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SCHWAB CHARLES CORPeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00072.8s10/10 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$23.9BR11 Total net revenues23,921 millions$23.9B ✓
Operating income-not printed on this statement--
Net income attributable to the company$8.9BR25 Net Income8,852 millions$8.9B ✓
Diluted EPS$4.65R33 Diluted4.65$4.65 ✓
Cash and cash equivalents$46.0BR4 Cash and cash equivalents46,030 millions$46.0B ✓
Total assets$491.0BR15 Total assets490,995 millions$491.0B ✓
Total liabilities$441.6BR24 Total liabilities441,570 millions$441.6B ✓
Total shareholders' equity attributable to the company$49.4BR33 Total stockholders’ equity49,425 millions$49.4B ✓
Net cash from operating activities$9.3BR20 Net cash provided by (used for) operating activities9,311 millions$9.3B ✓
Net cash from investing activities$24.5BR34 Net cash provided by (used for) investing activities24,538 millions$24.5B ✓
Net cash from financing activities-$29.7BR48 Net cash provided by (used for) financing activities(29,702) millions-$29.7B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing = 4147000000, but the printed net change in cash is -12807000000 or -3374000000

trace

  1. 0locator (code)0.23s
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    {
  "income": {
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    "heading": "- 59 - THE CHARLES SCHWAB CORPORATION",
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    "scale": 1000000,
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    "heading": "See Notes to Consolidated Financial Statements. - 61 - THE CHARLES SCHWAB CORPORATION",
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  "cashflow": {
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    "scale": 1000000,
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    "heading": "See Notes to Consolidated Financial Statements. - 63 - THE CHARLES SCHWAB CORPORATION",
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  2. 1income statement agent2.03s · 1616 tokens · $0.0002
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      "note": "Net Income is the printed net income before preferred dividends; the common-stockholder amount is after preferred dividends.",
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  3. 2cash flow agent2.03s · 1852 tokens · $0.0002
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      "note": "This is the operating activities section total, including changes in working capital.",
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    {
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    {
      "note": "This is the financing activities section total.",
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      "scale": 1000000,
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  4. 3balance sheet agent2.03s · 1609 tokens · $0.0002
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  },
  {
    "name": "cash_flow_tie",
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Income statement

table #34 · current period is figure column 1
0Consolidated Statements of Income
1(In Millions, Except Per Share Amounts)
2Year Ended December 31,202520242023
3Net Revenues
4Interest revenue15,50415,53716,111
5Interest expense(3,754)(6,393)(6,684)
6Net interest revenue11,7509,1449,427
7Asset management and administration fees6,5065,7164,756
8Trading revenue3,9213,2643,230
9Bank deposit account fees977729705
10Other767753719
11Total net revenues← Total revenue23,92119,60618,837
12Expenses Excluding Interest
13Compensation and benefits6,4916,0436,315
14Professional services1,1971,0531,058
15Occupancy and equipment1,1171,0601,254
16Advertising and market development420397397
17Communications620591629
18Depreciation and amortization850916804
19Amortization of acquired intangible assets512519534
20Regulatory fees and assessments287398547
21Other968937921
22Total expenses excluding interest12,46211,91412,459
23Income before taxes on income11,4597,6926,378
24Taxes on income2,6071,7501,311
25Net Income← Net income attributable to the company8,8525,9425,067
26Preferred stock dividends and other435464418
27Net Income Available to Common Stockholders8,4175,4784,649
28Weighted-Average Common Shares Outstanding:
29Basic1,8041,8281,824
30Diluted1,8091,8341,831
31Earnings Per Common Shares Outstanding (1):
32Basic4.673.002.55
33Diluted← Diluted EPS4.652.992.54

Balance sheet

table #36 · current period is figure column 1
0Consolidated Balance Sheets
1(In Millions, Except Per Share and Share Amounts)
2December 31,20252024
3Assets
4Cash and cash equivalents← Cash and cash equivalents46,03042,083
5Cash 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
6Receivables from brokers, dealers, and clearing organizations7,1902,440
7Receivables from brokerage clients - net104,66085,374
8Available 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
9Held to maturity securities (including assets pledged of $1,270 and $5,920 at December 31, 2025 and 2024, respectively)133,969146,453
10Bank loans - net57,95545,215
11Equipment, office facilities, and property - net3,0913,338
12Goodwill11,95111,951
13Acquired intangible assets - net7,2337,743
14Other assets13,62814,031
15Total assets← Total assets490,995479,843
16Liabilities and Stockholders’ Equity
17Bank deposits255,747259,121
18Payables to brokers, dealers, and clearing organizations25,68913,336
19Payables to brokerage clients116,341101,559
20Accrued expenses and other liabilities12,83112,325
21Other short-term borrowings6,9135,999
22Federal Home Loan Bank borrowings1,85016,700
23Long-term debt22,19922,428
24Total liabilities← Total liabilities441,570431,468
25Stockholders’ equity:
26Preferred stock - $.01 par value per share; aggregate liquidation preference of $6,871 and $9,329 at December 31, 2025 and 2024, respectively6,7639,191
27Common 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
28Nonvoting 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
29Additional paid-in capital27,99627,639
30Retained earnings44,06537,568
31Treasury stock, at cost - 315,863,800 and 242,977,194 shares at December 31, 2025 and 2024, respectively(18,437)(11,196)
32Accumulated other comprehensive income (loss)(10,983)(14,848)
33Total stockholders’ equity← Total shareholders' equity attributable to the company49,42548,375
34Total liabilities and stockholders’ equity490,995479,843

Cash flow statement

table #38 · current period is figure column 1
0Consolidated Statements of Cash Flows
1(In Millions)
2Year Ended December 31,202520242023
3Cash Flows from Operating Activities
4Net income8,8525,9425,067
5Adjustments to reconcile net income to net cash provided by (used for) operating activities:
6Share-based compensation317337320
7Depreciation and amortization850916804
8Amortization of acquired intangible assets512519534
9Provision (benefit) for deferred income taxes361(191)(478)
10Premium amortization, net, on available for sale and held to maturity securities695806830
11Other729552702
12Net change in:
13Investments segregated and on deposit for regulatory purposes(4,510)(14,090)23,759
14Receivables from brokers, dealers, and clearing organizations(4,750)887(451)
15Receivables from brokerage clients(19,390)(16,779)(2,135)
16Other assets(1,298)92(1,569)
17Payables to brokers, dealers, and clearing organizations12,3536,6881,808
18Payables to brokerage clients14,78216,773(12,652)
19Accrued expenses and other liabilities(192)2183,048
20Net cash provided by (used for) operating activities← Net cash from operating activities9,3112,67019,587
21Cash Flows from Investing Activities
22Purchases of available for sale securities(8,496)(2,986)(1,487)
23Proceeds from sales of available for sale securities8,9873,5328,465
24Principal payments on available for sale securities22,95825,58936,508
25Purchases of held to maturity securities(1,083)--
26Principal payments on held to maturity securities15,26214,72115,461
27Net change in bank loans(12,807)(4,787)99
28Purchases of equipment, office facilities, and property(548)(620)(700)
29Purchases of FHLB stock(1,023)(895)(1,869)
30Proceeds from sales of FHLB stock1,6561,3881,344
31Purchases of Federal Reserve stock(9)(189)(221)
32Proceeds from sales of Federal Reserve stock11-98
33Other investing activities(370)(322)(287)
34Net cash provided by (used for) investing activities← Net cash from investing activities24,53835,43157,411
35Cash Flows from Financing Activities
36Net change in bank deposits(3,374)(30,832)(76,771)
37Proceeds from FHLB borrowings28,36023,00149,200
38Repayments of FHLB borrowings(43,210)(32,701)(35,200)
39Proceeds from other short-term borrowings37,04627,01717,000
40Repayments of other short-term borrowings(36,184)(27,571)(15,104)
41Issuances of long-term debt1,986-6,097
42Repayments of long-term debt(2,248)(3,682)(831)
43Repurchases of common stock and nonvoting common stock(7,346)-(2,842)
44Redemption and repurchase of preferred stock(2,458)-(467)
45Dividends paid(2,329)(2,275)(2,276)
46Proceeds from stock options exercised1568449
47Other financing activities(101)(101)(100)
48Net cash provided by (used for) financing activities← Net cash from financing activities(29,702)(47,060)(61,245)
49Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted4,147(8,959)15,753
50Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year65,51474,47358,720
51Cash and Cash Equivalents, including Amounts Restricted at End of Year69,66165,51474,473