$SCHW-PD
SCHWAB CHARLES CORP
CIK:0000316709|SEC Filings
Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Net Revenues | ||||||
| Interest revenue | $ 4,146 | $ 3,787 | $ 8,108 | $ 7,544 | ||
| Interest expense | (789) | (965) | (1,607) | (2,016) | ||
| Net interest revenue | 3,357 | 2,822 | 6,501 | 5,528 | ||
| Total net revenues | 7,072 | 5,851 | 13,554 | 11,450 | ||
| Expenses Excluding Interest | ||||||
| Compensation and benefits | 1,790 | 1,536 | 3,602 | 3,208 | ||
| Professional services | 307 | 291 | 610 | 560 | ||
| Occupancy and equipment | 301 | 270 | 586 | 544 | ||
| Advertising and market development | 111 | 108 | 212 | 204 | ||
| Communications | 198 | 176 | 361 | 329 | ||
| Depreciation and amortization | 198 | 215 | 399 | 432 | ||
| Amortization of acquired intangible assets | 142 | 128 | 274 | 258 | ||
| Regulatory fees and assessments | 63 | 77 | 138 | 166 | ||
| Other | 293 | 247 | 515 | 491 | ||
| Total expenses excluding interest | 3,403 | 3,048 | 6,697 | 6,192 | ||
| Income before taxes on income | 3,669 | 2,803 | 6,857 | 5,258 | ||
| Taxes on income | 869 | 677 | 1,578 | 1,223 | ||
| Net Income | 2,800 | 2,126 | 5,279 | 4,035 | ||
| Preferred stock dividends and other | 119 | 149 | 201 | 262 | ||
| Net Income Available to Common Stockholders | $ 2,681 | $ 1,977 | $ 5,078 | $ 3,773 | ||
| Weighted-Average Common Shares Outstanding: | ||||||
| Basic (in shares) | 1,735 | 1,817 | 1,740 | 1,819 | ||
| Diluted (in shares) | 1,739 | 1,822 | 1,745 | 1,825 | ||
| Earnings Per Common Shares Outstanding | ||||||
| Basic (in USD per share) | [1] | $ 1.55 | $ 1.09 | $ 2.92 | $ 2.07 | |
| Diluted (in USD per share) | [1] | $ 1.54 | $ 1.08 | $ 2.91 | $ 2.07 | |
| Asset management and administration fees | ||||||
| Net Revenues | ||||||
| Revenues from contracts with customers | $ 1,825 | $ 1,570 | $ 3,584 | $ 3,100 | ||
| Trading revenue | ||||||
| Net Revenues | ||||||
| Revenues from contracts with customers | 1,215 | 952 | 2,304 | 1,860 | ||
| Bank deposit account fees | ||||||
| Net Revenues | ||||||
| Revenues from contracts with customers | 333 | 247 | 628 | 492 | ||
| Other | ||||||
| Net Revenues | ||||||
| Revenues from contracts with customers | $ 342 | $ 260 | $ 537 | $ 470 | ||
| ||||||
Condensed Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|||
|---|---|---|---|---|---|
| Assets | |||||
| Cash and cash equivalents (including resale agreements of $600 at June 30, 2026) | $ 40,580 | [1] | $ 46,030 | ||
| Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $12,636 and $16,901 at June 30, 2026 and December 31, 2025, respectively) | 33,011 | 42,931 | |||
| Receivables from brokers, dealers, and clearing organizations | 22,004 | 7,190 | |||
| Receivables from brokerage clients — net | 122,848 | 104,660 | |||
| Available for sale securities (amortized cost of $66,312 and $66,225 at June 30, 2026 and December 31, 2025, respectively; including assets pledged of $760 and $281, respectively) | 62,467 | 62,357 | |||
| Held to maturity securities (including assets pledged of $3,933 and $1,270 at June 30, 2026 and December 31, 2025, respectively) | 130,568 | 133,969 | |||
| Bank loans — net | 66,996 | 57,955 | |||
| Equipment, office facilities, and property — net | 3,659 | 3,091 | |||
| Goodwill | 12,290 | 11,951 | |||
| Acquired intangible assets — net | 7,283 | 7,233 | |||
| Other assets | 15,560 | 13,628 | |||
| Total assets | 517,266 | 490,995 | |||
| Liabilities and Stockholders’ Equity | |||||
| Bank deposits | 249,682 | 255,747 | |||
| Payables to brokers, dealers, and clearing organizations | 43,826 | 25,689 | |||
| Payables to brokerage clients | 123,968 | 116,341 | |||
| Accrued expenses and other liabilities | 12,529 | 12,831 | |||
| Other short-term borrowings | 13,945 | 6,913 | |||
| Federal Home Loan Bank borrowings | 500 | 1,850 | |||
| Long-term debt | 22,669 | 22,199 | |||
| Total liabilities | 467,119 | 441,570 | |||
| Stockholders’ equity: | |||||
| Preferred stock — $.01 par value per share; aggregate liquidation preference of $6,315 and $6,871 at June 30, 2026 and December 31, 2025, respectively | 6,213 | 6,763 | |||
| Additional paid-in capital | 28,179 | 27,996 | |||
| Retained earnings | 48,044 | 44,065 | |||
| Treasury stock, at cost — 346,069,683 and 315,863,800 shares at June 30, 2026 and December 31, 2025, respectively | (21,735) | (18,437) | |||
| Accumulated other comprehensive loss | (10,575) | (10,983) | |||
| Total stockholders’ equity | 50,147 | 49,425 | |||
| Total liabilities and stockholders’ equity | 517,266 | 490,995 | |||
| Common stock | |||||
| Stockholders’ equity: | |||||
| Common stock | 21 | 21 | |||
| Nonvoting common stock | |||||
| Stockholders’ equity: | |||||
| Common stock | $ 0 | $ 0 | |||
| |||||