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Charles Schwab (SCHW) Financials

Charles Schwab logo
$91.13 +0.95 (+1.05%)
Closing price 05/13/2026 03:59 PM Eastern
Extended Trading
$91.00 -0.13 (-0.14%)
As of 08:08 AM 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 Massive. 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 2025
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 12/31/2025
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 8,417
Consolidated Net Income / (Loss)		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942 8,852
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 8,852
Total Pre-Tax Income 		2,279 2,993 3,650 4,562 4,848 4,300 7,713 9,388 6,378 7,692 11,459
Total Revenue		 6,380 7,478 8,618 10,132 10,721 11,691 18,520 20,762 18,837 19,606 23,921
Net Interest Income / (Expense)		 2,525 3,322 4,282 5,823 6,516 6,113 8,030 10,682 9,427 9,144 11,750
Total Interest Income		 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 9,427 15,537 15,504
Investment Securities Interest Income		 2,657 3,493 4,624 6,680 7,580 6,531 8,506 12,227 16,111 15,537 15,504
Total Interest Expense		 132 171 342 857 1,064 418 476 1,545 0.00 6,393 3,754
Long-Term Debt Interest Expense		 132 171 342 857 1,064 418 476 1,545 - 6,393 3,754
Total Non-Interest Income		 3,855 4,156 4,336 4,309 4,205 5,578 10,490 10,080 9,410 10,462 12,171
Other Non-Interest Income		 866 3,880 4,046 4,131 3,963 5,246 10,490 10,080 9,410 10,462 12,171
Total Non-Interest Expense		 4,101 4,485 4,968 5,570 5,873 7,391 10,807 11,374 12,459 11,914 12,462
Salaries and Employee Benefits		 2,241 2,466 2,737 3,057 3,320 3,954 5,450 5,936 6,315 6,043 6,491
Net Occupancy & Equipment Expense		 353 398 436 496 559 703 976 1,175 1,254 1,060 1,117
Marketing Expense		 249 265 268 313 307 326 485 419 397 397 420
Other Operating Expenses		 1,034 1,122 1,258 1,398 1,338 1,804 2,732 2,596 3,155 2,979 3,072
Depreciation Expense		 224 234 269 277 322 414 549 652 804 916 850
Amortization Expense		 - - - 29 27 190 615 596 534 519 512
Income Tax Expense		 832 1,104 1,296 1,055 1,144 1,001 1,858 2,205 1,311 1,750 2,607
Preferred Stock Dividends Declared		 83 143 174 178 178 256 495 548 418 464 435
Basic Earnings per Share		 $1.04 $1.32 $1.63 $2.47 $2.69 $2.13 $2.84 $3.52 $2.55 $3.00 $4.67
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 1.80B
Diluted Earnings per Share		 $1.03 $1.31 $1.61 $2.45 $2.67 $2.12 $2.83 $3.50 $2.54 $2.99 $4.65
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 1.81B
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 1.75B
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 $1.08

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,017 926 1,251 1,211 1,299 1,717 1,796 1,977 2,277 2,367 2,397
Consolidated Net Income / (Loss)		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 2,459 2,479
Net Income / (Loss) Continuing Operations		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 2,459 2,479
Total Pre-Tax Income 		1,383 1,194 1,798 1,747 1,842 2,305 2,455 2,803 3,021 3,180 3,188
Total Revenue		 4,606 4,459 4,740 4,690 4,847 5,329 5,599 5,851 6,135 6,336 6,482
Net Interest Income / (Expense)		 2,237 2,130 2,233 2,158 2,222 2,531 2,706 2,822 3,050 3,172 3,144
Total Interest Income		 4,028 -2,721 2,233 2,158 2,222 3,851 3,757 3,787 3,956 4,004 3,962
Investment Securities Interest Income		 4,028 3,963 3,941 3,817 3,928 3,851 3,757 3,787 3,956 4,004 3,962
Total Interest Expense		 1,791 -4,851 0.00 0.00 0.00 1,320 1,051 965 906 832 818
Long-Term Debt Interest Expense		 1,791 - - - - 1,320 1,051 965 906 832 818
Total Non-Interest Income		 2,369 2,329 2,507 2,532 2,625 2,798 2,893 3,029 3,085 3,164 3,338
Other Non-Interest Income		 2,369 2,329 2,507 2,532 2,625 2,798 2,893 3,029 3,085 3,164 3,338
Total Non-Interest Expense		 3,223 3,265 2,942 2,943 3,005 3,024 3,144 3,048 3,114 3,156 3,294
Salaries and Employee Benefits		 1,770 1,409 1,538 1,450 1,522 1,533 1,672 1,536 1,653 1,630 1,812
Net Occupancy & Equipment Expense		 305 331 265 248 271 276 274 270 280 293 285
Marketing Expense		 102 104 88 107 101 101 96 108 101 115 101
Other Operating Expenses		 713 1,053 693 776 750 760 755 791 741 785 763
Depreciation Expense		 198 238 228 233 231 224 217 215 212 206 201
Amortization Expense		 135 130 130 129 130 130 130 128 127 127 132
Income Tax Expense		 258 149 436 415 434 465 546 677 663 721 709
Preferred Stock Dividends Declared		 108 119 111 121 109 123 113 149 81 92 82
Basic Earnings per Share		 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94 $0.99 $1.09 $1.26 $1.33 $1.37
Weighted Average Basic Shares Outstanding		 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B 1.81B 1.80B 1.75B
Diluted Earnings per Share		 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94 $0.99 $1.08 $1.26 $1.32 $1.37
Weighted Average Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B 1.81B 1.81B 1.75B
Weighted Average Basic & Diluted Shares Outstanding		 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B 1.82B 1.82B 1.78B 1.75B 1.74B
Cash Dividends to Common per Share		 $0.25 - $0.25 - - - $0.27 - - - $0.32

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 615 -209 1,287 19,067 7,350 24,983 22,778 -34,618 15,753 -8,959 4,147
Net Cash From Operating Activities		 1,246 3,603 -839 12,456 9,325 6,852 2,118 2,057 19,587 2,670 9,311
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 9,311
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 8,852
Consolidated Net Income / (Loss)		 1,447 1,889 2,354 3,507 3,704 3,299 5,855 7,183 5,067 5,942 8,852
Depreciation Expense		 224 234 269 277 322 414 549 652 804 916 850
Amortization Expense		 162 266 342 379 473 1,776 2,961 1,971 1,364 1,325 1,207
Non-Cash Adjustments to Reconcile Net Income		 124 160 262 334 384 415 679 838 544 698 1,407
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 -3,005
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 24,538
Net Cash From Continuing Investing Activities		 -28,623 -38,775 -20,473 -40,555 11,964 -125,851 -75,663 32,048 57,411 35,431 24,538
Purchase of Property, Leasehold Improvements and Equipment		 -266 -346 -400 -570 -708 -631 -916 -971 -700 -620 -548
Purchase of Investment Securities		 -41,669 -61,704 -49,518 -73,959 -53,069 -208,048 -182,965 -57,557 -3,765 -9,179 -23,788
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 48,874
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 -29,702
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 -29,702
Net Change in Deposits		 26,687 33,952 6,186 61,767 -11,329 137,928 85,756 -77,054 -76,771 -30,832 -3,374
Issuance of Debt		 1,346 0.00 17,129 3,024 1,993 4,304 18,143 36,366 72,297 50,018 67,392
Repayment of Debt		 -357 -7.00 -257 -15,963 -1,400 -1,934 -8,077 -22,240 -51,135 -63,954 -81,642
Repurchase of Preferred Equity		 0.00 0.00 -485 - 0.00 0.00 -600 -1,000 -467 0.00 -2,458
Repurchase of Common Equity		 - 0.00 0.00 -1,000 -2,220 0.00 0.00 -3,395 -2,842 0.00 -7,346
Payment of Dividends		 -387 -486 -592 -787 -1,060 -1,280 -1,822 -2,110 -2,276 -2,275 -2,329
Other Financing Activities, Net		 122 188 126 125 77 24 117 -30 -51 -17 55
Cash Interest Paid		 121 160 327 798 1,075 434 501 1,355 5,623 6,655 4,557

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -14,200 29,566 -16,800 -10,558 19,888 -1,489 -3,533 -6,412 -704 14,796 3,619
Net Cash From Operating Activities		 -5,011 20,037 -1,349 -4,252 19,098 -10,827 6,359 3,177 538 -763 7,342
Net Cash From Continuing Operating Activities		 -5,011 20,037 -1,349 -4,252 19,098 -10,827 6,359 3,177 538 -763 7,342
Net Income / (Loss) Continuing Operations		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 2,459 2,479
Consolidated Net Income / (Loss)		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 2,459 2,479
Depreciation Expense		 198 238 228 233 231 224 217 215 212 206 201
Amortization Expense		 357 346 335 340 332 318 308 301 300 298 306
Non-Cash Adjustments to Reconcile Net Income		 180 -112 198 133 143 224 235 242 704 226 311
Changes in Operating Assets and Liabilities, net		 -6,871 18,520 -3,472 -6,290 16,984 -13,433 3,690 293 -3,036 -3,952 4,045
Net Cash From Investing Activities		 18,533 9,682 9,475 9,706 8,516 7,734 10,470 9,076 6,143 -1,151 -10
Net Cash From Continuing Investing Activities		 18,533 9,578 9,502 9,730 8,492 7,734 10,470 9,076 6,143 -1,151 -10
Purchase of Property, Leasehold Improvements and Equipment		 -239 -167 -122 -65 -152 -254 -117 -128 -145 -158 -140
Purchase of Investment Securities		 -1,277 -1,149 -1,207 -2,516 -2,618 -2,838 -3,661 -4,341 -4,712 -11,074 -6,661
Sale and/or Maturity of Investments		 20,049 10,894 10,831 12,311 11,262 10,826 14,248 13,545 11,000 10,081 6,791
Net Cash From Financing Activities		 -27,722 -153 -24,926 -16,012 -7,726 1,604 -20,362 -18,665 -7,385 16,710 -3,713
Net Cash From Continuing Financing Activities		 -27,722 -153 -24,926 -16,012 -7,726 1,604 -20,362 -18,665 -7,385 16,710 -3,713
Net Change in Deposits		 -20,006 5,545 -20,493 -17,040 -5,958 12,659 -12,961 -13,102 5,999 16,690 -2,706
Issuance of Debt		 11,007 11,498 9,050 14,017 15,159 11,792 13,498 14,861 15,929 23,104 17,137
Repayment of Debt		 -18,165 -16,616 -12,858 -12,436 -16,368 -22,292 -18,755 -17,088 -26,033 -19,766 -15,052
Repurchase of Common Equity		 - - 0.00 - - - -1,500 -333 -2,748 -2,765 -2,378
Payment of Dividends		 -561 -573 -562 -575 -563 -575 -595 -608 -562 -564 -632
Other Financing Activities, Net		 3.00 -7.00 -63 22 4.00 20 -49 63 30 11 -82
Cash Interest Paid		 1,716 1,772 1,957 1,611 1,645 1,442 1,193 1,304 1,075 985 778
Cash Income Taxes Paid		 367 377 41 1,026 246 178 41 777 137 - 92

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 2025
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 12/31/2025
Total Assets		 183,705 223,383 243,274 296,482 294,005 549,009 667,270 551,772 493,178 479,843 490,995
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 46,030
Restricted Cash		 19,598 22,174 15,139 13,563 20,483 50,399 53,949 42,983 31,836 38,221 42,931
Trading Account Securities		 116,186 153,017 171,460 210,587 196,128 337,400 390,054 320,945 267,098 229,447 196,326
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 57,955
Loans and Leases		 14,334 - - 16,609 - 23,813 34,636 40,505 40,439 45,215 57,955
Customer and Other Receivables		 17,895 17,155 20,576 21,651 21,767 64,440 90,565 66,591 68,667 87,814 104,660
Premises and Equipment, Net		 1,145 1,299 1,471 1,769 2,128 2,883 3,442 3,714 3,690 3,338 3,091
Goodwill		 1,227 1,227 1,227 1,227 1,227 11,952 11,952 11,951 11,951 11,951 11,951
Intangible Assets		 181 144 - - 128 9,991 9,379 8,789 8,260 7,743 7,233
Other Assets		 1,161 2,136 2,706 3,138 22,799 7,783 10,318 16,099 17,900 14,031 20,818
Total Liabilities & Shareholders' Equity		 183,705 223,383 243,274 296,482 294,005 549,009 667,270 551,772 493,178 479,843 490,995
Total Liabilities		 170,303 206,962 224,749 275,812 272,260 492,949 611,009 515,164 452,220 431,468 441,570
Non-Interest Bearing Deposits		 129,502 163,454 169,656 231,423 220,094 358,022 443,778 366,724 289,953 259,121 255,747
Short-Term Debt		 35,773 38,301 47,530 32,726 39,220 104,201 130,526 97,438 97,987 120,894 148,943
Accrued Interest Payable		 2,151 - - - 5,516 17,094 - - 11,752 12,325 12,831
Long-Term Debt		 2,877 2,876 4,753 6,878 7,430 13,632 18,914 33,228 52,528 39,128 24,049
Total Equity & Noncontrolling Interests		 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375 49,425
Total Preferred & Common Equity		 13,402 16,421 18,525 20,670 21,745 56,060 56,261 36,608 40,958 48,375 49,425
Preferred Stock		 1,459 2,783 2,793 2,793 2,793 7,733 9,954 9,706 9,191 9,191 6,763
Total Common Equity		 11,943 13,638 15,732 17,877 18,952 48,327 46,307 26,881 31,767 39,184 42,662
Common Stock		 4,167 4,282 4,368 4,514 4,671 26,536 26,762 27,075 27,351 27,660 28,017
Retained Earnings		 11,253 12,649 14,408 17,329 19,960 21,975 25,992 31,066 33,901 37,568 44,065
Treasury Stock		 -3,343 -3,130 -2,892 -3,714 -5,767 -5,578 -5,338 -8,639 -11,354 -11,196 -18,437
Accumulated Other Comprehensive Income / (Loss)		 -134 -163 -152 -252 88 5,394 -1,109 -22,621 -18,131 -14,848 -10,983

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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 9/30/2025 3/31/2026
Total Assets		 511,505 475,204 493,178 468,784 449,675 466,055 479,843 462,903 458,936 465,255 493,319
Cash and Due from Banks		 47,651 33,251 43,337 31,752 25,350 34,850 42,083 35,009 32,195 30,572 44,975
Restricted Cash		 25,083 18,576 31,836 25,905 21,737 33,671 38,221 38,408 45,568 47,754 39,778
Trading Account Securities		 292,097 272,724 267,098 257,457 246,741 239,880 229,447 218,643 207,296 199,001 192,761
Loans and Leases, Net of Allowance		 40,061 40,327 40,439 40,783 42,182 43,311 45,215 47,121 50,405 53,570 60,872
Loans and Leases		 40,061 40,327 40,439 40,783 42,182 43,311 45,215 47,121 50,405 53,570 60,872
Customer and Other Receivables		 65,162 69,062 68,667 71,169 72,836 74,016 85,374 87,387 87,089 93,788 106,211
Premises and Equipment, Net		 3,686 3,730 3,690 3,584 3,436 3,340 3,338 3,276 3,197 3,136 3,065
Goodwill		 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 11,951 12,298
Intangible Assets		 8,524 8,390 8,260 8,131 8,003 7,873 7,743 7,615 7,487 7,360 7,413
Other Assets		 17,290 17,193 17,900 18,052 17,439 17,163 16,471 13,493 13,748 18,123 25,946
Total Liabilities & Shareholders' Equity		 511,505 475,204 493,178 468,784 449,675 466,055 479,843 462,903 458,936 465,255 493,319
Total Liabilities		 474,358 437,420 452,220 426,372 405,722 418,840 431,468 413,392 409,485 415,871 444,085
Non-Interest Bearing Deposits		 304,414 284,408 289,953 269,460 252,420 246,462 259,121 246,160 233,058 239,057 253,041
Short-Term Debt		 92,626 80,368 97,987 92,410 89,962 99,757 120,894 123,250 136,411 144,345 158,579
Accrued Interest Payable		 13,836 16,041 11,752 17,637 16,491 27,579 12,325 11,011 10,808 11,420 11,979
Long-Term Debt		 63,482 56,603 52,528 46,865 46,849 45,042 39,128 32,971 29,208 21,049 20,486
Total Equity & Noncontrolling Interests		 37,147 37,784 40,958 42,412 43,953 47,215 48,375 49,511 49,451 49,384 49,234
Total Preferred & Common Equity		 37,147 37,784 40,958 42,412 43,953 47,215 48,375 49,511 49,451 49,384 49,234
Preferred Stock		 9,191 9,191 9,191 9,191 9,191 9,191 9,191 9,191 6,763 6,763 6,763
Total Common Equity		 27,956 28,593 31,767 33,221 34,762 38,024 39,184 40,320 42,688 42,621 42,471
Common Stock		 27,241 27,314 27,351 27,379 27,491 27,569 27,660 27,685 27,834 27,931 28,068
Retained Earnings		 32,865 33,429 33,901 34,701 35,458 36,303 37,568 38,882 40,374 42,170 45,912
Treasury Stock		 -11,420 -11,398 -11,354 -11,283 -11,251 -11,230 -11,196 -12,626 -12,929 -15,682 -20,752
Accumulated Other Comprehensive Income / (Loss)		 -20,730 -20,752 -18,131 -17,576 -16,936 -14,618 -14,848 -13,621 -12,591 -11,798 -10,757

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $4.67
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 1.80B
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 $4.65
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 1.81B
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 $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 1.75B
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 1,752,210,425.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,752,210,425.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.41
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -16.25% -18.88% -7.35% 0.73% 5.23% 19.51% 18.12% 24.75% 26.57% - 15.77%
EBITDA Growth		 -41.11% -43.05% -9.44% 4.36% 24.10% 60.12% 26.22% 43.06% 46.90% - 23.99%
EBIT Growth		 -48.34% -54.04% -14.79% 3.31% 33.19% 93.05% 36.54% 60.45% 64.01% - 29.86%
NOPAT Growth		 -44.31% -46.90% -15.03% 2.94% 25.16% 76.08% 40.16% 59.61% 67.47% - 29.86%
Net Income Growth		 -44.31% -46.90% -15.03% 2.94% 25.16% 76.08% 40.16% 59.61% 67.47% - 29.86%
EPS Growth		 -43.43% -47.42% -18.07% 3.13% 26.79% 84.31% 45.59% 63.64% 77.46% - 38.38%
Operating Cash Flow Growth		 -155.35% 1,050.97% -113.80% 18.48% 481.12% -154.04% 571.39% 174.72% -97.18% - 15.46%
Free Cash Flow Firm Growth		 -119.64% -157.32% 259.14% 236.78% -202.90% 34.85% -236.12% -332.80% -28.74% - 9.25%
Invested Capital Growth		 3.78% 14.47% -7.58% -6.46% 9.88% 8.84% 13.23% 18.98% 11.86% - 10.97%
Revenue Q/Q Growth		 -1.07% -3.19% 6.30% -1.05% 3.35% 9.94% 5.07% 4.50% 4.85% - 2.30%
EBITDA Q/Q Growth		 -12.82% -8.26% 32.79% -1.74% 3.66% 18.38% 4.67% 11.38% 6.45% - 0.30%
EBIT Q/Q Growth		 -18.21% -13.67% 50.59% -2.84% 5.44% 25.14% 6.51% 14.18% 7.78% - 0.25%
NOPAT Q/Q Growth		 -13.06% -7.11% 30.33% -2.20% 5.71% 30.68% 3.75% 11.37% 10.91% - 0.81%
Net Income Q/Q Growth		 -13.06% -7.11% 30.33% -2.20% 5.71% 30.68% 3.75% 11.37% 10.91% - 0.81%
EPS Q/Q Growth		 -12.50% -8.93% 33.33% -2.94% 7.58% 32.39% 5.32% 9.09% 16.67% - 3.79%
Operating Cash Flow Q/Q Growth		 3.93% 499.86% -106.73% -215.20% 549.15% -156.69% 158.73% -50.04% -83.07% - 1,062.25%
Free Cash Flow Firm Q/Q Growth		 48.22% -342.46% 198.52% -15.00% -214.67% 4.84% -46.75% -45.37% 36.59% - -73.76%
Invested Capital Q/Q Growth		 -9.57% 9.57% -1.70% -0.51% 6.22% 8.53% -1.28% 4.54% -0.14% - 2.64%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.08% 39.87% 49.81% 49.47% 49.62% 53.42% 53.22% 56.73% 57.59% - 57.00%
EBIT Margin		 30.03% 26.78% 37.93% 37.25% 38.00% 43.25% 43.85% 47.91% 49.24% - 49.18%
Profit (Net Income) Margin		 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34% 38.44% - 38.24%
Tax Burden Percent		 81.34% 87.52% 75.75% 76.25% 76.44% 79.83% 77.76% 75.85% 78.05% - 77.76%
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		 18.66% 12.48% 24.25% 23.76% 23.56% 20.17% 22.24% 24.15% 21.95% - 22.24%
Return on Invested Capital (ROIC)		 2.83% 2.46% 2.80% 2.81% 2.97% 3.39% 3.60% 3.97% 4.33% - 4.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.83% 2.46% 2.80% 2.81% 2.97% 3.39% 3.60% 3.97% 4.33% - 4.37%
Return on Net Nonoperating Assets (RNNOA)		 10.15% 8.92% 10.67% 10.14% 9.84% 11.77% 11.58% 12.86% 13.90% - 14.84%
Return on Equity (ROE)		 12.98% 11.38% 13.47% 12.95% 12.81% 15.16% 15.18% 16.83% 18.23% - 19.21%
Cash Return on Invested Capital (CROIC)		 -0.21% -10.67% 10.43% 9.28% -6.60% -5.49% -9.06% -13.65% -7.14% - -6.06%
Operating Return on Assets (OROA)		 1.13% 0.97% 1.39% 1.43% 1.51% 1.74% 1.93% 2.28% 2.42% - 2.55%
Return on Assets (ROA)		 0.92% 0.84% 1.06% 1.09% 1.16% 1.39% 1.50% 1.73% 1.89% - 1.98%
Return on Common Equity (ROCE)		 9.60% 8.61% 10.33% 10.02% 10.04% 12.04% 12.15% 13.95% 15.22% - 16.11%
Return on Equity Simple (ROE_SIMPLE)		 15.85% 0.00% 11.38% 11.07% 10.90% 0.00% 13.11% 14.73% 16.67% - 19.14%
Net Operating Profit after Tax (NOPAT)		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 - 2,479
NOPAT Margin		 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34% 38.44% - 38.24%
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		 47.26% 41.35% 39.89% 38.49% 39.08% 35.84% 36.47% 32.71% 33.15% - 33.91%
Operating Expenses to Revenue		 69.97% 73.22% 62.07% 62.75% 62.00% 56.75% 56.15% 52.09% 50.76% - 50.82%
Earnings before Interest and Taxes (EBIT)		 1,383 1,194 1,798 1,747 1,842 2,305 2,455 2,803 3,021 - 3,188
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,938 1,778 2,361 2,320 2,405 2,847 2,980 3,319 3,533 - 3,695
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.43 3.88 3.94 3.86 3.11 3.45 3.51 3.87 4.07 - 3.86
Price to Tangible Book Value (P/TBV)		 11.88 10.66 9.96 9.06 6.49 6.93 6.82 7.11 7.43 - 7.21
Price to Revenue (P/Rev)		 4.93 6.54 7.09 7.26 6.31 6.89 6.91 7.64 7.56 - 6.62
Price to Earnings (P/E)		 17.69 26.49 29.97 30.46 25.21 24.65 23.50 24.35 22.31 - 18.20
Dividend Yield		 2.21% 1.48% 1.39% 1.36% 1.55% 1.36% 1.31% 1.14% 1.11% - 1.21%
Earnings Yield		 5.65% 3.77% 3.34% 3.28% 3.97% 4.06% 4.26% 4.11% 4.48% - 5.50%
Enterprise Value to Invested Capital (EV/IC)		 1.10 1.08 1.22 1.29 1.06 1.07 1.14 1.21 1.24 - 1.16
Enterprise Value to Revenue (EV/Rev)		 9.68 11.03 12.01 12.60 10.87 11.42 11.41 12.02 11.66 - 10.69
Enterprise Value to EBITDA (EV/EBITDA)		 19.45 24.30 26.71 27.76 22.97 22.55 22.13 22.50 21.07 - 18.63
Enterprise Value to EBIT (EV/EBIT)		 24.72 32.56 36.55 38.08 30.94 29.11 27.97 27.64 25.24 - 21.75
Enterprise Value to NOPAT (EV/NOPAT)		 32.12 40.99 45.94 47.92 39.56 37.69 35.99 35.69 32.45 - 28.14
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 10.60 26.20 24.73 6.07 83.87 22.50 14.60 0.00 - 25.76
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 11.24 13.43 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.63 3.67 3.28 3.11 3.07 3.31 3.16 3.35 3.35 - 3.64
Long-Term Debt to Equity		 1.50 1.28 1.11 1.07 0.95 0.81 0.67 0.59 0.43 - 0.42
Financial Leverage		 3.59 3.63 3.80 3.61 3.32 3.48 3.21 3.24 3.21 - 3.40
Leverage Ratio		 14.07 13.47 12.75 11.85 11.07 10.89 10.14 9.73 9.64 - 9.68
Compound Leverage Factor		 14.07 13.47 12.75 11.85 11.07 10.89 10.14 9.73 9.64 - 9.68
Debt to Total Capital		 78.38% 78.61% 76.66% 75.68% 75.41% 76.79% 75.93% 77.01% 77.01% - 78.43%
Short-Term Debt to Total Capital		 45.99% 51.18% 50.86% 49.77% 51.95% 58.01% 59.91% 63.43% 67.21% - 69.46%
Long-Term Debt to Total Capital		 32.39% 27.43% 25.79% 25.92% 23.46% 18.78% 16.03% 13.58% 9.80% - 8.97%
Preferred Equity to Total Capital		 5.26% 4.80% 5.06% 5.08% 4.79% 4.41% 4.47% 3.14% 3.15% - 2.96%
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		 16.36% 16.59% 18.28% 19.23% 19.80% 18.80% 19.60% 19.85% 19.84% - 18.60%
Debt to EBITDA		 13.85 17.61 16.78 16.29 16.34 16.11 14.80 14.34 13.04 - 12.58
Net Debt to EBITDA		 8.61 8.82 9.83 10.69 8.61 8.03 7.85 7.61 6.87 - 6.63
Long-Term Debt to EBITDA		 5.72 6.15 5.65 5.58 5.08 3.94 3.12 2.53 1.66 - 1.44
Debt to NOPAT		 22.87 29.71 28.86 28.13 28.13 26.93 24.07 22.74 20.09 - 19.01
Net Debt to NOPAT		 14.21 14.87 16.91 18.45 14.82 13.42 12.76 12.06 10.58 - 10.01
Long-Term Debt to NOPAT		 9.45 10.37 9.71 9.63 8.75 6.59 5.08 4.01 2.56 - 2.17
Noncontrolling Interest Sharing Ratio		 26.04% 24.39% 23.34% 22.67% 21.63% 20.58% 20.00% 17.08% 16.52% - 16.16%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5,233 -23,154 16,262 13,823 -15,851 -15,084 -22,136 -32,180 -20,406 - -20,088
Operating Cash Flow to CapEx		 -2,096.65% 11,998.20% -905.37% -6,541.54% 12,564.47% -4,262.60% 5,435.04% 2,482.03% 371.03% - 5,244.29%
Free Cash Flow to Firm to Interest Expense		 -2.92 0.00 9.52 8.33 -9.29 -11.43 -21.06 -33.35 -22.52 - -24.56
Operating Cash Flow to Interest Expense		 -2.80 0.00 -0.79 -2.56 11.19 -8.20 6.05 3.29 0.59 - 8.98
Operating Cash Flow Less CapEx to Interest Expense		 -2.93 0.00 -0.88 -2.60 11.11 -8.39 5.94 3.16 0.43 - 8.80
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 - 0.05
Fixed Asset Turnover		 5.36 5.09 5.06 5.19 5.30 5.58 5.97 6.52 7.08 - 7.82
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 174,755 191,473 181,687 180,764 192,014 208,397 205,732 215,070 214,778 - 228,299
Invested Capital Turnover		 0.12 0.11 0.10 0.10 0.10 0.10 0.11 0.11 0.11 - 0.11
Increase / (Decrease) in Invested Capital		 6,358 24,199 -14,900 -12,491 17,259 16,924 24,045 34,306 22,764 - 22,567
Enterprise Value (EV)		 192,406 207,687 221,699 233,097 203,623 223,940 233,507 259,933 267,130 - 265,159
Market Capitalization		 98,071 123,154 130,890 134,182 118,154 135,031 141,512 165,314 173,299 - 164,084
Book Value per Share		 $15.70 $17.43 $18.20 $19.01 $20.79 $21.41 $22.23 $23.49 $23.48 - $24.24
Tangible Book Value per Share		 $4.53 $6.34 $7.20 $8.10 $9.95 $10.65 $11.44 $12.80 $12.84 - $12.99
Total Capital		 174,755 191,473 181,687 180,764 192,014 208,397 205,732 215,070 214,778 - 228,299
Total Debt		 136,971 150,515 139,275 136,811 144,799 160,022 156,221 165,619 165,394 - 179,065
Total Long-Term Debt		 56,603 52,528 46,865 46,849 45,042 39,128 32,971 29,208 21,049 - 20,486
Net Debt		 85,144 75,342 81,618 89,724 76,278 79,718 82,804 87,856 87,068 - 94,312
Capital Expenditures (CapEx)		 239 167 149 65 152 254 117 128 145 - 140
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)		 136,971 150,515 139,275 136,811 144,799 160,022 156,221 165,619 165,394 - 179,065
Total Depreciation and Amortization (D&A)		 555 584 563 573 563 542 525 516 512 - 507
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.56 $0.51 $0.69 $0.66 $0.71 $0.94 $0.99 $1.09 $1.26 $1.33 $1.37
Adjusted Weighted Average Basic Shares Outstanding		 1.82B 1.82B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B 1.81B 1.80B 1.75B
Adjusted Diluted Earnings per Share		 $0.56 $0.51 $0.68 $0.66 $0.71 $0.94 $0.99 $1.08 $1.26 $1.32 $1.37
Adjusted Weighted Average Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.82B 1.81B 1.81B 1.75B
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		 1.82B 1.82B 1.83B 1.83B 1.83B 1.81B 1.82B 1.82B 1.78B 1.75B 1.74B
Normalized Net Operating Profit after Tax (NOPAT)		 1,125 1,045 1,362 1,332 1,408 1,840 1,909 2,126 2,358 - 2,479
Normalized NOPAT Margin		 24.42% 23.44% 28.73% 28.40% 29.05% 34.53% 34.10% 36.34% 38.44% - 38.24%
Pre Tax Income Margin		 30.03% 26.78% 37.93% 37.25% 38.00% 43.25% 43.85% 47.91% 49.24% - 49.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.77 0.00 1.05 1.05 1.08 1.75 2.34 2.90 3.33 - 3.90
NOPAT to Interest Expense		 0.63 0.00 0.80 0.80 0.83 1.39 1.82 2.20 2.60 - 3.03
EBIT Less CapEx to Interest Expense		 0.64 0.00 0.97 1.01 0.99 1.55 2.22 2.77 3.17 - 3.73
NOPAT Less CapEx to Interest Expense		 0.49 0.00 0.71 0.76 0.74 1.20 1.71 2.07 2.44 - 2.86
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.63% 44.92% 47.04% 46.69% 44.16% 38.29% 35.57% 32.14% 28.42% - 25.11%
Augmented Payout Ratio		 117.46% 101.01% 47.04% 46.69% 44.16% 38.29% 58.68% 57.31% 84.06% - 112.40%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of SCHWAB CHARLES CORP (NYSE: SCHW) covering the last four years of quarterly results. The focus is on visible trends in the income statement, cash flow, and balance sheet, with the intention of helping retail investors understand how the business has evolved.

  • Rising net interest income supports top-line growth. Net interest income increased from about $2.03B in 2022 Q4 to roughly $3.17B in 2025 Q4, reflecting an improving rate environment and broader interest income contribution.
  • Strong growth in non-interest income remains a key driver. Other non-interest income rose to about $3.16B in 2025 Q4 from roughly $2.53B in 2022 Q4, with ongoing demand for fee-based activities and services.
  • Net income attributable to common shareholders trended higher in 2025. 2025 Q4 net income attributable to common shareholders was about $2.37B, up from roughly $1.84B in 2024 Q4, signaling improving profitability alongside revenue gains.
  • Cash generation in the latest quarter shows meaningful liquidity. 2025 Q4 produced a net increase in cash and cash equivalents of about $14.8B, aided by financing activity and asset management, supporting liquidity resilience.
  • Debt financing activity remains robust, enhancing funding flexibility. Issuance of debt totaled about $23.1B in 2025 Q4 and about $15.9B in 2025 Q3, indicating continued access to capital markets to fund growth or strategic actions.
  • Revenue mix has shifted toward net interest income and non-interest income, with profitability still driven by expense management. While revenue has risen through 2025, margins depend on expense containment and funding costs.
  • Balance sheet size remains very large but broadly flat over the period. Total assets sit in a high-trajectory range (roughly $460B–$490B across quarters), with annual variations largely tied to securities, loans, and market movements.
  • Funding mix shows deposits fluctuating rather than consistently expanding. Non-interest bearing deposits were around $239B in 2025 Q3 versus about $290B at 2024 year-end, suggesting shifts in funding sources and product mix.
  • Deposit declines could signal funding headwinds. The drop in non-interest bearing deposits from late-2024 to 2025 Q3 points to a softer deposit base vs prior periods, which could affect funding stability if not offset by other sources.
  • Operating cash flow has shown volatility and occasional negative quarters. Net cash from continuing operating activities was negative in 2025 Q4 (about -$0.76B) despite other quarter positives, indicating working capital and timing effects can pressure short-term cash flow.

What this means for investors

Over the four-year span, Schwab has demonstrated an ability to grow net interest income and non-interest income, improving profitability in 2025 versus earlier years. The company’s liquidity profile remains solid, supported by sizable cash generation in some quarters and access to debt markets for funding. However, fluctuations in deposits and periodic operating cash-flow volatility highlight ongoing sensitivity to funding costs and working capital dynamics. Investors may want to watch deposits and quarterly cash flow momentum alongside revenue mix as indicators of ongoing financial health.

05/14/26 08:08 AM ETAI Generated. May Contain Errors.

Charles Schwab Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Charles Schwab's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Charles Schwab's net income appears to be on an upward trend, with a most recent value of $8.85 billion in 2025, rising from $1.45 billion in 2015. The previous period was $5.94 billion in 2024. See where experts think Charles Schwab is headed by visiting Charles Schwab's forecast page.

Over the last 10 years, Charles Schwab's total revenue changed from $6.38 billion in 2015 to $23.92 billion in 2025, a change of 274.9%.

Charles Schwab's total liabilities were at $441.57 billion at the end of 2025, a 2.3% increase from 2024, and a 159.3% increase since 2015.

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 $46.03 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:SCHW last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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