Charles Schwab Corporation (The) (SCHW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3000 SCHWAB WAY WESTLAKE, TX 76262 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25,350 | 31,752 | 43,337 | 33,251 | 47,651 | 49,162 | |||
| Cash and cash equivalents | 25,350 | 31,752 | 43,337 | 33,251 | 47,651 | 49,162 | |||
| Total current assets: | 25,350 | 31,752 | 43,337 | 33,251 | 47,651 | 49,162 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 84 | ||||||||
| Operating lease, right-of-use asset | 630 | ||||||||
| Property, plant and equipment | 3,730 | 3,686 | 3,716 | ||||||
| Intangible assets, net (including goodwill) | 19,954 | 20,082 | 20,211 | 20,341 | 20,475 | 20,610 | |||
| Goodwill | 11,951 | 11,951 | 11,951 | 11,951 | 11,951 | 11,951 | |||
| Intangible assets, net (excluding goodwill) | 8,003 | 8,131 | 8,260 | 8,390 | 8,524 | 8,659 | |||
| Total noncurrent assets: | 19,954 | 20,082 | 20,925 | 24,071 | 24,161 | 24,326 | |||
| Other undisclosed assets | 404,371 | 416,950 | 428,916 | 417,882 | 439,693 | 462,064 | |||
| TOTAL ASSETS: | 449,675 | 468,784 | 493,178 | 475,204 | 511,505 | 535,552 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 18,992 | 16,110 | 11,456 | 14,150 | 15,662 | 14,143 | |||
| Securities loaned | 5,375 | 5,776 | 5,397 | 5,878 | 4,612 | 4,166 | |||
| Total current liabilities: | 24,367 | 21,886 | 16,853 | 20,028 | 20,274 | 18,309 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 22,449 | 22,865 | 26,128 | 24,803 | 22,482 | 20,016 | |||
| Other undisclosed long-term debt and lease obligation | 22,449 | 22,865 | 26,128 | 24,803 | 22,482 | 20,016 | |||
| Total noncurrent liabilities: | 22,449 | 22,865 | 26,128 | 24,803 | 22,482 | 20,016 | |||
| Other undisclosed liabilities | 358,906 | 381,621 | 409,239 | 392,589 | 431,602 | 460,880 | |||
| Total liabilities: | 405,722 | 426,372 | 452,220 | 437,420 | 474,358 | 499,205 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 43,953 | 42,412 | 40,958 | 37,784 | 37,147 | 36,347 | |||
| Preferred stock | 9,191 | 9,191 | 9,191 | 9,191 | 9,191 | 9,191 | |||
| Treasury stock, value | (11,251) | (11,283) | (11,354) | (11,398) | (11,420) | (11,455) | |||
| Additional paid in capital | 27,470 | 27,358 | 27,330 | 27,293 | 27,220 | 27,136 | |||
| Accumulated other comprehensive loss | (16,936) | (17,576) | (18,131) | (20,752) | (20,730) | (20,690) | |||
| Retained earnings | 35,458 | 34,701 | 33,901 | 33,429 | 32,865 | 32,144 | |||
| Other undisclosed equity, attributable to parent | 21 | 21 | 21 | 21 | 21 | 21 | |||
| Total equity: | 43,953 | 42,412 | 40,958 | 37,784 | 37,147 | 36,347 | |||
| TOTAL LIABILITIES AND EQUITY: | 449,675 | 468,784 | 493,178 | 475,204 | 511,505 | 535,552 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,690 | 4,740 | 4,459 | 4,606 | 4,656 | 5,116 | ||
| Net investment income | 3,817 | 3,941 | 3,963 | 4,028 | 4,104 | 4,016 | ||
| Gross profit: | 4,690 | 4,740 | 4,459 | 4,606 | 4,656 | 5,116 | ||
| Operating expenses | (915) | (865) | (428) | (968) | (1,016) | (926) | ||
| Other operating expense, net (Other Expenses) | (249) | (186) | (386) | (173) | (180) | (182) | ||
| Operating income: | 3,526 | 3,689 | 3,645 | 3,465 | 3,460 | 4,008 | ||
| Interest and debt expense | (1,659) | (1,708) | (1,833) | (1,791) | (1,814) | (1,246) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,867 | 1,981 | 1,812 | 1,674 | 1,646 | 2,762 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (120) | (183) | (618) | (291) | 45 | (652) | ||
| Income from continuing operations before income taxes: | 1,747 | 1,798 | 1,194 | 1,383 | 1,691 | 2,110 | ||
| Income tax expense | (415) | (436) | (149) | (258) | (397) | (507) | ||
| Net income attributable to parent: | 1,332 | 1,362 | 1,045 | 1,125 | 1,294 | 1,603 | ||
| Preferred stock dividends and other adjustments | (121) | (111) | (119) | (108) | (121) | (70) | ||
| Net income available to common stockholders, diluted: | 1,211 | 1,251 | 926 | 1,017 | 1,173 | 1,533 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,332 | 1,362 | 1,045 | 1,125 | 1,294 | 1,603 | ||
| Comprehensive income: | 1,332 | 1,362 | 1,045 | 1,125 | 1,294 | 1,603 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 640 | 555 | 2,621 | (22) | (40) | 1,931 | ||
| Comprehensive income, net of tax, attributable to parent: | 1,972 | 1,917 | 3,666 | 1,103 | 1,254 | 3,534 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.