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Midas Edge

SCHWAB CHARLES CORP

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

View on SEC.gov

About this filing

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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Contents

Fair Values of Assets and Liabilities

  1. Fair Values of Assets and Liabilities

For a description of the fair value hierarchy and Schwab’s fair value methodologies, including the use of independent third-party pricing services, see Note 2. The Company did not adjust prices received from the primary independent third-party pricing services at December 31, 2025 or 2024.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis:

December 31, 2025Level 1Level 2Level 3Balance atFair Value
Cash equivalents:
Money market funds$13,947$—$—$13,947
U.S. Treasury securities—1,989—1,989
Total cash equivalents13,9471,989—15,936
Investments segregated and on deposit for regulatory purposes:
U.S. government securities—23,555—23,555
Total investments segregated and on deposit for regulatory purposes—23,555—23,555
Available for sale securities:
U.S. agency mortgage-backed securities—41,434—41,434
U.S. Treasury securities—11,364—11,364
Corporate debt securities—4,667—4,667
Asset-backed securities—4,199—4,199
U.S. state and municipal securities—561—561
Non-agency commercial mortgage-backed securities—113—113
Other—19—19
Total available for sale securities—62,357—62,357
Other assets:
Other securities owned:
Equity, corporate debt, and other securities1,70484—1,788
Mutual funds and ETFs1,314——1,314
State and municipal debt obligations—45—45
U.S. government securities—15—15
Total other securities owned3,018144—3,162
Interest rate swaps—1—1
Total other assets3,018145—3,163
Total assets$16,965$88,046$—$105,011
Accrued expenses and other liabilities:
Interest rate swaps$—$1$—$1
Other2,80440—2,844
Total accrued expenses and other liabilities2,80441—2,845
Total liabilities$2,804$41$—$2,845
  • 100 -
December 31, 2024Level 1Level 2Level 3Balance atFair Value
Cash equivalents:
Money market funds$11,005$—$—$11,005
Total cash equivalents11,005——11,005
Investments segregated and on deposit for regulatory purposes:
U.S. government securities—25,740—25,740
Total investments segregated and on deposit for regulatory purposes—25,740—25,740
Available for sale securities:
U.S. agency mortgage-backed securities—51,833—51,833
U.S. Treasury securities—14,469—14,469
Corporate debt securities—9,579—9,579
Asset-backed securities—5,910—5,910
U.S. state and municipal securities—549—549
Foreign government agency securities—527—527
Non-agency commercial mortgage-backed securities—109—109
Other—18—18
Total available for sale securities—82,994—82,994
Other assets:
Other securities owned:
Equity, corporate debt, and other securities1,39573—1,468
Mutual funds and ETFs1,019——1,019
State and municipal debt obligations—38—38
U.S. government securities—18—18
Total other securities owned2,414129—2,543
Total other assets2,414129—2,543
Total assets$13,419$108,863$—$122,282
Accrued expenses and other liabilities:
Other$2,161$37$—$2,198
Total accrued expenses and other liabilities2,16137—2,198
Total liabilities$2,161$37$—$2,198
  • 101 -

Fair Value of Other Financial Instruments

The following tables present the fair value hierarchy for other financial instruments:

December 31, 2025CarryingAmountLevel 1Level 2Level 3Balance atFair Value
Assets
Cash and cash equivalents$30,094$30,094$—$—$30,094
Cash and investments segregated and on deposit for regulatory purposes19,2902,47016,820—19,290
Receivables from brokers, dealers, and clearing organizations7,190—7,190—7,190
Receivables from brokerage clients — net104,625—104,625—104,625
Held to maturity securities:
U.S. agency mortgage-backed securities133,563—125,649—125,649
U.S. Treasury securities406—406—406
Total held to maturity securities133,969—126,055—126,055
Bank loans — net:
First Mortgages30,456—28,612—28,612
HELOCs426—431—431
Pledged asset lines26,603—26,603—26,603
Other470—470—470
Total bank loans — net57,955—56,116—56,116
Other assets766—766—766
Liabilities
Bank deposits$255,747$—$255,747$—$255,747
Payables to brokers, dealers, and clearing organizations25,689—25,689—25,689
Payables to brokerage clients116,341—116,341—116,341
Accrued expenses and other liabilities1,359—1,359—1,359
Other short-term borrowings6,913—6,913—6,913
Federal Home Loan Bank borrowings1,850—1,850—1,850
Long-term debt22,162—22,059—22,059
December 31, 2024 · CarryingAmount · Level 1 · Level 2 · Level 3 · Balance atFair Value
Assets
Cash and cash equivalents$31,078$31,078$—$—$31,078
Cash and investments segregated and on deposit for regulatory purposes12,4162,40110,015—12,416
Receivables from brokers, dealers, and clearing organizations2,440—2,440—2,440
Receivables from brokerage clients — net85,343—85,343—85,343
Held to maturity securities:
U.S. agency mortgage-backed securities146,453—132,605—132,605
Total held to maturity securities146,453—132,605—132,605
Bank loans — net:
First Mortgages27,375—24,336—24,336
HELOCs423—441—441
Pledged asset lines17,024—17,024—17,024
Other393—393—393
Total bank loans — net45,215—42,194—42,194
Other assets1,405—1,405—1,405
Liabilities
Bank deposits$259,121$—$259,121$—$259,121
Payables to brokers, dealers, and clearing organizations13,336—13,336—13,336
Payables to brokerage clients101,559—101,559—101,559
Accrued expenses and other liabilities1,076—1,076—1,076
Other short-term borrowings5,999—5,999—5,999
Federal Home Loan Bank borrowings16,700—16,70016,700
Long-term debt22,379—21,621—21,621
  • 102 -
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.