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SCHW

SCHWAB CHARLES CORPFinancials
10-K for period ending 2025-12-31filed 2026-02-25accession 0000316709-26-000009filing on sec.gov ↗

answer key

fieldSEC valueXBRL conceptprinted on
Total revenue$23.9BRevenuesTotal net revenues
Operating income-not reportednot in this filing's XBRL
Net income attributable to the company$8.9BNetIncomeLossNet Income
Diluted EPS$4.65EarningsPerShareDilutedDiluted
Cash and cash equivalents$46.0BCashAndCashEquivalentsAtCarryingValueCash and cash equivalents
Total assets$491.0BAssetsTotal assets · Total liabilities and stockholders’ equity
Total liabilities$441.6BLiabilitiesTotal liabilities
Total shareholders' equity attributable to the company$49.4BStockholdersEquityTotal stockholders’ equity
Net cash from operating activities$9.3BNetCashProvidedByUsedInOperatingActivitiesNet cash provided by (used for) operating activities
Net cash from investing activities$24.5BNetCashProvidedByUsedInInvestingActivitiesNet cash provided by (used for) investing activities
Net cash from financing activities-$29.7BNetCashProvidedByUsedInFinancingActivitiesNet cash provided by (used for) financing activities

Income statement

table #34 · score 37 vs 36.5 runner-up · in millions
Consolidated Statements of Income
(In Millions, Except Per Share Amounts)
Year Ended December 31,202520242023
Net Revenues
Interest revenue15,50415,53716,111
Interest expense(3,754)(6,393)(6,684)
Net interest revenue11,7509,1449,427
Asset management and administration fees6,5065,7164,756
Trading revenue3,9213,2643,230
Bank deposit account fees977729705
Other767753719
Total net revenues23,92119,60618,837
Expenses Excluding Interest
Compensation and benefits6,4916,0436,315
Professional services1,1971,0531,058
Occupancy and equipment1,1171,0601,254
Advertising and market development420397397
Communications620591629
Depreciation and amortization850916804
Amortization of acquired intangible assets512519534
Regulatory fees and assessments287398547
Other968937921
Total expenses excluding interest12,46211,91412,459
Income before taxes on income11,4597,6926,378
Taxes on income2,6071,7501,311
Net Income8,8525,9425,067
Preferred stock dividends and other435464418
Net Income Available to Common Stockholders8,4175,4784,649
Weighted-Average Common Shares Outstanding:
Basic1,8041,8281,824
Diluted1,8091,8341,831
Earnings Per Common Shares Outstanding (1):
Basic4.673.002.55
Diluted4.652.992.54

Balance sheet

table #36 · score 37.5 vs 26.3 runner-up · in millions
Consolidated Balance Sheets
(In Millions, Except Per Share and Share Amounts)
December 31,20252024
Assets
Cash and cash equivalents46,03042,083
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)42,93138,221
Receivables from brokers, dealers, and clearing organizations7,1902,440
Receivables from brokerage clients - net104,66085,374
Available for sale securities (amortized cost of $66,225 and $89,704 at December 31, 2025 and 2024, respectively; including assets pledged of $281 and $378, respectively)62,35782,994
Held to maturity securities (including assets pledged of $1,270 and $5,920 at December 31, 2025 and 2024, respectively)133,969146,453
Bank loans - net57,95545,215
Equipment, office facilities, and property - net3,0913,338
Goodwill11,95111,951
Acquired intangible assets - net7,2337,743
Other assets13,62814,031
Total assets490,995479,843
Liabilities and Stockholders’ Equity
Bank deposits255,747259,121
Payables to brokers, dealers, and clearing organizations25,68913,336
Payables to brokerage clients116,341101,559
Accrued expenses and other liabilities12,83112,325
Other short-term borrowings6,9135,999
Federal Home Loan Bank borrowings1,85016,700
Long-term debt22,19922,428
Total liabilities441,570431,468
Stockholders’ equity:
Preferred stock - $.01 par value per share; aggregate liquidation preference of $6,871 and $9,329 at December 31, 2025 and 2024, respectively6,7639,191
Common stock - 3 billion shares authorized; $.01 par value per share; 2,074,188,875 and 2,023,295,180 shares issued at December 31, 2025 and 20242120
Nonvoting common stock - 300 million shares authorized; $.01 par value per share; no shares issued at December 31, 2025 and 50,893,695 shares issued at December 31, 2024-1
Additional paid-in capital27,99627,639
Retained earnings44,06537,568
Treasury stock, at cost - 315,863,800 and 242,977,194 shares at December 31, 2025 and 2024, respectively(18,437)(11,196)
Accumulated other comprehensive income (loss)(10,983)(14,848)
Total stockholders’ equity49,42548,375
Total liabilities and stockholders’ equity490,995479,843

Cash flow statement

table #38 · score 40 vs 12 runner-up · in millions
Consolidated Statements of Cash Flows
(In Millions)
Year Ended December 31,202520242023
Cash Flows from Operating Activities
Net income8,8525,9425,067
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Share-based compensation317337320
Depreciation and amortization850916804
Amortization of acquired intangible assets512519534
Provision (benefit) for deferred income taxes361(191)(478)
Premium amortization, net, on available for sale and held to maturity securities695806830
Other729552702
Net change in:
Investments segregated and on deposit for regulatory purposes(4,510)(14,090)23,759
Receivables from brokers, dealers, and clearing organizations(4,750)887(451)
Receivables from brokerage clients(19,390)(16,779)(2,135)
Other assets(1,298)92(1,569)
Payables to brokers, dealers, and clearing organizations12,3536,6881,808
Payables to brokerage clients14,78216,773(12,652)
Accrued expenses and other liabilities(192)2183,048
Net cash provided by (used for) operating activities9,3112,67019,587
Cash Flows from Investing Activities
Purchases of available for sale securities(8,496)(2,986)(1,487)
Proceeds from sales of available for sale securities8,9873,5328,465
Principal payments on available for sale securities22,95825,58936,508
Purchases of held to maturity securities(1,083)--
Principal payments on held to maturity securities15,26214,72115,461
Net change in bank loans(12,807)(4,787)99
Purchases of equipment, office facilities, and property(548)(620)(700)
Purchases of FHLB stock(1,023)(895)(1,869)
Proceeds from sales of FHLB stock1,6561,3881,344
Purchases of Federal Reserve stock(9)(189)(221)
Proceeds from sales of Federal Reserve stock11-98
Other investing activities(370)(322)(287)
Net cash provided by (used for) investing activities24,53835,43157,411
Cash Flows from Financing Activities
Net change in bank deposits(3,374)(30,832)(76,771)
Proceeds from FHLB borrowings28,36023,00149,200
Repayments of FHLB borrowings(43,210)(32,701)(35,200)
Proceeds from other short-term borrowings37,04627,01717,000
Repayments of other short-term borrowings(36,184)(27,571)(15,104)
Issuances of long-term debt1,986-6,097
Repayments of long-term debt(2,248)(3,682)(831)
Repurchases of common stock and nonvoting common stock(7,346)-(2,842)
Redemption and repurchase of preferred stock(2,458)-(467)
Dividends paid(2,329)(2,275)(2,276)
Proceeds from stock options exercised1568449
Other financing activities(101)(101)(100)
Net cash provided by (used for) financing activities(29,702)(47,060)(61,245)
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted4,147(8,959)15,753
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year65,51474,47358,720
Cash and Cash Equivalents, including Amounts Restricted at End of Year69,66165,51474,473