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Revenue Recognition | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregation of Schwab’s revenue by major source is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 | 2024 |  | 2025 | 2024
Net interest revenue |  |  |  |  |  |  |
Cash and cash equivalents | $ | 305 |  |  | $ | 382 |  |  | $ | 633 |  |  | $ | 836 |
Cash and investments segregated | 506 |  |  | 281 |  |  | 918 |  |  | 669 |
Receivables from brokerage clients | 1,332 |  |  | 1,351 |  |  | 2,714 |  |  | 2,611 |
Available for sale securities | 405 |  |  | 555 |  |  | 838 |  |  | 1,149 |
Held to maturity securities | 602 |  |  | 658 |  |  | 1,224 |  |  | 1,348 |
Bank loans | 518 |  |  | 460 |  |  | 1,011 |  |  | 900 |
Securities lending revenue | 96 |  |  | 95 |  |  | 156 |  |  | 171 |
Other interest revenue | 23 |  |  | 35 |  |  | 50 |  |  | 74 |
Interest revenue | 3,787 |  |  | 3,817 |  |  | 7,544 |  |  | 7,758 |
Bank deposits | (326) |  |  | (840) |  |  | (762) |  |  | (1,761) |
Payables to brokers, dealers, and clearing organizations (1) | (167) |  |  | (57) |  |  | (304) |  |  | (112) |
Payables to brokerage clients | (69) |  |  | (77) |  |  | (120) |  |  | (150) |
Other short-term borrowings | (87) |  |  | (129) |  |  | (169) |  |  | (232) |
Federal Home Loan Bank borrowings | (110) |  |  | (348) |  |  | (243) |  |  | (678) |
Long-term debt | (206) |  |  | (208) |  |  | (418) |  |  | (432) |
Other interest expense | — |  |  | — |  |  | — |  |  | (2) |
Interest expense | (965) |  |  | (1,659) |  |  | (2,016) |  |  | (3,367) |
Net interest revenue | 2,822 |  |  | 2,158 |  |  | 5,528 |  |  | 4,391 |
Asset management and administration fees |  |  |  |  |  |  |
Mutual funds, ETFs, and CTFs | 884 |  |  | 785 |  |  | 1,749 |  |  | 1,543 |
Managed investing solutions | 589 |  |  | 510 |  |  | 1,158 |  |  | 1,013 |
Other | 97 |  |  | 88 |  |  | 193 |  |  | 175 |
Asset management and administration fees | 1,570 |  |  | 1,383 |  |  | 3,100 |  |  | 2,731 |
Trading revenue |  |  |  |  |  |  |
Commissions | 431 |  |  | 383 |  |  | 862 |  |  | 796 |
Order flow revenue | 466 |  |  | 357 |  |  | 909 |  |  | 709 |
Principal transactions | 55 |  |  | 37 |  |  | 89 |  |  | 89 |
Trading revenue | 952 |  |  | 777 |  |  | 1,860 |  |  | 1,594 |
Bank deposit account fees | 247 |  |  | 153 |  |  | 492 |  |  | 336 |
Other | 260 |  |  | 219 |  |  | 470 |  |  | 378 |
Total net revenues | $ | 5,851 |  |  | $ | 4,690 |  |  | $ | 11,450 |  |  | $ | 9,430 |
(1) Beginning in the fourth quarter of 2024, this line item includes interest expense related to securities loaned. Prior period amounts have been reclassified to reflect this change. See Note 1 for additional information. For a summary of revenue provided by our reportable segments, see Note 18. The recognition of revenue is not impacted by the operating segment in which revenue is generated. Contract balances: Receivables from contracts with customers within the scope of Accounting Standards Codification (ASC) 606 Revenue From Contracts With Customers (ASC 606), are included in other assets on the condensed consolidated balance sheets, and totaled $754 million and $694 million at June 30, 2025 and December 31, 2024, respectively. The Company had net contract assets of $205 million and $216 million at June 30, 2025 and December 31, 2024, respectively, related to the buy down of fixed-rate obligation amounts pursuant to the 2023 IDA agreement. These amounts are included in other assets on the condensed consolidated balance sheets and are amortized on a straight-line basis over the remaining contractual term as a reduction to bank deposit account fee revenue. For additional discussion of the 2023 IDA agreement, see Note 10. Unsatisfied performance obligations: We do not have any unsatisfied performance obligations other than those that are subject to an elective practical expedient under ASC 606. The practical expedient applies to and is elected for contracts where we recognize revenue at the amount to which we have the right to invoice for services performed.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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