.65
Dividend Yield		 0.82% 0.76% 0.69% 1.21% 1.53% 1.43% 0.89% 1.32% 1.48% 1.36%
Earnings Yield		 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)		 0.91 1.01 1.25 0.87 0.83 0.74 0.95 1.24 1.08 1.07
Enterprise Value to Revenue (EV/Rev)		 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)		 17.73 16.65 20.72 10.03 10.00 19.92 17.37 17.26 24.30 22.55
Enterprise Value to EBIT (EV/EBIT)		 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)		 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)		 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)		 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		 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		 0.21 0.18 0.26 0.33 0.34 0.24 0.34 0.91 1.28 0.81
Financial Leverage		 3.05 2.68 2.67 2.34 2.03 2.11 2.38 3.02 3.63 3.48
Leverage Ratio		 13.42 13.65 13.35 13.77 13.92 10.84 10.83 13.13 13.47 10.89
Compound Leverage Factor		 13.42 13.65 13.35 13.77 13.92 10.84 10.83 13.13 13.47 10.89
Debt to Total Capital		 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		 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		 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		 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%
Common Equity to Total Capital		 22.94% 23.68% 22.22% 29.66% 27.71% 27.79% 22.51% 16.07% 16.59% 18.80%
Debt to EBITDA		 14.50 11.79 12.27 7.59 8.27 18.16 13.32 10.88 17.61 16.11
Net Debt to EBITDA		 2.65 2.34 5.38 -0.36 -0.56 4.17 2.90 3.95 8.82 8.03
Long-Term Debt to EBITDA		 1.08 0.82 1.12 1.32 1.32 2.10 1.69 2.77 6.15 3.94
Debt to NOPAT		 26.71 21.80 22.21 11.29 12.59 35.72 25.52 18.19 29.71 26.93
Net Debt to NOPAT		 4.89 4.33 9.74 -0.54 -0.86 8.21 5.55 6.61 14.87 13.42
Long-Term Debt to NOPAT		 1.99 1.52 2.02 1.96 2.01 4.13 3.23 4.63 10.37 6.59
Noncontrolling Interest Sharing Ratio		 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)		 -594 -3,657 -10,856 14,041 -4,417 -102,199 -25,953 45,610 -19,132 -10,982
Operating Cash Flow to CapEx		 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		 -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		 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		 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 0.03 0.03 0.03 0.04 0.04
Fixed Asset Turnover		 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		 52,052 57,598 70,808 60,274 68,395 173,893 205,701 167,274 191,473 208,397
Invested Capital Turnover		 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		 2,041 5,546 13,210 -10,534 8,121 105,498 31,808 -38,427 24,199 16,924
Enterprise Value (EV)		 47,259 58,147 88,306 52,321 56,441 129,261 194,932 207,304 207,687 223,940
Market Capitalization		 38,726 47,189 62,586 51,425 56,826 94,442 152,462 150,110 123,154 135,031
Book Value per Share		 $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		 $8.00 $9.25 $10.82 $12.33 $13.72 $14.06 $13.21 $3.29 $6.34 $10.65
Total Capital		 52,052 57,598 70,808 60,274 68,395 173,893 205,701 167,274 191,473 208,397
Total Debt		 38,650 41,177 52,283 39,604 46,650 117,833 149,440 130,666 150,515 160,022
Total Long-Term Debt		 2,877 2,876 4,753 6,878 7,430 13,632 18,914 33,228 52,528 39,128
Net Debt		 7,074 8,175 22,927 -1,897 -3,178 27,086 32,516 47,488 75,342 79,718
Capital Expenditures (CapEx)		 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
Net Nonoperating Obligations (NNO)		 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)		 386 500 611 656 795 2,190 3,510 2,623 2,168 2,241
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $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		 1.32B 1.32B 1.34B 1.35B 1.31B 1.43B 1.89B 1.89B 1.82B 1.83B
Adjusted Diluted Earnings per Share		 $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		 1.33B 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 $2.69 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 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)		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942
Normalized NOPAT Margin		 22.68% 25.26% 27.31% 34.61% 34.55% 28.22% 31.61% 34.60% 26.90% 30.31%
Pre Tax Income Margin		 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		 17.27 17.50 10.67 5.32 4.56 10.29 16.20 6.08 0.00 1.20
NOPAT to Interest Expense		 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		 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		 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		 26.75% 25.73% 25.15% 22.44% 28.62% 38.80% 31.12% 29.37% 44.92% 38.29%
Augmented Payout Ratio		 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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 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
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 20.35% 16.76% 9.50% -8.58% -16.25% -18.88% -7.35% 0.73% 5.23% 19.51%
EBITDA Growth		 14.91% 8.25% -0.84% -25.13% -41.11% -43.05% -9.44% 4.36% 24.10% 60.12%
EBIT Growth		 33.12% 28.42% 14.74% -25.64% -48.34% -54.04% -14.79% 3.31% 33.19% 93.05%
NOPAT Growth		 32.37% 24.56% 14.34% -27.83% -44.31% -46.90% -15.03% 2.94% 25.16% 76.08%
Net Income Growth		 32.37% 24.56% 14.34% -27.83% -44.31% -46.90% -15.03% 2.94% 25.16% 76.08%
EPS Growth		 33.78% 25.97% 23.88% -26.44% -43.43% -47.42% -18.07% 3.13% 26.79% 84.31%
Operating Cash Flow Growth		 398.84% -137.36% 220.24% 34.33% -155.35% 1,050.97% -113.80% 18.48% 481.12% -154.04%
Free Cash Flow Firm Growth		 126.56% 233.63% 121.58% -319.31% -119.64% -157.32% 259.14% 236.78% -202.90% 34.85%
Invested Capital Growth		 -12.76% -18.68% -1.47% 6.27% 3.78% 14.47% -7.58% -6.46% 9.88% 8.84%
Revenue Q/Q Growth		 7.99% -0.05% -6.93% -8.99% -1.07% -3.19% 6.30% -1.05% 3.35% 9.94%
EBITDA Q/Q Growth		 10.85% -5.14% -16.50% -14.73% -12.82% -8.26% 32.79% -1.74% 3.66% 18.38%
EBIT Q/Q Growth		 17.72% -2.95% -18.78% -19.86% -18.21% -13.67% 50.59% -2.84% 5.44% 25.14%
NOPAT Q/Q Growth		 12.66% -2.57% -18.55% -19.28% -13.06% -7.11% 30.33% -2.20% 5.71% 30.68%
Net Income Q/Q Growth		 12.66% -2.57% -18.55% -19.28% -13.06% -7.11% 30.33% -2.20% 5.71% 30.68%
EPS Q/Q Growth		 13.79% -2.02% -14.43% -22.89% -12.50% -8.93% 33.33% -2.94% 7.58% 32.39%
Operating Cash Flow Q/Q Growth		 213.99% -123.27% 564.02% -153.35% 3.93% 499.86% -106.73% -215.20% 549.15% -156.69%
Free Cash Flow Firm Q/Q Growth		 478.28% 51.59% -88.79% -323.19% 48.22% -342.46% 198.52% -15.00% -214.67% 4.84%
Invested Capital Q/Q Growth		 -7.40% -0.67% 17.52% -1.69% -9.57% 9.57% -1.70% -0.51% 6.22% 8.53%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 59.84% 56.79% 50.96% 47.74% 42.08% 39.87% 49.81% 49.47% 49.62% 53.42%
EBIT Margin		 48.67% 47.26% 41.24% 36.32% 30.03% 26.78% 37.93% 37.25% 38.00% 43.25%
Profit (Net Income) Margin		 36.73% 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53%
Tax Burden Percent		 75.46% 75.75% 75.97% 76.52% 81.34% 87.52% 75.75% 76.25% 76.44% 79.83%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.54% 24.25% 24.03% 23.48% 18.66% 12.48% 24.25% 23.76% 23.56% 20.17%
Return on Invested Capital (ROIC)		 4.06% 3.99% 3.36% 3.08% 2.83% 2.46% 2.80% 2.81% 2.97% 3.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.06% 3.99% 3.36% 3.08% 2.83% 2.46% 2.80% 2.81% 2.97% 3.39%
Return on Net Nonoperating Assets (RNNOA)		 11.47% 12.02% 12.38% 11.06% 10.15% 8.92% 10.67% 10.14% 9.84% 11.77%
Return on Equity (ROE)		 15.53% 16.01% 15.74% 14.14% 12.98% 11.38% 13.47% 12.95% 12.81% 15.16%
Cash Return on Invested Capital (CROIC)		 17.39% 24.46% 5.21% -2.41% -0.21% -10.67% 10.43% 9.28% -6.60% -5.49%
Operating Return on Assets (OROA)		 1.64% 1.61% 1.44% 1.31% 1.13% 0.97% 1.39% 1.43% 1.51% 1.74%
Return on Assets (ROA)		 1.24% 1.22% 1.09% 1.00% 0.92% 0.84% 1.06% 1.09% 1.16% 1.39%
Return on Common Equity (ROCE)		 12.20% 12.62% 12.03% 10.69% 9.60% 8.61% 10.33% 10.02% 10.04% 12.04%
Return on Equity Simple (ROE_SIMPLE)		 18.34% 0.00% 20.32% 18.53% 15.85% 0.00% 11.38% 11.07% 10.90% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
NOPAT Margin		 36.73% 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53%
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%
SG&A Expenses to Revenue		 33.76% 35.13% 39.58% 41.24% 47.26% 41.35% 39.89% 38.49% 39.08% 35.84%
Operating Expenses to Revenue		 51.33% 52.74% 58.76% 63.68% 69.97% 73.22% 62.07% 62.75% 62.00% 56.75%
Earnings before Interest and Taxes (EBIT)		 2,677 2,598 2,110 1,691 1,383 1,194 1,798 1,747 1,842 2,305
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,291 3,122 2,607 2,223 1,938 1,778 2,361 2,320 2,405 2,847
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 4.93 5.58 3.47 3.62 3.43 3.88 3.94 3.86 3.11 3.45
Price to Tangible Book Value (P/TBV)		 22.46 24.44 14.38 13.52 11.88 10.66 9.96 9.06 6.49 6.93
Price to Revenue (P/Rev)		 6.60 7.23 4.44 4.87 4.93 6.54 7.09 7.26 6.31 6.89
Price to Earnings (P/E)		 21.05 22.62 13.66 15.78 17.69 26.49 29.97 30.46 25.21 24.65
Dividend Yield		 1.15% 1.32% 2.17% 2.09% 2.21% 1.48% 1.39% 1.36% 1.55% 1.36%
Earnings Yield		 4.75% 4.42% 7.32% 6.34% 5.65% 3.77% 3.34% 3.28% 3.97% 4.06%
Enterprise Value to Invested Capital (EV/IC)		 1.09 1.24 0.93 1.00 1.10 1.08 1.22 1.29 1.06 1.07
Enterprise Value to Revenue (EV/Rev)		 9.16 9.98 8.65 9.33 9.68 11.03 12.01 12.60 10.87 11.42
Enterprise Value to EBITDA (EV/EBITDA)		 15.53 17.26 15.29 17.23 19.45 24.30 26.71 27.76 22.97 22.55
Enterprise Value to EBIT (EV/EBIT)		 20.75 22.08 18.98 21.34 24.72 32.56 36.55 38.08 30.94 29.11
Enterprise Value to NOPAT (EV/NOPAT)		 26.91 28.86 24.83 28.14 32.12 40.99 45.94 47.92 39.56 37.69
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.66 100.78 20.88 16.83 0.00 10.60 26.20 24.73 6.07 83.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.82 4.55 17.79 0.00 0.00 0.00 11.24 13.43 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 3.55 3.57 4.41 4.20 3.63 3.67 3.28 3.11 3.07 3.31
Long-Term Debt to Equity		 0.56 0.91 1.81 1.71 1.50 1.28 1.11 1.07 0.95 0.81
Financial Leverage		 2.83 3.02 3.69 3.59 3.59 3.63 3.80 3.61 3.32 3.48
Leverage Ratio		 12.54 13.13 14.41 14.07 14.07 13.47 12.75 11.85 11.07 10.89
Compound Leverage Factor		 12.54 13.13 14.41 14.07 14.07 13.47 12.75 11.85 11.07 10.89
Debt to Total Capital		 78.00% 78.11% 81.51% 80.78% 78.38% 78.61% 76.66% 75.68% 75.41% 76.79%
Short-Term Debt to Total Capital		 65.63% 58.25% 48.13% 47.93% 45.99% 51.18% 50.86% 49.77% 51.95% 58.01%
Long-Term Debt to Total Capital		 12.38% 19.86% 33.38% 32.85% 32.39% 27.43% 25.79% 25.92% 23.46% 18.78%
Preferred Equity to Total Capital		 6.11% 5.80% 4.68% 4.76% 5.26% 4.80% 5.06% 5.08% 4.79% 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%
Common Equity to Total Capital		 15.88% 16.07% 13.81% 14.47% 16.36% 16.59% 18.28% 19.23% 19.80% 18.80%
Debt to EBITDA		 11.16 10.88 13.37 13.88 13.85 17.61 16.78 16.29 16.34 16.11
Net Debt to EBITDA		 3.46 3.95 6.68 7.42 8.61 8.82 9.83 10.69 8.61 8.03
Long-Term Debt to EBITDA		 1.77 2.77 5.47 5.65 5.72 6.15 5.65 5.58 5.08 3.94
Debt to NOPAT		 19.33 18.19 21.70 22.67 22.87 29.71 28.86 28.13 28.13 26.93
Net Debt to NOPAT		 6.00 6.61 10.84 12.11 14.21 14.87 16.91 18.45 14.82 13.42
Long-Term Debt to NOPAT		 3.07 4.63 8.89 9.22 9.45 10.37 9.71 9.63 8.75 6.59
Noncontrolling Interest Sharing Ratio		 21.46% 21.19% 23.55% 24.35% 26.04% 24.39% 23.34% 22.67% 21.63% 20.58%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 26,647 40,395 4,528 -10,106 -5,233 -23,154 16,262 13,823 -15,851 -15,084
Operating Cash Flow to CapEx		 3,902.59% -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%
Free Cash Flow to Firm to Interest Expense		 61.83 49.75 3.63 -5.57 -2.92 0.00 9.52 8.33 -9.29 -11.43
Operating Cash Flow to Interest Expense		 21.01 -2.59 7.85 -2.88 -2.80 0.00 -0.79 -2.56 11.19 -8.20
Operating Cash Flow Less CapEx to Interest Expense		 20.47 -2.84 7.70 -2.99 -2.93 0.00 -0.88 -2.60 11.11 -8.39
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 5.83 5.80 5.88 5.65 5.36 5.09 5.06 5.19 5.30 5.58
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 168,397 167,274 196,587 193,255 174,755 191,473 181,687 180,764 192,014 208,397
Invested Capital Turnover		 0.11 0.11 0.11 0.11 0.12 0.11 0.10 0.10 0.10 0.10
Increase / (Decrease) in Invested Capital		 -24,627 -38,427 -2,925 11,400 6,358 24,199 -14,900 -12,491 17,259 16,924
Enterprise Value (EV)		 182,882 207,304 183,356 193,714 192,406 207,687 221,699 233,097 203,623 223,940
Market Capitalization		 131,833 150,110 94,124 101,149 98,071 123,154 130,890 134,182 118,154 135,031
Book Value per Share		 $14.10 $14.40 $14.74 $15.36 $15.70 $17.43 $18.20 $19.01 $20.79 $21.41
Tangible Book Value per Share		 $3.09 $3.29 $3.55 $4.11 $4.53 $6.34 $7.20 $8.10 $9.95 $10.65
Total Capital		 168,397 167,274 196,587 193,255 174,755 191,473 181,687 180,764 192,014 208,397
Total Debt		 131,356 130,666 160,240 156,108 136,971 150,515 139,275 136,811 144,799 160,022
Total Long-Term Debt		 20,844 33,228 65,616 63,482 56,603 52,528 46,865 46,849 45,042 39,128
Net Debt		 40,752 47,488 80,041 83,374 85,144 75,342 81,618 89,724 76,278 79,718
Capital Expenditures (CapEx)		 232 202 187 211 239 167 149 65 152 254
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 131,356 130,666 160,240 156,108 136,971 150,515 139,275 136,811 144,799 160,022
Total Depreciation and Amortization (D&A)		 614 524 497 532 555 584 563 573 563 542
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.00 $0.98 $0.84 $0.64 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94
Adjusted Weighted Average Basic Shares Outstanding		 1.89B 1.89B 1.83B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B
Adjusted Diluted Earnings per Share		 $0.99 $0.97 $0.83 $0.64 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94
Adjusted Weighted Average Diluted Shares Outstanding		 1.90B 1.89B 1.84B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.87B 1.84B 1.82B 1.82B 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B
Normalized Net Operating Profit after Tax (NOPAT)		 2,020 1,968 1,603 1,294 1,125 1,045 1,362 1,332 1,408 1,840
Normalized NOPAT Margin		 36.73% 35.80% 31.33% 27.79% 24.42% 23.44% 28.73% 28.40% 29.05% 34.53%
Pre Tax Income Margin		 48.67% 47.26% 41.24% 36.32% 30.03% 26.78% 37.93% 37.25% 38.00% 43.25%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.21 3.20 1.69 0.93 0.77 0.00 1.05 1.05 1.08 1.75
NOPAT to Interest Expense		 4.69 2.42 1.29 0.71 0.63 0.00 0.80 0.80 0.83 1.39
EBIT Less CapEx to Interest Expense		 5.67 2.95 1.54 0.82 0.64 0.00 0.97 1.01 0.99 1.55
NOPAT Less CapEx to Interest Expense		 4.15 2.17 1.14 0.60 0.49 0.00 0.71 0.76 0.74 1.20
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 29.61% 29.37% 29.37% 32.42% 37.63% 44.92% 47.04% 46.69% 44.16% 38.29%
Augmented Payout Ratio		 51.02% 76.64% 113.84% 123.01% 117.46% 101.01% 47.04% 46.69% 44.16% 38.29%

Key Financial Trends

Charles Schwab’s Q4 2024 results showed robust top-line and earnings growth, improved profitability ratios, but ongoing negative operating and free cash flow that investors should monitor.

  • Total revenue rose to $5.33 billion in Q4 2024, up 9.9% sequentially and 19.5% year-over-year, driven by higher interest and non-interest income.
  • Net income climbed to $1.84 billion in Q4 2024, a 31.3% increase from Q3 and a 76% jump year-over-year.
  • Diluted EPS reached $0.94 in Q4 2024, up from $0.51 in Q4 2023, representing an 84% year-over-year gain.
  • Non-interest expense fell to $3.02 billion in Q4 2024 versus $3.27 billion a year earlier, indicating improved cost efficiency.
  • Return on equity (ROE) improved to 15.2% in Q4 2024 versus 11.4% in Q4 2023, reflecting stronger profitability on shareholders’ capital.
  • Net interest income stabilized at $2.53 billion in Q4 2024, roughly flat sequentially despite a rising rate environment.
  • Cash from operations was negative $10.8 billion in Q4 2024, down from positive $20.0 billion in Q4 2023, driven by working capital swings.
  • Free cash flow to the firm remained negative $15.1 billion in Q4 2024, reflecting elevated capital requirements and deposit outflows.
  • Short-term debt increased to $120.9 billion at year-end 2024 from $97.9 billion a year earlier, raising leverage and liquidity pressure.
  • Total assets edged down to $479.8 billion in Q4 2024 from $493.2 billion in Q4 2023, driven by a decline in trading account securities.
06/22/25 09:09 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 9 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 $1.45 billion in 2015. The previous period was $5.07 billion in 2023. View Charles Schwab's forecast to see where analysts expect Charles Schwab to go next.

How has Charles Schwab's revenue changed over the last 9 years?

Over the last 9 years, Charles Schwab's total revenue changed from $6.38 billion in 2015 to $19.61 billion in 2024, a change of 207.3%.

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 153.4% increase since 2015.

How much cash does Charles Schwab have?

In the past 9 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 9 years?

Over the last 9 years, Charles Schwab's book value per share changed from 9.07 in 2015 to 21.41 in 2024, a change of 136.0%.


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This page (NYSE:SCHW) was last updated on 6/22/2025 by MarketBeat.com Staff
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