Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Schwab’s revenue by major source is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net interest revenue
Cash and cash equivalents	$	264	$	369	$	897	$	1,205
Cash and investments segregated	494		345		1,412		1,014
Receivables from brokerage clients	1,490		1,431		4,204		4,042
Available for sale securities	360		531		1,198		1,680
Held to maturity securities	587		650		1,811		1,998
Bank loans	557		484		1,568		1,384
Securities lending revenue	183		87		339		258
Other interest revenue	21		31		71		105
Interest revenue	3,956		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 revenue	3,050		2,222		8,578		6,613
Asset management and administration fees
Mutual funds, ETFs, and CTFs	946		827		2,695		2,370
Managed investing solutions	619		559		1,777		1,572
Other	108		90		301		265
Asset management and administration fees	1,673		1,476		4,773		4,207
Trading revenue
Commissions	453		388		1,315		1,184
Order flow revenue	490		357		1,399		1,066
Principal transactions	52		52		141		141
Trading revenue	995		797		2,855		2,391
Bank deposit account fees	247		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.