Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the 2021–2024 period Schwab’s balance sheet shows a marked contraction in scale: total assets fell from $667.3B in 2021 to $479.8B in 2024 (≈‑28%), with most of the decline occurring between 2021 and 2022. Total liabilities declined in step from $611.0B to $431.5B (≈‑29%), so the company shrank its balance-sheet exposure rather than becoming more highly leveraged. The 2025 row is zeroed out in your data and appears to be missing or not reported, so no comment can be made for that year. Stockholders’ equity displayed a sharper short-term swing: equity plunged from $56.3B in 2021 to $36.6B in 2022 (≈‑35%), then gradually recovered to $48.4B by 2024. As a result, the equity-to-assets ratio fell to about 6.6% in 2022 but rebounded to roughly 10.1% in 2024, reflecting a stronger capital buffer by 2024 as liabilities contracted slightly faster than assets. In industry context, this pattern is consistent with post‑2021 market and interest‑rate headwinds (client asset value movements and deposit/flow volatility) followed by operating or capital improvements that restored capital levels; the large 2022 equity drop is the most noteworthy fluctuation and warrants review of that year’s earnings, capital actions, or one‑time charges.
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.