Charles Schwab Earnings Reports

Schwab delivered strong financial results in Q1 2025 with record net revenues of $5.6 billion and robust net income, supported by increased trading activity, sustained lending momentum, and strong net asset inflows.

Charles Schwab's Q4 2024 net revenues increased by 20% year-over-year to $5.3 billion. Quarterly GAAP earnings per share were $.94, and adjusted earnings per share were $1.01, up 49% versus Q4 2023. The company added $115 billion in core net new assets during the quarter, bringing the full year total to $367 billion.

Charles Schwab reported a net income of $1.4 billion, or $0.71 per diluted share, for the third quarter of 2024. Total client assets reached a record $9.92 trillion, and core net new assets totaled $95.3 billion. Quarterly net revenues grew by 5% year-over-year to $4.8 billion.

The Charles Schwab Corporation reported a net income of $1.3 billion for the second quarter of 2024, with diluted earnings per share of $0.66. Adjusted net income was $1.5 billion, or $0.73 per share. Total client assets reached a record $9.4 trillion, and core net new assets grew by 17% year-over-year to $61.2 billion.

Charles Schwab reported Q1 2024 net revenues of $4.7 billion, a 6% increase quarter-over-quarter. Net income totaled $1.4 billion, with diluted earnings per share at $0.68. Core net new assets reached $96 billion, and total client assets hit a record $9.1 trillion, up 20% year-over-year.

Charles Schwab's Q4 2023 net income was $1.0 billion, a decrease from $2.0 billion in Q4 2022. Total client assets reached a record $8.52 trillion at year-end, up 21%. The company saw $306 billion in core net new assets during the year, including over $43 billion in December alone.

Charles Schwab Corporation reported a net income of $1.1 billion for Q3 2023, a decrease from $2.0 billion in Q3 2022. Despite a challenging economic backdrop, the company gathered $46 billion in core net new assets, including $27 billion in September following a successful Ameritrade client conversion. The company is focused on enhancing its wealth platform and has identified opportunities for at least $1 billion in incremental annual expense savings.

Charles Schwab reported a net income of $1.3 billion for the second quarter of 2023, compared to $1.8 billion for the same quarter in 2022. The company's total client assets exceeded $8 trillion, and it maintained a strong profitability with a GAAP pre-tax margin of 36.3% (42.0% adjusted).

Charles Schwab reported a strong first quarter in 2023, with net income reaching $1.6 billion, a 14% increase compared to Q1 2022. The company experienced 10% year-over-year revenue growth and a GAAP pre-tax profit margin of 41.2%. Client assets reached $7.58 trillion, supported by substantial core net new assets of $132 billion.

Charles Schwab reported a strong Q4 2022, with net income reaching $2.0 billion, a 25% increase year-over-year. Earnings per share also saw a significant rise, climbing to $0.97. The company's success was underpinned by a 17% increase in net revenues, which totaled $5.5 billion.

Charles Schwab reported a record quarterly performance in Q3 2022, with revenues rising 20% year-over-year to $5.5 billion and net income reaching $2.0 billion, up 32%. Core net new assets totaled $115 billion, representing a 7% annualized growth rate. The company's GAAP earnings per share reached a record of $0.99, with an adjusted EPS of $1.10.

Charles Schwab's Q2 2022 revenues increased by 13% to surpass $5 billion. Quarterly net income also reached new highs of $1.8 billion GAAP, $2.0 billion adjusted.

Charles Schwab reported a net income of $1.4 billion for Q1 2022, a decrease compared to both Q4 2021 and Q1 2021. The company attracted 1.2 million new brokerage accounts and $121 billion in core net new assets. Total client assets reached $7.86 trillion, up 11% year-over-year.

Charles Schwab Corporation announced record net income of $1.6 billion for Q4 2021, compared to $1.1 billion for Q4 2020. Total client assets reached a record $8.14 trillion at year-end, up 22% versus December 2020. Core net new assets for the quarter totaled $162.2 billion, also a record.

Charles Schwab reported a strong fourth quarter in 2020, marked by record operating performance and the closing of the TD Ameritrade acquisition. Net income for the quarter was $1.1 billion, or $0.57 per share, while adjusted EPS reached $0.74. The company saw record client engagement, contributing to a significant rise in core net new assets and total client assets.

Charles Schwab reported a net income of $698 million for the third quarter of 2020, compared to $671 million for the second quarter of 2020 and $951 million for the third quarter of 2019. The company's financial results include acquisition and integration-related costs as well as the amortization of acquired intangibles. Total client assets ended the quarter at $4.40 trillion, up 17%.

Charles Schwab reported a net income of $671 million, a decrease of 28% compared to Q2 2019. Net revenues were $2.45 billion, down 9% year-over-year. However, client assets reached a record $4.11 trillion, up 11%, and the company gathered $137.4 billion in net new assets.

Charles Schwab reported a net income of $795 million for Q1 2020, a decrease of 18% compared to Q1 2019. The diluted earnings per share were $0.58, down 16% year-over-year. The company experienced strong client activity, including record core net new assets and new brokerage accounts, but results were impacted by market volatility and expenses related to pending acquisitions and the COVID-19 pandemic.

Charles Schwab reported a decrease in net income for Q4 2019 to $852 million, a 9% decrease compared to Q4 2018. However, full-year revenues and net income reached record levels, growing 6% to $10.7 billion and $3.7 billion, respectively. The company saw record fourth-quarter core net new assets of $66.2 billion and total client assets surpassing $4 trillion.