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Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Schwab’s two reportable segments are Investor Services and Advisor Services. Schwab structures the operating segments according to its clients and the services provided to those clients. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent RIAs, independent retirement advisors, and recordkeepers. Revenues and expenses are attributed to the two segments based on which segment services the client. Schwab’s chief operating decision makers (CODMs) are the President and Chief Executive Officer, and the Managing Director and Chief Financial Officer.

The accounting policies of the segments are the same as those described in Item 8 – Note 2 in the 2025 Form 10-K. For the computation of its segment information, Schwab utilizes an activity-based costing model to allocate traditional income statement line item expenses (e.g., compensation and benefits, depreciation and amortization, and professional services) to the business activities driving segment expenses (e.g., client service, opening new accounts, or business development) and a funds transfer pricing methodology to allocate certain revenues.

The CODMs evaluate the performance of the segments on a pre-tax basis and use income before taxes on income to allocate resources, including employees and capital, to the segments during the annual budgeting process. The CODMs consider budget-to-actual variances on a monthly basis when making decisions about allocating resources to the segments throughout the year. Segment assets and liabilities are not used for evaluating segment performance or in deciding how to allocate resources to segments. There are no revenues from transactions between the segments.
Financial information for the segments is presented in the following table:
Investor ServicesAdvisor ServicesTotal
Three Months Ended March 31,202620252026202520262025
Net Revenues
Net interest revenue$2,425 $2,158 $719 $548 $3,144 $2,706 
Asset management and administration fees1,294 1,114 465 416 1,759 1,530 
Trading revenue980 805 109 103 1,089 908 
Bank deposit account fees226 191 69 54 295 245 
Other152 177 43 33 195 210 
Total net revenues5,077 4,445 1,405 1,154 6,482 5,599 
Expenses Excluding Interest
Compensation and benefits1,399 1,285 413 387 1,812 1,672 
Professional services249 214 54 55 303 269 
Occupancy and equipment223 215 62 59 285 274 
Advertising and market development79 64 22 32 101 96 
Communications113 113 50 40 163 153 
Depreciation and amortization153 165 48 52 201 217 
Amortization of acquired intangible assets109 106 23 24 132 130 
Regulatory fees and assessments59 70 16 19 75 89 
Other184 202 38 42 222 244 
Total expenses excluding interest2,568 2,434 726 710 3,294 3,144 
Income before taxes on income$2,509 $2,011 $679 $444 $3,188 $2,455