Charles Schwab Corp (the) Financials
Charles Schwab Corp (the) (SCHW) reported $23.9B in revenue for fiscal year 2025, up 22.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A funding-cost reset on a nearly $491.0B balance sheet drove Schwab’s 2025 cash and earnings rebound.
From FY2024 to FY2025, revenue increased by$4.3B while interest expense fell by$2.6B , a combination that points to funding-cost relief rather than simple top-line momentum. Because SG&A increased only$448M as operating cash flow reached$9.3B , the rebound appears to come from better balance-sheet economics, not from aggressive cost cutting.
With assets of
Capital spending was only
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Charles Schwab Corp (the)'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Charles Schwab Corp (the), and counted as zero in the overall score.
Charles Schwab Corp (the) passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Charles Schwab Corp (the) reported $8.9M of net income while generating $9.3B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Charles Schwab Corp (the) generated $23.9B in revenue in fiscal year 2025. This represents an increase of 22.0% from the prior year.
Charles Schwab Corp (the) reported $8.9M in net income in fiscal year 2025. This represents an increase of 49.0% from the prior year.
Charles Schwab Corp (the) earned $4.65 per diluted share (EPS) in fiscal year 2025. This represents an increase of 55.5% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Charles Schwab Corp (the) generated $8.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 327.5% from the prior year.
Charles Schwab Corp (the) held $46.0B in cash against $22.2B in long-term debt as of fiscal year 2025.
Charles Schwab Corp (the) paid $1.08 per share in dividends in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Margins & Returns
Charles Schwab Corp (the)'s net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Charles Schwab Corp (the)'s ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Charles Schwab Corp (the) spent $7.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Charles Schwab Corp (the) invested $548.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.6% from the prior year.
Not reported for fiscal year 2025.
SCHW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.0B | $23.9B+22.0% | $19.6B+4.1% | $18.8B-9.3% | $20.8B+12.1% | $18.5B+58.4% | $11.7B+9.0% | $10.7B+5.8% | $10.1B+17.6% | $8.6B+15.2% | $7.5B+17.2% | $6.4B+5.3% | $6.1B+11.5% | $5.4B+11.3% | $4.9B+4.1% | $4.7B |
| SG&A Expenses | $6.9B | $6.5B+7.4% | $6.0B-4.3% | $6.3B+6.4% | $5.9B+8.9% | $5.5B+37.8% | $4.0B+19.1% | $3.3B+8.6% | $3.1B+11.7% | $2.7B+11.0% | $2.5B+10.0% | $2.2B+2.6% | $2.2B+7.7% | $2.0B+12.4% | $1.8B+4.1% | $1.7B |
| Interest Expense | $3.3B | $3.8B-41.3% | $6.4B-4.4% | $6.7B+332.6% | $1.5B+224.6% | $476.0M+13.9% | $418.0M-60.7% | $1.1B+24.2% | $857.0M+150.6% | $342.0M+100.0% | $171.0M+29.5% | $132.0M+29.4% | $102.0M-2.9% | $105.0M-30.0% | $150.0M-14.3% | $175.0M |
| Income Tax | $3.0B | $2.6B+49.0% | $1.8B+33.5% | $1.3B-40.5% | $2.2B+18.7% | $1.9B+85.6% | $1.0B-12.5% | $1.1B+8.4% | $1.1B-18.6% | $1.3B+17.4% | $1.1B+32.7% | $832.0M+4.8% | $794.0M+25.2% | $634.0M+21.5% | $522.0M-1.1% | $528.0M |
| Net Income | $1.3B | $8.9M+49.0% | $5.9M+17.3% | $5.1M-29.5% | $7.2M+22.7% | $5.9M-99.8% | $3.3B-10.9% | $3.7B+5.6% | $3.5B+49.0% | $2.4B+24.6% | $1.9B+30.5% | $1.4B+9.5% | $1.3B+23.3% | $1.1B+15.4% | $928.0M+7.4% | $864.0M |
| EPS (Diluted) | — | $4.65+55.5% | $2.99+17.7% | $2.54-27.4% | $3.50+23.7% | $2.83 | $2.12-20.6% | $2.67+9.0% | $2.45+52.2% | $1.61+22.9% | $1.31+27.2% | $1.03+8.4% | $0.95+21.8% | $0.78+13.0% | $0.69-1.4% | $0.70 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SCHW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $491.0B+2.3% | $479.8B-2.7% | $493.2B-10.6% | $551.8B-17.3% | $667.3B+21.5% | $549.0B+86.7% | $294.0B-0.8% | $296.5B+21.9% | $243.3B+8.9% | $223.4B+21.6% | $183.7B+18.8% | $154.6B+7.7% | $143.6B+7.5% | $133.6B+23.1% | $108.6B |
| Cash & Equivalents | $46.0B+9.4% | $42.1B-2.9% | $43.3B+7.8% | $40.2B-36.2% | $63.0B+56.1% | $40.3B+37.5% | $29.3B+5.0% | $27.9B+96.5% | $14.2B+31.3% | $10.8B-9.6% | $12.0B+5.4% | $11.4B+47.0% | $7.7B-39.0% | $12.7B+45.9% | $8.7B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $410.0M-11.1% | $461.0M+2.2% | $451.0M+16.2% | $388.0M+8.1% | $359.0M+9.5% | $328.0M-21.3% | $417.0M+26.4% | $330.0M |
| Goodwill | $12.0B0.0% | $12.0B0.0% | $12.0B0.0% | $12.0B0.0% | $12.0B0.0% | $12.0B+874.1% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B-0.1% | $1.2B+5.8% | $1.2B |
| Total Liabilities | $441.6B+2.3% | $431.5B-4.6% | $452.2B-12.2% | $515.2B-15.7% | $611.0B+23.9% | $492.9B+81.1% | $272.3B-1.3% | $275.8B+22.7% | $224.7B+8.6% | $207.0B+21.5% | $170.3B+19.2% | $142.8B+7.2% | $133.3B+7.4% | $124.0B+23.0% | $100.8B |
| Long-Term Debt | $22.2B-1.0% | $22.4B-14.2% | $26.1B+25.4% | $20.8B+10.1% | $18.9B+38.7% | $13.6B+83.5% | $7.4B+8.0% | $6.9B+44.7% | $4.8B+65.3% | $2.9B0.0% | $2.9B+51.5% | $1.9B-0.2% | $1.9B+16.6% | $1.6B-18.4% | $2.0B |
| Total Equity | $49.4B+2.2% | $48.4B+18.1% | $41.0B+11.9% | $36.6B-34.9% | $56.3B+0.4% | $56.1B+157.8% | $21.7B+5.2% | $20.7B+11.6% | $18.5B+12.8% | $16.4B+22.5% | $13.4B+13.5% | $11.8B+13.7% | $10.4B+8.3% | $9.6B+24.3% | $7.7B |
| Retained Earnings | $44.1B+17.3% | $37.6B+10.8% | $33.9B+9.1% | $31.1B+19.5% | $26.0B+18.3% | $22.0B+10.1% | $20.0B+15.2% | $17.3B+20.3% | $14.4B+13.9% | $12.6B+12.4% | $11.3B+10.3% | $10.2B+10.2% | $9.3B+8.2% | $8.6B+7.2% | $8.0B |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
SCHW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.4B | $9.3B+248.7% | $2.7B-86.4% | $19.6B+852.2% | $2.1B-2.9% | $2.1B-69.1% | $6.9B-26.5% | $9.3B-25.1% | $12.5B+1584.6% | -$839.0M-123.3% | $3.6B+189.2% | $1.2B-46.9% | $2.3B+41.8% | $1.7B+30.8% | $1.3B-48.6% | $2.5B |
| Capital Expenditures | $628.0M | $548.0M-11.6% | $620.0M-11.4% | $700.0M-27.9% | $971.0M+6.0% | $916.0M+45.2% | $631.0M-10.9% | $708.0M+24.2% | $570.0M+42.5% | $400.0M+15.6% | $346.0M+30.1% | $266.0M-33.5% | $400.0M+60.6% | $249.0M+68.2% | $148.0M-17.8% | $180.0M |
| Free Cash Flow | $10.8B | $8.8B+327.5% | $2.0B-89.1% | $18.9B+1639.1% | $1.1B-9.7% | $1.2B-80.7% | $6.2B-27.8% | $8.6B-27.5% | $11.9B+1059.3% | -$1.2B-138.0% | $3.3B+232.3% | $980.0M-49.7% | $1.9B+38.5% | $1.4B+25.8% | $1.1B-51.1% | $2.3B |
| Investing Cash Flow | -$1.4B | $24.5B-30.7% | $35.4B-38.3% | $57.4B+79.1% | $32.0B+142.4% | -$75.7B+39.9% | -$125.9B-1151.9% | $12.0B+129.5% | -$40.6B-98.1% | -$20.5B+47.2% | -$38.8B | N/A | N/A | N/A | -$16.3B-87.6% | -$8.7B |
| Financing Cash Flow | $3.6B | -$29.7B+36.9% | -$47.1B+23.2% | -$61.2B+10.9% | -$68.7B-171.3% | $96.3B-33.1% | $144.0B+1132.9% | -$13.9B-129.6% | $47.2B+108.7% | $22.6B-35.4% | $35.0B | N/A | N/A | N/A | $19.0B+90.7% | $10.0B |
| Dividends Paid | $2.4B | $2.3B+2.4% | $2.3B0.0% | $2.3B+7.9% | $2.1B+15.8% | $1.8B+42.3% | $1.3B+20.8% | $1.1B+34.7% | $787.0M+32.9% | $592.0M+21.8% | $486.0M+25.6% | $387.0M+3.8% | $373.0M+1.4% | $368.0M+9.2% | $337.0M+14.2% | $295.0M |
| Share Buybacks | N/A | $7.3B | $0-100.0% | $2.8B-16.3% | $3.4B | $0 | $0-100.0% | $2.2B+122.0% | $1.0B | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SCHW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-28.2pp | 28.2%-6.3pp | 34.5%-0.1pp | 34.6%+7.3pp | 27.3%+2.1pp | 25.3%+2.6pp | 22.7%+0.9pp | 21.8%+2.1pp | 19.7%+0.7pp | 19.0%+0.6pp | 18.4% |
| Return on Equity | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-5.9pp | 5.9%-11.2pp | 17.0%+0.1pp | 17.0%+4.3pp | 12.7%+1.2pp | 11.5%+0.7pp | 10.8%-0.4pp | 11.2%+0.9pp | 10.3%+0.6pp | 9.7%-1.5pp | 11.2% |
| Return on Assets | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-0.6pp | 0.6%-0.7pp | 1.3%+0.1pp | 1.2%+0.2pp | 1.0%+0.1pp | 0.9%+0.1pp | 0.8%-0.1pp | 0.9%+0.1pp | 0.8%+0.1pp | 0.7%-0.1pp | 0.8% |
| Debt-to-Equity | 0.450.0x | 0.46-0.2x | 0.64+0.1x | 0.57+0.2x | 0.34+0.1x | 0.24-0.1x | 0.340.0x | 0.33+0.1x | 0.26+0.1x | 0.180.0x | 0.21+0.1x | 0.160.0x | 0.180.0x | 0.17-0.1x | 0.26 |
| FCF Margin | 36.6%+26.2pp | 10.5% | 100.3% | 5.2%-1.3pp | 6.5%-46.7pp | 53.2%-27.2pp | 80.4% | 117.3% | -14.4%-57.9pp | 43.5%+28.2pp | 15.4%-16.8pp | 32.2%+6.3pp | 25.9%+3.0pp | 22.9%-25.8pp | 48.7% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Charles Schwab Corp (the) Ranks
Frequently Asked Questions
What is Charles Schwab Corp (the)'s annual revenue?
Charles Schwab Corp (the) (SCHW) reported $23.9B in total revenue for fiscal year 2025. This represents a 22.0% 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 Charles Schwab Corp (the)'s revenue growing?
Charles Schwab Corp (the) (SCHW) revenue grew by 22.0% year-over-year, from $19.6B to $23.9B in fiscal year 2025.
Is Charles Schwab Corp (the) profitable?
Yes, Charles Schwab Corp (the) (SCHW) reported a net income of $8.9M in fiscal year 2025, with a net profit margin of 0.0%.
How much debt does Charles Schwab Corp (the) have?
As of fiscal year 2025, Charles Schwab Corp (the) (SCHW) had $46.0B in cash and equivalents against $22.2B in long-term debt.
What is Charles Schwab Corp (the)'s net profit margin?
Charles Schwab Corp (the) (SCHW) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Charles Schwab Corp (the) pay dividends?
Yes, Charles Schwab Corp (the) (SCHW) paid $1.08 per share in dividends during fiscal year 2025.
What is Charles Schwab Corp (the)'s return on equity (ROE)?
Charles Schwab Corp (the) (SCHW) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Charles Schwab Corp (the)'s free cash flow?
Charles Schwab Corp (the) (SCHW) generated $8.8B in free cash flow during fiscal year 2025. This represents a 327.5% 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 Charles Schwab Corp (the)'s operating cash flow?
Charles Schwab Corp (the) (SCHW) generated $9.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Charles Schwab Corp (the)'s total assets?
Charles Schwab Corp (the) (SCHW) had $491.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Charles Schwab Corp (the)'s capital expenditures?
Charles Schwab Corp (the) (SCHW) invested $548.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Charles Schwab Corp (the)'s debt-to-equity ratio?
Charles Schwab Corp (the) (SCHW) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Charles Schwab Corp (the)'s return on assets (ROA)?
Charles Schwab Corp (the) (SCHW) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Charles Schwab Corp (the)'s Piotroski F-Score?
Charles Schwab Corp (the) (SCHW) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Charles Schwab Corp (the)'s earnings high quality?
Charles Schwab Corp (the) (SCHW) reported $8.9M of net income while generating $9.3B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 Charles Schwab Corp (the)?
Charles Schwab Corp (the) (SCHW) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.