Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11,691 | $18,520 | $20,762 | $18,837 | $19,606 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $3,299 | $5,855 | $7,183 | $5,067 | $5,942 |
Over the five-year period from 2020 to 2024, SCHWAB CHARLES CORP’s revenue and net income experienced noticeable fluctuations. Revenue surged from US$11,691 million in 2020 to US$18,520 million in 2021—a sharp 58% increase that may reflect a strong recovery phase or a benefit from an expanding customer base amid evolving market needs. This growth continued at a slower pace in 2022 with revenue reaching US$20,762 million (an approximate 12% increase year-over-year). However, 2023 saw a reversal with revenue declining around 9% to US$18,837 million, before modestly recovering to US$19,606 million in 2024. It is important to note that the gross profit and operating income figures remain consistently reported as zero each year; this suggests that the data presented may be limited to specific aspects of the income statement or that these details are consolidated under different reporting metrics in the company’s filings. Net income trends largely mirror the revenue pattern, albeit with more pronounced swings. Net income grew from US$3,299 million in 2020 to US$5,855 million in 2021—an increase nearing 78%. This upward trend continued into 2022, reaching US$7,183 million (about a 23% increase), before dropping significantly by nearly 29% to US$5,067 million in 2023. The recovery in 2024, where net income rebounded to US$5,942 million (a roughly 17% improvement), indicates possible operational adjustments or market conditions influencing profitability. Overall, despite the volatility, SCHWAB CHARLES CORP appears to sustain a solid financial footing, with recovery trends in both revenue and net income bolstering its standing in the competitive financial services industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.