---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-24-000011"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:47:46.861279+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Schwab Q4 net income falls 47% to $1.0B; revenue down 19% to $4.46B

## Summary
- GAAP net income of $1.045B ($0.51 diluted EPS) vs $1.968B ($0.97) a year ago; adjusted EPS $0.68.
- Full-year 2023 net income $5.067B, down 29% from $7.183B; adjusted net income $6.159B.
- Net revenues Q4 $4.459B, down 19% YoY; full-year revenues $18.837B, down 9%.
- Core net new assets in Q4 exceeded $40B (6% annualized growth); total client assets record $8.5T, up 21%.
- Pre-tax profit margin fell to 26.8% (GAAP) from 47.3% in Q4 2022.

## SEC filing metadata
- accession: 0000316709-24-000011
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670924000011/0000316709-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670924000011/schw-20240117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-24-000011
- JSON: https://secwatch.observer/filing/0000316709-24-000011.json
- Plain text: https://secwatch.observer/filing/0000316709-24-000011.txt

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