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SCHW SCHWAB CHARLES CORP

NYSEFinancialsSecurity Brokers, Dealers & Flotation CompaniesWestlake, TXFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 25, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$23.9BYoYup 22.01%ended Dec 31, 2025
Net income
$8.85B37.0% margin
Diluted EPS
$4.65YoYup 55.52%
Free cash flow
$8.76B36.6% margin
Cash
$46B
Total debt
—Not meaningful for financial companies
About SCHWAB CHARLES CORP

Overview

SCHWAB CHARLES CORP (SCHW) is listed on NYSE; the SEC classifies it under "Security Brokers, Dealers & Flotation Companies".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $23.92B, up 22.0% from fiscal 2024.

Net income was $8.85B, a net margin of 37.0%.

At fiscal year end it had total assets of $491B and stockholders' equity of $49.43B (10.1% of assets).

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 25, 2026
Latest filing
8-KOct 15, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$7.48B$1.89B25.3%
FY2017$8.62B$2.35B27.3%
FY2018$10.1B$3.51B34.6%
FY2019$10.7B$3.7B34.5%
FY2020$11.7B$3.3B28.2%
FY2021$18.5B$5.86B31.6%
FY2022$20.8B$7.18B34.6%
FY2023$18.8B$5.07B26.9%
FY2024$19.6B$5.94B30.3%
FY2025$23.9B$8.85B37.0%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$1.31
FY2017$1.61
FY2018$2.45
FY2019$2.67
FY2020$2.12
FY2021$2.83
FY2022$3.50
FY2023$2.54
FY2024$2.99
FY2025$4.65

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016—$1.89B
FY2017—$2.35B
FY2018$11.9B$3.51B
FY2019$8.62B$3.7B
FY2020$6.22B$3.3B
FY2021$1.2B$5.86B
FY2022$1.09B$7.18B
FY2023$18.9B$5.07B
FY2024$2.05B$5.94B
FY2025$8.76B$8.85B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY20161.33B
FY20171.35B
FY20181.36B
FY20191.32B
FY20201.44B
FY20211.9B
FY20221.89B
FY20231.83B
FY20241.83B
FY20251.81B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalents
FY2016$10.8B
FY2017$14.2B
FY2018$27.9B
FY2019$29.3B
FY2020$40.3B
FY2021$63B
FY2022$40.2B
FY2023$43.3B
FY2024$42.1B
FY2025$46B

Total debt: Not meaningful for financial companies

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross marginNot meaningful for financial companies
—
Net margin
37.0%
FCF margin
36.6%
Return on equity
18.1%
Return on assets
1.8%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 22.01%up 4.83%up 15.39%up 13.79%
EPS (diluted)up 55.52%up 9.93%up 17.01%up 15.11%
Free cash flowup 327.46%up 100.57%up 7.09%—
Change in share count
-1.36%

Financial strength

Current ratioNot meaningful for financial companies
—
Debt / equityNot meaningful for financial companies
—
Liabilities / assets
89.9%
Net debtNot meaningful for financial companies
—
Interest coverageNot meaningful for financial companies
—
Equity / assets
10.1%

Shareholder returns

Dividends per share
$1.08
Dividends paid
$2.33B
Buybacks
$7.35B
Payout ratio
26.3%
Stock comp. / revenue
1.3%

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

Not meaningful for financial companies.

Altman Z''-Score

Not meaningful for financial companies.

Screening heuristic, not a recommendation. Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue23,92119,60618,83720,76218,52011,69110,72110,1328,6187,478
YoY (Revenue)+22.01%+4.08%-9.27%+12.11%+58.41%+9.05%+5.81%+17.57%+15.24%—
Interest expense——6,6841,5454764181,064857342171
Pretax income11,4597,6926,3789,3887,7134,3004,8484,5623,6502,993
Income tax2,6071,7501,3112,2051,8581,0011,1441,0551,2961,104
Net income8,8525,9425,0677,1835,8553,2993,7043,5072,3541,889
YoY (Net income)+48.97%+17.27%-29.46%+22.68%+77.48%-10.93%+5.62%+48.98%+24.62%—
EPS (basic)4.673.002.553.522.842.132.692.471.631.32
EPS (diluted)4.652.992.543.502.832.122.672.451.611.31
YoY (EPS (diluted))+55.52%+17.72%-27.43%+23.67%+33.49%-20.60%+8.98%+52.17%+22.90%—
Diluted shares (weighted)1,8091,8341,8311,8941,8971,4351,3201,3611,3531,334

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents46,03042,08343,33740,19562,97540,34829,34527,93814,21710,828
Goodwill11,95111,95111,95111,95111,95211,9521,2271,2271,2271,227
Intangible assets7,2337,7438,2608,7899,3799,991128—108144
Total assets490,995479,843493,178551,772667,270549,009294,005296,482243,274223,383
Short-term debt1,9000017,0504,855——015,000—
Long-term debt22,19922,42826,12820,82818,91413,6327,4306,8784,7532,876
Total liabilities441,570431,468452,220515,164611,009492,949272,260275,812224,749206,962
Retained earnings44,06537,56833,90131,06625,99221,97519,96017,32914,40812,649
Stockholders' equity49,42548,37540,95836,60856,26156,06021,74520,67018,52516,421
Shares outstanding1,7521,814————1,2861,3331,3461,335

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow9,3112,67019,5872,0572,1186,8529,32512,456——
Capital expenditures548620700971916631708570400346
Free cash flow8,7632,05018,8871,0861,2026,2218,61711,886——
YoY (Free cash flow)+327.46%-89.15%+1,639.13%-9.65%-80.68%-27.81%-27.50%———
Depreciation & amortization——804652549414349306269234
Stock-based compensation317337320366254204183197153141
Share repurchases7,34602,8423,395002,2201,000——
Dividends paid2,3292,2752,2762,1101,8221,2801,060787592486
Dividends per share1.081.001.000.840.720.720.680.460.320.27
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$4.65
Revenue per share
$13.22
FCF per share
$4.84
Book value per share
$27.32
Tangible book per share
$16.72
Cash per share
$25.44
Dividends per share
$1.08
Public floatas of Jun 30, 2025
$156B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 8-K
    Current report· Oct 15, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  2. 8-K
    Current report· Aug 10, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  3. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  4. 8-K
    Current report· Jul 21, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  5. 8-K
    Current report· Jun 25, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Jun 1, 2026(SEC EDGAR)
    • 5.03Bylaws or fiscal year change
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· May 21, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  8. 8-K
    Current report· May 18, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  9. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  10. 8-K
    Current report· Apr 20, 2026(SEC EDGAR)
    • 3.03Change in security holders' rights
    • 5.03Bylaws or fiscal year change
    • 8.01Other events
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 6211 · Security Brokers, Dealers & Flotation Companies

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
MSMORGAN STANLEY$70.6B—23.9%———
GSGOLDMAN SACHS GROUP INC$58.3B—29.5%———
BLKBlackRock, Inc.$24.2B—22.9%10.7%—
SCHWSCHWAB CHARLES CORP (This company)$23.9Bup 22.01%37.0%18.1%—
IBKRInteractive Brokers Group, Inc.$6.21Bup 19.67%———
Peer median$41.2Bup 19.67%23.9%10.7%——

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does SCHWAB CHARLES CORP do?

The SEC classifies SCHWAB CHARLES CORP under Standard Industrial Classification (SIC) code 6211, "Security Brokers, Dealers & Flotation Companies". It is headquartered in Westlake, TX. It is incorporated in DE. In fiscal 2025 it reported revenue of $23.92B and net income of $8.85B in its annual 10-K report.

What was SCHWAB CHARLES CORP's revenue in 2025?

SCHWAB CHARLES CORP reported revenue of $23.92B for fiscal 2025, which ended Dec 31, 2025, up 22.0% from $19.61B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 25, 2026.

What was SCHWAB CHARLES CORP's net income in 2025?

SCHWAB CHARLES CORP reported net income of $8.85B for fiscal 2025, a net margin of 37.0% of revenue.

Where is SCHWAB CHARLES CORP listed?

According to the SEC, SCHWAB CHARLES CORP's ticker SCHW is listed on NYSE. The SEC also lists the tickers SCHW-PD and SCHW-PJ for the company.

When does SCHWAB CHARLES CORP's fiscal year end?

According to the SEC, SCHWAB CHARLES CORP's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.