SCHWAB CHARLES CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Equipment, Office Facilities, and Property
- Equipment, Office Facilities, and Property
Equipment, office facilities, and property are detailed below:
| December 31, | 2025 | 2024 |
|---|---|---|
| Software | $3,890 | $3,718 |
| Buildings | 1,976 | 1,801 |
| Information technology and telecommunications equipment | 1,127 | 1,086 |
| Leasehold improvements | 371 | 411 |
| Land | 244 | 235 |
| Construction in progress | 90 | 205 |
| Other | 360 | 341 |
| Total equipment, office facilities, and property | 8,058 | 7,797 |
| Accumulated depreciation and amortization | (4,967) | (4,459) |
| Total equipment, office facilities, and property — net | $3,091 | $3,338 |
As a result of its Ameritrade integration and restructuring efforts, the Company recognized impairment losses of fixed assets of $47 million during the year ended December 31, 2023. These losses are included inother expense on the consolidated statements of income. For the purpose of measuring impairment loss, the fair value of the asset group was determined using a discounted cash flow analysis. The fair value of the asset group was not material at December 31, 2023.
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