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

Schwab (CHARLES) Corp. (The) (SCHW) reported diluted earnings per share of $4.65 for fiscal year 2025. This represents a 55.5% 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.

Schwab (CHARLES) Corp. (The) Financials

SCHW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 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 19 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 78/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Schwab (CHARLES) Corp. (The)'s revenue surged 22.0% year-over-year to $23.9B, reflecting rapid business expansion. This strong growth earns a score of 70/100.

Leverage

Schwab (CHARLES) Corp. (The) carries a low D/E ratio of 0.45, meaning only $0.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Schwab (CHARLES) Corp. (The) converts 36.6% of revenue into free cash flow ($8.8B). This strong cash generation earns a score of 100/100.

Returns

Schwab (CHARLES) Corp. (The)'s ROE of 17.9% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 12.3% the prior year.

Piotroski F-Score Strong

7/9

Schwab (CHARLES) Corp. (The) passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, Schwab (CHARLES) Corp. (The) generates $1.05 in operating cash flow ($9.3B OCF vs $8.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$23.9B

YoY+22.0%

5Y CAGR+15.4%

10Y CAGR+14.1%

Schwab (CHARLES) Corp. (The) generated $23.9B in revenue in fiscal year 2025. This represents an increase of 22.0% from the prior year.

EBITDA

N/A

Net Income

$8.9B

YoY+49.0%

5Y CAGR+21.8%

10Y CAGR+19.9%

Schwab (CHARLES) Corp. (The) reported $8.9B in net income in fiscal year 2025. This represents an increase of 49.0% from the prior year.

EPS (Diluted)

$4.65

YoY+55.5%

5Y CAGR+17.0%

10Y CAGR+16.3%

Schwab (CHARLES) Corp. (The) earned $4.65 per diluted share (EPS) in fiscal year 2025. This represents an increase of 55.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$8.8B

YoY+327.5%

5Y CAGR+7.1%

10Y CAGR+24.5%

Schwab (CHARLES) 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.

Cash & Debt

$46.0B

YoY+9.4%

5Y CAGR+2.7%

10Y CAGR+14.4%

Schwab (CHARLES) Corp. (The) held $46.0B in cash against $22.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.08

YoY+8.0%

5Y CAGR+8.4%

10Y CAGR+16.2%

Schwab (CHARLES) Corp. (The) paid $1.08 per share in dividends in fiscal year 2025. This represents an increase of 8.0% from the prior year.

Shares Outstanding

1.75B

YoY-3.4%

10Y CAGR+2.9%

Schwab (CHARLES) Corp. (The) had 1.75B shares outstanding in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

37.0%

YoY+6.7pp

5Y CAGR+8.8pp

10Y CAGR+14.3pp

Schwab (CHARLES) Corp. (The)'s net profit margin was 37.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.7 percentage points from the prior year.

Return on Equity

17.9%

YoY+5.6pp

5Y CAGR+12.0pp

10Y CAGR+7.1pp

Schwab (CHARLES) Corp. (The)'s ROE was 17.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$7.3B

Schwab (CHARLES) Corp. (The) spent $7.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$548.0M

YoY-11.6%

5Y CAGR-2.8%

10Y CAGR+7.5%

Schwab (CHARLES) 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.

SCHW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.9B+22.0%	$19.6B+4.1%	$18.8B-9.3%	$20.8B+12.1%	$18.5B+58.4%	$11.7B
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	$3.8B-41.3%	$6.4B-4.4%	$6.7B+332.6%	$1.5B+224.6%	$476.0M+13.9%	$418.0M
Income Tax	$2.6B+49.0%	$1.8B+33.5%	$1.3B-40.5%	$2.2B+18.7%	$1.9B+85.6%	$1.0B
Net Income	$8.9B+49.0%	$5.9B+17.3%	$5.1B-29.5%	$7.2B+22.7%	$5.9B+77.5%	$3.3B
EPS (Diluted)	$4.65+55.5%	$2.99+17.7%	$2.54-27.4%	$3.50+23.7%	$2.83+33.5%	$2.12

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$6.3B+3.3%	$6.1B+4.9%	$5.9B+4.5%	$5.6B+5.1%	$5.3B+9.9%	$4.8B+3.3%	$4.7B-1.1%	$4.7B
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	$832.0M-8.2%	$906.0M-6.1%	$965.0M-8.2%	$1.1B-20.4%	$1.3B-22.6%	$1.7B+2.8%	$1.7B-2.9%	$1.7B
Income Tax	$721.0M+8.7%	$663.0M-2.1%	$677.0M+24.0%	$546.0M+17.4%	$465.0M+7.1%	$434.0M+4.6%	$415.0M-4.8%	$436.0M
Net Income	$2.5B+4.3%	$2.4B+10.9%	$2.1B+11.4%	$1.9B+3.8%	$1.8B+30.7%	$1.4B+5.7%	$1.3B-2.2%	$1.4B
EPS (Diluted)	N/A	$1.26+16.7%	$1.08+9.1%	$0.99	N/A	$0.71+7.6%	$0.66-2.9%	$0.68

SCHW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$491.0B+2.3%	$479.8B-2.7%	$493.2B-10.6%	$551.8B-17.3%	$667.3B+21.5%	$549.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$46.0B+9.4%	$42.1B-2.9%	$43.3B+7.8%	$40.2B-36.2%	$63.0B+56.1%	$40.3B
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%	$12.0B0.0%	$12.0B
Total Liabilities	$441.6B+2.3%	$431.5B-4.6%	$452.2B-12.2%	$515.2B-15.7%	$611.0B+23.9%	$492.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
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
Total Equity	$49.4B+2.2%	$48.4B+18.1%	$41.0B+11.9%	$36.6B-34.9%	$56.3B+0.4%	$56.1B
Retained Earnings	$44.1B+17.3%	$37.6B+10.8%	$33.9B+9.1%	$31.1B+19.5%	$26.0B+18.3%	$22.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$491.0B+5.5%	$465.3B+1.4%	$458.9B-0.9%	$462.9B-3.5%	$479.8B+3.0%	$466.1B+3.6%	$449.7B-4.1%	$468.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$46.0B+50.6%	$30.6B-5.0%	$32.2B-8.0%	$35.0B-16.8%	$42.1B+20.8%	$34.9B+37.5%	$25.4B-20.2%	$31.8B
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	$441.6B+6.2%	$415.9B+1.6%	$409.5B-0.9%	$413.4B-4.2%	$431.5B+3.0%	$418.8B+3.2%	$405.7B-4.8%	$426.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$22.2B+9.9%	$20.2B0.0%	$20.2B-5.9%	$21.5B-4.3%	$22.4B-0.1%	$22.4B0.0%	$22.4B-1.8%	$22.9B
Total Equity	$49.4B+0.1%	$49.4B-0.1%	$49.5B-0.1%	$49.5B+2.3%	$48.4B+2.5%	$47.2B+7.4%	$44.0B+3.6%	$42.4B
Retained Earnings	$44.1B+4.5%	$42.2B+4.4%	$40.4B+3.8%	$38.9B+3.5%	$37.6B+3.5%	$36.3B+2.4%	$35.5B+2.2%	$34.7B

SCHW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$9.3B+248.7%	$2.7B-86.4%	$19.6B+852.2%	$2.1B-2.9%	$2.1B-69.1%	$6.9B
Capital Expenditures	$548.0M-11.6%	$620.0M-11.4%	$700.0M-27.9%	$971.0M+6.0%	$916.0M+45.2%	$631.0M
Free Cash Flow	$8.8B+327.5%	$2.0B-89.1%	$18.9B+1639.1%	$1.1B-9.7%	$1.2B-80.7%	$6.2B
Investing Cash Flow	$24.5B-30.7%	$35.4B-38.3%	$57.4B+79.1%	$32.0B+142.4%	-$75.7B+39.9%	-$125.9B
Financing Cash Flow	-$29.7B+36.9%	-$47.1B+23.2%	-$61.2B+10.9%	-$68.7B-171.3%	$96.3B-33.1%	$144.0B
Dividends Paid	$2.3B+2.4%	$2.3B0.0%	$2.3B+7.9%	$2.1B+15.8%	$1.8B+42.3%	$1.3B
Share Buybacks	$7.3B	$0-100.0%	$2.8B-16.3%	$3.4B	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$763.0M-241.8%	$538.0M-83.1%	$3.2B-50.0%	$6.4B+158.7%	-$10.8B-156.7%	$19.1B+549.2%	-$4.3B-215.2%	-$1.3B
Capital Expenditures	$158.0M+9.0%	$145.0M+13.3%	$128.0M+9.4%	$117.0M-53.9%	$254.0M+98.4%	$128.0M+43.8%	$89.0M-40.3%	$149.0M
Free Cash Flow	-$921.0M-334.4%	$393.0M-87.1%	$3.0B-51.2%	$6.2B+156.3%	-$11.1B-158.4%	$19.0B+537.0%	-$4.3B-189.8%	-$1.5B
Investing Cash Flow	-$1.2B-118.7%	$6.1B-32.3%	$9.1B-13.3%	$10.5B+35.4%	$7.7B-9.2%	$8.5B-12.3%	$9.7B+2.4%	$9.5B
Financing Cash Flow	$16.7B+326.3%	-$7.4B+60.4%	-$18.7B+8.3%	-$20.4B-1369.5%	$1.6B+120.8%	-$7.7B+51.7%	-$16.0B+35.8%	-$24.9B
Dividends Paid	$564.0M+0.4%	$562.0M-7.6%	$608.0M+2.2%	$595.0M+3.5%	$575.0M+2.1%	$563.0M-2.1%	$575.0M+2.3%	$562.0M
Share Buybacks	N/A	N/A	N/A	$1.5B	$0	$0	$0	$0

SCHW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	37.0%+6.7pp	30.3%+3.4pp	26.9%-7.7pp	34.6%+3.0pp	31.6%+3.4pp	28.2%
Return on Equity	17.9%+5.6pp	12.3%-0.1pp	12.4%-7.3pp	19.6%+9.2pp	10.4%+4.5pp	5.9%
Return on Assets	1.8%+0.6pp	1.2%+0.2pp	1.0%-0.3pp	1.3%+0.4pp	0.9%+0.3pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.45-0.0	0.46-0.2	0.64+0.1	0.57+0.2	0.34+0.1	0.24
FCF Margin	36.6%+26.2pp	10.5%-89.8pp	100.3%+95.0pp	5.2%-1.3pp	6.5%-46.7pp	53.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	38.8%+0.4pp	38.4%+2.1pp	36.3%+2.2pp	34.1%-0.4pp	34.5%+5.5pp	29.0%+0.7pp	28.4%-0.3pp	28.7%
Return on Equity	5.0%+0.2pp	4.8%+0.5pp	4.3%+0.4pp	3.9%+0.1pp	3.8%+0.8pp	3.0%-0.1pp	3.0%-0.2pp	3.2%
Return on Assets	0.5%-0.0pp	0.5%+0.1pp	0.5%+0.0pp	0.4%+0.0pp	0.4%+0.1pp	0.3%0.0pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.45+0.0	0.410.0	0.41-0.0	0.43-0.0	0.46-0.0	0.48-0.0	0.51-0.0	0.54
FCF Margin	-14.5%-21.0pp	6.4%-45.7pp	52.1%-59.4pp	111.5%+319.4pp	-207.9%-599.3pp	391.4%+483.9pp	-92.6%-61.0pp	-31.6%

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Frequently Asked Questions

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

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

Schwab (CHARLES) Corp. (The) (SCHW) revenue grew by 22% year-over-year, from $19.6B to $23.9B in fiscal year 2025.

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

Yes, Schwab (CHARLES) Corp. (The) (SCHW) reported a net income of $8.9B in fiscal year 2025, with a net profit margin of 37.0%.

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

As of fiscal year 2025, Schwab (CHARLES) Corp. (The) (SCHW) had $46.0B in cash and equivalents against $22.2B 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 37.0% in fiscal year 2025, 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 $1.08 per share in dividends during fiscal year 2025.

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

Schwab (CHARLES) Corp. (The) (SCHW) has a return on equity of 17.9% for fiscal year 2025, 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 $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 Schwab (CHARLES) Corp. (The)'s operating cash flow?

Schwab (CHARLES) Corp. (The) (SCHW) generated $9.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Schwab (CHARLES) Corp. (The) (SCHW) had $491.0B in total assets as of fiscal year 2025, including both current and long-term assets.

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

Schwab (CHARLES) Corp. (The) (SCHW) invested $548.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Schwab (CHARLES) Corp. (The) buy back shares?

Yes, Schwab (CHARLES) Corp. (The) (SCHW) spent $7.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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

Schwab (CHARLES) Corp. (The) (SCHW) had 1.75B shares outstanding as of fiscal year 2025.

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

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

Schwab (CHARLES) Corp. (The) (SCHW) had a return on assets of 1.8% for fiscal year 2025, 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 7 out of 9, indicating strong 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 1.05x, considered cash-backed (high quality). 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 78 out of 100 on our Financial Profile, indicating strong 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.