The Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the company’s common stock and declared a regular quarterly cash dividend of $0.27 per common share. The dividend is payable August 22, 2025 to stockholders of record as of the close of business on August 8, 2025.

As of June 30, 2025 the Share Repurchase Program had approximately $6.9 billion of share repurchases remaining under a prior authorization. The Board’s decision today has replaced this authorization with approval to repurchase a total of $20 billion of its common stock. Shares may be repurchased through open market or privately negotiated transactions based on prevailing market conditions. For the quarter ended June 30, 2025 the company had 1.822 billion weighted-average common and common equivalent shares outstanding.

Co-Chairman Walt Bettinger commented, “The Board’s decision regarding the Share Repurchase Program reflects Schwab’s sustained business and financial momentum as well as our continued confidence in the long-term prospects for the firm. Guided by our “Through Clients’ Eyes” strategy, these actions reinforce our commitment to delivering strong growth across all fronts while further enhancing long-term stockholder value through the opportunistic return of excess capital.”

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 2, 2025 to stockholders of record as of the close of business on August 18, 2025:

CFO Mike Verdeschi added, “The combination of our strong balance sheet, diversified financial model, and robust capital levels keeps us well-positioned to continue supporting client growth while concurrently returning excess capital to our stockholders in multiple forms as a part of our through-the-cycle financial growth story.”

Forward-Looking Statements

This press release contains forward-looking statements relating to the company’s financial model, growth, capital levels, and capital return. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences are described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.5 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.1 million banking accounts, and $10.76 trillion in client assets. 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.

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