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Revenue Recognition
 9 Months Ended
Sep. 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
September 30,		Nine Months Ended
September 30,
2025202420252024
Net interest revenue
Cash and cash equivalents$264 $369 $897 $1,205 
Cash and investments segregated494 345 1,412 1,014 
Receivables from brokerage clients1,490 1,431 4,204 4,042 
Available for sale securities 360 531 1,198 1,680 
Held to maturity securities587 650 1,811 1,998 
Bank loans557 484 1,568 1,384 
Securities lending revenue183 87 339 258 
Other interest revenue21 31 71 105 
Interest revenue3,956 3,928 11,500 11,686 
Bank deposits(248)(841)(1,010)(2,602)
Payables to brokers, dealers, and clearing organizations (1)
(188)(118)(492)(230)
Payables to brokerage clients(97)(79)(217)(229)
Other short-term borrowings
(87)(150)(256)(382)
Federal Home Loan Bank borrowings
(79)(310)(322)(988)
Long-term debt(207)(208)(625)(640)
Other interest expense— — — (2)
Interest expense(906)(1,706)(2,922)(5,073)
Net interest revenue3,050 2,222 8,578 6,613 
Asset management and administration fees
Mutual funds, ETFs, and CTFs946 827 2,695 2,370 
Managed investing solutions619 559 1,777 1,572 
Other108 90 301 265 
Asset management and administration fees1,673 1,476 4,773 4,207 
Trading revenue
Commissions453 388 1,315 1,184 
Order flow revenue490 357 1,399 1,066 
Principal transactions52 52 141 141 
Trading revenue995 797 2,855 2,391 
Bank deposit account fees247 152 739 488 
Other 170 200 640 578 
Total net revenues$6,135 $4,847 $17,585 $14,277 
(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 $823 million and $694 million at September 30, 2025 and December 31, 2024, respectively.

The Company had net contract assets of $199 million and $216 million at September 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.