v3.25.4
The Charles Schwab Corporation - Parent Company Only Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Income
Condensed Statements of Income
Year Ended December 31,202520242023
Interest revenue$509 $628 $545 
Interest expense(883)(837)(717)
Net interest expense(374)(209)(172)
Other revenue15 — — 
Expenses Excluding Interest:
Professional services(24)(34)(21)
Regulatory fees and assessments(12)(14)(16)
Compensation and benefits(5)(6)(8)
Other expenses excluding interest(109)(139)(112)
Loss before income tax benefit and equity in net income of subsidiaries(509)(402)(329)
Taxes on income77 74 60 
Loss before equity in net income of subsidiaries(432)(328)(269)
Equity in net income of subsidiaries:   
Equity in undistributed net income (distributions in excess of net income) of subsidiaries(3,896)3,838 1,318 
Dividends from bank subsidiaries8,065 185 — 
Dividends from non-bank subsidiaries5,115 2,247 4,018 
Net Income8,852 5,942 5,067 
Preferred stock dividends and other
435 464 418 
Net Income Available to Common Stockholders$8,417 $5,478 $4,649 
Condensed Balance Sheets
Condensed Balance Sheets
December 31,20252024
Assets  
Cash and cash equivalents$12,829 $10,538 
Receivables from subsidiaries1,385 1,319 
Available for sale securities2,043 1,980 
Loans to non-bank subsidiaries750 — 
Investment in non-bank subsidiaries35,086 34,075 
Investment in bank subsidiaries21,418 22,638 
Other assets932 866 
Total assets$74,443 $71,416 
Liabilities and Stockholders’ Equity  
Accrued expenses and other liabilities$1,002 $751 
Payables to subsidiaries74 78 
Short-term borrowings1,863 — 
Long-term debt22,079 22,212 
Total liabilities25,018 23,041 
Stockholders’ equity49,425 48,375 
Total liabilities and stockholders’ equity$74,443 $71,416 
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows 
Year Ended December 31,202520242023
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:   
Dividends in excess of (equity in undistributed) earnings of subsidiaries3,896 (3,838)(1,318)
Other(6)(64)(35)
Net change in:  
Other assets28 (175)(106)
Payables to brokers, dealers, and clearing organizations3 — — 
Accrued expenses and other liabilities161 31 77 
Net cash provided by (used for) operating activities12,934 1,896 3,685 
Cash Flows from Investing Activities   
Due from (to) subsidiaries — net300 862 (174)
Return of (increase in) investments in subsidiaries187 2,205 (2,720)
Repayments (advances) of subordinated loan to CS&Co(750)— — 
Purchases of available for sale securities(4,475)(2,985)(1,486)
Proceeds from sales of available for sale securities1,469 1 — 
Principal payments on available for sale securities3,003 3,048 3,721 
Other investing activities(53)(24)(7)
Net cash provided by (used for) investing activities(319)3,107 (666)
Cash Flows from Financing Activities   
Proceeds from short-term borrowings3,865 — 344 
Repayments of short-term borrowings(2,055)— (598)
Issuances of long-term debt1,986 — 6,097 
Repayments of long-term debt(2,143)(3,600)(800)
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 exercised156 84 49 
Net cash provided by (used for) financing activities(10,324)(5,791)(493)
Increase (Decrease) in Cash and Cash Equivalents2,291 (788)2,526 
Cash and Cash Equivalents at Beginning of Year10,538 11,326 8,800 
Cash and Cash Equivalents at End of Year$12,829 $10,538 $11,326