Charles Schwab (SCHW) Financials

$94.37 -0.23 (-0.24%)

Closing price 03:59 PM Eastern

Extended Trading

$94.49 +0.12 (+0.13%)

As of 07:56 PM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Charles Schwab (NYSE:SCHW) has demonstrated solid financial performance with several positive trends over the past four years, supported by its Q2 2025 quarterly results and prior data.

Consolidated net income is trending upwards, with Q2 2025 reporting $2.13 billion, up from $1.61 billion in Q1 2023 and $1.85 billion in Q4 2024, indicating growing profitability.
Net interest income increased to $2.82 billion in Q2 2025 from $2.27 billion in Q1 2023, showing enhanced earnings from core banking activities.
Total revenue rose to $5.85 billion in Q2 2025 compared to $4.71 billion in Q1 2023, reflecting growth in net interest income and other non-interest income.
Non-interest income, driven by fees and commissions, improved to $3.03 billion in Q2 2025 from $2.51 billion in Q1 2023, signaling diversified revenue streams.
Strong net cash from operating activities of $3.18 billion in Q2 2025 contributes to operational strength and liquidity.
Investing activities showed $9.08 billion net cash inflow in Q2 2025, supported by significant investment security sales exceeding purchases, indicating effective asset management.
Despite net financing cash outflows of $18.66 billion in Q2 2025, the company manages debt issuance and repayments actively, signaling prudent capital management.
Total assets remain stable around $450-$550 billion, ensuring substantial operational scale.
Total equity is consistent near $44-$49 billion, maintaining steady capital base despite market fluctuations.
Common equity and goodwill remain stable, reflecting ongoing acquisition and equity strategies.
Net change in deposits declined significantly in recent quarters, with a $13.1 billion decrease in Q2 2025 and similar decreases seen earlier, possibly impacting funding costs and business growth.
Repayment of debt exceeded issuance consistently, leading to large net financing outflows; while this reduces leverage, it may limit expansion capacity.
Non-interest expenses have generally increased, with total non-interest expense at $3.05 billion in Q2 2025 versus $2.94 billion in Q1 2023, which could pressure margins if not matched by revenue growth.
There has been consistent repurchase of common equity, including $333 million in Q2 2025, which may signal return of capital to shareholders but also reduces cash reserves.

Summary: Charles Schwab is growing its profitability and revenues, supported by solid net interest and non-interest income growth. Cash flows from operations and investing are robust, underpinning financial strength. However, declining deposits and increasing expenses suggest caution, with potential impacts on liquidity and margins. The company’s active debt management and shareholder return policies reflect a balanced but cautious capital strategy.

10/25/25 12:22 AM ETAI 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. Check out Charles Schwab's forecast to explore projected trends and price targets.

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 10/24/2025 by MarketBeat.com Staff

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Charles Schwab (SCHW) Financials

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Charles Schwab (SCHW) Financials

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