HARBREX/ RESEARCH
SMS Updates ↗

COVERAGE / SCHW / Financials

SCHWAB CHARLES CORP

Security Brokers, Dealers & Flotation Companies

COVERAGE STATUSACTIVE
DATA THROUGH2025-12-31
RESEARCH REPORTS1
SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$23.92bn

Prior / $19.61bn

Change / +22.01%

SOURCE / 2026-02-25

Operating income

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Net income

$8.85bn

Prior / $5.94bn

Change / +48.97%

SOURCE / 2026-02-25

Diluted EPS

$4.65

Prior / $2.99

Change / +55.52%

SOURCE / 2026-02-25

Free cash flow

$8.76bn

Prior / $2.05bn

Change / +327.46%

SOURCE / 2026-02-25

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Return on avg. equity

18.10%

Prior / 13.30%

Change / +4.80 pp

SOURCE / 2026-02-25

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers
{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 23921000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8852000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4.65,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 9311000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 548000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 490995000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 441570000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 49425000000,
    "accn": "0000316709-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table
Period endRevenueNet incomeFree cash flowEPS
2025-12-31$23.92bn$8.85bn$8.76bn$4.65
2024-12-31$19.61bn$5.94bn$2.05bn$2.99
2023-12-31$18.84bn$5.07bn$18.89bn$2.54
2022-12-31$20.76bn$7.18bn$1.09bn$3.50

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
MeasureSnapshot valueHistorical medianSector medianPeer count
P/E22.50xUnavailable18.76x10
P/SUnavailableUnavailable3.26x2
P/BUnavailableUnavailable5.21x2
EV / EBITDAUnavailableUnavailableUnavailable0
FCF yieldUnavailableUnavailable10.65%2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate
{
  "currentPrice": 104.63,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

SCHWAB CHARLES CORP is an SEC-reporting issuer listed on NYSE under SCHW. Its SEC industry description is Security Brokers, Dealers & Flotation Companies. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-25PERIOD / 2025-12-31

SCHW filed this 10-K on 2026-02-25 for the reported period 2025-12-31. Reading focus: Net interest income, credit provisions, fee income, underwriting results and capital adequacy. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0132SCHWCompany Research

SCHW: reading the FY2025 financial structure ↗

SCHWAB CHARLES CORP

Research abstract

Annual revenue of USD 23.921 billion and net income of USD 8.852 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital.

Net interest income, credit provisions, fee income, underwriting results and capital adequacy.

FINANCIALS SYSTEM ↗

Sources & dates