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Segment Information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information Schwab’s two reportable segments are Investor Services and Advisor Services. Schwab structures the operating segments according to its clients and the services provided to those clients. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent RIAs, independent retirement advisors, and recordkeepers. Revenues and expenses are attributed to the two segments based on which segment services the client. Schwab’s chief operating decision makers (CODMs) are the President and Chief Executive Officer, and the Managing Director and Chief Financial Officer. The accounting policies of the segments are the same as those described in Item 8 – Note 2 in the 2024 Form 10-K. For the computation of its segment information, Schwab utilizes an activity-based costing model to allocate traditional income statement line item expenses (e.g., compensation and benefits, depreciation and amortization, and professional services) to the business activities driving segment expenses (e.g., client service, opening new accounts, or business development) and a funds transfer pricing methodology to allocate certain revenues. The CODMs evaluate the performance of the segments on a pre-tax basis and use income before taxes on income to allocate resources, including employees and capital, to the segments during the annual budgeting process. The CODMs consider budget-to-actual variances on a monthly basis when making decisions about allocating resources to the segments throughout the year. Segment assets and liabilities are not used for evaluating segment performance or in deciding how to allocate resources to segments. There are no revenues from transactions between the 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 The entire disclosure for reporting segments including data and tables. 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