---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-23-000022"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:37:57.050139+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Schwab Q1 net income $1.6B (+14%); diluted EPS $0.83 GAAP, $0.93 adj.

## Summary
- Net income $1.6B, up 14% YoY; diluted EPS $0.83 GAAP, up 24%.
- Net revenues $5.116B, up 10% YoY.
- GAAP pre-tax margin 41.2%; adjusted 45.8%.
- Organic asset growth exceeded 7%; annualized RoTCE 83%.
- Adjusted EPS $0.93, up 21% YoY.

## SEC filing metadata
- accession: 0000316709-23-000022
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670923000022/0000316709-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670923000022/schw-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-23-000022
- JSON: https://secwatch.observer/filing/0000316709-23-000022.json
- Plain text: https://secwatch.observer/filing/0000316709-23-000022.txt

## Key facts
- Earnings Releases
  SCHWAB CHARLES CORP reported the quarter ended March 31, 2023 results: revenue $ 5,116, net income $ 1,603, EPS .83.
  - Period: the quarter ended March 31, 2023
  - Revenue: $ 5,116
  - Net income: $ 1,603
  - EPS: .83
  - Result: reported results
  source text: was $1.6 billion, up 14% from $1.4 billion for the first quarter of 2022. Three Months Ended March 31, % Financial Highlights (1) 2023 2022 Change Net revenues (in millions) $ 5,116 $ 4,672 10% Net income (in millions) GAAP $ 1,603 $ 1,402 14% Adjusted (1) $ 1,780 $ 1,591 12% Diluted earnings per common share GAAP $ .83 $ .67 24% Adjusted (1) $ .93 $ .77 21%
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000031670923000022/0000316709-23-000022-index.htm

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