The Charles Schwab Corporation
Financial Performance
Charles Schwab Revenue & Financials
Revenue
$23.9B (FY2025)
Market Cap
$171B
Net Income
$8.9B
Employees
33,000
What is Charles Schwab's revenue?
Charles Schwab had $23.9B in revenue for fiscal year 2025, up 22% from 2024. Net income was $8.9B.
- Latest revenue
- $23.9B (FY2025)
- Year-over-year
- +22%
- Growth rate (CAGR)
- 13.8% over 9 years
- Peak revenue
- $23.9B (FY2025)
- Years of data
- 10
- Employees
- 33,000
- How much profit does Charles Schwab make?
- Charles Schwab reported net income of $8.9B for fiscal year 2025. pressroom.aboutschwab.com
- How many employees does Charles Schwab have?
- Charles Schwab has about 33,000 employees.
Financial Analysis
Schwab is a spread-and-fee business. In FY2025, net revenues rose 22% to $23.921 billion and net income rose to $8.852 billion from $5.94 billion in 2024, as client cash stabilized, high-cost bank funding was paid down, and trading hit records. Momentum carried into 2026: first-half net revenues reached $13.554 billion (up 18%) and Q2 2026 GAAP EPS hit a record $1.54, with an annualized return on equity of 25%. Schwab returned $11.8 billion of capital to shareholders in 2025 through buybacks and dividends. The Charles Schwab Corporation is one of the largest modern financial services firms, commanding a massive market valuation often exceeding $120 billion.
Revenue Trend Analysis
YoY Change
+22%
9-Year CAGR
+13.8%
Peak Year
2025
Trend
Consistent Growth
The Charles Schwab Corporation has 10 full fiscal year figures on this page, compounding at +13.8% annually over 9 years. The most recent year saw a 22% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $23.9B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $23.9B | $8.9B | +22.0% | pressroom.aboutschwab.com Net revenues rose 22% to a record $23.921 billion; net interest revenue was $11.750 billion and net income $8.852 billion. |
| FY2024 | $19.6B | — | +4.1% | data.sec.gov Net revenues recovered to $19.606 billion. |
| FY2023 | $18.8B | — | -9.3% | data.sec.gov Net revenues declined to $18.837 billion as client cash sorting and funding costs pressured the model. |
| FY2022 | $20.8B | — | +12.1% | data.sec.gov Net revenues reached $20.762 billion as higher rates supported net interest income. |
| FY2021 | $18.5B | — | +58.4% | data.sec.gov Net revenues rose to $18.520 billion as the larger post-TD Ameritrade platform scaled. |
| FY2020 | $11.7B | — | +9.0% | data.sec.gov Net revenues were $11.691 billion as Schwab completed the TD Ameritrade acquisition. |
| FY2019 | $10.7B | $3.7B | +5.8% | The Charles Schwab Corporation annual report (Form 10-K, SEC EDGAR, filed 2022-02-24) Fiscal year ended 2019-12-31. |
| FY2018 | $10.1B | $3.5B | +17.6% | The Charles Schwab Corporation annual report (Form 10-K, SEC EDGAR, filed 2021-02-24) Fiscal year ended 2018-12-31. |
| FY2017 | $8.6B | $2.4B | +15.2% | The Charles Schwab Corporation annual report (Form 10-K, SEC EDGAR, filed 2020-02-26) Fiscal year ended 2017-12-31. |
| FY2016 | $7.5B | $1.9B | — | The Charles Schwab Corporation annual report (Form 10-K, SEC EDGAR, filed 2019-02-22) Fiscal year ended 2016-12-31. |
Click any row to see year details.
The Charles Schwab Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $9.3B | $548M | $491B | $441.6B | $49.4B | $8.8B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2.7B | $620M | $479.8B | $431.5B | $48.4B | $2B | Form 10-K |
| FY2023ended Dec 31, 2023 | $19.6B | $700M | $493.2B | $452.2B | $41B | $18.9B | Form 10-K |
| FY2022ended Dec 31, 2022 | $2.1B | $971M | $551.8B | $515.2B | $36.6B | $1.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $2.1B | $916M | $667.3B | $611B | $56.3B | $1.2B | Form 10-K |
| FY2020ended Dec 31, 2020 | $6.9B | $631M | $549B | $492.9B | $56.1B | $6.2B | Form 10-K |
| FY2019ended Dec 31, 2019 | $9.3B | $708M | $294B | $272.3B | $21.7B | $8.6B | Form 10-K |
| FY2018ended Dec 31, 2018 | $12.5B | $570M | $296.5B | $275.8B | $20.7B | $11.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | -$839M | $400M | $243.3B | $224.7B | $18.5B | -$1.2B | Form 10-K |
| FY2016ended Dec 31, 2016 | $3.6B | $346M | $223.4B | $207B | $16.4B | $3.3B | Form 10-K |
Keep researching Charles Schwab
Charles Schwab Revenue and Financial FAQ
What was Charles Schwab's revenue in 2025?
Schwab reported record FY2025 net revenues of $23.921 billion, up 22% from $19.606 billion in FY2024.
What is Charles Schwab's pre-tax profit margin?
Schwab's FY2025 GAAP pre-tax profit margin was 47.9% (50.0% adjusted). In Q2 2026 the GAAP margin rose to 51.9% (54.3% adjusted).
How much net income does Charles Schwab make?
Schwab earned $8.852 billion of net income in FY2025. In Q2 2026 it earned a record $2.8 billion, or $1.54 per share ($2.9 billion and $1.62 adjusted).
What is Charles Schwab's market cap?
Schwab's market capitalization was roughly $171 billion in late September 2026, after trading as high as about $114 per share earlier in the year. The figure changes daily with the stock price.
How much capital does Schwab return to shareholders?
Schwab returned $11.8 billion of capital in 2025 through share repurchases and dividends, including $2.7 billion of buybacks in the fourth quarter.
How did the 2023 banking crisis affect Schwab?
Rate hikes led clients to move sweep cash into higher-yielding funds, and after Silicon Valley Bank failed in March 2023 SCHW shares fell more than 30%. Schwab used supplemental funding to cover outflows, and FY2023 net revenues fell to $18.84 billion. Cash sorting eased in 2024, and revenue hit records in 2025 and 2026.
How fast are Schwab's client assets growing?
Total client assets rose 22% year over year to $13.08 trillion at June 30, 2026, helped by $119.8 billion of core net new assets in Q2 2026 and $519 billion for full-year 2025.
How large is Schwab's lending business?
At June 30, 2026, Schwab had $67.0 billion in bank loans (up 33% year over year), $33.4 billion in Pledged Asset Line balances (up 59%), and $165.1 billion in margin loans.
Is Charles Schwab profitable?
Yes, incredibly profitable. By managing over $8 trillion in client assets (AUM), they generate massive, highly predictable recurring revenue through management fees and interest spreads.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Charles Schwab Revenue & Financials." CorpDigest, https://corpdigest.com/company/charles-schwab/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Charles Schwab reported $23.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/charles-schwab/financials" target="_blank" rel="noopener">CorpDigest — Charles Schwab financials</a></div>Related Financial Audits
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