SCHW Charles Schwab Corporation

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2025 include:

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• Core net new assets brought to the company by new and existing clients increased 13% versus May 2024 to reach $35.0 billion – a record for the month of May.
• Total client assets equaled $10.35 trillion as of month-end May, up 12% from May 2024 and up 5% compared to April 2025.
• New brokerage accounts opened during the month totaled 336,000 up 7% versus May 2024.
• Investor engagement remained strong, with May trading volumes exceeding 7 million daily average trades for the 5th consecutive month.
• Transactional sweep cash declined by $5.2 billion to end May at $398.1 billion. Inclusive of clients’ engagement with markets and April tax seasonality, quarter-to-date transactional sweep cash is down less than 3% from March 2025 levels, helping us further reduce high-cost funding at the banks to approximately $32 billion as of May month-end.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.4 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.1 million banking accounts, and $10.35 trillion in client assets as of May 31, 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.

The Charles Schwab Corporation Monthly Activity Report For May 2025  

2024

2025

Change May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Mo. Yr. Market Indices (at month end) Dow Jones Industrial Average®

38,686

 

39,119

 

40,843

 

41,563

 

42,330

 

41,763

 

44,911

 

42,544

 

44,545

 

43,841

 

42,002

 

40,669

 

42,270

 

4

%

9

%

Nasdaq Composite®

16,735

 

17,733

 

17,599

 

17,714

 

18,189

 

18,095

 

19,218

 

19,311

 

19,627

 

18,847

 

17,299

 

17,446

 

19,114

 

10

%

14

%

Standard & Poor’s® 500

5,278

 

5,460

 

5,522

 

5,648

 

5,762

 

5,705

 

6,032

 

5,882

 

6,041

 

5,955

 

5,612

 

5,569

 

5,912

 

6

%

12

%

Client Assets (in billions of dollars) Beginning Client Assets

8,847.5

 

9,206.3

 

9,407.5

 

9,572.1

 

9,737.7

 

9,920.5

 

9,852.0

 

10,305.4

 

10,101.3

 

10,333.1

 

10,280.2

 

9,929.7

 

9,892.2

 

Net New Assets (1)

31.0

 

33.2

 

29.0

 

31.5

 

30.3

 

22.7

 

25.5

 

60.2

 

30.5

 

46.6

 

55.3

 

1.1

 

33.6

 

N/M

 

8

%

Net Market Gains (Losses)

327.8

 

168.0

 

135.6

 

134.1

 

152.5

 

(91.2

)

427.9

 

(264.3

)

201.3

 

(99.5

)

(405.8

)

(38.6

)

423.2

 

Total Client Assets (at month end)

9,206.3

 

9,407.5

 

9,572.1

 

9,737.7

 

9,920.5

 

9,852.0

 

10,305.4

 

10,101.3

 

10,333.1

 

10,280.2

 

9,929.7

 

9,892.2

 

10,349.0

 

5

%

12

%

Core Net New Assets (1,2)

31.1

 

29.1

 

29.0

 

32.8

 

33.5

 

24.6

 

28.8

 

61.4

 

30.6

 

48.0

 

59.1

 

2.7

 

35.0

 

N/M

 

13

%

Receiving Ongoing Advisory Services (at month end) Investor Services

624.0

 

632.9

 

649.1

 

663.7

 

675.1

 

665.6

 

688.9

 

682.0

 

698.7

 

703.5

 

688.8

 

688.2

 

711.2

 

3

%

14

%

Advisor Services

4,027.3

 

4,090.0

 

4,185.4

 

4,268.1

 

4,343.8

 

4,303.3

 

4,489.2

 

4,379.7

 

4,496.6

 

4,493.2

 

4,372.3

 

4,353.0

 

4,525.6

 

4

%

12

%

Client Accounts (at month end, in thousands) Active Brokerage Accounts

35,524

 

35,612

 

35,743

 

35,859

 

35,982

 

36,073

 

36,222

 

36,456

 

36,709

 

36,861

 

37,011

 

37,254

 

37,375

 

-

 

5

%

Banking Accounts

1,916

 

1,931

 

1,937

 

1,940

 

1,954

 

1,967

 

1,980

 

1,998

 

2,019

 

2,033

 

2,050

 

2,066

 

2,077

 

1

%

8

%

Workplace Plan Participant Accounts (3)

5,345

 

5,363

 

5,382

 

5,373

 

5,388

 

5,407

 

5,393

 

5,399

 

5,450

 

5,464

 

5,495

 

5,518

 

5,563

 

1

%

4

%

Client Activity New Brokerage Accounts (in thousands)

314

 

310

 

327

 

324

 

321

 

331

 

357

 

431

 

433

 

362

 

388

 

439

 

336

 

(23

%)

7

%

Client Cash as a Percentage of Client Assets (4)

9.9

%

9.7

%

9.6

%

9.5

%

9.5

%

9.8

%

9.5

%

10.1

%

9.8

%

10.0

%

10.6

%

10.5

%

10.1

%

(40) bp 20 bp Derivative Trades as a Percentage of Total Trades

21.9

%

21.3

%

21.2

%

20.8

%

21.5

%

21.4

%

19.7

%

18.6

%

19.3

%

19.9

%

19.5

%

18.4

%

21.0

%

260 bp (90) bp Selected Average Balances (in millions of dollars) Average Interest-Earning Assets (5)

415,950

 

417,150

 

417,379

 

420,191

 

420,203

 

422,327

 

425,789

 

431,177

 

431,523

 

424,805

 

425,228

 

430,884

 

419,638

 

(3

%)

1

%

Average Margin Balances

67,614

 

69,730

 

73,206

 

73,326

 

72,755

 

74,105

 

76,932

 

81,507

 

82,551

 

84,233

 

82,725

 

77,478

 

79,132

 

2

%

17

%

Average Bank Deposit Account Balances (6)

86,844

 

85,195

 

83,979

 

82,806

 

82,336

 

83,261

 

84,385

 

85,384

 

84,790

 

83,089

 

84,302

 

84,060

 

81,495

 

(3

%)

(6

%)

Mutual Funds and Exchange-Traded Funds Net Buys (Sells) (7,8) (in millions of dollars) Equities

5,734

 

3,379

 

10,908

 

5,609

 

5,217

 

7,176

 

13,226

 

14,805

 

10,050

 

4,987

 

(1,221

)

7,950

 

10,473

 

Hybrid

(558

)

(843

)

(1,155

)

(1,377

)

(432

)

(1,397

)

(329

)

124

 

(1,324

)

(464

)

(603

)

(1,663

)

(287

)

Bonds

5,854

 

6,346

 

8,651

 

10,919

 

11,015

 

10,442

 

7,473

 

10,969

 

8,747

 

12,162

 

11,438

 

(1,490

)

8,483

 

Net Buy (Sell) Activity (in millions of dollars) Mutual Funds (7)

(5,544

)

(4,254

)

(4,679

)

(4,003

)

(1,261

)

(4,905

)

(4,492

)

(4,331

)

(6,785

)

(3,971

)

(8,537

)

(13,955

)

(3,224

)

Exchange-Traded Funds (8)

16,574

 

13,136

 

23,083

 

19,154

 

17,061

 

21,126

 

24,862

 

30,229

 

24,258

 

20,656

 

18,151

 

18,752

 

21,893

 

Money Market Funds

9,790

 

3,858

 

9,110

 

8,048

 

9,672

 

11,032

 

9,172

 

8,956

 

11,584

 

12,306

 

14,586

 

(6,158

)

5,794

 

 

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 $0.1 billion in August, $0.3 billion in October, and $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.

 

N/M - Not meaningful. Percentage changes greater than 200% are presented as not meaningful.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250613239639/en/

MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525

INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 817-854-6177