SCHWAB CHARLES CORP

Listed Company

SCHWCIK 0000316709NYSELarge AcceleratedSecurity Brokers, Dealers & Flotation CompaniesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$23.92B

Net Income

$8.85B

Total Assets

$491.00B

Equity

$49.42B

Shares Out

1.75B

Op. Cash Flow

$9.31B

Business

SCHWAB CHARLES CORP is a savings and loan holding company providing comprehensive investment and banking services through its consolidated subsidiaries. The company offers brokerage, wealth management, advisory solutions, proprietary and third-party mutual funds and ETFs, managed portfolios, alternative investments, banking products including deposit accounts and lending, and trust and custody services. Its operations are organized into two reportable segments: Investor Services, serving retail and workplace clients, and Advisor Services, serving independent registered investment advisors and retirement plan providers. Schwab distributes services via digital platforms, branches, telephone, and institutional custodial channels domestically and to select international clients.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest revenue	15,504	15,537	16,111	12,227	8,506
Interest expense	−3,754	−6,393	−6,684	−1,545	—
Net interest revenue	11,750	9,144	9,427	10,682	8,030
Total net revenues	23,921	19,606	18,837	20,762	18,520
Compensation and benefits	6,491	6,043	6,315	5,936	5,450
Professional services	1,197	1,053	1,058	1,032	994
Occupancy and equipment	1,117	1,060	1,254	1,175	976
Advertising and market development	420	397	397	419	485
Communications	620	591	629	588	587
Depreciation and amortization	850	916	804	652	549
Amortization of acquired intangible assets	512	519	534	596	615
Regulatory fees and assessments	287	398	547	262	275
Other	968	937	921	714	876
Total expenses excluding interest	12,462	11,914	12,459	11,374	10,807
Income before taxes on income	11,459	7,692	6,378	9,388	7,713
Taxes on income	2,607	1,750	1,311	2,205	1,858
Net Income	8,852	5,942	5,067	7,183	5,855
Preferred stock dividends and other	435	464	418	548	495
Net Income Available to Common Stockholders	8,417	5,478	4,649	6,635	5,360
Basic (in shares)	1,804	1,828	1,824	1,885	1,887
Diluted (in shares)	1,809	1,834	1,831	1,894	1,897
Basic (in USD per share)	4.67	3	2.55	3.52	2.84
Diluted (in USD per share)	4.65	2.99	2.54	3.5	2.83

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	46,030	42,083	43,337	40,195	62,975
Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $16,901 and $10,075 at December 31, 2025 and 2024, respectively)	42,931	38,221	31,836	42,983	53,949
Receivables from brokers, dealers, and clearing organizations	7,190	2,440	3,327	—	—
Receivables from brokerage clients net	104,700	85,400	68,667	66,591	90,565
Available for sale securities	62,357	82,994	107,646	147,871	390,054
Held to maturity securities (including assets pledged of $1,270 and $5,920 at December 31, 2025 and 2024, respectively)	133,969	146,453	159,452	173,074	0
Bank loans net	57,955	45,215	40,439	40,505	34,636
Equipment, office facilities, and property net	3,091	3,338	3,690	3,714	3,442
Goodwill	11,951	11,951	11,951	11,951	11,952
Acquired intangible assets net	7,233	7,743	8,260	8,789	9,379
Other assets	13,628	14,031	14,573	16,099	10,318
Total assets	490,995	479,843	493,178	551,772	667,270
Bank deposits	255,747	259,121	289,953	366,724	443,778
Payables to brokers, dealers, and clearing organizations	25,689	13,336	6,648	—	—
Payables to brokerage clients	116,300	101,600	84,786	97,438	125,671
Accrued expenses and other liabilities	12,831	12,325	11,752	13,124	17,791
Other short-term borrowings	6,900	6,000	6,600	4,700	—
Federal Home Loan Bank borrowings	1,850	16,700	26,400	12,400	—
Long-term debt	22,199	22,428	26,128	20,828	18,914
Total liabilities	441,570	431,468	452,220	515,164	611,009
Preferred stock $.01 par value per share; aggregate liquidation preference of $6,871 and $9,329 at December 31, 2025 and 2024, respectively	6,763	9,191	9,191	9,706	9,954
Additional paid-in capital	27,996	27,639	27,330	27,075	26,741
Retained earnings	44,065	37,568	33,901	31,066	25,992
Treasury stock, at cost 315,863,800 and 242,977,194 shares at December 31, 2025 and 2024, respectively	−18,437	−11,196	−11,354	−8,639	—
Accumulated other comprehensive income (loss)	−10,983	−14,848	−18,131	−22,621	1,109
Total stockholders equity	49,425	48,375	40,958	36,608	56,261
Total liabilities and stockholders equity	490,995	479,843	493,178	551,772	667,270

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation	317	337	320	366	254
Provision (benefit) for deferred income taxes	361	−191	−478	−18	53
Premium amortization, net, on available for sale and held to maturity securities	695	806	830	1,375	2,346
Other	729	552	702	490	372
Investments segregated and on deposit for regulatory purposes	−4,510	−14,090	23,759	−874	—
Receivables from brokers, dealers, and clearing organizations	−4,750	887	−451	172	—
Receivables from brokerage clients	−19,390	−16,779	−2,135	23,947	−26,168
Other assets	−1,298	92	−1,569	−73	−1,152
Payables to brokers, dealers, and clearing organizations	12,353	6,688	1,808	−2,849	—
Payables to brokerage clients	14,782	16,773	−12,652	−28,233	21,470
Accrued expenses and other liabilities	−192	218	3,048	−677	1,322
Net cash provided by (used for) operating activities	9,311	2,670	19,587	2,057	2,118
Purchases of available for sale securities	−8,496	−2,986	−1,487	−51,009	−171,732
Proceeds from sales of available for sale securities	8,987	3,532	8,465	24,704	13,306
Principal payments on available for sale securities	22,958	25,589	36,508	49,944	94,912
Purchases of held to maturity securities	−1,083	0	0	—	0
Principal payments on held to maturity securities	15,262	14,721	15,461	15,712	0
Net change in bank loans	−12,807	−4,787	99	−5,788	—
Purchases of equipment, office facilities, and property	−548	−620	−700	−971	−916
Purchases of FHLB stock	−1,023	−895	−1,869	−518	0
Proceeds from sales of FHLB stock	1,656	1,388	1,344	19	0
Purchases of Federal Reserve stock	−9	−189	−221	−106	−245
Proceeds from sales of Federal Reserve stock	11	0	98	197	0
Other investing activities	−370	−322	−287	−136	−143
Net cash provided by (used for) investing activities	24,538	35,431	57,411	32,048	−75,663
Net change in bank deposits	−3,374	−30,832	−76,771	−77,054	85,756
Proceeds from FHLB borrowings	28,360	23,001	49,200	12,504	0
Repayments of FHLB borrowings	−43,210	−32,701	−35,200	−104	0
Proceeds from other short-term borrowings	37,046	27,017	17,000	20,891	11,107
Repayments of other short-term borrowings	−36,184	−27,571	−15,104	−21,100	−6,255
Issuances of long-term debt	1,986	0	6,097	2,971	7,036
Repayments of long-term debt	−2,248	−3,682	−831	−1,036	—
Repurchases of common stock and nonvoting common stock	−7,346	0	−2,842	−3,395	0
Redemption and repurchase of preferred stock	−2,458	0	−467	−1,000	−600
Dividends paid	−2,329	−2,275	−2,276	−2,110	−1,822
Proceeds from stock options exercised	156	84	49	64	221
Other financing activities	−101	−101	−100	−94	−104
Net cash provided by (used for) financing activities	−29,702	−47,060	−61,245	−68,723	96,323
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted	4,147	−8,959	15,753	−34,618	22,778
Changes in accrued equipment, office facilities, and property purchases	54	−13	104	−19	125
Interest	4,557	6,655	5,623	1,355	501
Amounts included in the measurement of lease liabilities	246	260	255	228	212
Leased assets obtained in exchange for new operating lease liabilities	322	153	118	274	89
Leased assets obtained in exchange for new finance lease liabilities	11	0	48	4	109

Filings

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