NYSE : SCHW
The Charles Schwab Corporation — Financial statements
Financials · Capital Markets · United States
Last price 88.05 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 152.27B
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Financial statements
The Charles Schwab Corporation (SCHW) reported revenue of 27.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 16.59B | 15.50B | 15.54B | 16.11B | 12.23B | 8.51B |
| Total Interest Expense | 3.44B | 3.75B | 6.39B | 6.68B | 1.54B | 476.00M |
| Net Interest Income | 13.15B | 11.75B | 9.14B | 9.43B | 10.68B | 8.03B |
| Trading & Principal Transactions | 4.53B | 3.92B | 3.26B | 3.23B | 3.67B | 4.15B |
| Asset Management Fee | 7.23B | 6.51B | 5.72B | 4.76B | 4.22B | 4.27B |
| Gain on Sale of Investments (Rev) | 79.00M | 79.00M | 40.00M | 61.00M | 9.00M | -4.00M |
| Other Revenue | 2.08B | 1.67B | 1.44B | 1.46B | 2.18B | 2.07B |
| Revenue Before Loan Losses | 27.06B | 23.92B | 19.61B | 18.93B | 20.76B | 18.52B |
| Revenue | 27.06B | 23.92B | 19.61B | 18.93B | 20.76B | 18.52B |
| Salaries & Employee Benefits | 6.95B | 6.49B | 6.02B | 5.84B | 5.72B | 5.17B |
| Cost of Services Provided | 3.88B | 3.67B | 3.43B | 3.53B | 3.31B | 3.15B |
| Other Operating Expenses | 1.05B | 968.00M | 900.00M | 713.00M | 714.00M | 876.00M |
| Total Operating Expenses | 13.23B | 12.49B | 11.77B | 11.42B | 10.99B | 10.35B |
| Operating Income | 13.83B | 11.43B | 7.84B | 7.51B | 9.77B | 8.17B |
| EBT Excluding Unusual Items | 13.83B | 11.43B | 7.84B | 7.51B | 9.77B | 8.17B |
| Merger & Restructuring Charges | -48.00M | -117.00M | -867.00M | -381.00M | -454.00M | |
| Other Unusual Items | 32.00M | 32.00M | -30.00M | -269.00M | ||
| Pretax Income | 13.81B | 11.46B | 7.69B | 6.38B | 9.39B | 7.71B |
| Income Tax Expense | 3.17B | 2.61B | 1.75B | 1.31B | 2.21B | 1.86B |
| Net Income | 10.64B | 8.85B | 5.94B | 5.07B | 7.18B | 5.86B |
| Preferred Dividends & Other Adjustments | 387.50M | 434.50M | 463.60M | 418.40M | 548.00M | 495.00M |
| Net Income to Common | 10.26B | 8.42B | 5.48B | 4.65B | 6.63B | 5.36B |
| Shares Outstanding (Basic) | 1.74B | 1.80B | 1.83B | 1.82B | 1.89B | 1.89B |
| Shares Outstanding (Diluted) | 1.75B | 1.81B | 1.83B | 1.83B | 1.89B | 1.90B |
| EPS (Basic) | 5.88 | 4.67 | 3.00 | 2.55 | 3.52 | 2.84 |
| EPS (Diluted) | 5.85 | 4.65 | 2.99 | 2.54 | 3.50 | 2.83 |
| Free Cash Flow | 8.76B | 2.05B | 18.89B | 1.09B | 1.20B | |
| Free Cash Flow Per Share | 4.84 | 1.12 | 10.31 | 0.57 | 0.63 | |
| Dividend Per Share | 1.23 | 1.08 | 1.00 | 1.00 | 0.84 | 0.72 |
| Operating Margin | 51.11% | 47.77% | 39.98% | 39.68% | 47.05% | 44.10% |
| Profit Margin | 37.90% | 35.19% | 27.94% | 24.55% | 31.96% | 28.94% |
| Free Cash Flow Margin | 36.63% | 10.46% | 99.75% | 5.23% | 6.49% | |
| Effective Tax Rate | 22.95% | 22.75% | 22.75% | 20.55% | 23.49% | 24.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 36.70B | 46.03B | 42.08B | 43.34B | 40.20B | 62.98B |
| Short-Term Investments | 31.80B | 50.89B | 41.46B | 35.31B | 45.12B | 56.12B |
| Accounts Receivable | 155.30B | 107.87B | 87.81B | 71.03B | 67.15B | 91.20B |
| Other Receivables | 72.30B | 60.81B | 47.64B | 43.22B | 44.59B | 38.73B |
| Property, Plant & Equipment | 3.80B | 3.93B | 4.32B | 4.61B | 4.28B | |
| Goodwill | 11.95B | 11.95B | 11.95B | 11.95B | 11.95B | |
| Other Intangible Assets | 7.23B | 7.74B | 8.26B | 8.79B | 9.38B | |
| Investments in Debt & Equity Securities | 185.60B | 197.84B | 226.43B | 268.58B | 319.97B | 390.12B |
| Other Current Assets | 100.00M | 2.23B | 999.00M | |||
| Long-Term Deferred Tax Assets | 1.97B | 3.53B | 4.30B | 5.37B | ||
| Other Long-Term Assets | 39.00B | 2.02B | 6.78B | 2.35B | 1.41B | 1.18B |
| Total Assets | 520.70B | 491.00B | 479.84B | 493.18B | 551.77B | 667.27B |
| Accounts Payable | 171.70B | 116.90B | 101.83B | 86.04B | 97.44B | 125.67B |
| Accrued Expenses | 13.40B | 10.65B | 10.43B | 9.69B | 7.19B | 7.54B |
| Short-Term Debt | 16.20B | 33.90B | 35.77B | 38.35B | 21.25B | 12.01B |
| Current Portion of Long-Term Debt | 4.12B | 2.23B | 3.65B | 800.00M | 1.81B | |
| Current Portion of Leases | 224.00M | |||||
| Other Current Liabilities | 244.10B | 255.75B | 259.12B | 289.95B | 366.72B | 443.78B |
| Long-Term Debt | 23.80B | 18.04B | 20.15B | 22.39B | 19.96B | 17.01B |
| Long-Term Leases | 716.00M | 865.00M | 977.00M | 1.06B | 1.03B | |
| Long-Term Deferred Tax Liabilities | 1.48B | |||||
| Other Long-Term Liabilities | 100.00M | 1.11B | 947.00M | 1.05B | 665.00M | 565.00M |
| Total Liabilities | 469.30B | 441.57B | 431.47B | 452.22B | 515.16B | 611.01B |
| Common Stock | 51.40B | 21.00M | 21.00M | 21.00M | 21.00M | 21.00M |
| Additional Paid-In Capital | 28.00B | 27.64B | 27.33B | 27.07B | 26.74B | |
| Retained Earnings | 44.06B | 37.57B | 33.90B | 31.07B | 25.99B | |
| Comprehensive Income & Other | -10.98B | -14.85B | -18.13B | -22.62B | -1.11B | |
| Total Common Equity | 51.40B | 42.66B | 39.18B | 31.77B | 26.90B | 46.31B |
| Shareholders' Equity | 51.40B | 49.42B | 48.38B | 40.96B | 36.61B | 56.26B |
| Total Liabilities & Equity | 520.70B | 491.00B | 479.84B | 493.18B | 551.77B | 667.27B |
| Total Debt | 40.00B | 57.00B | 59.01B | 65.37B | 43.07B | 31.86B |
| Net Cash (Debt) | 28.50B | 39.92B | 24.53B | 13.28B | 42.24B | 87.23B |
| Net Cash Per Share | 16.29 | 22.07 | 13.38 | 7.25 | 22.30 | 45.98 |
| Filing Date Shares Outstanding | 1.73B | 1.75B | 1.81B | 1.82B | 1.84B | 1.89B |
| Total Common Shares Outstanding | 1.73B | 1.76B | 1.83B | 1.82B | 1.85B | 1.89B |
| Working Capital | -149.30B | -155.94B | -190.38B | -234.68B | -294.11B | -340.79B |
| Book Value Per Share | 29.75 | 24.26 | 21.40 | 17.42 | 14.52 | 24.46 |
| Tangible Book Value | 51.40B | 23.48B | 19.49B | 11.56B | 6.16B | 24.98B |
| Tangible Book Value Per Share | 29.75 | 13.35 | 10.64 | 6.34 | 3.33 | 13.19 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.85B | 5.94B | 5.07B | 7.18B | 5.86B | |
| Depreciation & Amortization, Total | 1.36B | 1.44B | 1.34B | 1.25B | 1.16B | |
| Gain (Loss) On Sale of Investments | 695.00M | 806.00M | 830.00M | 1.38B | 2.35B | |
| Stock-Based Compensation | 317.00M | 337.00M | 320.00M | 366.00M | 254.00M | |
| Change in Accounts Receivable | -24.14B | -15.89B | -2.59B | 24.12B | -26.17B | |
| Change in Accounts Payable | 27.14B | 23.46B | -10.84B | -31.08B | 21.47B | |
| Change in Other Net Operating Assets | -6.00B | -13.78B | 25.24B | -1.62B | -3.23B | |
| Other Operating Activities | 1.09B | 361.00M | 224.00M | 472.00M | 425.00M | |
| Operating Cash Flow | 9.31B | 2.67B | 19.59B | 2.06B | 2.12B | |
| Capital Expenditures | -548.00M | -620.00M | -700.00M | -971.00M | -916.00M | |
| Investment in Securities | 37.63B | 40.86B | 58.95B | 39.35B | -63.51B | |
| Other Investing Activities | 265.00M | -18.00M | -935.00M | -544.00M | -388.00M | |
| Investing Cash Flow | 24.54B | 35.43B | 57.41B | 32.05B | -75.66B | |
| Short-Term Debt Issued | 65.41B | 50.02B | 66.20B | 33.40B | 11.11B | |
| Long-Term Debt Issued | 1.99B | 6.10B | 2.97B | 7.04B | ||
| Total Debt Issued | 67.39B | 50.02B | 72.30B | 36.37B | 18.14B | |
| Short-Term Debt Repaid | -79.39B | -60.27B | -50.30B | -21.20B | -6.25B | |
| Long-Term Debt Repaid | -2.25B | -3.68B | -831.00M | -1.04B | -1.82B | |
| Total Debt Repaid | -81.64B | -63.95B | -51.13B | -22.24B | -8.08B | |
| Net Debt Issued (Repaid) | -14.25B | -13.94B | 21.16B | 14.13B | 10.07B | |
| Issuance of Common Stock | 156.00M | 84.00M | 49.00M | 64.00M | 221.00M | |
| Repurchase of Common Stock | -7.35B | -2.84B | -3.40B | |||
| Preferred Dividends Paid | -371.00M | -437.00M | -456.00M | |||
| Common Dividends Paid | -1.96B | -1.84B | -1.37B | |||
| Dividends Paid | -2.33B | -2.27B | -2.28B | -2.11B | -1.82B | |
| Other Financing Activities | -3.48B | -30.93B | -76.87B | -77.15B | 85.65B | |
| Financing Cash Flow | -29.70B | -47.06B | -61.24B | -68.72B | 96.32B | |
| Net Cash Flow | 4.15B | -8.96B | 15.75B | -34.62B | 22.78B | |
| Free Cash Flow | 8.76B | 2.05B | 18.89B | 1.09B | 1.20B | |
| Free Cash Flow Margin | 36.63% | 10.46% | 99.75% | 5.23% | 6.49% | |
| Free Cash Flow Per Share | 4.84 | 1.12 | 10.31 | 0.57 | 0.63 | |
| Cash Interest Paid | 4.56B | 6.66B | 5.62B | 1.35B | 501.00M | |
| Cash Income Tax Paid | 1.57B | 1.49B | 1.62B | 2.13B | 2.05B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 153.41B | 177.53B | 135.48B | 125.45B | 155.42B | 159.00B |
| Last Close Price | 88.71 | 98.93 | 72.40 | 66.32 | 78.92 | 78.84 |
| PE Ratio | 15.16 | 21.09 | 24.73 | 26.99 | 23.43 | 29.66 |
| PS Ratio | 5.67 | 7.42 | 6.91 | 6.62 | 7.49 | 8.59 |
| PB Ratio | 2.98 | 3.59 | 2.80 | 3.06 | 4.25 | 2.83 |
| P/FCF Ratio | 14.22 | 20.26 | 66.09 | 6.64 | 143.12 | 132.28 |
| P/OCF Ratio | 13.44 | 19.07 | 50.74 | 6.41 | 75.56 | 75.07 |
| Debt / Equity Ratio | 0.78 | 1.15 | 1.22 | 1.60 | 1.18 | 0.57 |
| Debt / FCF Ratio | 6.50 | 28.79 | 3.46 | 39.66 | 26.50 | |
| Net Debt / Equity Ratio | -0.55 | -0.81 | -0.51 | -0.32 | -1.15 | -1.55 |
| Net Debt / FCF Ratio | -4.56 | -11.97 | -0.70 | -38.90 | -72.57 | |
| Asset Turnover | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 |
| Quick Ratio | 0.67 | 0.63 | 0.54 | 0.45 | 0.40 | 0.42 |
| Current Ratio | 0.67 | 0.63 | 0.54 | 0.45 | 0.40 | 0.42 |
| Return on Equity (ROE) | 21.12% | 18.10% | 13.30% | 13.06% | 15.47% | 10.42% |
| Return on Assets (ROA) | 2.16% | 1.82% | 1.22% | 0.97% | 1.18% | 0.96% |
| Return on Invested Capital (ROIC) | 9.81% | 8.26% | 5.67% | 6.42% | 8.91% | 7.45% |
| Earnings Yield | 6.60% | 4.99% | 4.39% | 4.04% | 4.62% | 3.68% |
| FCF Yield | 7.03% | 4.94% | 1.51% | 15.06% | 0.70% | 0.76% |
| Dividend Yield | 1.44% | 1.07% | 1.35% | 1.45% | 1.00% | 0.86% |
| Payout Ratio | 21.88% | 26.31% | 38.29% | 44.92% | 29.38% | 31.12% |
| Buyback Yield / Dilution | 4.08% | 1.36% | -0.16% | 3.33% | 0.16% | -32.20% |
| Total Shareholder Return | 5.53% | 2.43% | 1.19% | 4.78% | 1.16% | -31.34% |