SCHWAB CHARLES CORP

10-K & 10-Q Filings

The Charles Schwab Corporation is a savings and loan holding company that provides financial services through its subsidiaries. The company was founded in 1971 and is headquartered in Westlake, Texas. Schwab offers a range of products and services through intuitive end-to-end solutions to individual investors and institutions. Its business strategy emphasizes placing clients' perspectives, needs, and desires at the forefront and disrupting industry practices to provide a better investing experience. Schwab operates through two business segments: Investor Services and Advisor Services. The Investor Services segment includes retail brokerage, wealth management, asset management, custody, and financial advisory services for individual investors and businesses. The Advisor Services segment provides custodial, trading, banking, and support services to independent registered investment advisors (RIAs) and their clients. Schwab's major sources of revenue include net interest revenue, asset management and administration fees, trading revenue, and bank deposit account fees. The company is subject to extensive regulation under federal and state laws and is regulated by the Board of Governors of the Federal Reserve System. Schwab's website is schwab.com, and its ticker symbol is SCHW.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$4691.00
4883.00
5435.00
6058.00
6380.00
7478.00
8618.00
10132.00
10721.00
11691.00
18520.00
20762.00
18837.00
12.28%-9.27%Net Interest Income (+)
$1725.00
1764.00
1980.00
2272.00
2525.00
3322.00
4282.00
5823.00
6516.00
6113.00
8030.00
10682.00
9427.00
15.20%-11.75%Interest Expense (-)
$175.00
150.00
105.00
102.00
132.00
171.00
342.00
857.00
1064.00
418.00
476.00
1545.00
6684.00
35.47%332.62%Non Interest Income (+)
$2966.00
3119.00
3455.00
3786.00
3855.00
4156.00
4336.00
4309.00
4205.00
5578.00
10490.00
10080.00
9410.00
10.10%-6.65%Selling, General & Administrative (-)
$228.00
241.00
257.00
245.00
249.00
265.00
268.00
313.00
307.00
326.00
485.00
419.00
397.00
4.73%-5.25%Marketing Expenses (-)
$228.00
241.00
257.00
245.00
249.00
265.00
268.00
313.00
307.00
326.00
485.00
419.00
397.00
4.73%-5.25%Depreciation & Amortization (-)
$155.00
196.00
202.00
199.00
224.00
234.00
269.00
306.00
349.00
190.00
615.00
596.00
534.00
10.86%-10.40%Non-recurring Operating Expenses (-)
$7.00
1.00
Operating Expenses (-)
$3299.00
3433.00
3730.00
3943.00
4101.00
4485.00
4968.00
5570.00
5873.00
7391.00
10807.00
11374.00
12459.00
11.71%9.54%Operating Income/Loss (+)
$1392.00
1450.00
1705.00
2114.00
2279.00
2993.00
3650.00
4562.00
4848.00
4300.00
7713.00
9388.00
6378.00
13.52%-32.06%Provision for Loan Loss (-)
$18.00
16.00
-1.00
-4.00
-11.00
-5.00
Earnings before Tax (+)
$1392.00
1450.00
1705.00
2115.00
2279.00
2993.00
3650.00
4562.00
4848.00
4300.00
7713.00
9388.00
6378.00
13.52%-32.06%Tax Expense (-)
$528.00
522.00
634.00
794.00
832.00
1104.00
1296.00
1055.00
1144.00
1001.00
1858.00
2205.00
1311.00
7.87%-40.54%Income/Loss (Continuing Operations) (+)
$864.00
928.00
1071.00
1321.00
1447.00
1889.00
2354.00
3507.00
3704.00
3299.00
5855.00
7183.00
5067.00
15.88%-29.46%Net Income/Loss (+)
$864.00
928.00
1071.00
1321.00
1447.00
1889.00
2354.00
3507.00
3704.00
3299.00
5855.00
7183.00
5067.00
15.88%-29.46%Preferred & Other Distributions (-)
$
45.00
61.00
60.00
83.00
143.00
174.00
178.00
178.00
256.00
495.00
548.00
418.00
-23.72%Net Income/Loss (Common) (+)
$864.00
883.00
1010.00
1261.00
1364.00
1746.00
2180.00
3329.00
3526.00
3043.00
5360.00
6635.00
4649.00
15.05%-29.93%EPS (Basic)
$0.70
0.69
0.78
0.96
1.04
1.32
1.63
2.47
2.69
2.13
2.84
3.52
2.55
11.37%-27.56%EPS (Diluted)
$0.70
0.69
0.78
0.95
1.03
1.31
1.61
2.45
2.67
2.12
2.83
3.50
2.54
11.34%-27.43%Weighted Avg Shares (Basic)
1271.34
1277.99
1298.57
1311.05
1315.00
1324.00
1339.00
1348.00
1311.00
1429.00
1887.00
1885.00
1824.00
3.05%-3.24%Weighted Avg Shares (Diluted)
1229.00
1275.00
1293.00
1315.00
1327.00
1334.00
1353.00
1379.00
1341.00
1435.00
1897.00
1894.00
1831.00
3.38%-3.33%Cash
$8679.00
12663.00
7728.00
11363.00
11978.00
10828.00
14217.00
27938.00
29345.00
40348.00
62975.00
40195.00
43337.00
14.34%7.82%Securities & Long-term Investments
$43847.00
56849.00
64037.00
68182.00
79980.00
92768.00
66473.00
227196.00
214340.00
361213.00
424690.00
361450.00
307537.00
17.62%-14.92%Property, Plant & Equipment (Net)
$685.00
675.00
790.00
1039.00
1145.00
1299.00
1471.00
1769.00
2128.00
2883.00
3442.00
3714.00
3690.00
15.07%-0.65%Goodwill & Intangibles
$1487.00
1547.00
1493.00
1454.00
1408.00
1371.00
1335.00
1227.00
1227.00
21943.00
21331.00
20740.00
20211.00
24.29%-2.55%Other Assets
$53855.00
61903.00
69594.00
72604.00
89207.00
117117.00
159778.00
38352.00
46965.00
122622.00
154832.00
125673.00
118403.00
6.79%-5.78%Assets (Total)
$108553.00
133637.00
143642.00
154642.00
183718.00
223383.00
243274.00
296482.00
294005.00
549009.00
667270.00
551772.00
493178.00
13.44%-10.62%Deposits
$60854.00
79377.00
92972.00
102815.00
129502.00
163454.00
169656.00
231423.00
220094.00
358022.00
443778.00
366724.00
289953.00
13.89%-20.93%Accounts Payable
$37984.00
43039.00
38386.00
38125.00
37924.00
40632.00
35340.00
37511.00
5516.00
17094.00
17791.00
13124.00
18400.00
-5.86%40.20%Debt (Current)
$
15000.00
4855.00
17050.00
6553.00
-61.57%Securities (Liabilities)
$1098.00
1068.00
1467.00
2004.00
2588.00
2407.00
1287.00
1831.00
Debt (Non-current)
$2001.00
1632.00
1903.00
1899.00
2890.00
2876.00
19753.00
6878.00
7430.00
13632.00
23769.00
37878.00
32681.00
26.21%-13.72%Other Liabilities
$
39220.00
104201.00
120816.00
80388.00
104633.00
30.16%Liabilities (Total)
$100839.00
124048.00
133261.00
142839.00
170316.00
206962.00
224749.00
275812.00
272260.00
492949.00
611009.00
515164.00
452220.00
13.32%-12.22%Treasury Stock
$4113.00
4024.00
3716.00
3497.00
3343.00
3130.00
2892.00
3714.00
5767.00
5578.00
5338.00
8639.00
11354.00
8.83%31.43%Retained Earnings
$7978.00
8554.00
9253.00
10198.00
11253.00
12649.00
14408.00
17329.00
19960.00
21975.00
25992.00
31066.00
33901.00
12.81%9.13%AOCI
$8.00
298.00
9.00
165.00
-134.00
-163.00
-152.00
-252.00
88.00
5394.00
-1109.00
-22621.00
-18131.00
19.85%Shareholder's Equity
$7714.00
9589.00
10381.00
11803.00
13402.00
16421.00
18525.00
20670.00
21745.00
56060.00
56261.00
36608.00
40958.00
14.93%11.88%Liabilities & Equity
$108553.00
133637.00
143642.00
154642.00
183718.00
223383.00
243274.00
296482.00
294005.00
549009.00
667270.00
551772.00
493178.00
13.44%-10.62%Net Income/Loss
$864.00
928.00
1071.00
1321.00
1447.00
1889.00
2354.00
3507.00
3704.00
3299.00
5855.00
7183.00
5067.00
15.88%-29.46%Depreciation & Amortization
$291.00
418.00
364.00
324.00
386.00
500.00
611.00
656.00
795.00
1776.00
2961.00
1971.00
1364.00
13.74%-30.80%Increase/Decrease in Working Capital
$-1100.00
264.00
-102.00
-623.00
700.00
-113.00
1964.00
-7910.00
-4442.00
-948.00
7926.00
8587.00
-11808.00
-237.51%Share-based Compensation
$99.00
105.00
116.00
115.00
135.00
141.00
153.00
197.00
183.00
204.00
254.00
366.00
320.00
10.27%-12.57%Adjustments to Reconcile Net Income
$1600.00
338.00
585.00
1027.00
-201.00
773.00
-1091.00
8949.00
5621.00
3553.00
-3737.00
-5126.00
14520.00
20.18%383.26%Net Cash (Operating)
$2464.00
1266.00
1656.00
2348.00
1246.00
2662.00
1263.00
12456.00
9325.00
6852.00
2118.00
2057.00
19587.00
18.86%852.21%Capital Expenditure
$126.00
228.00
249.00
400.00
266.00
346.00
400.00
570.00
708.00
-14117.00
916.00
971.00
700.00
15.36%-27.91%Net Cash (Investing)
$-8667.00
-16260.00
-20050.00
-8395.00
-28623.00
-38775.00
-20473.00
-40555.00
11964.00
-125851.00
-75663.00
32048.00
57411.00
79.14%Increase/Decrease in Debt
$10148.00
18441.00
13564.00
9837.00
27676.00
33945.00
23058.00
48882.00
-10736.00
140298.00
95822.00
-58317.00
-55609.00
4.64%Increase/Decrease in Equity
$96.00
898.00
258.00
189.00
671.00
1460.00
178.00
-875.00
-2102.00
5019.00
2427.00
-3591.00
-3260.00
9.22%Interest Expenses
$168.00
143.00
99.00
103.00
121.00
160.00
327.00
798.00
1075.00
434.00
501.00
1355.00
5623.00
33.98%314.98%Dividends Paid
$295.00
337.00
368.00
373.00
387.00
486.00
592.00
787.00
1060.00
1280.00
1822.00
2110.00
2276.00
18.56%7.87%Net Cash (Financing)
$9951.00
18978.00
13459.00
9682.00
27992.00
34963.00
22599.00
47166.00
-13939.00
143982.00
96323.00
-68723.00
-61245.00
10.88%Cash Taxes Paid
$517.00
508.00
624.00
778.00
810.00
991.00
1212.00
927.00
1199.00
803.00
2053.00
2130.00
1620.00
9.99%-23.94%Increase/Decrease in Cash
$3748.00
3984.00
-4935.00
3635.00
615.00
-1150.00
3389.00
19067.00
7350.00
24983.00
22778.00
-34618.00
15753.00
12.71%145.51%Cash (Beginning)
$4931.00
8679.00
12663.00
7728.00
11363.00
11978.00
10828.00
19160.00
38227.00
45577.00
70560.00
93338.00
58720.00
22.93%-37.09%Cash (Ending)
$8679.00
12663.00
7728.00
11363.00
11978.00
10828.00
14217.00
38227.00
45577.00
70560.00
93338.00
58720.00
74473.00
19.62%26.83%NOPAT
$875.00
942.00
1081.00
1336.37
1469.00
2002.00
2438.00
3635.00
3649.00
3497.00
5660.00
7258.00
4758.00
15.16%-34.44%Operating Margin %
29.67%
29.69%
31.37%
34.90%
35.72%
40.02%
42.35%
45.03%
45.22%
36.78%
41.65%
45.22%
33.86%
NOPAT Margin %
18.65%
19.29%
19.89%
22.06%
23.03%
26.77%
28.29%
35.88%
34.04%
29.91%
30.56%
34.96%
25.26%
Net Margin %
18.42%
19.00%
19.71%
21.81%
22.68%
25.26%
27.31%
34.61%
34.55%
28.22%
31.61%
34.60%
26.90%
Tax Rate %
37.14%
35.03%
36.60%
36.78%
35.54%
33.11%
33.21%
20.32%
24.73%
18.67%
26.62%
22.69%
25.40%
ROA
0.81%
0.70%
0.75%
0.86%
0.80%
0.90%
1.00%
1.23%
1.24%
0.64%
0.85%
1.32%
0.96%
ROE
11.34%
9.82%
10.41%
11.32%
10.96%
12.19%
13.16%
17.59%
16.78%
6.24%
10.06%
19.83%
11.62%
Equity Multiplier
14.07
13.94
13.84
13.10
13.71
13.60
13.13
14.34
13.52
9.79
11.86
15.07
12.04
Debt/Equity Ratio
8.15
8.45
9.14
8.87
9.88
10.13
11.03
11.53
10.46
6.63
8.40
11.52
8.04
Dividend Payout Ratio %
33.71%
35.77%
34.04%
27.91%
26.34%
24.28%
24.28%
21.65%
29.05%
36.60%
32.19%
29.07%
47.84%
Total Payout
$199.00
-561.00
110.00
184.00
-284.00
-974.00
414.00
1662.00
3162.00
-3739.00
-605.00
5701.00
5536.00
31.94%-2.89%Payout Ratio %
22.74%
-59.55%
10.18%
13.77%
-19.33%
-48.65%
16.98%
45.72%
86.65%
-106.92%
-10.69%
78.55%
116.35%