The Charles Schwab Corporation

NYSE-SCHW

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Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	8,233	7,283	6,489	5,942	5,147	4,864
Net Income
Depreciation & Amortization	1,383	1,405	1,424	1,435	1,449	1,421
Depreciation and Amortization
Amortization of Acquired Intangible Assets
Stock Based Compensation	329	333	332	337	327	328
Share-Based Compensation
Other Adjustments	1,788	1,252	1,182	1,167	869	925
Provision for Loan Losses
Provision for Deferred Income Taxes
Premium Amortization, Net, on Available for Sale and Held to Maturity Securities
Other
Changes in Restricted Cash and Segregated Assets	-21,943	-22,221	-11,452	-14,090	5,402	13,655
Cash and Investments Segregated and on Deposit for Regulatory Purposes
Investments Segregated and on Deposit for Regulatory Purposes
Changes in Trading Assets	—	—	—	—	—	—
Other Securities Owned
Changes in Trade Receivables	-21,183	-11,086	-12,168	-15,892	-5,590	-8,330.5
Receivables from Brokers, Dealers, and Clearing Organizations
Receivables from Brokerage Clients
Changes in Accounts Payable	32,216	42,122	25,615	23,461	27,930	-2,915
Payables to Brokers, Dealers, and Clearing Organizations
Payables to Brokerage Clients
Changes in Accrued Expenses	-342	-95	-361	218	-517	1,085
Accrued Expenses and Other Liabilities
Changes in Other Operating Activities	-1,234	-1,186	-683	92	-1,483	-929
Other Assets
Cash from Operating Activities	-753	17,807	10,378	2,670	33,534	9,425
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-919	-902	-863	-895	-1,598	-1,709
Purchases of Equipment, Office Facilities, and Property
Purchases of Investments	-3,482	-3,615	-3,530	-2,986	-2,962	-2,745
Purchases of Available for Sale Securities
Purchases of Held to Maturity Securities
Proceeds from Sale of Investments	47,966	48,465	47,160	43,842	43,825	52,203
Proceeds from Sales of Available for Sale Securities
Principal Payments on Available for Sale Securities
Principal Payments on Held to Maturity Securities
Payments for Business Acquisitions	—	—	—	—	—	—
Cash Acquired in Acquisitions, Net of Cash Paid
Other Investing Activities	-9,410	-7,727	-5,964	-4,530	-1,886	-353
Net Change in Bank Loans
Purchases of Federal Home Loan Bank Stock
Purchases of FHLB Stock
Proceeds from Sales of FHLB Stock
Purchases of Federal Reserve Stock
Proceeds from Sales of Federal Reserve Stock
Other Investing Activities
Cash from Investing Activities	33,423	35,796	36,426	35,431	37,379	47,396
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	46,777	55,310	54,466	50,018	30,211	41,953
Proceeds from Commercial Paper and Secured Lines of Credit
Proceeds from FHLB Borrowings
Net Change in Short-Term Borrowings
Repayments of Short-Term Debt	-81,919	-72,254	-68,448	-60,272	-54,594	-56,389
Repayment of Commercial Paper and Secured Lines of Credit
Net Change in Other Short-Term Borrowings
Repayments of FHLB Borrowings
Repayments of Other Short-Term Borrowings
Net Issuance / (Repayments) of Short-Term Debt	-35,142	-16,944	-13,982	-10,254	-24,383	-14,436
Issuance of Long-Term Debt	—	—	—	—	—	—
Issuances of Long-Term Debt
Repayments of Long-Term Debt	-2,249	-2,249	-1,403	-3,682	-3,684	-3,686
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-2,249	-2,249	-1,403	-3,682	-3,684	-3,686
Issuance of Common Shares	172	150	101	84	69	68
Proceeds from Stock Options Exercised
Repurchases of Common Shares	—	—	—	—	—	—
Repurchases of Common Stock and Nonvoting Common Stock
Net Issuance / (Repurchases) of Common Shares	172	150	101	84	69	68
Issuance of Preferred Shares	—	—	—	—	—	—
Issuance of Preferred Stock, Net
Repurchases of Preferred Shares	—	—	—	—	—	—
Redemption of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Common Share Dividends Paid	-2,340	-2,341	-2,308	-2,275	-2,273	-2,271
Dividends Paid
Other Financing Activities	-7,513	-19,474	-23,404	-30,933	-38,059	-52,107
Net Change in Bank Deposits
Other Financing Activities
Cash from Financing Activities	-44,808	-45,149	-42,496	-47,060	-48,817	-68,813
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	-1,672	16,905	9,515	1,775	31,936	7,716
NOPAT	4,021.6	3,118.4	2,302.9	1,837	1,035.5	532.3
Levered Free Cash Flow	-20,463	6,719	4,318	1,763	7,803	-3,109
Unlevered Free Cash Flow	13,182.6	22,241.4	15,982.9	12,058	32,218.5	11,140.3
Net Change in Cash	-12,138	8,454	4,308	-8,959	22,096	-11,992