---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-23-000004"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:17:30.121848+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Schwab reports record full-year EPS of $3.50 ($3.90 adjusted); revenue up 12% to $20.8B

## Summary
- Full-year net income rose 23% to a record $7.2B; GAAP diluted EPS $3.50, adjusted $3.90.
- Q4 net income $2.0B, up 25% YoY; diluted EPS $0.97 ($1.07 adjusted), beating prior year.
- Gathered $428B in core net new assets in 2022; added over 4 million new brokerage accounts.
- Net revenues for Q4 $5.5B (+17% YoY); full-year $20.8B, driven by higher asset management fees.
- Pre-tax profit margin improved to 45.2% GAAP (50.0% adjusted) for the full year.

## SEC filing metadata
- accession: 0000316709-23-000004
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/0000316709-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/schw-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-23-000004
- JSON: https://secwatch.observer/filing/0000316709-23-000004.json
- Plain text: https://secwatch.observer/filing/0000316709-23-000004.txt

## Key facts
- Earnings Releases
  SCHWAB CHARLES CORP reported the quarter ended December 31, 2022 results: net income $1,968, EPS $.97.
  - Period: the quarter ended December 31, 2022
  - Net income: $1,968
  - EPS: $.97
  - Result: reported results
  source text: On January 18, 2023, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/0000316709-23-000004-index.htm
- Earnings Releases
  SCHWAB CHARLES CORP reported the twelve months ended December 31, 2022 results: revenue $ 20,762, net income $ 7,183, EPS $ 3.50.
  - Period: the twelve months ended December 31, 2022
  - Revenue: $ 20,762
  - Net income: $ 7,183
  - EPS: $ 3.50
  - Result: reported results
  source text: Three Months Ended December 31, % Twelve Months Ended December 31, % Financial Highlights (1) 2022 2021 Change 2022 2021 Change Net revenues (in millions) $ 5,497 $ 4,708 17% $ 20,762 $ 18,520 12% Net income (in millions) GAAP $ 1,968 $ 1,580 25% $ 7,183 $ 5,855 23% Adjusted (1) $ 2,151 $ 1,775 21% $ 7,934 $ 6,670 19% Diluted earnings per common share (2) GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/0000316709-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.