Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Schwab’s revenue by major source is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net interest revenue
Cash and cash equivalents	$	459	$	294	$	1,419	$	461
Cash and investments segregated	285		214		1,041		308
Receivables from brokerage clients	1,282		912		3,533		2,244
Available for sale securities	724		1,161		2,340		3,196
Held to maturity securities	706		345		2,172		1,062
Bank loans	426		300		1,227		717
Securities lending revenue	105		124		341		383
Other interest revenue	41		7		75		15
Interest revenue	4,028		3,357		12,148		8,386
Bank deposits	(911)		(241)		(2,392)		(285)
Payables to brokerage clients	(66)		(41)		(205)		(47)
Other short-term borrowings (1)	(97)		(4)		(280)		(12)
Federal Home Loan Bank borrowings (1)	(477)		—		(1,387)		—
Long-term debt	(193)		(131)		(489)		(363)
Securities lending expense	(46)		(13)		(96)		(28)
Other interest expense	(1)		(1)		(2)		2
Interest expense	(1,791)		(431)		(4,851)		(733)
Net interest revenue	2,237		2,926		7,297		7,653
Asset management and administration fees
Mutual funds, ETFs, and CTFs	666		520		1,881		1,524
Advice solutions	476		452		1,393		1,409
Other	82		75		241		234
Asset management and administration fees	1,224		1,047		3,515		3,167
Trading revenue
Commissions	394		435		1,210		1,362
Order flow revenue	325		432		1,104		1,332
Principal transactions	49		63		149		84
Trading revenue	768		930		2,463		2,778
Bank deposit account fees	205		413		531		1,059
Other	172		184		572		608

Total net revenues	$	4,606	$	5,500	$	14,378	$	15,265

Note: For a summary of revenue provided by our reportable segments, see Note 18. The recognition of revenue is not impacted by the operating segment in which revenue is generated.

(1) Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.