Charles Schwab (SCHW) FY2022 results: revenue $20.8 billion, up 12.1% on the year
Charles Schwab Corp. (SCHW) reported revenue of $20.8 billion for fiscal 2022, the year ended 31 December 2022, up 12.1% on the year before. Net income was $7.2 billion, up 22.7%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$20.8 billion
+12.1% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$7.2 billion
+22.7% on the year
FY2015FY2022
Diluted EPS
$3.50
+23.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,057
2,118
6,852
-2.9%
Capital expenditure
971
916
631
+6.0%
Free cash flow
1,086
1,202
6,221
-9.7%
Free cash flow margin
5.2%
6.5%
53.2%
Cash from investing
32,048
-75,663
-125,851
Cash from financing
-68,723
96,323
143,982
Depreciation and amortisation
652
549
414
+18.8%
Share-based compensation
366
254
204
+44.1%
Buybacks
3,395
0.0
0.0
Dividends paid
2,110
1,822
1,280
+15.8%
Dividend per share
$0.84
$0.72
$0.72
+16.7%
Diluted shares, weighted
1,894m
1,897m
1,435m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
36,608
56,261
56,060
-34.9%
Deposits
366,724
443,778
358,022
-17.4%
Short-term borrowings
17,050
4,855
0.0
+251.2%
Debt
20,828
18,914
13,632
+10.1%
Other liabilities
110,562
143,462
121,295
-22.9%
Total liabilities and equity
551,772
667,270
549,009
-17.3%
Fixed assets
3,714
3,442
2,883
+7.9%
Goodwill
11,951
11,952
11,952
-0.0%
Intangible assets
8,789
9,379
9,991
-6.3%
Securities held for sale or to maturity
320,945
390,054
337,400
-17.7%
Loans
40,505
34,636
23,813
+16.9%
Securities borrowed
705
582
873
+21.1%
Cash and equivalents
40,195
62,975
40,348
-36.2%
Other assets
124,968
154,250
121,749
-19.0%
Total assets
551,772
667,270
549,009
-17.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.