The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally.
Charles Schwab Q4 2025 Earnings Summary
Charles Schwab delivered record financial results in the fourth quarter of 2025, capping off an exceptional year that demonstrated the company’s ability to grow across all major business areas.
Schwab earned $2.5 billion in the fourth quarter, translating to $1.33 per share for investors. For the full year, the company generated $8.85 billion in profit, representing a 49% increase compared to 2024. This substantial profit growth means shareholders saw significantly improved returns on their investment, with the company returning $11.8 billion to shareholders through dividends and stock buybacks during 2025.
The company brought in $6.3 billion in quarterly revenue, up 19% from the same period last year, and $23.9 billion for the full year, representing 22% growth. This revenue comes from multiple sources: interest earned on client cash and loans, fees from managing investments, and trading activity. The diversification of these revenue streams helps protect the company during different market conditions.
Perhaps the most telling sign of Schwab’s health is how clients are voting with their wallets. Customers entrusted Schwab with $163.9 billion in new money during the quarter alone, bringing the full-year total to $519 billion. This represents a 5.1% organic growth rate, meaning the company is attracting new money beyond what market gains provide. Total client assets reached a record $11.9 trillion, up 18% from last year.
Schwab opened over one million new brokerage accounts for the fifth consecutive quarter, pushing total client accounts to 46.5 million. Customers are also using more services, with managed investment solutions seeing 50% higher inflows compared to last year’s fourth quarter.
The company converted roughly half of every revenue dollar into profit before taxes, achieving a 50.2% profit margin. This efficiency improvement from 43.3% a year ago shows management is controlling costs while growing the business.
Schwab announced plans to acquire Forge Global, a platform for trading private company shares, with the deal expected to close in early 2026. This positions the company to offer clients access to investments beyond traditional public markets.
