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SCHW
SCHWAB CHARLES CORPFinancialsanswer key
| field | SEC value | XBRL concept | printed on |
|---|---|---|---|
| Total revenue | $23.9B | Revenues | Total net revenues |
| Operating income | - | not reported | not in this filing's XBRL |
| Net income attributable to the company | $8.9B | NetIncomeLoss | Net Income |
| Diluted EPS | $4.65 | EarningsPerShareDiluted | Diluted |
| Cash and cash equivalents | $46.0B | CashAndCashEquivalentsAtCarryingValue | Cash and cash equivalents |
| Total assets | $491.0B | Assets | Total assets · Total liabilities and stockholders’ equity |
| Total liabilities | $441.6B | Liabilities | Total liabilities |
| Total shareholders' equity attributable to the company | $49.4B | StockholdersEquity | Total stockholders’ equity |
| Net cash from operating activities | $9.3B | NetCashProvidedByUsedInOperatingActivities | Net cash provided by (used for) operating activities |
| Net cash from investing activities | $24.5B | NetCashProvidedByUsedInInvestingActivities | Net cash provided by (used for) investing activities |
| Net cash from financing activities | -$29.7B | NetCashProvidedByUsedInFinancingActivities | Net 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, | 2025 | 2024 | 2023 |
| Net Revenues | |||
| Interest revenue | 15,504 | 15,537 | 16,111 |
| Interest expense | (3,754) | (6,393) | (6,684) |
| Net interest revenue | 11,750 | 9,144 | 9,427 |
| Asset management and administration fees | 6,506 | 5,716 | 4,756 |
| Trading revenue | 3,921 | 3,264 | 3,230 |
| Bank deposit account fees | 977 | 729 | 705 |
| Other | 767 | 753 | 719 |
| Total net revenues | 23,921 | 19,606 | 18,837 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 6,491 | 6,043 | 6,315 |
| Professional services | 1,197 | 1,053 | 1,058 |
| Occupancy and equipment | 1,117 | 1,060 | 1,254 |
| Advertising and market development | 420 | 397 | 397 |
| Communications | 620 | 591 | 629 |
| Depreciation and amortization | 850 | 916 | 804 |
| Amortization of acquired intangible assets | 512 | 519 | 534 |
| Regulatory fees and assessments | 287 | 398 | 547 |
| Other | 968 | 937 | 921 |
| Total expenses excluding interest | 12,462 | 11,914 | 12,459 |
| Income before taxes on income | 11,459 | 7,692 | 6,378 |
| Taxes on income | 2,607 | 1,750 | 1,311 |
| Net Income | 8,852 | 5,942 | 5,067 |
| Preferred stock dividends and other | 435 | 464 | 418 |
| Net Income Available to Common Stockholders | 8,417 | 5,478 | 4,649 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic | 1,804 | 1,828 | 1,824 |
| Diluted | 1,809 | 1,834 | 1,831 |
| Earnings Per Common Shares Outstanding (1): | |||
| Basic | 4.67 | 3.00 | 2.55 |
| Diluted | 4.65 | 2.99 | 2.54 |
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, | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | 46,030 | 42,083 |
| 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) | 42,931 | 38,221 |
| Receivables from brokers, dealers, and clearing organizations | 7,190 | 2,440 |
| Receivables from brokerage clients - net | 104,660 | 85,374 |
| 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) | 62,357 | 82,994 |
| Held to maturity securities (including assets pledged of $1,270 and $5,920 at December 31, 2025 and 2024, respectively) | 133,969 | 146,453 |
| Bank loans - net | 57,955 | 45,215 |
| Equipment, office facilities, and property - net | 3,091 | 3,338 |
| Goodwill | 11,951 | 11,951 |
| Acquired intangible assets - net | 7,233 | 7,743 |
| Other assets | 13,628 | 14,031 |
| Total assets | 490,995 | 479,843 |
| Liabilities and Stockholders’ Equity | ||
| Bank deposits | 255,747 | 259,121 |
| Payables to brokers, dealers, and clearing organizations | 25,689 | 13,336 |
| Payables to brokerage clients | 116,341 | 101,559 |
| Accrued expenses and other liabilities | 12,831 | 12,325 |
| Other short-term borrowings | 6,913 | 5,999 |
| Federal Home Loan Bank borrowings | 1,850 | 16,700 |
| Long-term debt | 22,199 | 22,428 |
| Total liabilities | 441,570 | 431,468 |
| Stockholders’ equity: | ||
| Preferred stock - $.01 par value per share; aggregate liquidation preference of $6,871 and $9,329 at December 31, 2025 and 2024, respectively | 6,763 | 9,191 |
| 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 2024 | 21 | 20 |
| 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 capital | 27,996 | 27,639 |
| Retained earnings | 44,065 | 37,568 |
| 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’ equity | 49,425 | 48,375 |
| Total liabilities and stockholders’ equity | 490,995 | 479,843 |
Cash flow statement
table #38 · score 40 vs 12 runner-up · in millions| Consolidated Statements of Cash Flows | |||
| (In Millions) | |||
| Year Ended December 31, | 2025 | 2024 | 2023 |
| Cash Flows from Operating Activities | |||
| Net income | 8,852 | 5,942 | 5,067 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Share-based compensation | 317 | 337 | 320 |
| Depreciation and amortization | 850 | 916 | 804 |
| Amortization of acquired intangible assets | 512 | 519 | 534 |
| Provision (benefit) for deferred income taxes | 361 | (191) | (478) |
| Premium amortization, net, on available for sale and held to maturity securities | 695 | 806 | 830 |
| Other | 729 | 552 | 702 |
| 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 organizations | 12,353 | 6,688 | 1,808 |
| Payables to brokerage clients | 14,782 | 16,773 | (12,652) |
| Accrued expenses and other liabilities | (192) | 218 | 3,048 |
| Net cash provided by (used for) operating activities | 9,311 | 2,670 | 19,587 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (8,496) | (2,986) | (1,487) |
| Proceeds from sales of available for sale securities | 8,987 | 3,532 | 8,465 |
| Principal payments on available for sale securities | 22,958 | 25,589 | 36,508 |
| Purchases of held to maturity securities | (1,083) | - | - |
| Principal payments on held to maturity securities | 15,262 | 14,721 | 15,461 |
| 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 stock | 1,656 | 1,388 | 1,344 |
| Purchases of Federal Reserve stock | (9) | (189) | (221) |
| Proceeds from sales of Federal Reserve stock | 11 | - | 98 |
| Other investing activities | (370) | (322) | (287) |
| Net cash provided by (used for) investing activities | 24,538 | 35,431 | 57,411 |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | (3,374) | (30,832) | (76,771) |
| Proceeds from FHLB borrowings | 28,360 | 23,001 | 49,200 |
| Repayments of FHLB borrowings | (43,210) | (32,701) | (35,200) |
| Proceeds from other short-term borrowings | 37,046 | 27,017 | 17,000 |
| Repayments of other short-term borrowings | (36,184) | (27,571) | (15,104) |
| Issuances of long-term debt | 1,986 | - | 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 exercised | 156 | 84 | 49 |
| 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 Restricted | 4,147 | (8,959) | 15,753 |
| Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year | 65,514 | 74,473 | 58,720 |
| Cash and Cash Equivalents, including Amounts Restricted at End of Year | 69,661 | 65,514 | 74,473 |