{"id":838532,"date":"2025-04-17T08:28:26","date_gmt":"2025-04-17T12:28:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-reports-record-first-quarter-revenue\/"},"modified":"2025-04-17T08:28:26","modified_gmt":"2025-04-17T12:28:26","slug":"schwab-reports-record-first-quarter-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-reports-record-first-quarter-revenue\/","title":{"rendered":"Schwab Reports Record First Quarter Revenue"},"content":{"rendered":"

<\/p>\n

Schwab Reports Record First Quarter Revenue<\/b><\/p>\n

\nMarch Core Net New Assets Equal $59.1 Billion, 1Q25 Totals $137.7 Billion
\n
1Q25 Net Revenues Up 18% Year-Over-Year to a Record $5.6 Billion
\n
Quarterly GAAP Earnings Per Share of $.99, $1.04 Adjusted (1)<\/sup>\u00a0<\/sup>\u2013 Up 41% Versus 1Q24\n<\/p>\n

WESTLAKE, Texas–(BUSINESS WIRE<\/a>)–
\nThe Charles Schwab Corporation reported net income for the first quarter totaling $1.9 billion, or $.99 earnings per share. Excluding $130 million of pre-tax transaction-related costs, adjusted (1)<\/sup> net income and earnings per share equaled $2.0 billion and $1.04, respectively.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250417974117\/en\/<\/a><\/p>\n\n\n\n\n\n\n\n\n
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Client Driven
\n
<\/b>Growth<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

$137.7B
\n
<\/b>1Q25 Core
\n
Net New Assets\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u201cInvestors turned to Schwab to navigate an increasingly uncertain environment in 1Q25, entrusting us with $138 billion in core net new assets. This 44% year-over-year increase in asset gathering was powered by our unwavering focus on serving the needs of clients across Retail, Advisor Services, and Workplace Financial Services.\u201d\n<\/p>\n

President & CEO Rick Wurster<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

Diversified
\n
Revenue Growth<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

18%
\n
<\/b>1Q25 Revenue
\n
Growth vs. 1Q24\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u201cSchwab delivered growth on all fronts during the first quarter, converting robust organic growth, increased trading volumes, strong Managed Investing net inflows, and sustained bank lending momentum into record net revenues totaling $5.6 billion.\u201d\n<\/p>\n

President & CEO Rick Wurster<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

Balance Sheet
\n
Management<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

$11.8B
\n
<\/b>1Q25 Reduction in Bank
\n
Supplemental Funding (2)<\/sup><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u201cClient transactional sweep cash equaled $407.8 billion at the end of March \u2013 reflecting normal first quarter deployment activity partially offset by client net selling following the re-emergence of market volatility. At the same time, we further reduced Bank Supplemental Funding to $38.1 billion at quarter-end \u2013 a 46% decrease versus 1Q24.\u201d\n<\/p>\n

CFO Mike Verdeschi<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

Opportunistic
\n
Capital Return<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

$1.5B
\n
<\/b>Worth of Common
\n
Shares Repurchased\n<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u201cWhile continuing to meet the evolving needs of our growing client base, we increased capital return to stockholders during the quarter \u2013 including increasing the quarterly common dividend by 8% and repurchasing $1.5 billion worth of common stock.\u201d\n<\/p>\n

CFO Mike Verdeschi<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

1Q25 Client and Business Highlights<\/b><\/p>\n