• Charles Schwab average return on tangible equity for 2023 was 32.05, a 11.98% decline from 2022.
• Charles Schwab average return on tangible equity for 2022 was 28.62, a 98.75% increase from 2021.
• Charles Schwab average return on tangible equity for 2021 was 14.4, a 27.77% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.