Charles Schwab Revenue 2010-2023 | SCHW (2024)

FAQs

What is Charles Schwab revenue by year? ›

Charles Schwab annual revenue for 2023 was $18.837B, a 9.27% decline from 2022. Charles Schwab annual revenue for 2022 was $20.762B, a 12.11% increase from 2021. Charles Schwab annual revenue for 2021 was $18.52B, a 58.41% increase from 2020.

Charles Schwab Revenue (Annual): 18.84B for Dec. 31, 2023.

Charles Schwab annual net income for 2023 was $4.649B, a 29.93% decline from 2022. Charles Schwab annual net income for 2022 was $6.635B, a 23.79% increase from 2021. Charles Schwab annual net income for 2021 was $5.36B, a 76.14% increase from 2020.

Charles Schwab annual gross profit for 2023 was $18.837B, a 9.27% decline from 2022. Charles Schwab annual gross profit for 2022 was $20.762B, a 12.11% increase from 2021. Charles Schwab annual gross profit for 2021 was $18.52B, a 58.41% increase from 2020.

Fitch Affirms Charles Schwab at 'A'/'F1'; Outlook Stable. Fitch Ratings - Chicago - 29 Jan 2024: Fitch Ratings has affirmed The Charles Schwab Corporation's (Schwab) Long- and Short-Term Issuer Default Ratings (IDRs) at 'A'/'F1', and its Viability Rating (VR) at 'a'. The Rating Outlook is Stable.

On July 22, 2008, Walter W. Bettinger, the previous chief operating officer, was named chief executive, succeeding the company's namesake. Charles R. Schwab remained executive chairman of the company and said that he would "continue to serve as a very active chairman".

Largest shareholders include Toronto Dominion Bank, Vanguard Group Inc, BlackRock Inc., Dodge & Cox, Price T Rowe Associates Inc /md/, State Street Corp, DODGX - Dodge & Cox Stock Fund, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Jpmorgan Chase & Co, and VFINX - Vanguard 500 Index Fund Investor ...

He semi-retired from the company in 2008 when he stepped down as CEO, but he remains chairman and is the largest shareholder. As of May 2021, his net worth is estimated by Forbes to be $10.6 billion, making him the 210th richest man in the world. Sacramento, California, U.S.

Charles Schwab Balance Sheet Health

Charles Schwab has a total shareholder equity of $42.4B and total debt of $55.3B, which brings its debt-to-equity ratio to 130.4%. Its total assets and total liabilities are $468.8B and $426.4B respectively.

Charles Schwab annual net current debt for 2023 was $15.896B, a 30.39% increase from 2022. Charles Schwab annual net current debt for 2022 was $12.191B, a 151.26% increase from 2021. Charles Schwab annual net current debt for 2021 was $4.852B, a INF% increase from 2020.

Who is the billionaire Schwab? ›

Schwab is the chairman of Charles Schwab Corp., a discount brokerage that has about $8.5 trillion in client assets. The Raonoke, Texas-based business was founded by Schwab in 1971 has been publicly traded for more than three decades.

An example of how Schwab makes money directly is from direct commissions or transactions fees that you pay us for brokerage services. These are described in schwab.com/pricing-guide. Below we describe ways in which Schwab and its affiliates earn money indirectly from investments held in your accounts.

Schwab became president of the Carnegie Steel Company at an annual compensation in excess of $1,000,000. In December 1900, Schwab had dinner with financier J. Pierpont Morgan and broached the idea of creating a huge steel combine from several competing companies.

Later, he founded the Charles Schwab Corporation, which revolutionized the stock brokerage industry with its low-cost, accessible investment options. The company's focus on low fees, acquisition strategy, and commitment to innovation helped it become the largest discount brokerage firm in the US.

WESTLAKE, Texas-- According to Charles Schwab's SDBA Indicators Report, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), the average account balance across all participant accounts finished at $287,769 for the third quarter of 2023, up by ...

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2023 was $1.0 billion compared with $2.0 billion for the fourth quarter of 2022.

The Charles Schwab Corporation is a Fortune 500 company.