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SCHWAB CHARLES CORPSCHW

Sector
Other
Industry
Security Brokers, Dealers & Flotation Companies
Exchange
NYSE

Stock Price $SCHW

Latest filings

You are here#12 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q328-K135

SCHW filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 135 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Dec ’18Dec ’18
  2. FY2020 annual report10-K · Feb ’21Feb ’21
  3. Leadership change8-K · Apr ’25Apr ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $23.92B
YoY changeLargest recent move+58.4%in FY21Latest +22.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All SCHW Financial Metrics46 metrics

Income Statement10

Balance Sheet16

Cash Flow15

Per Share5

02—Overview

SCHWAB CHARLES CORP Financial Overview 2021–2025

Updated Jul 10, 2026

Charles Schwab attracted $519.4 billiona in core net new assets during FY2025, a 42% annual surge that highlights the platform's sustained organic growth. The firm has successfully absorbed its largest competitor and eliminated high-cost temporary funding, cementing its position as a highly profitable asset-gathering machine.

Total client assets expanded from $8.14 trillion in FY2021 to $11.90 trillionb in FY2025. Over this timeline, Schwab executed the TD Ameritrade integration—finalizing account conversions in May 2024—and subsequently recalibrated its balance sheet. By FY2025, net interest revenue jumped 28% to $11.8 billion as the company aggressively reduced its reliance on expensive supplemental bank funding. This restored operational efficiency drove net income up 49% year-over-year to $8.9 billion, funding $7.3 billion in shareholder capital returns through stock repurchases and rising dividends.

At the close of FY2025, the stock traded at $99.91c, representing a multiple of 21.5x its $4.65 in diluted earnings per share for the year. With the integration behind it, Schwab is now deploying capital to expand its product suite, closing its $660 million acquisition of private market platform Forge Global in March 2026 and preparing to launch retail cryptocurrency trading.

Recent Developments (Q4 2025 and Q1 2026)

In Q1 2026, Schwab generated $6.5 billiond in total net revenues, a 16% year-over-year expansion. Growth was driven by a 16% increase in net interest revenue to $3.1 billion and a 15% rise in asset management fees to $1.8 billion. The firm constrained operating expenses to a 5% increase, lifting net income by 30% to $2.5 billion and driving a 38% increase in diluted earnings per share to $1.37.

Schwab restructured its capital stack, eliminating Series I preferred stock, issuing Series L preferred stock, and raising $3.25 billione in senior notes. Operationally, Dennis Howard was appointed Chief Technology, Operations and Data Officer in January 2026. Bulls highlight the firm's operating leverage and a 19% dividend increase to $0.32 per share. Bears caution the stock is richly valued at 29.6x earnings as of May 8, 2026, particularly as total client assets declined sequentially to $11.77 trillion.

What to watch: yields on the newly issued floating-rate debt; trading activity from the 1.3 million new brokerage accounts.

03—Filings

Recent SEC Filings

  1. 8-KSCHWAB CHARLES CORP 8-K Report, Corporate Update (Aug 12, 2026)The Charles Schwab Corporation (SCHW) announced the issuance of $1.25 billion in 5.108% Fixed-to-Floating Rate Senior Notes due 2032 and $1.35 billion in 5.655% Fixed-to-Floating Rate Senior Notes due 2037. The aggregate principal amount for this debt offering is $2.6 billion, with net proceeds estimated at approximately $2.582 billion after accounting for underwriting discounts and expenses. These proceeds are intended to bolster Schwab's capital structure, providing financial flexibility for future operations, potential strategic initiatives, or to strengthen its balance sheet.
  2. 8-KSCHWAB CHARLES CORP 8-K Report, Financial Results (Jul 21, 2026)The Charles Schwab Corporation (SCHW) has filed an 8-K report on July 21, 2026, to announce its financial results for the quarter ended June 30, 2026. The primary purpose of this filing is to furnish the press release containing these results, which provides investors with an update on the company's operational and financial performance during the second quarter of 2026. While the 8-K itself does not contain detailed financial statements, it serves as the official record of the release of this critical information. Investors should refer to the furnished press release (Exhibit 99.1) for specific details regarding Schwab's quarterly performance, including key financial metrics, earnings per share, revenue figures, and any forward-looking statements or management commentary. This report is a standard disclosure mechanism for timely financial updates and allows stakeholders to assess the company's progress and make informed investment decisions based on the latest available data.
  3. 8-KSCHWAB CHARLES CORP 8-K Report, Corporate Update (Jun 29, 2026)The Charles Schwab Corporation (SCHW) has announced the issuance of $1 billion in aggregate principal amount of 4.603% Fixed-to-Floating Rate Senior Notes due 2029. This transaction, which closed on June 25, 2026, raised approximately $995.5 million in net proceeds after accounting for underwriting discounts, commissions, and offering expenses. The issuance was conducted under an established shelf registration statement and indenture framework, ensuring compliance with regulatory requirements. This debt offering provides Schwab with additional capital, strengthening its financial position and flexibility. Investors should note that these are senior unsecured notes, and their interest rate will transition from a fixed rate to a floating rate in the future. The proceeds are expected to be used for general corporate purposes, which may include supporting its ongoing business operations and strategic initiatives.
  4. 8-KSCHWAB CHARLES CORP 8-K Report, Bylaw Amendment (Jun 1, 2026)The Charles Schwab Corporation (SCHW) has filed an 8-K report on June 1, 2026, detailing the elimination of its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. This action, formalized by filing a Certificate of Elimination with the Delaware Secretary of State, effectively removes the terms and provisions related to this specific series of preferred stock from the Company's Fifth Restated Certificate of Incorporation. This move suggests a simplification of the Company's capital structure, potentially reducing complexity and administrative overhead associated with managing different classes of preferred stock.
  5. 8-KSCHWAB CHARLES CORP 8-K Report, Shareholder Vote Results (May 22, 2026)Schwab Charles Corp. (SCHW) has filed an 8-K report detailing the outcomes of its 2026 Annual Meeting of Stockholders. The meeting saw all director nominees elected successfully, indicating continued confidence in the board's leadership. Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as the company's independent auditor for the fiscal year 2026, a routine but important vote for financial oversight. The advisory vote on executive compensation was also approved, suggesting shareholder alignment with the company's approach to compensating its named executive officers. However, a significant proposal to declassify the Board of Directors, which would have required an 80% supermajority vote of all outstanding common shares, did not achieve the necessary threshold for approval. This outcome means the board will remain classified, with directors serving staggered terms, a structure that provides for continuity but can also limit direct shareholder influence on board composition in the short term. Investors should note this outcome as it pertains to corporate governance.
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04—See also

Related Companies

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