Schwab Charles Corp.
- SCHW ยท NYSE
- Security Brokers, Dealers & Flotation Companies
- Westlake, TX
- 33,000 employees
- CIK 0000316709
Updated from SEC filings through
Top things to know
Executives
- Richard A. Wurster President & CEO 4, 2026-05-28
- Michael D. Verdeschi CFO 4, 2026-06-04
- Dennis Howard MD, Chief Tech, OPS & Data Off 4, 2026-08-17
- Nigel J. Murtagh Chief Risk Officer 4, 2026-08-10
- Tyler A. Woulfe MD, Chief Banking Officer 3, 2026-07-10
- Paul Woolway V. MD, Chief Banking Officer 4, 2026-04-16
Schwab Charles Corp is a U.S. public company in security brokers, dealers & flotation companies (SIC 6211), headquartered in Westlake, TX. It trades as SCHW on NYSE. Revenue was $23.9B in the fiscal year ending December 31, 2025, +22.0% from the year before. It reported about 33,000 employees. Richard A. Wurster is President & CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $23.9B 10-K, 2026-02-25 | $19.6B 10-K, 2026-02-25 | $18.8B 10-K, 2026-02-25 | $20.8B 10-K, 2025-02-26 | $18.5B 10-K, 2024-02-23 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $8.9B 10-K, 2026-02-25 | $5.9B 10-K, 2026-02-25 | $5.1B 10-K, 2026-02-25 | $7.2B 10-K, 2025-02-26 | $5.9B 10-K, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Richard A. Wurster | President & CEO | 4, 2026-05-28 |
| Michael D. Verdeschi Chief Financial Officer, The Charles Schwab Corporation | CFO | 4, 2026-06-04 |
| Dennis Howard | MD, Chief Tech, OPS & Data Off | 4, 2026-08-17 |
| Nigel J. Murtagh MD / Chief Risk Officer at Charles Schwab | Chief Risk Officer | 4, 2026-08-10 |
| Tyler A. Woulfe | MD, Chief Banking Officer | 3, 2026-07-10 |
| Paul Woolway V. | MD, Chief Banking Officer | 4, 2026-04-16 |
| Dennis W. Howard | Managing Director, Chief Technology, Operations and Data Officer | 10-K, 2026-02-25 |
| Paul V. Woolway | Managing Director and Chief Banking Officer | 10-K, 2026-02-25 |
| Neesha Hathi | MD, Head Wealth Adv, Bnk, Tst | 4, 2026-09-02 |
| Walter W. Bettinger | Co-Chairman | 4, 2026-08-31 |
| Charles R. Schwab | Co-Chairman | 4, 2026-08-28 |
| Jonathan S. Beatty | MD, Head of Advisor Services | 4, 2026-08-18 |
| Jonathan M. Craig Managing Director, Head of Retail Investing at Charles Schwab | MD, Head of Retail Investing | 4, 2026-08-17 |
| Peter J. Morgan III | General Counsel | 4, 2026-07-27 |
What Schwab Charles Corp does
The Charles Schwab Corporation (CSC) is a savings and loan holding company. CSC engages, through its subsidiaries (collectively referred to as Schwab or the Company), in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.2 million banking accounts.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 1.73 billion (as of October 30, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $156B (as of June 30, 2025) | 10-K, February 25, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting May 21, 2026 (filed April 6, 2026) | DEF 14A, April 6, 2026 |
| Auditor | Deloitte & Touche LLP (Dallas, TX) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 3, 2026 | Charles R. Schwab Co-Chairman | Sale | 11,675 | $1.0M | Form 4, November 5, 2026 |
| November 2, 2026 | Neesha Hathi MD, Head Wealth Adv, Bnk, Tst | Sale | 5,000 | $445K | Form 4, November 3, 2026 |
| October 29, 2026 | Charles R. Schwab Co-Chairman | Sale | 203,150 | $18.1M | Form 4, October 29, 2026 |
| October 1, 2026 | Neesha Hathi MD, Head Wealth Adv, Bnk, Tst | Sale | 5,000 | $489K | Form 4, October 5, 2026 |
| September 1, 2026 | Neesha Hathi MD, Head Wealth Adv, Bnk, Tst | Sale | 3,177 | $346K | Form 4, September 2, 2026 |
| August 28, 2026 | Neesha Hathi MD, Head Wealth Adv, Bnk, Tst | Sale | 3,177 | $343K | Form 4, August 31, 2026 |
| August 28, 2026 | Walter W. Bettinger Co-Chairman | Sale | 74,388 | $8.3M | Form 4, August 31, 2026 |
| August 26, 2026 | Carolyn Schwab-Pomerantz Director | Sale | 9,175 | $1.0M | Form 4, August 27, 2026 |
Recent 8-K events
- 8-K filed 2026-10-15
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-12
- Item 8.01 Other events
- 8-K filed 2026-07-21
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-29
- Item 8.01 Other events
- 8-K filed 2026-06-01
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-05-22
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-21
- Item 8.01 Other events
- 8-K filed 2026-04-22
- Item 3.03 Material modification to rights of security holders
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 8.01 Other events
- 8-K filed 2026-04-16
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-02
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Schwab Charles Corp
- What does Schwab Charles Corp do?
- In its own words, from Item 1 of its 10-K: "The Charles Schwab Corporation (CSC) is a savings and loan holding company. CSC engages, through its subsidiaries (collectively referred to as Schwab or the Company), in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.2 million banking accounts."
- What is Schwab Charles Corp's revenue?
- $23.9B for the fiscal year ending December 31, 2025, from its 10-K filed February 25, 2026.
- Is Schwab Charles Corp profitable?
- Schwab Charles Corp reported net income of $8.9B for the fiscal year ending December 31, 2025.
- How many employees does Schwab Charles Corp have?
- About 33,000 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Schwab Charles Corp?
- Richard A. Wurster, President & CEO, as named in a 4 filed May 28, 2026.
- Who is the CFO of Schwab Charles Corp?
- Michael D. Verdeschi, CFO, as named in a 4 filed June 4, 2026.
- Where is Schwab Charles Corp headquartered?
- Westlake, TX.
- What is Schwab Charles Corp's stock ticker?
- SCHW, SCHW-PD, SCHW-PJ on NYSE.
- What industry is Schwab Charles Corp in?
- Security Brokers, Dealers & Flotation Companies, SIC code 6211.
- What is Schwab Charles Corp's website?
- aboutschwab.com. Investor relations: https://www.schwab.com/legal/schwab-pricing-guide-for-individual-investors.
- When does Schwab Charles Corp report earnings next?
- January 19, 2027. Source: estimate_8k_pattern.
- Is Schwab Charles Corp a public company?
- Yes. Schwab Charles Corp files with the SEC under CIK 0000316709 and trades as SCHW.
- Who audits Schwab Charles Corp?
- Deloitte & Touche LLP, Dallas, TX, as named in its latest annual report (10-K).
- How many shares of Schwab Charles Corp are outstanding?
- 1.73 billion shares as of October 30, 2026, from its 10-Q filed November 6, 2026.
- What is Schwab Charles Corp's public float?
- $156B as of June 30, 2025, as reported on the cover of its 10-K filed February 25, 2026.
- How many business segments does Schwab Charles Corp report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Schwab Charles Corp's annual shareholder meeting?
- May 21, 2026, per its proxy statement (DEF 14A) filed April 6, 2026.
- Have Schwab Charles Corp insiders traded stock recently?
- Since October 1, 2025, officers and directors reported 67 open-market sales worth about $357M and 1 purchase worth about $1.8M on Forms 4 and 5. The most recent: Charles R. Schwab (Co-Chairman) sold 11,675 shares on November 3, 2026.