v3.25.4
Goodwill and Acquired Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets Goodwill and Acquired Intangible Assets
The changes in the carrying amount of goodwill, as allocated to our reportable segments, are presented in the following table:
Investor
Services		Advisor
Services		Total
December 31, 2023$7,969 $3,982 $11,951 
Goodwill acquired and other changes during the period (1)
114 (114)— 
December 31, 2024$8,083 $3,868 $11,951 
Goodwill acquired and other changes during the period
— — — 
December 31, 2025$8,083 $3,868 $11,951 
(1) In connection with certain changes in Schwab’s organizational management structure, in the fourth quarter of 2024, the Retirement Business Services business unit was transferred from the Advisor Services segment to the Investor Services segment. Related goodwill amounts were transferred from the Advisor Services segment to the Investor Services segment.

We performed an assessment of each of the Company’s reporting units as of our annual testing date. Based on this analysis, we concluded that goodwill was not impaired. There were no indicators that goodwill was impaired after our annual testing date. Schwab did not recognize any goodwill impairment in any of the years presented.
Acquired intangible assets are detailed below:
December 31, 2025December 31, 2024
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Client relationships$9,819 $(2,679)$7,140 $9,819 $(2,171)$7,648 
Technology216 (216)— 216 (212)4 
Trade names113 (20)93 111 (20)91 
Total acquired intangible assets$10,148 $(2,915)$7,233 $10,146 $(2,403)$7,743 

Estimated future annual amortization expense for acquired intangible assets as of December 31, 2025 is as follows:
2026$508 
2027508 
2028507 
2029507 
2030507 
Thereafter4,603 
Total $7,140 
Note: The above schedule excludes indefinite-lived intangible assets of $93 million.