The Charles Schwab Corporation (SCHW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 0 | -763M | 538M | 3.18B | 6.36B | -10.83B | 19.1B | -4.25B | -1.35B | 20.04B | -5.01B | -5.22B | 9.78B | -2.11B | 9.05B | -7.94B | 3.05B | 5.64B | 1.81B | -594M |
| Operating CF Margin % | - | -10.64% | 7.64% | 46.61% | 95.62% | -162.79% | 291.44% | -66.97% | -20.92% | 318.35% | -78.35% | -80.61% | 153.68% | -33.41% | 152.68% | -150.98% | 63.5% | 116.65% | 38.67% | -12.78% |
| Operating CF Growth % | -100% | 92.95% | -97.18% | 174.72% | 571.39% | -154.04% | 481.12% | 18.48% | -113.8% | 1050.97% | -155.35% | 34.33% | 220.24% | -137.36% | 398.84% | -1237.21% | 164.38% | -57.46% | 2368.75% | 96.39% |
| Net Income | 0 | 2.46B | 2.36B | 2.13B | 1.91B | 1.84B | 1.41B | 1.33B | 1.36B | 1.04B | 1.13B | 1.29B | 1.6B | 1.97B | 2.02B | 1.79B | 1.4B | 1.58B | 1.53B | 1.26B |
| Depreciation & Amortization | 0 | 333M | 339M | 343M | 347M | 354M | 361M | 362M | 358M | 368M | 333M | 325M | 312M | 312M | 319M | 313M | 304M | 299M | 293M | 289M |
| Stock-Based Compensation | 0 | 58M | 61M | 72M | 126M | 70M | 65M | 71M | 131M | 60M | 66M | 60M | 134M | 85M | 75M | 62M | 144M | 47M | 48M | 59M |
| Deferred Taxes | 0 | -36M | 437M | -5M | -35M | -28M | -54M | -60M | -49M | -483M | 1M | 1M | 3M | 39M | -20M | -18M | -19M | 114M | -25M | -20M |
| Other Non-Cash Items | 0 | 375M | 379M | 348M | 322M | 370M | 334M | 333M | 321M | 527M | 335M | 353M | 317M | 363M | 447M | 471M | 584M | 688M | 658M | 656M |
| Working Capital Changes | 0 | -3.95B | -3.04B | 293M | 3.69B | -13.43B | 16.98B | -6.29B | -3.47B | 18.52B | -6.87B | -7.25B | 7.41B | -4.87B | 6.21B | -10.56B | 638M | 2.91B | -685M | -2.84B |
| Change in Receivables | 0 | -13.34B | -11.49B | 274M | 422M | -10.51B | -1.4B | -808M | -3.3B | 367M | -3.91B | -1.99B | 3.4B | 7.26B | 2.26B | 7.93B | 6.49B | -4.03B | -4.31B | -7.54B |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 944M | 6.04B | 8.78B | -980M | 12.39B | 9.2B | -4.04B | -782M | 11.97B | -11.98B | -2.76B | -9.88B | -12.57B | -4.87B | -10.43B | -364M | 12.62B | 8.04B | 3.67B |
| Cash from Investing | 0 | -1.15B | 6.14B | 9.08B | 10.47B | 7.73B | 8.52B | 9.71B | 9.47B | 9.68B | 18.53B | 18.17B | 11.03B | 11.54B | 21.76B | 2.39B | -3.64B | -21.69B | -22.95B | -17.86B |
| Capital Expenditures | 0 | -158M | -145M | -128M | -117M | -254M | -128M | -89M | -149M | -63M | -239M | -239M | -159M | -202M | -232M | -241M | -296M | -313M | -178M | -239M |
| CapEx % of Revenue | - | 2.2% | 2.06% | 1.88% | 1.76% | 3.82% | 1.95% | 1.4% | 2.31% | 1% | 3.74% | 3.69% | 2.5% | 3.2% | 3.91% | 4.58% | 6.16% | 6.48% | 3.79% | 5.14% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2M | 258.21B | 250.21B | 252.32B | 259.66B | 272.85B | 274.68B | 279.12B | 289.84B | 305.56B | 305.99B | 332.23B | 351.28B | 359.99B | 373.27B | 405B | 414.57B | 427.82B | 408.55B | 388.53B |
| Other Investing | 0 | -4.52B | -2.98B | -3.25B | -1.79B | -1.72B | -1.24B | -1.49B | -360M | 31M | 292M | -371M | -788M | -551M | -859M | -2.37B | -2.55B | -3.1B | -2.78B | -3.52B |
| Cash from Financing | 0 | 16.71B | -7.38B | -18.66B | -20.36B | 1.6B | -7.73B | -16.01B | -24.93B | -153M | -27.72B | -23.27B | -10.1B | -15.96B | -49.39B | -27.98B | 24.61B | 49.29B | 26.51B | -254M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -2.75B | -2.75B | -333M | -1.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.31B | -2.94B | -1.46B | 0 | 740M | 0 | 0 | -600M |
| Dividends Paid | 0 | -564M | -562M | -608M | -595M | -575M | -563M | -575M | -562M | -573M | -561M | -574M | -568M | -551M | -539M | -511M | -509M | -453M | -469M | -455M |
| Share Repurchases | 0 | -2.77B | -2.75B | -333M | -1.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.84B | -1.94B | -1.46B | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 16.69B | 6.03B | -15.5B | -13.01B | 12.68B | -5.95B | -17.02B | -20.56B | 5.54B | -20B | -21.33B | -41.03B | -29.01B | -46.29B | -23.82B | 22.04B | 48.5B | 26.64B | -1.24B |
| Net Change in Cash | 0 | 14.8B | -704M | -6.41B | -3.53B | -1.49B | 19.89B | -10.56B | -16.8B | 29.57B | -14.2B | -10.32B | 10.71B | -6.53B | -18.58B | -33.53B | 24.02B | 33.24B | 5.37B | -18.71B |
| Free Cash Flow | 0 | -921M | 393M | 3.05B | 6.24B | -11.08B | 18.97B | -4.34B | -1.5B | 19.97B | -5.25B | -5.46B | 9.62B | -2.31B | 8.82B | -8.18B | 2.76B | 5.33B | 1.64B | -833M |
| FCF Margin % | - | -12.85% | 5.58% | 44.73% | 93.86% | -166.61% | 289.49% | -68.37% | -23.23% | 317.35% | -82.08% | -84.3% | 151.18% | -36.61% | 148.77% | -155.56% | 57.34% | 110.18% | 34.88% | -17.92% |
| FCF Growth % | -100% | 91.69% | -97.93% | 170.24% | 516.69% | -155.48% | 461.33% | 20.42% | -115.58% | 965.05% | -159.51% | 33.35% | 248.86% | -143.35% | 438.91% | -882.47% | 155.95% | -59.32% | 879.52% | 94.99% |
| FCF per Share | - | -0.52 | 0.22 | 1.67 | 3.43 | -6.04 | 10.34 | -2.37 | -0.82 | 10.93 | -2.87 | -2.99 | 5.22 | -1.23 | 4.66 | -4.30 | 1.45 | 2.80 | 0.86 | -0.44 |
| FCF Conversion (FCF/Net Income) | - | -0.31x | 0.23x | 1.49x | 3.33x | -5.88x | 13.56x | -3.19x | -0.99x | 19.17x | -4.45x | -4.03x | 6.10x | -1.07x | 4.48x | -4.43x | 2.18x | 3.57x | 1.19x | -0.47x |
| Interest Paid | 0 | 985M | 1.07B | 1.3B | 1.19B | 1.44B | 1.65B | 1.61B | 1.96B | 1.77B | 1.72B | 1.21B | 923M | 633M | 436M | 133M | 153M | 121M | 151M | 106M |
| Taxes Paid | 0 | 620M | 137M | 777M | 41M | -1.31B | 246M | 1.03B | 41M | 377M | 367M | 836M | 40M | 694M | 599M | 787M | 50M | 438M | 403M | 1.18B |