The Charles Schwab Corporation (SCHW) 10-Year Financial Performance & Capital Metrics

SCHW • • Banking & Credit

Financial ServicesCapital MarketsSecurities Brokerage & Wealth ManagementRetail Brokerage Platforms

AboutThe Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.Show more

Net Interest Income $9.14B -3.0%
Total Revenue $26B +1.9%
Net Income $5.94B +17.3%
Return on Equity 13.3% +1.8%
Net Interest Margin 1.91% -0.3%
Efficiency Ratio 45.82% -6.1%
ROA 1.22% +25.9%
Equity / Assets 10.08% +21.4%
Book Value per Share 26.38 +17.9%
Tangible BV/Share 15.64 +38.0%
Debt/Equity 0.93 -35.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 45.8% efficiency ratio
✓Well capitalized: 10.1% equity/assets
✓Diversified revenue: 40.2% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak NIM of 1.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.5%

5Y17.15%

3Y11.03%

TTM-

Profit (Net Income) CAGR

10Y16.23%

5Y9.91%

3Y0.49%

TTM59.96%

EPS CAGR

10Y12.15%

5Y2.29%

3Y1.85%

TTM66.8%

ROCE

10Y Avg13.66%

5Y Avg10.47%

3Y Avg11.01%

Latest9.5%

Peer Comparison

Retail Brokerage Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SCHWThe Charles Schwab Corporation	182.6B	102.76	34.37	1.87%	22.85%	16.67%	1.12%	0.93
SIEBSiebert Financial Corp.	126.94M	3.14	9.52	16.09%	16.5%	7.95%	6.62%	0.08
XPXP Inc.	7.23B	17.41	2.12	34.1%	22.71%	21.35%	100%	5.74
LGHLLion Group Holding Ltd.	1.03M	2.04	-0.02	-278.75%	87.73%	-446.75%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	2.52B	3.32B	4.28B	5.82B	6.52B	6.11B	8.03B	10.68B	9.43B	9.14B
NII Growth %	0.11%	0.32%	0.29%	0.36%	0.12%	-0.06%	0.31%	0.33%	-0.12%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	2.66B	3.49B	4.62B	6.68B	7.58B	6.53B	8.51B	12.23B	16.11B	15.54B
Interest Expense	132M	171M	342M	857M	1.06B	418M	476M	1.54B	6.68B	6.39B
Loan Loss Provision	-11M	-5M	0	0	0	0	0	0	0	0
Non-Interest Income+	3.84B	4.16B	4.34B	4.31B	4.21B	5.58B	10.49B	10.08B	9.41B	10.46B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	6.5B	7.65B	8.96B	10.99B	11.79B	12.11B	19B	22.31B	25.52B	26B
Revenue Growth %	0.06%	0.18%	0.17%	0.23%	0.07%	0.03%	0.57%	0.17%	0.14%	0.02%
Non-Interest Expense	4.1B	4.49B	4.97B	5.57B	5.87B	7.39B	10.81B	11.37B	12.46B	11.91B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.28B	2.99B	3.65B	4.56B	4.85B	4.3B	7.71B	9.39B	6.38B	7.69B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.08%	0.31%	0.22%	0.25%	0.06%	-0.11%	0.79%	0.22%	-0.32%	0.21%
Pretax Income+	2.28B	2.99B	3.65B	4.56B	4.85B	4.3B	7.71B	9.39B	6.38B	7.69B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	832M	1.1B	1.3B	1.05B	1.14B	1B	1.86B	2.21B	1.31B	1.75B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.45B	1.89B	2.35B	3.51B	3.7B	3.3B	5.86B	7.18B	5.07B	5.94B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	0.31%	0.25%	0.49%	0.06%	-0.11%	0.77%	0.23%	-0.29%	0.17%
Net Income (Continuing)	1.45B	1.89B	2.35B	3.51B	3.7B	3.3B	5.86B	7.18B	5.07B	5.94B
EPS (Diluted)+	1.03	1.31	1.61	2.45	2.67	2.12	2.83	3.50	2.54	2.99
EPS Growth %	0.08%	0.27%	0.23%	0.52%	0.09%	-0.21%	0.33%	0.24%	-0.27%	0.18%
EPS (Basic)	1.04	1.32	1.63	2.47	2.69	2.13	2.84	3.52	2.55	3.00
Diluted Shares Outstanding	1.33B	1.33B	1.35B	1.36B	1.32B	1.44B	1.9B	1.89B	1.83B	1.83B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	11.98B	10.83B	14.22B	27.94B	29.34B	40.35B	62.98B	40.2B	43.34B	42.08B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	130.73B	168.69B	221.83B	228.22B	215.71B	362.95B	427.8B	359.99B	305.64B	272.85B
Investments Growth %	0.27%	0.29%	0.32%	0.03%	-0.05%	0.68%	0.18%	-0.16%	-0.15%	-0.11%
Long-Term Investments	65.08B	91.32B	171.84B	161.64B	197.48B	25.55B	37.75B	212.09B	199.69B	190.23B
Accounts Receivables	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.23B	1.23B	1.23B	1.23B	1.23B	11.95B	11.95B	11.95B	11.95B	11.95B
Intangible Assets	181M	144M	108M	152M	128M	9.99B	9.38B	8.79B	8.26B	7.74B
PP&E (Net)	1.15B	1.3B	1.47B	1.77B	2.71B	3.82B	4.28B	4.61B	4.32B	3.93B
Other Assets	19.82B	22.3B	-17.88B	13.96B	-21.45B	52B	55.59B	49.7B	40.04B	47.08B
Total Current Assets	96.25B	106.94B	86.44B	117.74B	113.87B	445.69B	548.32B	259.27B	224.62B	215.38B
Total Non-Current Assets	87.46B	116.44B	156.84B	178.75B	180.09B	103.31B	118.95B	292.51B	268.56B	264.47B
Total Assets+	183.72B	223.38B	243.27B	296.48B	294B	549.01B	667.27B	551.77B	493.18B	479.84B
Asset Growth %	0.19%	0.22%	0.09%	0.22%	-0.01%	0.87%	0.22%	-0.17%	-0.11%	-0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	35.77B	38.3B	32.53B	32.73B	39.22B	104.2B	125.67B	97.44B	91.43B	114.89B
Total Debt+	2.89B	2.88B	19.75B	6.88B	7.43B	13.63B	23.77B	37.88B	59.08B	45.13B
Net Debt	-9.09B	-7.95B	5.54B	-21.06B	-21.91B	-26.72B	-39.21B	-2.32B	15.74B	3.05B
Long-Term Debt	2.81B	2.88B	4.69B	6.83B	7.43B	13.63B	18.82B	20.76B	26.04B	22.39B
Short-Term Debt	0	0	15B	0	0	0	4.86B	17.05B	32.95B	22.7B
Other Liabilities	-6M	204.09B	205B	268.93B	0	0	0	0	11.75B	12.32B
Total Current Liabilities	167.43B	204.09B	220B	268.93B	264.83B	479.32B	592.1B	494.34B	414.34B	396.71B
Total Non-Current Liabilities	2.88B	206.96B	209.75B	275.81B	7.43B	13.63B	18.91B	20.83B	37.88B	34.75B
Total Liabilities	170.32B	206.96B	224.75B	275.81B	272.26B	492.95B	611.01B	515.16B	452.22B	431.47B
Total Equity+	13.4B	16.42B	18.52B	20.67B	21.75B	56.06B	56.26B	36.61B	40.96B	48.38B
Equity Growth %	0.14%	0.23%	0.13%	0.12%	0.05%	1.58%	0%	-0.35%	0.12%	0.18%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.13%	0.13%	0.18%	0.17%	0.08%	0.1%	0.15%	0.13%	0.13%
Book Value per Share	10.10	12.31	13.69	15.19	16.47	39.07	29.66	19.33	22.37	26.38
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	15M	15M	15M	15M	15M	21M	21M	21M	21M	21M
Additional Paid-in Capital	4.15B	4.27B	4.35B	4.5B	4.66B	26.52B	26.74B	27.07B	27.33B	27.64B
Retained Earnings	11.25B	12.65B	14.41B	17.33B	19.96B	21.98B	25.99B	31.07B	33.9B	37.57B
Accumulated OCI	-134M	-163M	-152M	-252M	88M	5.39B	-1.11B	-22.62B	-18.13B	-14.85B
Treasury Stock	-3.34B	-3.13B	-2.89B	-3.71B	-5.77B	-5.58B	-5.34B	-8.64B	-11.35B	-11.2B
Preferred Stock	1.46B	2.78B	2.79B	2.79B	2.79B	7.73B	9.95B	9.71B	9.19B	9.19B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.25B	3.6B	-839M	12.46B	9.32B	6.85B	2.12B	2.06B	19.59B	2.67B
Operating CF Growth %	-0.47%	1.89%	-1.23%	15.85%	-0.25%	-0.27%	-0.69%	-0.03%	8.52%	-0.86%
Net Income	1.45B	1.89B	2.35B	3.51B	3.7B	3.3B	5.86B	7.18B	5.07B	5.94B
Depreciation & Amortization	224M	234M	269M	306M	349M	604M	1.16B	1.25B	1.34B	1.44B
Deferred Taxes	-7M	15M	58M	49M	2M	-138M	53M	-18M	-478M	-191M
Other Non-Cash Items	147M	270M	393M	487M	645M	1.94B	2.72B	1.86B	1.53B	1.36B
Working Capital Changes	-700M	1.05B	-4.07B	7.91B	4.44B	948M	-7.93B	-8.59B	11.81B	-6.21B
Cash from Investing+	-28.62B	-38.77B	-20.47B	-40.55B	11.96B	-125.85B	-75.66B	32.05B	57.41B	35.43B
Purchase of Investments	-40.65B	-60.41B	-47.96B	-73.67B	-51.26B	-202.17B	-171.73B	-51.01B	-1.49B	-2.99B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-980M	-1.1B	-1.07B	-129M	0	14.75B	0	0	0	0
Other Investing	-1.01B	-1.21B	-1.45B	148M	-1.79B	-5.84B	-11.23B	-6.33B	-836M	-4.8B
Cash from Financing+	27.99B	34.96B	22.6B	47.17B	-13.94B	143.98B	96.32B	-68.72B	-61.24B	-47.06B
Dividends Paid	-387M	-486M	-592M	-787M	-1.06B	-1.28B	-1.82B	-2.11B	-2.28B	-2.27B
Share Repurchases	0	0	0	-1B	-2.22B	0	0	-3.4B	-2.84B	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	26.81B	34.14B	6.31B	61.84B	-11.25B	137.95B	85.87B	-77.08B	-76.82B	-30.85B
Net Change in Cash+	615M	-209M	1.29B	19.07B	7.35B	24.98B	22.78B	-34.62B	15.75B	-8.96B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	11.36B	11.98B	17.87B	19.16B	38.23B	45.58B	70.56B	93.34B	58.72B	74.47B
Cash at End	11.98B	10.83B	19.16B	38.23B	45.58B	70.56B	93.34B	58.72B	74.47B	65.51B
Interest Paid	121M	160M	327M	798M	1.07B	434M	501M	1.35B	5.62B	6.66B
Income Taxes Paid	810M	991M	1.21B	927M	1.2B	803M	2.05B	2.13B	1.62B	1.49B
Free Cash Flow+	980M	3.26B	-1.24B	11.89B	8.62B	6.22B	1.2B	1.09B	18.89B	2.05B
FCF Growth %	-0.5%	2.32%	-1.38%	10.59%	-0.28%	-0.28%	-0.81%	-0.1%	16.39%	-0.89%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.48%	12.67%	13.47%	17.9%	17.47%	8.48%	10.43%	15.47%	13.06%	13.3%
Return on Assets (ROA)	0.86%	0.93%	1.01%	1.3%	1.25%	0.78%	0.96%	1.18%	0.97%	1.22%
Net Interest Margin	1.37%	1.49%	1.76%	1.96%	2.22%	1.11%	1.2%	1.94%	1.91%	1.91%
Efficiency Ratio	63.08%	58.7%	55.45%	50.69%	49.83%	61.04%	56.89%	50.99%	48.82%	45.82%
Equity / Assets	7.29%	7.35%	7.61%	6.97%	7.4%	10.21%	8.43%	6.63%	8.3%	10.08%
Book Value / Share	10.1	12.31	13.69	15.19	16.47	39.07	29.66	19.33	22.37	26.38
NII Growth	11.14%	31.56%	28.9%	35.99%	11.9%	-6.18%	31.36%	33.03%	-11.75%	-3%
Dividend Payout	26.75%	25.73%	25.15%	22.44%	28.62%	38.8%	31.12%	29.37%	44.92%	38.29%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Investor Services	556M	524M	408M	-	-	8.61B	14.46B	15.57B	14.4B	15.56B
Investor Services Growth	-	-5.76%	-22.14%	-	-	-	67.99%	7.67%	-7.48%	8.00%
Advisor Services	310M	301M	246M	-	-	3.08B	4.06B	5.19B	4.43B	4.05B
Advisor Services Growth	-	-2.90%	-18.27%	-	-	-	31.66%	27.91%	-14.64%	-8.66%
Investment Performance	-	-	-	1.79B	1.75B	-	-	-	-	-
Investment Performance Growth	-	-	-	-	-2.57%	-	-	-	-	-
Investment Advice	-	-	-	1.14B	1.2B	-	-	-	-	-
Investment Advice Growth	-	-	-	-	5.18%	-	-	-	-	-
Commissions	-	-	-	685M	549M	-	-	-	-	-
Commissions Growth	-	-	-	-	-19.85%	-	-	-	-	-
Financial Service, Other	-	-	-	297M	266M	-	-	-	-	-
Financial Service, Other Growth	-	-	-	-	-10.44%	-	-	-	-	-
Principal Transactions	-	-	-	78M	68M	-	-	-	-	-
Principal Transactions Growth	-	-	-	-	-12.82%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

The Charles Schwab Corporation (SCHW) has a price-to-earnings (P/E) ratio of 34.4x. This suggests investors expect higher future growth.

Growth & Financials

The Charles Schwab Corporation (SCHW) grew revenue by 1.9% over the past year. Growth has been modest.

Yes, The Charles Schwab Corporation (SCHW) is profitable, generating $8.23B in net income for fiscal year 2024 (22.9% net margin).

Dividend & Returns

Yes, The Charles Schwab Corporation (SCHW) pays a dividend with a yield of 1.21%. This makes it attractive for income-focused investors.

The Charles Schwab Corporation (SCHW) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

Industry Metrics

The Charles Schwab Corporation (SCHW) has a net interest margin (NIM) of 1.9%. NIM has been under pressure due to interest rate environment.

The Charles Schwab Corporation (SCHW) has an efficiency ratio of 45.8%. This is excellent, indicating strong cost control.

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