SCHWAB CHARLES CORP
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
SCHW$93.03+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
(in Millions)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities | ||
| Net income | $8,185 | $6,393 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | ||
| Share-based compensation | 295 | 259 |
| Depreciation and amortization | 595 | 644 |
| Amortization of acquired intangible assets | 415 | 385 |
| Provision (benefit) for deferred income taxes | (30) | 397 |
| Premium amortization, net, on available for sale and held to maturity securities | 450 | 524 |
| Other | 628 | 525 |
| Net change in: | ||
| Investments segregated and on deposit for regulatory purposes | 19,402 | (8,671) |
| Receivables from brokers, dealers, and clearing organizations | (20,013) | (2,288) |
| Receivables from brokerage clients | (23,544) | (8,509) |
| Other assets | (2,792) | (1,038) |
| Payables to brokers, dealers, and clearing organizations | 20,763 | 9,071 |
| Payables to brokerage clients | 8,899 | 13,838 |
| Accrued expenses and other liabilities | 3 | (1,456) |
| Net cash provided by (used for) operating activities | 13,256 | 10,074 |
| Cash Flows from Investing Activities | ||
| Purchases of available for sale securities | (11,461) | (2,746) |
| Proceeds from sales of available for sale securities | 6,091 | 5,411 |
| Principal payments on available for sale securities | 7,586 | 20,405 |
| Purchases of held to maturity securities | (2,336) | (676) |
| Principal payments on held to maturity securities | 10,921 | 11,707 |
| Net change in bank loans | (14,369) | (8,426) |
| Cash paid for acquisition, net of cash acquired | (577) | — |
| Purchases of equipment, office facilities, and property | (639) | (390) |
| Purchases of FHLB stock | (103) | (589) |
| Proceeds from sales of FHLB stock | 103 | 1,262 |
| Purchases of Federal Reserve stock | (5) | (9) |
| Proceeds from sales of Federal Reserve stock | 30 | 8 |
| Other investing activities | (537) | (268) |
| Net cash provided by (used for) investing activities | (5,296) | 25,689 |
| Cash Flows from Financing Activities | ||
| Net change in bank deposits | (11,639) | (20,064) |
| Proceeds from FHLB borrowings | 2,500 | 16,760 |
| Repayments of FHLB borrowings | (2,350) | (32,610) |
| Proceeds from other short-term borrowings | 67,901 | 27,528 |
| Repayments of other short-term borrowings | (60,797) | (27,023) |
| Issuances of long-term debt | 5,813 | — |
| Repayments of long-term debt | (4,121) | (2,243) |
| Repurchases of common stock and nonvoting common stock | (3,877) | (4,581) |
| Net proceeds from preferred stock offerings | 1,480 | — |
| Redemption of preferred stock | (2,055) | (2,458) |
| Dividends paid | (1,912) | (1,765) |
| Proceeds from stock options exercised | 126 | 141 |
| Other financing activities | (163) | (97) |
| Net cash provided by (used for) financing activities | (9,094) | (46,412) |
| Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted | (1,134) | (10,649) |
| Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year | 69,661 | 65,514 |
| Cash and Cash Equivalents, including Amounts Restricted at End of Period | $68,527 | $54,865 |
Continued on following page.
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Condensed Consolidated Statements of Cash Flows
(in Millions)
Continued from previous page.
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental Cash Flow Information | ||
| Non-cash investing activity: | ||
| Changes in accrued equipment, office facilities, and property purchases | $645 | $54 |
| Non-cash financing activity: | ||
| Common stock repurchased during the period but settled after period end | $— | $20 |
| Other Supplemental Cash Flow Information: | ||
| Cash paid during the year for: | ||
| Interest | $3,139 | $3,572 |
| Income taxes, net | $2,547 | $955 |
| Amounts included in the measurement of lease liabilities | $184 | $186 |
| Leased assets obtained in exchange for new operating lease liabilities | $139 | $239 |
| September 30, 2026 | September 30, 2025 | |
| Reconciliation of cash, cash equivalents and amounts reported within the balance sheet (1) | ||
| Cash and cash equivalents | $36,657 | $30,572 |
| Restricted cash and cash equivalents amounts included in cash and investments segregated and on deposit for regulatory purposes | 31,870 | 24,293 |
| Total cash and cash equivalents, including amounts restricted shown in the statement of cash flows | $68,527 | $54,865 |
(1)For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 18.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.