Short answer
Charles Schwab Corp (SCHW) filed its Q2 2025 10-Q quarterly report on Aug 8, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $5.9B (up 24.8% year over year) with net income of $2.1B.
Q2 2025 key financials · XBRL
- Revenue
- $5.9B
- +24.8% YoY · +4.5% QoQ
- Net income
- $2.1B
- +59.6% YoY · +11.4% QoQ
- EPS (diluted)
- $1.08
- +63.6% YoY · +9.1% QoQ
Source: XBRL data from the Charles Schwab Corp (SCHW) Q2 2025 10-Q on SEC EDGAR. USD.
Charles Schwab Corp Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue: Net income $1,977M Q2 2025 vs $1,211M Q2 2024, earnings per share (EPS) $1.08 vs $0.66 (+63% YoY)
- Profitability: GAAP return on common equity 19% Q2 2025 vs 14% Q2 2024; adjusted return on tangible common equity 35% vs 34% YoY
- Best segment: Not explicitly segmented; adjusted net income increased to $2,073M Q2 2025 vs $1,344M Q2 2024
- Expenses: Adjusted total expenses $2,920M Q2 2025 vs $2,768M Q2 2024, excluding acquisition and restructuring costs
- Capital ratios: Tier 1 Leverage Ratio GAAP 9.8% Q2 2025 vs 9.9% Dec 2024; adjusted Tier 1 Leverage Ratio 7.2% vs 6.8% Dec 2024
Risk Factors
- New operational risk from SEC’s May 2024 Section 31 fee rate increase causing higher industry fees due to increased client trading volume
- Updated expense risk with 5%-7% rise in adjusted total expenses driven by merit increases, incentive compensation, and professional services growth
- Regulatory risk from SEC fee changes specifically impacting industry fees and partially offset by lower regulatory fees and assessments
- Market risk related to client margin loan balances $83.4B at June 30, 2025, down slightly from year-end amid late Q1/Q2 volatility and subsequent rebound
- Financial risk includes 44% reduction in bank supplemental funding ($22.2B) in first half 2025, lowering liquidity pressures with $27.7B outstanding at quarter end
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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