Segment Information

3 Months Ended

Mar. 31, 2022

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, investment advisory, and banking and trust 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 trust, 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 March 31,	2022		2021		2022		2021		2022		2021
Net Revenues
Net interest revenue	$	1,574	$	1,454	$	609	$	457	$	2,183	$	1,911
Asset management and administration fees	781		742		287		274		1,068		1,016
Trading revenue	844		1,097		119		119		963		1,216
Bank deposit account fees	200		254		94		97		294		351
Other	127		178		37		43		164		221
Total net revenues	3,526		3,725		1,146		990		4,672		4,715
Expenses Excluding Interest	2,131		2,109		702		646		2,833		2,755
Income before taxes on income	$	1,395	$	1,616	$	444	$	344	$	1,839	$	1,960