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| 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, SCHWAB CHARLES CORP shows marked revenue and net income growth from 2020 to 2022, followed by a noticeable pullback in 2023 and modest recovery in 2024. In 2020, the company generated approximately $11.7 billion in revenue, which surged to about $18.5 billion in 2021—a jump of nearly 58%—and climbed further to roughly $20.8 billion in 2022. Net income followed a comparable trend, rising from $3.3 billion in 2020 to $5.9 billion in 2021 (an increase of around 77%) and then to $7.2 billion in 2022. The significant year-over-year increases during this early period suggest robust growth possibly driven by record trading volumes, increased client activity, and operational efficiencies in a recovering market environment. However, 2023 saw a revenue decline to around $18.8 billion and net income falling to approximately $5.1 billion, reflecting more than a 20% drop in net income from the previous year. This performance dip might be attributed to market volatility or adjustments in operational strategy amid evolving market conditions. By 2024, revenue rebounded moderately to about $19.6 billion, with net income recovering to roughly $5.9 billion, indicating efforts to stabilize performance. Given that gross profit and operating income are not reported, net income and revenue remain the key indicators. Overall, based on these metrics, SCHWAB CHARLES CORP demonstrates resilience and a capacity to rebound after periods of downturn, supporting a cautiously positive view on the company’s financial health and sustainability in a 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.