• Charles Schwab average return on tangible equity for 2023 was 34.64, a 51.13% decline from 2022.
• Charles Schwab average return on tangible equity for 2022 was 22.92, a 69.9% increase from 2021.
• Charles Schwab average return on tangible equity for 2021 was 13.49, a 6.89% 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.