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Dec 31, 2024
Charles Schwab Q4 2024 Earnings Report
Charles Schwab reported strong Q4 2024 results driven by revenue growth and disciplined expense management.
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
Revenue by Segment
Net Interest Revenue
CapyFin.comAsset Mgmt & Admin Fees Revenue
CapyFin.comTrading Revenue
CapyFin.comOther & Bank Fees Revenue
CapyFin.com 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.