SCHW
SP100NYSEThe Charles Schwab Corporation
Financial Services · Capital Markets · United States
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including money market funds, and certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It provides digital and software based trading platforms; research tools, and multichannel support, real-time market data, options trading; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
www.aboutschwab.com ↗Shares trade at a moderate 19.3× trailing earnings, easing to 13.3× on forward estimates. Profitability shows a net margin of 38.0% and return on equity of 19.1%. Debt/equity stands at 1.21×. Revenue grew 15.8% year-on-year. It yields 1.3% in dividends. The mean analyst target of USD116.58 sits 20.2% above the current price (Buy, 19 analysts).
business model
Charles Schwab is a financial-services firm operating a large retail brokerage, registered-investment-advisor custody platform, and banking business. It generates revenue primarily from net interest earned on client cash swept to its banking subsidiaries, plus asset-management and administration fees, trading revenue, and bank deposit-account fees, monetizing a very large base of client assets.
revenue segments
Revenue is composed mainly of net interest revenue (the largest component), asset management and administration fees (on proprietary and third-party funds, ETFs, and advice solutions), trading revenue, and bank deposit account fees. It serves retail investors and independent advisors who custody client assets on its platform.
key dependencies
Depends on client cash balances and deposit behavior, the interest-rate environment and net interest margin, client asset growth and net new asset inflows, integration of acquired brokerage businesses, and regulatory capital requirements as a bank holding company.
competitors
Competes with Fidelity, Vanguard, Morgan Stanley (including E*TRADE), Interactive Brokers, Robinhood, and other brokerages, custodians, and asset managers, as well as banks competing for client cash and wealth-management relationships.
moat
Its moat comes from enormous scale in client assets, a low-cost operating model, a dominant RIA-custody franchise with high switching costs, brand trust, and a broad product ecosystem that bundles brokerage, banking, and advice to retain client cash and assets.
risks
Risks include sensitivity to interest rates and 'cash sorting' as clients move deposits to higher-yielding options, deposit outflows pressuring funding, integration risk from large acquisitions, competitive fee compression, regulatory and capital constraints, and exposure to equity-market and trading-volume cycles.
Financials & metrics
as of 28 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $23.92B | $19.61B | $18.84B | $20.76B | — |
| Interest expense | $3.75B | $6.39B | $6.68B | $1.54B | — |
| Pretax income | $11.46B | $7.69B | $6.38B | $9.39B | — |
| Tax provision | $2.61B | $1.75B | $1.31B | $2.21B | — |
| Net income | $8.85B | $5.94B | $5.07B | $7.18B | — |
| Diluted EPS | $4.65 | $2.99 | $2.54 | $3.50 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $491.00B | $479.84B | $493.18B | $551.77B | — |
| Cash & equivalents | $46.03B | $42.08B | $43.34B | $40.20B | — |
| Total liabilities | $441.57B | $431.47B | $452.22B | $515.16B | — |
| Total debt | $30.95B | $45.13B | $59.08B | $37.88B | — |
| Long-term debt | $22.15B | $22.39B | $26.04B | $20.76B | — |
| Shareholders' equity | $49.42B | $48.38B | $40.96B | $36.61B | — |
| Retained earnings | $44.06B | $37.57B | $33.90B | $31.07B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $9.31B | $2.67B | $19.59B | $2.06B | — |
| Investing cash flow | $24.54B | $35.43B | $57.41B | $32.05B | — |
| Financing cash flow | -$29.70B | -$47.06B | -$61.24B | -$68.72B | — |
| Capital expenditure | -$548.00M | -$620.00M | -$700.00M | -$971.00M | — |
| Free cash flow | $8.76B | $2.05B | $18.89B | $1.09B | — |
| Dividends paid | -$2.33B | -$2.27B | -$2.28B | -$2.11B | — |
| Share buybacks | -$9.80B | $0.00 | -$3.31B | -$4.39B | — |
| End cash position | $69.66B | $65.51B | $74.47B | $58.72B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
Notes & alerts
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