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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with SEC rules, the following table sets forth information with respect to how “compensation actually paid” (CAP) for our NEOs aligns with company performance. CAP is an
SEC-defined
term that does not necessarily reflect the amounts realized by the NEOs or how the Compensation Committee evaluates the link between company performance and NEO compensation. In addition, a significant portion of CAP relates to changes in fair value of unvested awards over the course of each year. Unvested awards remain subject to vesting conditions and possible future declines in value based on changes in the price of our common stock. The ultimate value realized by our NEOs from unvested equity awards will not be determined until the awards vest. For further information regarding the executive compensation program, including how the Compensation Committee evaluates
pay-for-performance,
please refer to the “Compensation Discussion and Analysis” section of this proxy statement.
 
Year
1
 
Summary
Compensation
Table Total for
CEO
2
 
Compensation
Actually Paid to
CEO
3
 
Average Summary
Compensation Table
Total for Other
NEOs
2
 
Average
Compensation
Actually Paid to
Other NEOs
3
 
Value of Initial Fixed $100
Investment Based on:
4
 
Adjusted
Diluted
Earnings
Per
Common
Share
(EPS)
6
 
Total
Shareholder
Return
 
Peer Group
Total
Shareholder
Return
 
Net Income
5

(000s)
2024
   
 
$26,388,559
   
 
$29,406,845
   
 
$8,064,444
   
 
$ 8,950,965
   
 
$167
   
 
$217
   
 
$5,942
   
 
$3.25
2023
   
 
$23,871,744
   
 
$ 4,173,708
   
 
$8,204,771
   
 
$ 1,878,242
   
 
$153
   
 
$169
   
 
$5,067
   
 
$3.13
2022
   
 
$24,386,329
   
 
$57,877,151
   
 
$8,355,171
   
 
$18,470,980
   
 
$182
   
 
$149
   
 
$7,183
   
 
$3.90
2021
   
 
$21,938,404
   
 
$41,631,785
   
 
$9,121,613
   
 
$14,041,967
   
 
$182
   
 
$166
   
 
$5,855
   
 
$3.25
2020
   
 
$15,959,193
   
 
$20,212,071
   
 
$4,645,494
   
 
$ 5,780,703
   
 
$114
   
 
$118
   
 
$3,299
   
 
$2.45
 
(1)
Walter W. Bettinger II was the CEO and Peter B. Crawford, Joseph R. Martinetto, and Charles R. Schwab were also NEOs for each year presented. Richard A. Wurster was an NEO for 2024, 2023, 2022 and 2021; Jonathan M. Craig was an NEO for 2024 and 2020; and Michael D. Verdeschi was an NEO for 2024.
 
(2)
As reported in or, with respect to the non-CEO NEOs, the average of the amounts reported in, the “Total” column of the SCT (the SCT Total) for the applicable year. See the footnotes to the SCTs for further detail regarding the amounts in this column.
 
(3)
The SCT Total or, with respect to the non-CEO NEOs, the average of the SCT Totals reported for the applicable year, adjusted as follows in accordance with Item 402(v) of Regulation S-K:
 
Year
      
SCT Total
Compensation
 
Minus
SCT Equity
Awards Total
i
 
Plus
Fair Value of
Current Year
Equity Awards
at
Year-End
ii
 
Plus

Change in Fair
Value of
Unvested Prior
Year Equity
Awards
ii, iii
 
Plus

Change in Fair
Value of Equity
Awards Vested
in Current Year
ii,
 iii
 
Plus

Dividends
Paid on
Unvested
RSUs
 
Equals

Compensation
Actually Paid
2024
   
 
CEO
   
$
26,388,559
   
$
18,250,037
   
$
19,425,742
   
$
2,794,556
   
($
951,975
)
   
 
   
$
29,406,845
   
 
Other
NEOs
   
$
 8,064,444
   
$
 5,008,378
   
$
 5,597,607
   
$
694,210
 
   
($
252,100)
 
   
$
155,182
   
$
 8,950,965
 
 
(i)
Amounts in this column reflect the totals or, with respect to the
non-CEO
NEOs, the average of the totals under the Stock Awards and Option Awards columns in the 2024 SCT. See the footnotes to the 2024 SCT for further detail regarding the amounts in this column.
 
 
(ii)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Fair value of PBRSUs with unsatisfied performance conditions as of the applicable measurement date also reflects the probable outcome of the applicable performance conditions as of that date. Fair value of unvested options is based on the fair value of the options as of the applicable measurement date as determined using an options pricing model. If a vesting event is on a weekend or holiday, the next preceding day’s prices are used for valuation purposes. Dividend equivalents accumulating on unvested PBRSUs are included in the
year-end
fair value for the year in which the dividends are accrued.
 
 
(iii)
Changes in fair value are measured by comparing fair value as of the end of the applicable year or at vesting, as applicable, to the fair value as of the end of the prior year.
 
(4)
Cumulative total shareholder return (TSR) of the company and the Dow Jones U.S. Investment Services Index, which is the same industry index included in Part II, Item 5, “Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities,” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, assuming an initial investment of $100 in the company’s common stock on December 31, 2019 and reinvestment of dividends.
 
(5)
Net Income as reported in Part II, Item 8, “Financial Statements and Supplementary Data—Consolidated Statements of Income” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
 
(6)
Adjusted Diluted EPS as reported on page 28 of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. For a reconciliation of diluted EPS in accordance with GAAP to the non-GAAP financial measure Adjusted Diluted EPS, please see Appendix A beginning on page A-1.
       
Company Selected Measure Name Adjusted Diluted EPS        
Named Executive Officers, Footnote Walter W. Bettinger II was the CEO and Peter B. Crawford, Joseph R. Martinetto, and Charles R. Schwab were also NEOs for each year presented. Richard A. Wurster was an NEO for 2024, 2023, 2022 and 2021; Jonathan M. Craig was an NEO for 2024 and 2020; and Michael D. Verdeschi was an NEO for 2024.        
Peer Group Issuers, Footnote the Dow Jones U.S. Investment Services Index, which is the same industry index included in Part II, Item 5, “Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities,” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, assuming an initial investment of $100 in the company’s common stock on December 31, 2019 and reinvestment of dividends.        
PEO Total Compensation Amount $ 26,388,559 $ 23,871,744 $ 24,386,329 $ 21,938,404 $ 15,959,193
PEO Actually Paid Compensation Amount $ 29,406,845 4,173,708 57,877,151 41,631,785 20,212,071
Adjustment To PEO Compensation, Footnote
(3)
The SCT Total or, with respect to the non-CEO NEOs, the average of the SCT Totals reported for the applicable year, adjusted as follows in accordance with Item 402(v) of Regulation S-K:
 
Year
      
SCT Total
Compensation
 
Minus
SCT Equity
Awards Total
i
 
Plus
Fair Value of
Current Year
Equity Awards
at
Year-End
ii
 
Plus

Change in Fair
Value of
Unvested Prior
Year Equity
Awards
ii, iii
 
Plus

Change in Fair
Value of Equity
Awards Vested
in Current Year
ii,
 iii
 
Plus

Dividends
Paid on
Unvested
RSUs
 
Equals

Compensation
Actually Paid
2024
   
 
CEO
   
$
26,388,559
   
$
18,250,037
   
$
19,425,742
   
$
2,794,556
   
($
951,975
)
   
 
   
$
29,406,845
   
 
Other
NEOs
   
$
 8,064,444
   
$
 5,008,378
   
$
 5,597,607
   
$
694,210
 
   
($
252,100)
 
   
$
155,182
   
$
 8,950,965
 
 
(i)
Amounts in this column reflect the totals or, with respect to the
non-CEO
NEOs, the average of the totals under the Stock Awards and Option Awards columns in the 2024 SCT. See the footnotes to the 2024 SCT for further detail regarding the amounts in this column.
 
 
(ii)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Fair value of PBRSUs with unsatisfied performance conditions as of the applicable measurement date also reflects the probable outcome of the applicable performance conditions as of that date. Fair value of unvested options is based on the fair value of the options as of the applicable measurement date as determined using an options pricing model. If a vesting event is on a weekend or holiday, the next preceding day’s prices are used for valuation purposes. Dividend equivalents accumulating on unvested PBRSUs are included in the
year-end
fair value for the year in which the dividends are accrued.
 
 
(iii)
Changes in fair value are measured by comparing fair value as of the end of the applicable year or at vesting, as applicable, to the fair value as of the end of the prior year.
       
Non-PEO NEO Average Total Compensation Amount $ 8,064,444 8,204,771 8,355,171 9,121,613 4,645,494
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,950,965 1,878,242 18,470,980 14,041,967 5,780,703
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The SCT Total or, with respect to the non-CEO NEOs, the average of the SCT Totals reported for the applicable year, adjusted as follows in accordance with Item 402(v) of Regulation S-K:
 
Year
      
SCT Total
Compensation
 
Minus
SCT Equity
Awards Total
i
 
Plus
Fair Value of
Current Year
Equity Awards
at
Year-End
ii
 
Plus

Change in Fair
Value of
Unvested Prior
Year Equity
Awards
ii, iii
 
Plus

Change in Fair
Value of Equity
Awards Vested
in Current Year
ii,
 iii
 
Plus

Dividends
Paid on
Unvested
RSUs
 
Equals

Compensation
Actually Paid
2024
   
 
CEO
   
$
26,388,559
   
$
18,250,037
   
$
19,425,742
   
$
2,794,556
   
($
951,975
)
   
 
   
$
29,406,845
   
 
Other
NEOs
   
$
 8,064,444
   
$
 5,008,378
   
$
 5,597,607
   
$
694,210
 
   
($
252,100)
 
   
$
155,182
   
$
 8,950,965
 
 
(i)
Amounts in this column reflect the totals or, with respect to the
non-CEO
NEOs, the average of the totals under the Stock Awards and Option Awards columns in the 2024 SCT. See the footnotes to the 2024 SCT for further detail regarding the amounts in this column.
 
 
(ii)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Fair value of PBRSUs with unsatisfied performance conditions as of the applicable measurement date also reflects the probable outcome of the applicable performance conditions as of that date. Fair value of unvested options is based on the fair value of the options as of the applicable measurement date as determined using an options pricing model. If a vesting event is on a weekend or holiday, the next preceding day’s prices are used for valuation purposes. Dividend equivalents accumulating on unvested PBRSUs are included in the
year-end
fair value for the year in which the dividends are accrued.
 
 
(iii)
Changes in fair value are measured by comparing fair value as of the end of the applicable year or at vesting, as applicable, to the fair value as of the end of the prior year.
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
Measures Schwab Considers Important in Evaluating Executive
Pay for Performance
Adjusted Diluted EPS
Return on Tangible Common Equity (ROTCE) / Cost of Equity (COE)
Stock Price
       
Total Shareholder Return Amount $ 167 153 182 182 114
Peer Group Total Shareholder Return Amount 217 169 149 166 118
Net Income (Loss) $ 5,942,000 $ 5,067,000 $ 7,183,000 $ 5,855,000 $ 3,299,000
Company Selected Measure Amount 3.25 3.13 3.9 3.25 2.45
PEO Name Walter W. Bettinger II        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Diluted EPS        
Non-GAAP Measure Description Adjusted Diluted EPS as reported on page 28 of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. For a reconciliation of diluted EPS in accordance with GAAP to the non-GAAP financial measure Adjusted Diluted EPS, please see Appendix A beginning on page A-1.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Return on Tangible Common Equity (ROTCE) / Cost of Equity (COE)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Stock Price        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 19,425,742        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,794,556        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (951,975)        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (18,250,037)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,597,607        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 694,210        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (252,100)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 155,182        
Non-PEO NEO | Equity Awards Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (5,008,378)