Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Schwab’s two reportable segments are Investor Services and Advisor Services. Schwab structures the operating segments according to its clients and the services provided to those clients. The Investor Services segment provides retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking, and support services, as well as retirement business services, to independent RIAs, independent retirement advisors, and recordkeepers. Revenues and expenses are attributed to the two segments based on which segment services the client.

Management evaluates the performance of the segments on a pre-tax basis. Segment assets and liabilities are not used for evaluating segment performance or in deciding how to allocate resources to segments. There are no revenues from transactions between the segments.

Financial information for the segments is presented in the following table:

	Investor Services				Advisor Services				Total
Three Months Ended June 30,	2021		2020		2021		2020		2021		2020
Net Revenues
Net interest revenue	$	1,478	$	952	$	469	$	437	$	1,947	$	1,389
Asset management and administration fees	769		583		278		218		1,047		801
Trading revenue	861		138		94		55		955		193
Bank deposit account fees	249		—		88		—		337		—
Other	170		51		71		16		241		67
Total net revenues	3,527		1,724		1,000		726		4,527		2,450
Expenses Excluding Interest	2,188		1,168		620		394		2,808		1,562
Income before taxes on income	$	1,339	$	556	$	380	$	332	$	1,719	$	888

	Investor Services				Advisor Services				Total
Six Months Ended June 30,	2021		2020		2021		2020		2021		2020
Net Revenues
Net interest revenue	$	2,932	$	2,080	$	926	$	881	$	3,858	$	2,961
Asset management and administration fees	1,511		1,183		552		445		2,063		1,628
Trading revenue	1,958		257		213		124		2,171		381
Bank deposit account fees	503		—		185		—		688		—
Other	348		71		114		26		462		97
Total net revenues	7,252		3,591		1,990		1,476		9,242		5,067
Expenses Excluding Interest	4,297		2,322		1,266		810		5,563		3,132
Income before taxes on income	$	2,955	$	1,269	$	724	$	666	$	3,679	$	1,935