Segment Information

9 Months Ended

Sep. 30, 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 September 30,	2022		2021		2022		2021		2022		2021
Net Revenues
Net interest revenue	$	2,143	$	1,530	$	783	$	500	$	2,926	$	2,030
Asset management and administration fees	755		805		292		296		1,047		1,101
Trading revenue	800		873		130		91		930		964
Bank deposit account fees	263		239		150		84		413		323
Other	151		114		33		38		184		152
Total net revenues	4,112		3,561		1,388		1,009		5,500		4,570
Expenses Excluding Interest	2,117		1,956		706		603		2,823		2,559
Income before taxes on income	$	1,995	$	1,605	$	682	$	406	$	2,677	$	2,011

	Investor Services				Advisor Services				Total
Nine Months Ended September 30,	2022		2021		2022		2021		2022		2021
Net Revenues
Net interest revenue	$	5,551	$	4,462	$	2,102	$	1,426	$	7,653	$	5,888
Asset management and administration fees	2,299		2,316		868		848		3,167		3,164
Trading revenue	2,407		2,831		371		304		2,778		3,135
Bank deposit account fees	690		742		369		269		1,059		1,011
Other	465		462		143		152		608		614
Total net revenues	11,412		10,813		3,853		2,999		15,265		13,812
Expenses Excluding Interest	6,359		6,253		2,116		1,869		8,475		8,122
Income before taxes on income	$	5,053	$	4,560	$	1,737	$	1,130	$	6,790	$	5,690