The Charles Schwab Corporation (SCHW)

SCHW Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	15,353	15,537	16,111	12,227	8,506	6,531
Total Interest Expense	5,736	6,393	6,684	1,545	476	418
Net Interest Income	9,617	9,144	9,427	10,682	8,030	6,113
Trading & Principal Transactions	3,355	3,264	3,230	3,673	4,152	1,416
Asset Management Fee	5,898	5,716	4,756	4,216	4,274	3,475
Gain on Sale of Investments (Rev)	40	40	61	9	-4	4
Other Revenue	1,555	1,442	1,460	2,182	2,068	683
Revenue Before Loan Losses	20,465	19,606	18,934	20,762	18,520	11,691
Revenue	20,465	19,606	18,934	20,762	18,520	11,691
Revenue Growth (YoY)	10.85%	3.55%	-8.80%	12.11%	58.41%	9.05%
Salaries & Employee Benefits	6,143	6,023	5,836	5,716	5,167	3,719
Cost of Services Provided	3,553	3,488	3,533	3,315	3,146	2,230
Other Operating Expenses	959	900	713	714	876	415
Total Operating Expenses	12,060	11,827	11,420	10,993	10,353	6,968
Operating Income	8,405	7,779	7,514	9,769	8,167	4,723
EBT Excluding Unusual Items	8,405	7,779	7,514	9,769	8,167	4,723
Merger & Restructuring Charges	-111	-117	-867	-381	-454	-423
Other Unusual Items	55	30	-269	-	-	-
Pretax Income	8,349	7,692	6,378	9,388	7,713	4,300
Income Tax Expense	1,860	1,750	1,311	2,205	1,858	1,001
Net Income	6,489	5,942	5,067	7,183	5,855	3,299
Preferred Dividends & Other Adjustments	466	464	418	548	495	256
Net Income to Common	6,023	5,478	4,649	6,635	5,360	3,043
Net Income Growth	34.46%	17.27%	-29.46%	22.68%	77.48%	-10.93%
Shares Outstanding (Basic)	1,826	1,828	1,824	1,885	1,887	1,429
Shares Outstanding (Diluted)	1,832	1,834	1,831	1,894	1,897	1,435
Shares Change (YoY)	0.21%	0.16%	-3.33%	-0.16%	32.20%	8.71%
EPS (Basic)	3.30	3.00	2.55	3.52	2.84	2.13
EPS (Diluted)	3.30	2.99	2.54	3.50	2.83	2.12
EPS Growth	38.63%	17.72%	-27.43%	23.67%	33.49%	-20.60%
Free Cash Flow	9,790	2,050	18,887	1,086	1,202	6,221
Free Cash Flow Per Share	5.34	1.12	10.31	0.57	0.63	4.33
Dividend Per Share	1.020	1.000	1.000	0.840	0.720	0.720
Dividend Growth	2.00%	-	19.05%	16.67%	-	5.88%
Operating Margin	41.07%	39.68%	39.68%	47.05%	44.10%	40.40%
Profit Margin	29.43%	27.94%	24.55%	31.96%	28.94%	26.03%
Free Cash Flow Margin	47.84%	10.46%	99.75%	5.23%	6.49%	53.21%
Effective Tax Rate	22.28%	22.75%	20.55%	23.49%	24.09%	23.28%

Updated Apr 17, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q