Schwab (CHARLES) Corp. (The) Financials

SCHW

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Schwab (CHARLES) Corp. (The) (SCHW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 59/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Schwab (CHARLES) Corp. (The)'s revenue grew a modest 4.1% year-over-year to $19.6B. This slow but positive growth earns a score of 40/100.

Leverage

Schwab (CHARLES) Corp. (The) carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Schwab (CHARLES) Corp. (The) has a free cash flow margin of 10.5%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Schwab (CHARLES) Corp. (The)'s ROE of 12.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 12.4% the prior year.

Piotroski F-Score Neutral

5/9

Schwab (CHARLES) Corp. (The) passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.45x

For every $1 of reported earnings, Schwab (CHARLES) Corp. (The) generates $0.45 in operating cash flow ($2.7B OCF vs $5.9B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$19.6B

YoY+4.1%

5Y CAGR+12.8%

10Y CAGR+12.5%

Schwab (CHARLES) Corp. (The) generated $19.6B in revenue in fiscal year 2024. This represents an increase of 4.1% from the prior year.

EBITDA

N/A

Free Cash Flow

$2.0B

YoY-89.1%

5Y CAGR-25.0%

10Y CAGR+0.5%

Schwab (CHARLES) Corp. (The) generated $2.0B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 89.1% from the prior year.

Net Income

$5.9B

YoY+17.3%

5Y CAGR+9.9%

10Y CAGR+16.2%

Schwab (CHARLES) Corp. (The) reported $5.9B in net income in fiscal year 2024. This represents an increase of 17.3% from the prior year.

EPS (Diluted)

$2.99

YoY+17.7%

5Y CAGR+2.3%

10Y CAGR+12.1%

Schwab (CHARLES) Corp. (The) earned $2.99 per diluted share (EPS) in fiscal year 2024. This represents an increase of 17.7% from the prior year.

Cash & Debt

$42.1B

YoY-2.9%

5Y CAGR+7.5%

10Y CAGR+14.0%

Schwab (CHARLES) Corp. (The) held $42.1B in cash against $22.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY+0.0%

5Y CAGR+8.0%

10Y CAGR+15.3%

Schwab (CHARLES) Corp. (The) paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

1.81B

5Y CAGR+7.1%

10Y CAGR+3.3%

Schwab (CHARLES) Corp. (The) had 1.81B shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

30.3%

YoY+3.4pp

5Y CAGR-4.2pp

10Y CAGR+8.5pp

Schwab (CHARLES) Corp. (The)'s net profit margin was 30.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.4 percentage points from the prior year.

Return on Equity

12.3%

YoY-0.1pp

5Y CAGR-4.8pp

10Y CAGR+1.1pp

Schwab (CHARLES) Corp. (The)'s ROE was 12.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Schwab (CHARLES) Corp. (The) spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$620.0M

YoY-11.4%

5Y CAGR-2.6%

10Y CAGR+4.5%

Schwab (CHARLES) Corp. (The) invested $620.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 11.4% from the prior year.

SCHW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$19.6B+4.1%	$18.8B-9.3%	$20.8B+12.1%	$18.5B+58.4%	$11.7B+9.0%	$10.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.4B-4.4%	$6.7B+332.6%	$1.5B+224.6%	$476.0M+13.9%	$418.0M-60.7%	$1.1B
Income Tax	$1.8B+33.5%	$1.3B-40.5%	$2.2B+18.7%	$1.9B+85.6%	$1.0B-12.5%	$1.1B
Net Income	$5.9B+17.3%	$5.1B-29.5%	$7.2B+22.7%	$5.9B+77.5%	$3.3B-10.9%	$3.7B
EPS (Diluted)	$2.99+17.7%	$2.54-27.4%	$3.50+23.7%	$2.83+33.5%	$2.12-20.6%	$2.67

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$6.1B+4.9%	$5.9B+4.5%	$5.6B+5.1%	$5.3B+13.6%	$4.7B-1.1%	$4.7B+6.3%	$4.5B-3.2%	$4.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$906.0M-6.1%	$965.0M-8.2%	$1.1B-20.4%	$1.3B-20.4%	$1.7B-2.9%	$1.7B-6.8%	$1.8B+2.3%	$1.8B
Income Tax	$663.0M-2.1%	$677.0M+24.0%	$546.0M+17.4%	$465.0M+12.0%	$415.0M-4.8%	$436.0M+192.6%	$149.0M-42.2%	$258.0M
Net Income	$2.4B+10.9%	$2.1B+11.4%	$1.9B+3.8%	$1.8B+38.1%	$1.3B-2.2%	$1.4B+30.3%	$1.0B-7.1%	$1.1B
EPS (Diluted)	$1.26+16.7%	$1.08+9.1%	$0.99+5.3%	$0.94+42.4%	$0.66-2.9%	$0.68+33.3%	$0.51-8.9%	$0.56

SCHW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$479.8B-2.7%	$493.2B-10.6%	$551.8B-17.3%	$667.3B+21.5%	$549.0B+86.7%	$294.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$42.1B-2.9%	$43.3B+7.8%	$40.2B-36.2%	$63.0B+56.1%	$40.3B+37.5%	$29.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B+874.1%	$1.2B
Total Liabilities	$431.5B-4.6%	$452.2B-12.2%	$515.2B-15.7%	$611.0B+23.9%	$492.9B+81.1%	$272.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$22.4B-14.2%	$26.1B+25.4%	$20.8B+10.1%	$18.9B+38.7%	$13.6B+83.5%	$7.4B
Total Equity	$48.4B+18.1%	$41.0B+11.9%	$36.6B-34.9%	$56.3B+0.4%	$56.1B+157.8%	$21.7B
Retained Earnings	$37.6B+10.8%	$33.9B+9.1%	$31.1B+19.5%	$26.0B+18.3%	$22.0B+10.1%	$20.0B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$465.3B+1.4%	$458.9B-0.9%	$462.9B-3.5%	$479.8B+6.7%	$449.7B-4.1%	$468.8B-4.9%	$493.2B+3.8%	$475.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$30.6B-5.0%	$32.2B-8.0%	$35.0B-16.8%	$42.1B+66.0%	$25.4B-20.2%	$31.8B-26.7%	$43.3B+30.3%	$33.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B0.0%	$12.0B
Total Liabilities	$415.9B+1.6%	$409.5B-0.9%	$413.4B-4.2%	$431.5B+6.3%	$405.7B-4.8%	$426.4B-5.7%	$452.2B+3.4%	$437.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$20.2B0.0%	$20.2B-5.9%	$21.5B-4.3%	$22.4B-0.1%	$22.4B-1.8%	$22.9B-12.5%	$26.1B+5.3%	$24.8B
Total Equity	$49.4B-0.1%	$49.5B-0.1%	$49.5B+2.3%	$48.4B+10.1%	$44.0B+3.6%	$42.4B+3.5%	$41.0B+8.4%	$37.8B
Retained Earnings	$42.2B+4.4%	$40.4B+3.8%	$38.9B+3.5%	$37.6B+6.0%	$35.5B+2.2%	$34.7B+2.4%	$33.9B+1.4%	$33.4B

SCHW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.7B-86.4%	$19.6B+852.2%	$2.1B-2.9%	$2.1B-69.1%	$6.9B-26.5%	$9.3B
Capital Expenditures	$620.0M-11.4%	$700.0M-27.9%	$971.0M+6.0%	$916.0M+45.2%	$631.0M-10.9%	$708.0M
Free Cash Flow	$2.0B-89.1%	$18.9B+1639.1%	$1.1B-9.7%	$1.2B-80.7%	$6.2B-27.8%	$8.6B
Investing Cash Flow	$35.4B-38.3%	$57.4B+79.1%	$32.0B+142.4%	-$75.7B+39.9%	-$125.9B-1151.9%	$12.0B
Financing Cash Flow	-$47.1B+23.2%	-$61.2B+10.9%	-$68.7B-171.3%	$96.3B-33.1%	$144.0B+1132.9%	-$13.9B
Dividends Paid	$2.3B0.0%	$2.3B+7.9%	$2.1B+15.8%	$1.8B+42.3%	$1.3B+20.8%	$1.1B
Share Buybacks	$0-100.0%	$2.8B-16.3%	$3.4B	$0	$0-100.0%	$2.2B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$538.0M-83.1%	$3.2B-50.0%	$6.4B+158.7%	-$10.8B-154.6%	-$4.3B-215.2%	-$1.3B-106.7%	$20.0B+499.9%	-$5.0B
Capital Expenditures	$145.0M+13.3%	$128.0M+9.4%	$117.0M-53.9%	$254.0M+185.4%	$89.0M-40.3%	$149.0M+136.5%	$63.0M-73.6%	$239.0M
Free Cash Flow	$393.0M-87.1%	$3.0B-51.2%	$6.2B+156.3%	-$11.1B-155.3%	-$4.3B-189.8%	-$1.5B-107.5%	$20.0B+480.5%	-$5.3B
Investing Cash Flow	$6.1B-32.3%	$9.1B-13.3%	$10.5B+35.4%	$7.7B-20.3%	$9.7B+2.4%	$9.5B-2.1%	$9.7B-47.8%	$18.5B
Financing Cash Flow	-$7.4B+60.4%	-$18.7B+8.3%	-$20.4B-1369.5%	$1.6B+110.0%	-$16.0B+35.8%	-$24.9B-16191.5%	-$153.0M+99.4%	-$27.7B
Dividends Paid	$562.0M-7.6%	$608.0M+2.2%	$595.0M+3.5%	$575.0M0.0%	$575.0M+2.3%	$562.0M-1.9%	$573.0M+2.1%	$561.0M
Share Buybacks	N/A	N/A	$1.5B	$0	$0	$0	$0	$0

SCHW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.3%+3.4pp	26.9%-7.7pp	34.6%+3.0pp	31.6%+3.4pp	28.2%-6.3pp	34.5%
Return on Equity	12.3%-0.1pp	12.4%-7.3pp	19.6%+9.2pp	10.4%+4.5pp	5.9%-11.2pp	17.0%
Return on Assets	1.2%+0.2pp	1.0%-0.3pp	1.3%+0.4pp	0.9%+0.3pp	0.6%-0.7pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.46-0.2	0.64+0.1	0.57+0.2	0.34+0.1	0.24-0.1	0.34
FCF Margin	10.5%-89.8pp	100.3%+95.0pp	5.2%-1.3pp	6.5%-46.7pp	53.2%-27.2pp	80.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	38.4%+2.1pp	36.3%+2.2pp	34.1%-0.4pp	34.5%+6.1pp	28.4%-0.3pp	28.7%+5.3pp	23.4%-1.0pp	24.4%
Return on Equity	4.8%+0.5pp	4.3%+0.4pp	3.9%+0.1pp	3.8%+0.8pp	3.0%-0.2pp	3.2%+0.7pp	2.5%-0.4pp	3.0%
Return on Assets	0.5%+0.1pp	0.5%+0.0pp	0.4%+0.0pp	0.4%+0.1pp	0.3%+0.0pp	0.3%+0.1pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.410.0	0.41-0.0	0.43-0.0	0.46-0.0	0.51-0.0	0.54-0.1	0.64-0.0	0.66
FCF Margin	6.4%-45.7pp	52.1%-59.4pp	111.5%+319.4pp	-207.9%-115.4pp	-92.6%-61.0pp	-31.6%-479.5pp	447.9%+561.9pp	-114.0%

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Frequently Asked Questions

What is Schwab (CHARLES) Corp. (The)'s annual revenue?

Schwab (CHARLES) Corp. (The) (SCHW) reported $19.6B in total revenue for fiscal year 2024. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Schwab (CHARLES) Corp. (The)'s revenue growing?

Schwab (CHARLES) Corp. (The) (SCHW) revenue grew by 4.1% year-over-year, from $18.8B to $19.6B in fiscal year 2024.

Is Schwab (CHARLES) Corp. (The) profitable?

Yes, Schwab (CHARLES) Corp. (The) (SCHW) reported a net income of $5.9B in fiscal year 2024, with a net profit margin of 30.3%.

What is Schwab (CHARLES) Corp. (The)'s earnings per share (EPS)?

Schwab (CHARLES) Corp. (The) (SCHW) reported diluted earnings per share of $2.99 for fiscal year 2024. This represents a 17.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Schwab (CHARLES) Corp. (The) have?

As of fiscal year 2024, Schwab (CHARLES) Corp. (The) (SCHW) had $42.1B in cash and equivalents against $22.4B in long-term debt.

What is Schwab (CHARLES) Corp. (The)'s net profit margin?

Schwab (CHARLES) Corp. (The) (SCHW) had a net profit margin of 30.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Schwab (CHARLES) Corp. (The) pay dividends?

Yes, Schwab (CHARLES) Corp. (The) (SCHW) paid $1.00 per share in dividends during fiscal year 2024.

What is Schwab (CHARLES) Corp. (The)'s return on equity (ROE)?

Schwab (CHARLES) Corp. (The) (SCHW) has a return on equity of 12.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Schwab (CHARLES) Corp. (The)'s free cash flow?

Schwab (CHARLES) Corp. (The) (SCHW) generated $2.0B in free cash flow during fiscal year 2024. This represents a -89.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Schwab (CHARLES) Corp. (The)'s operating cash flow?

Schwab (CHARLES) Corp. (The) (SCHW) generated $2.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Schwab (CHARLES) Corp. (The)'s total assets?

Schwab (CHARLES) Corp. (The) (SCHW) had $479.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Schwab (CHARLES) Corp. (The)'s capital expenditures?

Schwab (CHARLES) Corp. (The) (SCHW) invested $620.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Schwab (CHARLES) Corp. (The) have outstanding?

Schwab (CHARLES) Corp. (The) (SCHW) had 1.81B shares outstanding as of fiscal year 2024.

What is Schwab (CHARLES) Corp. (The)'s debt-to-equity ratio?

Schwab (CHARLES) Corp. (The) (SCHW) had a debt-to-equity ratio of 0.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Schwab (CHARLES) Corp. (The)'s return on assets (ROA)?

Schwab (CHARLES) Corp. (The) (SCHW) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Schwab (CHARLES) Corp. (The)'s Piotroski F-Score?

Schwab (CHARLES) Corp. (The) (SCHW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Schwab (CHARLES) Corp. (The)'s earnings high quality?

Schwab (CHARLES) Corp. (The) (SCHW) has an earnings quality ratio of 0.45x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Schwab (CHARLES) Corp. (The)?

Schwab (CHARLES) Corp. (The) (SCHW) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.