Schwab Reports Monthly Activity Highlights
WESTLAKE, Texas--( BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2025 include:
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 38.3 million active brokerage accounts, 5.7 million workplace plan participant accounts, 2.2 million banking accounts, and $11.83 trillion in client assets as of November 30, 2025. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services™. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
2024
2025
44,911
42,544
44,545
43,841
42,002
40,669
42,270
44,095
44,131
45,545
46,398
47,563
47,716
-
6
%
19,218
19,311
19,627
18,847
17,299
17,446
19,114
20,370
21,122
21,456
22,660
23,725
23,366
(2
%)
22
%
6,032
5,882
6,041
5,955
5,612
5,569
5,912
6,205
6,339
6,460
6,688
6,840
6,849
-
14
%
9,852.0
10,305.4
10,101.3
10,333.1
10,280.2
9,929.7
9,892.2
10,349.0
10,757.3
10,963.5
11,228.1
11,593.9
11,828.0
25.5
60.2
30.5
46.6
55.3
1.1
33.6
38.9
45.7
43.3
45.4
41.6
38.7
(7
%)
52
%
427.9
(264.3
)
201.3
(99.5
)
(405.8
)
(38.6
)
423.2
369.4
160.5
221.3
320.4
192.5
(32.4
)
10,305.4
10,101.3
10,333.1
10,280.2
9,929.7
9,892.2
10,349.0
10,757.3
10,963.5
11,228.1
11,593.9
11,828.0
11,834.3
-
15
%
28.8
61.4
30.6
48.0
59.1
2.7
35.0
42.6
46.9
44.4
46.2
44.4
40.4
(9
%)
40
%
688.9
682.0
698.7
703.5
688.8
688.2
711.2
737.6
747.9
771.1
792.5
807.6
817.9
1
%
19
%
4,489.2
4,379.7
4,496.6
4,493.2
4,372.3
4,353.0
4,525.6
4,687.4
4,765.1
4,888.2
5,016.7
5,106.1
5,155.9
1
%
15
%
36,222
36,456
36,709
36,861
37,011
37,254
37,375
37,476
37,658
37,798
37,963
38,145
38,266
-
6
%
1,980
1,998
2,019
2,033
2,050
2,066
2,077
2,096
2,116
2,137
2,150
2,172
2,189
1
%
11
%
5,393
5,399
5,450
5,464
5,495
5,518
5,563
5,586
5,619
5,606
5,619
5,696
5,730
1
%
6
%
357
431
433
362
388
439
336
323
377
382
384
429
365
(15
%)
2
%
9.5
%
10.1
%
9.8
%
10.0
%
10.6
%
10.5
%
10.1
%
9.9
%
9.7
%
9.5
%
9.4
%
9.3
%
9.4
%
19.7
%
18.6
%
19.3
%
19.9
%
19.5
%
18.4
%
21.0
%
20.8
%
21.3
%
22.5
%
22.3
%
23.8
%
21.7
%
425,789
431,177
431,523
424,805
425,228
430,884
419,638
417,768
418,640
417,194
423,629
433,631
436,347
1
%
2
%
76,932
81,507
82,551
84,233
82,725
77,478
79,132
82,339
85,492
90,399
94,609
101,192
108,863
8
%
42
%
84,385
85,384
84,790
83,089
84,302
84,060
81,495
81,014
80,755
79,781
79,308
76,203
73,803
(3
%)
(13
%)
13,226
14,805
10,050
4,987
(1,221
)
7,950
10,473
8,987
10,936
8,402
8,832
6,895
4,883
(329
)
124
(1,324
)
(464
)
(603
)
(1,663
)
(287
)
(1,038
)
(463
)
(604
)
(452
)
(1,278
)
(600
)
7,473
10,969
8,747
12,162
11,438
(1,490
)
8,483
6,050
11,920
12,993
12,502
16,206
13,371
(4,492
)
(4,331
)
(6,785
)
(3,971
)
(8,537
)
(13,955
)
(3,224
)
(5,351
)
(3,442
)
(2,217
)
(4,754
)
(6,289
)
(7,255
)
24,862
30,229
24,258
20,656
18,151
18,752
21,893
19,350
25,835
23,008
25,636
28,112
24,909
9,172
8,956
11,584
12,306
14,586
(6,158
)
5,794
5,814
2,452
4,319
(517
)
6,333
7,969
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)
Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. 2024 also includes outflows from a large international relationship of $0.6 billion in November.
(2)
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion beginning in 2025; $10 billion in prior periods) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods.
(3)
Includes accounts in Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services; Participants may be enrolled in services in more than one Workplace business.
(4)
Schwab One ®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank.
(5)
Represents average total interest-earning assets on the Company's balance sheet.
(6)
Represents average clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.
(7)
Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers. Excludes money market fund transactions.
(8)
Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.