Charles Schwab Q4 2024 Earnings Report
Key Takeaways
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.
Net revenues increased 20% year-over-year to $5.3 billion.
GAAP earnings per share reached $.94, while adjusted earnings per share were $1.01, a 49% increase year-over-year.
Core net new assets totaled $115 billion for the quarter and $367 billion for the year.
Client assets increased 19% year-over-year to $10.10 trillion.
Charles Schwab
Charles Schwab
Charles Schwab Revenue by Segment
Forward Guidance
This press release contains forward-looking statements relating to the company’s ongoing progress following the Ameritrade acquisition; asset gathering; client cash trends; competitive position; through-the-cycle profitability; and capital ratios.
Positive Outlook
- Ongoing progress following the Ameritrade acquisition
- Asset gathering
- Client cash trends
- Competitive position
- Capital ratios
Challenges Ahead
- Risks and uncertainties that could cause actual results to differ materially from the expressed expectations.
- Factors described in the company’s most recent reports on Form 10-K
- Factors described in the company’s most recent reports on Form 10-Q
- These reports have been filed with the Securities and Exchange Commission
- The company makes no commitment to update any forward-looking statements.