Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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

Year Ended December 31,	2023		2022		2021
Net interest revenue
Cash and cash equivalents	$	1,894	$	812	$	40
Cash and investments segregated	1,355		691		24
Receivables from brokerage clients	4,793		3,321		2,455
Available for sale securities	2,987		4,139		4,641
Held to maturity securities	2,872		1,688		—
Bank loans	1,664		1,083		620
Securities lending revenue	419		471		720
Other interest revenue	127		22		6
Interest revenue	16,111		12,227		8,506
Bank deposits	(3,363)		(723)		(54)
Payables to brokerage clients	(271)		(123)		(9)
Other short-term borrowings (1)	(375)		(48)		(9)
Federal Home Loan Bank borrowings (1)	(1,810)		(106)		—
Long-term debt	(715)		(498)		(384)
Securities lending expense	(147)		(48)		(24)
Other interest expense	(3)		1		4
Interest expense	(6,684)		(1,545)		(476)
Net interest revenue	9,427		10,682		8,030
Asset management and administration fees
Mutual funds, ETFs, and CTFs	2,563		2,055		1,961
Advice solutions	1,868		1,854		1,993
Other	325		307		320
Asset management and administration fees	4,756		4,216		4,274
Trading revenue
Commissions	1,601		1,787		2,050
Order flow revenue	1,404		1,738		2,053
Principal transactions	225		148		49
Trading revenue	3,230		3,673		4,152
Bank deposit account fees	705		1,409		1,315
Other	719		782		749
Total net revenues	$	18,837	$	20,762	$	18,520

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