SCHWAB CHARLES CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
SCHW$93.03+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Consolidated Statements of Income | |||
|---|---|---|---|
| (In Millions, Except Per Share Amounts) | |||
| Year Ended December 31, | 2025 | 2024 | 2023 |
| Net Revenues | |||
| Interest revenue | $15,504 | $15,537 | $16,111 |
| Interest expense | (3,754) | (6,393) | (6,684) |
| Net interest revenue | 11,750 | 9,144 | 9,427 |
| Asset management and administration fees | 6,506 | 5,716 | 4,756 |
| Trading revenue | 3,921 | 3,264 | 3,230 |
| Bank deposit account fees | 977 | 729 | 705 |
| Other | 767 | 753 | 719 |
| Total net revenues | 23,921 | 19,606 | 18,837 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 6,491 | 6,043 | 6,315 |
| Professional services | 1,197 | 1,053 | 1,058 |
| Occupancy and equipment | 1,117 | 1,060 | 1,254 |
| Advertising and market development | 420 | 397 | 397 |
| Communications | 620 | 591 | 629 |
| Depreciation and amortization | 850 | 916 | 804 |
| Amortization of acquired intangible assets | 512 | 519 | 534 |
| Regulatory fees and assessments | 287 | 398 | 547 |
| Other | 968 | 937 | 921 |
| Total expenses excluding interest | 12,462 | 11,914 | 12,459 |
| Income before taxes on income | 11,459 | 7,692 | 6,378 |
| Taxes on income | 2,607 | 1,750 | 1,311 |
| Net Income | 8,852 | 5,942 | 5,067 |
| Preferred stock dividends and other | 435 | 464 | 418 |
| Net Income Available to Common Stockholders | $8,417 | $5,478 | $4,649 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic | 1,804 | 1,828 | 1,824 |
| Diluted | 1,809 | 1,834 | 1,831 |
| Earnings Per Common Shares Outstanding (1): | |||
| Basic | $4.67 | $3.00 | $2.55 |
| Diluted | $4.65 | $2.99 | $2.54 |
(1)For additional information on earnings per common shares outstanding for both voting and nonvoting stock, see Notes 19 and 25.
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