The earnings call reflected a strong financial performance with significant growth in revenue and client engagement. Successful integration of Ameritrade and strategic investments in technology and client services were highlighted as key achievements. However, challenges in hitting retail growth targets and ongoing supplemental borrowing issues were noted as areas for improvement.

Company Guidance

In the call, Schwab provided guidance with multiple key metrics highlighting their strong performance and future growth prospects. The company achieved a net new assets (NNA) growth of 20% for the year and 51% for the fourth quarter, while total new brokerage accounts increased by 10% from the prior year. Revenue grew by 4% annually and 20% over the fourth quarter of 2023, with adjusted earnings per share rising nearly 50% versus Q4. Schwab also noted record trading activity and engagement, with client promoter scores reaching all-time highs. Supplemental borrowing decreased to $50 billion, and capital ratios were aligned with targets. Looking forward, Schwab anticipates revenue growth of 13% to 15% in 2025, with plans to reduce bank supplemental funding further and expand their offerings, including crypto trading, when permissible. The company aims for a long-term organic growth rate of 5% to 7% and plans to enhance client relationships and expand their market presence through strategic investments.

Strong Financial Performance

Revenue for Q4 2024 reached $5.3 billion, a year-over-year increase of 20%. Adjusted earnings per share increased nearly 50% on an adjusted basis versus Q4 2023.

Client Growth and Engagement

Net new assets growth up 20% for the year and 51% for the quarter. Total new brokerage accounts in 2024 were up 10% from the prior year. Record engagement with trading, coaching, and education.

Successful Integration of Ameritrade

Completed the largest brokerage conversion in the history of the industry, welcoming over 17 million Ameritrade client accounts and nearly $2 trillion in assets with less client attrition than forecasted.

Strategic Focus Areas

Investments in AI and technology to drive efficiency, expansion of financial consultant workforce, and enhancements in trading, wealth, and lending offers.

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Charles Schwab (SCHW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SCHW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 21, 2025	2025 (Q1)	0.98 / -	0.74	―	―	―
Jan 21, 2025	2024 (Q4)	0.91 / 1.01	0.68	48.53% (+0.33)	―	―
Oct 15, 2024	2024 (Q3)	0.75 / 0.77	0.77	0.00% (0.00)		―
Jul 16, 2024	2024 (Q2)	0.72 / 0.73	0.75	-2.67% (-0.02)
Apr 15, 2024	2024 (Q1)	0.73 / 0.74	0.93	-20.43% (-0.19)	―	―
Jan 17, 2024	2023 (Q4)	0.64 / 0.68	1.07	-36.45% (-0.39)	―	―
Oct 16, 2023	2023 (Q3)	0.75 / 0.77	1.1	-30.00% (-0.33)	―	―
Jul 18, 2023	2023 (Q2)	0.71 / 0.75	0.97	-22.68% (-0.22)	―	―
Apr 17, 2023	2023 (Q1)	0.90 / 0.93	0.77	20.78% (+0.16)	―	―
Jan 18, 2023	2022 (Q4)	1.09 / 1.07	0.86	24.42% (+0.21)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SCHW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 21, 2025	$76.16	$80.66	+5.91%
Oct 15, 2024	$67.36	$71.48	+6.12%
Jul 16, 2024	$74.27	$66.71	-10.18%
Apr 15, 2024	$69.06	$70.24	+1.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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