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The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including money market funds, and certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It provides digital and software based trading platforms; research tools, and multichannel support, real-time market data, options trading; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $23.9B | - | $8.9B | $8.8B | 20.7% | 22.0% | 49.0% |
| 2024 | $19.6B | - | $5.9B | $2.0B | 15.2% | 4.1% | 17.3% |
| 2023 | $18.8B | - | $5.1B | $18.9B | 16.0% | -9.3% | -29.5% |
| 2022 | $20.8B | - | $7.2B | $1.1B | 26.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 20,762 | 18,837 | 19,606 | 23,921 |
| Operating Revenue | - | 20,762 | 18,837 | 19,606 | 23,921 |
| Selling General And Administration | - | 6,355 | 6,712 | 6,440 | 6,911 |
| Interest Income | - | 12,227 | 16,111 | 15,537 | 15,504 |
| Interest Expense | - | 1,545 | 6,684 | 6,393 | 3,754 |
| Net Interest Income | - | 10,682 | 9,427 | 9,144 | 11,750 |
| Pretax Income | - | 9,388 | 6,378 | 7,692 | 11,459 |
| Tax Provision | - | 2,205 | 1,311 | 1,750 | 2,607 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Net Income From Continuing And Discontinued Operation | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Net Income From Continuing Operation Net Minority Interest | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Net Income | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Net Income Common Stockholders | - | 6,635 | 4,649 | 5,478 | 8,417 |
| Net Income Including Noncontrolling Interests | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Normalized Income | - | 7,183 | 5,067 | 5,942 | 8,852 |
| Diluted NI Availto Com Stockholders | - | 6,635 | 4,649 | 5,478 | 8,417 |
| Basic Average Shares | - | 1,885 | 1,824 | 1,828 | 1,804 |
| Diluted Average Shares | - | 1,894 | 1,831 | 1,834 | 1,809 |
| Reconciled Depreciation | - | 1,248 | 1,338 | 1,435 | 1,362 |
| Preferred Stock Dividends | - | 548 | 418 | 464 | 435 |
| Gain On Sale Of Security | - | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 1,248 | 1,338 | 1,435 | 1,362 |
| Depreciation And Amortization In Income Statement | - | 1,248 | 1,338 | 1,435 | 1,362 |
| General And Administrative Expense | - | 5,936 | 6,315 | 6,043 | 6,491 |
| Other Gand A | 862 | - | - | - | - |
| Salaries And Wages | - | 5,936 | 6,315 | 6,043 | 6,491 |
| Selling And Marketing Expense | - | 419 | 397 | 397 | 420 |
| Amortization | - | 596 | 534 | 519 | 512 |
| Amortization Of Intangibles Income Statement | - | 596 | 534 | 519 | 512 |
| Occupancy And Equipment | - | 1,175 | 1,254 | 1,060 | 1,117 |
| Depreciation Income Statement | - | 652 | 804 | 916 | 850 |
| Professional Expense And Contract Services Expense | - | 1,032 | 1,058 | 1,053 | 1,197 |
| Other Non Interest Expense | - | 1,564 | 2,097 | 1,926 | 1,875 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Charles Schwab Corporationthis co. | SCHW | $153.0B | 17.29↓ discount | 3.59 | 20.7% | - |
| BlackRock, Inc. | BLK | $166.5B | 29.99 | 2.98 | 9.9% | 18.17 |
| Interactive Brokers Group, Inc. | IBKR | $147.7B | 150.07 | 27.54 | 18.3% | 15.71 |
| Blackstone Inc. | BX | $144.9B | 47.99 | 16.72 | 34.8% | - |
| S&P Global Inc. | SPGI |
| - |
| - |
| - |
| - |
| - |
| - |
| $124.4B |
| 27.81 |
| 4.00 |
| 14.4% |
| 17.70 |
| Chubb Limited | CB | $122.0B | 11.83 | 1.65 | 14.0% | - |
| The Progressive Corporation | PGR | $114.0B | 10.08 | 3.76 | 37.3% | - |
| Capital One Financial Corporation | COF | $114.0B | 52.27 | 1.00 | 1.9% | - |
| The Bank of New York Mellon Corporation | BK | $94.1B | 16.97 | 2.38 | 14.1% | - |
| Peer Median | - | 28.90 | 3.37 | 14.2% | 17.70 | |