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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Financial Information for Reportable Segments | Financial information for the segments is presented in the following table (1):
| Investor Services |  | Advisor Services |  | Total
Three Months Ended September 30, | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net Revenues |  |  |  |  |  |  |  |  |  |  |
Net interest revenue | $ | 2,424 |  |  | $ | 1,777 |  |  | $ | 626 |  |  | $ | 445 |  |  | $ | 3,050 |  |  | $ | 2,222 |
Asset management and administration fees | 1,221 |  |  | 1,074 |  |  | 452 |  |  | 402 |  |  | 1,673 |  |  | 1,476 |
Trading revenue | 906 |  |  | 710 |  |  | 89 |  |  | 87 |  |  | 995 |  |  | 797 |
Bank deposit account fees | 196 |  |  | 118 |  |  | 51 |  |  | 34 |  |  | 247 |  |  | 152 |
Other | 136 |  |  | 169 |  |  | 34 |  |  | 31 |  |  | 170 |  |  | 200 |
Total net revenues | 4,883 |  |  | 3,848 |  |  | 1,252 |  |  | 999 |  |  | 6,135 |  |  | 4,847 |
Expenses Excluding Interest |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits | 1,284 |  |  | 1,169 |  |  | 369 |  |  | 353 |  |  | 1,653 |  |  | 1,522 |
Professional services | 235 |  |  | 202 |  |  | 58 |  |  | 54 |  |  | 293 |  |  | 256 |
Occupancy and equipment | 220 |  |  | 211 |  |  | 60 |  |  | 60 |  |  | 280 |  |  | 271 |
Advertising and market development | 60 |  |  | 59 |  |  | 41 |  |  | 42 |  |  | 101 |  |  | 101 |
Communications | 105 |  |  | 103 |  |  | 44 |  |  | 44 |  |  | 149 |  |  | 147 |
Depreciation and amortization | 161 |  |  | 175 |  |  | 51 |  |  | 56 |  |  | 212 |  |  | 231 |
Amortization of acquired intangible assets | 104 |  |  | 105 |  |  | 23 |  |  | 25 |  |  | 127 |  |  | 130 |
Regulatory fees and assessments | 51 |  |  | 70 |  |  | 8 |  |  | 18 |  |  | 59 |  |  | 88 |
Other | 207 |  |  | 221 |  |  | 33 |  |  | 38 |  |  | 240 |  |  | 259 |
Total expenses excluding interest | 2,427 |  |  | 2,315 |  |  | 687 |  |  | 690 |  |  | 3,114 |  |  | 3,005 |
Income before taxes on income | $ | 2,456 |  |  | $ | 1,533 |  |  | $ | 565 |  |  | $ | 309 |  |  | $ | 3,021 |  |  | $ | 1,842 |
Nine Months Ended September 30, |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  |  |  |  |  |  |  |  |  |  |
Net interest revenue | $ | 6,826 |  |  | $ | 5,279 |  |  | $ | 1,752 |  |  | $ | 1,334 |  |  | $ | 8,578 |  |  | $ | 6,613 |
Asset management and administration fees | 3,479 |  |  | 3,050 |  |  | 1,294 |  |  | 1,157 |  |  | 4,773 |  |  | 4,207 |
Trading revenue | 2,563 |  |  | 2,115 |  |  | 292 |  |  | 276 |  |  | 2,855 |  |  | 2,391 |
Bank deposit account fees | 581 |  |  | 378 |  |  | 158 |  |  | 110 |  |  | 739 |  |  | 488 |
Other | 514 |  |  | 479 |  |  | 126 |  |  | 99 |  |  | 640 |  |  | 578 |
Total net revenues | 13,963 |  |  | 11,301 |  |  | 3,622 |  |  | 2,976 |  |  | 17,585 |  |  | 14,277 |
Expenses Excluding Interest |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits | 3,760 |  |  | 3,480 |  |  | 1,101 |  |  | 1,030 |  |  | 4,861 |  |  | 4,510 |
Professional services | 680 |  |  | 602 |  |  | 173 |  |  | 154 |  |  | 853 |  |  | 756 |
Occupancy and equipment | 647 |  |  | 610 |  |  | 177 |  |  | 174 |  |  | 824 |  |  | 784 |
Advertising and market development | 194 |  |  | 191 |  |  | 111 |  |  | 105 |  |  | 305 |  |  | 296 |
Communications | 338 |  |  | 321 |  |  | 140 |  |  | 139 |  |  | 478 |  |  | 460 |
Depreciation and amortization | 488 |  |  | 546 |  |  | 156 |  |  | 146 |  |  | 644 |  |  | 692 |
Amortization of acquired intangible assets | 314 |  |  | 339 |  |  | 71 |  |  | 50 |  |  | 385 |  |  | 389 |
Regulatory fees and assessments | 183 |  |  | 240 |  |  | 42 |  |  | 69 |  |  | 225 |  |  | 309 |
Other | 618 |  |  | 583 |  |  | 113 |  |  | 111 |  |  | 731 |  |  | 694 |
Total expenses excluding interest | 7,222 |  |  | 6,912 |  |  | 2,084 |  |  | 1,978 |  |  | 9,306 |  |  | 8,890 |
Income before taxes on income | $ | 6,741 |  |  | $ | 4,389 |  |  | $ | 1,538 |  |  | $ | 998 |  |  | $ | 8,279 |  |  | $ | 5,387 |
(1) In connection with certain changes in Schwab’s organizational management structure, in the fourth quarter of 2024, the Retirement Business Services business unit was transferred from the Advisor Services segment to the Investor Services segment. Accordingly, amounts related to the Retirement Business Services business unit are included within Investor Services for the third quarter and nine months ended September 30, 2025, and prior-year amounts have been recast to reflect this new basis of segmentation.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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