The Charles Schwab Corporation (SCHW) Financial Statements

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Charles Schwab financial statements at a glance

Charles Schwab reported revenue of $23.92 billion for fiscal year 2025 (ended December 31, 2025), up 22.0% from fiscal year 2024. Net income was $8.42 billion, a net margin of 35.2%, and diluted earnings per share were $4.65.

At the end of fiscal year 2025 it had total assets of $491.00 billion, total liabilities of $441.57 billion and shareholders' equity of $49.43 billion, with cash of $46.03 billion and total debt of $30.95 billion.

Its operations brought in $9.31 billion of cash; capital spending was $548.00 million, leaving free cash flow of $8.76 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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The Charles Schwab Corporation

SCHWUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
23.92B
Prev Year: 19.61B
YoY: +22.0%
Operating Revenue
23.92B
Other Noninterest Expense
1.88B
Prev Year: 1.93B
YoY: -2.6%
Non Interest Expense
-
Prev Year: 11.91B
Provision for Credit Losses
-
Selling General and Administrative
6.91B
Prev Year: 6.44B
YoY: +7.3%
General and Administrative Expense
6.49B
Prev Year: 6.04B
YoY: +7.4%
Salaries and Wages
6.49B
Prev Year: 6.04B
YoY: +7.4%
Selling and Marketing Expense
420.00M
Prev Year: 397.00M
YoY: +5.8%
Depreciation Amortization Depletion
1.36B
Prev Year: 1.44B
YoY: -5.1%
Depreciation and amortization
1.36B
Prev Year: 1.44B
YoY: -5.1%
Pre-tax Income
11.46B
Prev Year: 7.69B
YoY: +49.0%
Provision for Income Taxes
2.61B
Prev Year: 1.75B
YoY: +49.0%
Net Income Common Stockholders
8.42B
Prev Year: 5.48B
YoY: +53.7%
Net Income
8.85B
Prev Year: 5.94B
YoY: +49.0%
Net Income Including Non-Controlling Interests
8.85B
Prev Year: 5.94B
YoY: +49.0%
Net Income from Continuing Operations
8.85B
Prev Year: 5.94B
YoY: +49.0%
Diluted NI Available to Com Stockholders
8.42B
Prev Year: 5.48B
YoY: +53.7%
Basic EPS
4.67
Prev Year: 3
YoY: +55.7%
Diluted EPS
4.65
Prev Year: 2.99
YoY: +55.5%
Weighted Average Shares (basic)
1.80B
Prev Year: 1.83B
YoY: -1.3%
Weighted Average Shares (diluted)
1.81B
Prev Year: 1.83B
YoY: -1.4%
Net Income from Continuing and Discontinued Operation
8.85B
Prev Year: 5.94B
YoY: +49.0%
Interest Income After Provision for Loan Loss
-
Prev Year: 9.14B
Normalized Income
8.85B
Prev Year: 5.94B
YoY: +49.0%
Interest Expense
3.75B
Prev Year: 6.39B
YoY: -41.3%
Net Interest Income
11.75B
Prev Year: 9.14B
YoY: +28.5%
Total Money Market Investments
-
Prev Year: 330.00M
Reconciled Depreciation
1.36B
Prev Year: 1.44B
YoY: -5.1%
Net Income from Continuing Operation Net Minority Interest
8.85B
Prev Year: 5.94B
YoY: +49.0%
Tax Rate for Calcs
0.228
Prev Year: 0
Interest Income
15.50B
Prev Year: 15.54B
YoY: -0.2%
Preferred Stock Dividends
435.00M
Prev Year: 464.00M
YoY: -6.3%
Amortization
512.00M
Prev Year: 519.00M
YoY: -1.3%
Amortization of Intangibles
512.00M
Prev Year: 519.00M
YoY: -1.3%
Depreciation
850.00M
Prev Year: 916.00M
YoY: -7.2%
Occupancy And Equipment
1.12B
Prev Year: 1.06B
YoY: +5.4%
Professional and Contract Services Expense
1.20B
Prev Year: 1.05B
YoY: +13.7%
Values in USD

Charles Schwab key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$23.9B$19.6B$18.8B$20.8B$18.5B
Net income$8.4B$5.5B$4.6B$6.6B$5.4B
Diluted EPS$4.65$2.99$2.54$3.50$2.83
Total assets$491.0B$479.8B$493.2B$551.8B$667.3B
Total liabilities$441.6B$431.5B$452.2B$515.2B$611.0B
Shareholders' equity$49.4B$48.4B$41.0B$36.6B$56.3B
Cash$46.0B$42.1B$43.3B$40.2B$63.0B
Total debt$31.0B$45.1B$59.1B$37.9B$23.8B
Operating cash flow$9.3B$2.7B$19.6B$2.1B$2.1B
Capital spending$548.0M$620.0M$700.0M$971.0M$916.0M
Free cash flow$8.8B$2.1B$18.9B$1.1B$1.2B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Charles Schwab's revenue in fiscal year 2025?

$23.92 billion, up 22.0% from $19.61 billion in fiscal year 2024.

How much profit does Charles Schwab make?

Charles Schwab reported net income of $8.42 billion for fiscal year 2025 (35.2% of revenue).

How much cash and debt does Charles Schwab have?

At the end of fiscal year 2025: cash of $46.03 billion and total debt of $30.95 billion.

What is Charles Schwab's free cash flow?

$8.76 billion in fiscal year 2025 (operating cash flow of $9.31 billion minus capital spending of $548.00 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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