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.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% |
Key Financial Trends
Charles Schwab’s latest quarter shows solid profitability, but the bigger story is balance-sheet normalization after a volatile 2023-2024 period. In Q1 2026, Schwab generated $6.48 billion of revenue and $2.48 billion of net income, with earnings per share of $1.37. Compared with Q1 2025, revenue and earnings were both higher, while operating cash flow also improved meaningfully. That said, the company still carries a very large balance sheet, and deposit movements remain an important risk factor for investors to watch.
What stands out over the last several years is that Schwab has moved from the pressure of the 2022-2023 rate-and-deposit environment toward a steadier earnings profile in 2025-2026. Revenue has been rebuilding, profits have stabilized, and the company is again producing strong quarterly operating cash flow. However, funding costs and deposit flows can still swing results from quarter to quarter.
- Revenue and earnings are trending higher again. Q1 2026 revenue rose to $6.48 billion from $5.60 billion in Q1 2025, while common shareholder net income increased to $2.40 billion from $1.80 billion.
- Operating cash flow improved sharply year over year. Q1 2026 operating cash flow was $7.34 billion, up from $6.36 billion in Q1 2025 and well above the weaker periods seen in 2024.
- Deposit trends turned supportive in Q4 2025 and Q1 2026. Schwab posted positive net deposit change in Q4 2025 and a smaller outflow in Q1 2026, which is better than the much heavier deposit pressure seen in 2024 and early 2025.
- Net interest income held up well. Q1 2026 net interest income was $3.14 billion versus $2.71 billion in Q1 2025, suggesting funding pressures have eased relative to the prior year.
- Client asset base remains enormous. Total assets were $493.3 billion at Q1 2026, giving Schwab substantial scale and liquidity resources.
- Equity base improved from earlier 2025 levels. Total common equity rose to $42.47 billion in Q1 2026 from $40.32 billion in Q1 2025, indicating improved retained earnings and balance-sheet strength.
- Fee and non-interest income remains a key earnings driver. Other non-interest income contributed $3.34 billion in Q1 2026, so Schwab is still not overly dependent on one revenue stream.
- Share count is relatively stable. Diluted shares outstanding were 1.752 billion in Q1 2026 versus 1.822 billion in Q1 2025, so dilution is not a major near-term issue.
- Interest expense remains elevated versus 2023. Q1 2026 total interest expense was $818 million, still meaningfully above the near-zero interest expense environment seen when rates were lower.
- Short-term debt remains very large. Schwab reported $158.6 billion of short-term debt in Q1 2026, highlighting reliance on wholesale funding and balance-sheet management.
- Deposits remain volatile quarter to quarter. While Q1 2026 was better than several prior periods, Schwab has seen large swings in deposit balances since 2023, which can pressure funding costs and margins.
Bottom line: Schwab appears to be in better shape than it was during the worst of the 2023-2024 turbulence. Earnings are healthy, operating cash flow is strong, and deposit trends are no longer as negative as they were at the trough. The main thing investors should monitor now is whether Schwab can keep growing revenue while managing its large funding base and debt load without reintroducing margin pressure.
06/03/26 01:08 PM ETAI Generated. May Contain Errors.