Private company

TD Ameritrade

Logo: TD Ameritrade, Public domain, via Wikimedia Commons5

American online broker

TD Ameritrade Holding Corporation was a stockbroker that offered an electronic trading platform for the trade of financial assets, which was acquired by Charles Schwab Corporation in 2020. The company was founded in 1975 as First Omaha Securities.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 19, 2026.

Overview

$101.2MRevenue, fiscal 20256
$67.3MNet income, fiscal 20256
1971Founded1
  • Tickeron NYSE1
  • Industryfinancial services1
  • HeadquartersOmaha1
  • Founded inOmaha1
  • Websitewww.amtd.com
  • Legal formNew York Business Corporation, limited liability company1
  • Listed onNew York Stock Exchange (AMTD)1
  • LEICWQYQU0TV2NLMLZKNB444
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O C T CORPORATION SYSTEM, 10005 New York, United States4
  • Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 5132914
TD Ameritrade Headquarters Building - Omaha, Nebraska (29991488727)
Photo: Tony Webster from Minneapolis, Minnesota, United States, CC BY 2.0, via Wikimedia Commons8

TD Ameritrade Holding Corporation was a stockbroker that offered an electronic trading platform for the trade of financial assets, which was acquired by Charles Schwab Corporation in 2020.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

66.4%Net margin6
25.8%Revenue growth, 20256
4.9%Return on equity6
0.21×Debt to equity6
$17.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hotel Operations Hospitality And VIPServices Income brought in 58% of the revenue TD Ameritrade broke down this way in fiscal 2025.

  1. Hotel Operations Hospitality And VIPServices Income$28.0M658%up 21% from 2024
  2. Fashion Arts And Luxury Magazines And Advertising Services Income$13.5M628%up 1% from 2024
  3. Fashion Arts And Luxury Media Licensing And Marketing Services Income$4.2M69%down 23% from 2024
  4. Digital Solutions Fee$2.6M65%up 0% from 2024
  5. Insurance Brokerage Services$324.0K61%down 61% from 2024
Products and services by year
Products and services202320242025
Hotel Operations Hospitality And VIPServices Income$10.3M$23.1M$28.0M
Fashion Arts And Luxury Magazines And Advertising Services Income$11.0M$13.4M$13.5M
Fashion Arts And Luxury Media Licensing And Marketing Services Income$3.4M$5.5M$4.2M
Digital Solutions Fee$2.6M$2.6M
Insurance Brokerage Services$1.2M$832.0K$324.0K

Business segments

Strategic Investment brought in 52% of the revenue TD Ameritrade broke down this way in fiscal 2025.

  1. Strategic Investment$52.6M652%up 50% from 2024
  2. Hotel Operations Hospitality And VIPServices$28.0M628%up 21% from 2024
  3. Media And Entertainment$17.7M618%down 6% from 2024
  4. Digital solutions services$2.9M63%down 15% from 2024
Business segments by year
Business segments202320242025
Strategic Investment$92.7M$35.1M$52.6M
Hotel Operations Hospitality And VIPServices$10.3M$23.1M$28.0M
Media And Entertainment$14.5M$18.9M$17.7M
Digital solutions services$13.5M$3.4M$2.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs32¢$32.4M
  • Income tax2¢$1.6M
  • Profit66¢$67.3M

Out of $101.2M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$746.0K
  • Kept or used elsewhere96¢$17.1M

Out of $17.8M of cash from operations.6

Financial statements

Revenue9101112136$101.2M in 2025−86% since 2018
0$500.0M$1.0B$1.5B2018: $723.2M$723.2M20182019: $1.2B$1.2B2019+67%2020: $1.1B$1.1B2020−7%2021: $87.5M$87.5M2021−92%2022: $105.4M$105.4M2022+20%2023: $130.9M$130.9M2023+24%2024: $80.5M$80.5M2024−39%2025: $101.2M$101.2M2025+26%
Net income9101112136$67.3M in 2025−87% since 2018
0$500.0M$1.0B$1.5B2018: $525.1M$525.1M20182019: $830.9M$830.9M2019+58%2020: $1.1B$1.1B2020+37%2021: $157.2M$157.2M2021−86%2022: $160.5M$160.5M2022+2%2023: $153.4M$153.4M2023−4%2024: $53.6M$53.6M2024−65%2025: $67.3M$67.3M2025+26%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Digital solutions and other services income$2.9M$3.4M$13.5M
Media advertising and marketing services income$17.7M$18.9M$14.5M
Hotel operations, hospitality and VIP services income$28.0M$23.1M$10.3M
Dividend income and gain from disposed financial assets at fair value through profit or loss (FVTPL) and settled derivative financial assets$8.6M$8.7M$133.6M
Net fair value changes on financial assets at FVTPL (except gain from disposed financial assets at FVTPL and settled derivative financial assets)$44.0M$26.4M-$40.9M
Revenue$101.2M$80.5M$130.9M
Other income$33.6M$18.9M$22.9M
Other gain$1.5M$24.8M$68.8M
Impairment losses under expected credit loss model on financial assets-$5.0M
Other operating expenses-$41.3M-$39.5M-$29.4M
Staff costs-$13.5M-$15.5M-$20.1M
Finance costs-$12.7M-$13.4M-$8.2M
Share of losses of joint ventures-$559.0K-$2.3M
PROFIT BEFORE TAX$68.8M$55.2M$157.7M
Income tax expense-$1.6M-$1.6M-$4.3M
PROFIT FOR THE YEAR$67.3M$53.6M$153.4M
- Ordinary shareholders$41.4M$46.7M$134.4M
- Holders of perpetual securities$2.2M$4.3M$8.6M
Non-controlling interests$23.7M$2.5M$10.4M
PROFIT FOR THE YEAR$67.3M$53.6M$153.4M
Exchange differences on translation of foreign operations-$1.7M-$2.4M-$2.4M
Share of other comprehensive income (expense) of joint ventures$1.8M-$306.0K
Cumulative exchange differences reclassified to profit or loss upon disposal of foreign operations$2.7M
Exchange differences on translation from functional currency to presentation currency-$3.7M$8.0M-$489.0K
OTHER COMPREHENSIVE (EXPENSE) INCOME FOR THE YEAR-$5.3M$7.4M-$482.0K
TOTAL COMPREHENSIVE INCOME FOR THE YEAR$61.9M$61.0M$152.9M
- Ordinary shareholders$37.1M$54.2M$134.1M
- Holders of perpetual securities$2.2M$4.3M$8.6M
Non-controlling interests$22.7M$2.5M$10.2M

Compare TD Ameritrade with another company

The story

Founded by Joe Ricketts in 1971, in Omaha.1

In 1975, the company was founded as First Omaha Securities by Joe Ricketts. In 1983, Ameritrade Clearing Inc. was established as a central counterparty clearing broker. In 1988, the company introduced the first quote and order entry system via the push-button telephone.

In March 1997, the company became a public company via an initial public offering. In 2006, Ameritrade purchased the American operations of TD Waterhouse from TD Bank Group. The combined company was renamed TD Ameritrade, and TD Bank Group was given a 39% stake in the company. As part of the deal, Ameritrade sold its Canadian operations to TD Bank who merged them with TD Waterhouse Canada.

In November 2007, the company reported that hackers gained access to most of its clients' names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity. In 2011, after being sued in a class action, the company settled by agreeing to compensate customers that were victim to identity theft between $50 and $2,500 each. The settlement was criticized for netting the attorneys almost as much money as the victims. In 2020, customer login information was being sold on the dark web.

The company and its registered advisors recommended to its customers to invest cash holdings in a money market fund that was an affiliate of the Reserve Primary Fund and the fund gained approximately $1 billion in assets as a result of such marketing by the company. It also represented that an affiliated fund, the Reserve Yield Plus, was a safe money market fund, when it actually was a bond fund. The company received commissions for steering customers. In September 2008, during the 2008 financial crisis, as a result of holdings in securities of Lehman Brothers, the Reserve Primary Fund was forced to break the buck and $1 billion in cash equivalents of TD Ameritrade clients were frozen and the Reserve Yield Plus declined in value. The company was accused of having a conflict of interest as a result of commissions that it received, for having poor marketing ethics, and for misrepresenting the safety of the investments. The company was named in class action lawsuits by its customers and the U.S. Securities and Exchange Commission launched an investigation into its marketing practices. In 2008, the company agreed to reimburse its customers for up to a 3% loss in the Reserve Primary Fund, or up to $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus made its final distribution in 2016 and investors received 97 to 98 cents per share in addition to compensation from TD Ameritrade.

In January 2009, TD Ameritrade acquired thinkorswim in a cash and stock deal valued around $606 million. In 2013, the company opened a $250 million headquarters in Omaha. In 2017, the company acquired the stock brokerage division of Scottrade. In April 2018, TD Ameritrade and Havas placed the first advertisement inserted within the bitcoin blockchain.

In July 2009, TD Ameritrade settled a lawsuit alleging it had marketed auction rate securities as short-term investments. The settlement included a $456 million payment and the buyback of the securities, compensating investors for losses.

In 2020, Charles Schwab Corporation acquired TD Ameritrade and the platform was shut down in May 2024 after all accounts were transitioned.

In September 2022, the Reserve Bank of India (RBI), India's central bank, released a list of 34 forex trading online platforms, in which TD Ameritrade was listed as an illegal platform in India.

Read the full text

Management history

In May 2008, CEO Joe Moglia vacated the CEO position, becoming Chairman. He was succeeded as CEO by COO Fredric Tomczyk. In 2016, Tomczyk resigned as CEO and was succeeded by Tim Hockey. In 2020, CEO Tim Hockey resigned amid a disagreement with the board relating to the growth of the company. In July 2020, Joe Moglia retired from his role as Chairman of the Board of TD Ameritrade.

From Wikipedia’s article on TD Ameritrade, shared under CC BY-SA 4.0.7

Leadership

Who has led TD Ameritrade, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (38)

Subsidiaries and ownership

Owners

Subsidiaries

Parent company (GLEIF)

Ultimate parent

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Oct 5, 2020Parent Directly consolidated by AMERITRADE HOLDING LLC4
  2. Nov 26, 2019New chief executive Stephen J. Boyle becomes CEO15
  3. Nov 25, 2016New chief executive Tim Hockey becomes CEO16
  4. Nov 18, 2008New chief executive Fredric J. Tomczyk becomes CEO17
  5. Apr 28, 2006New chief executive Joe Moglia becomes CEO18
  6. 1971Founded Founded in Omaha1

Filings

4 filings to the SEC since October 2021: 4 other. The latest 4:

  1. Feb 26, 2024X-17A-5 EDGAR
  2. Feb 27, 2023X-17A-5 EDGAR
  3. Apr 6, 2022X-17A-5/A EDGAR
  4. Feb 25, 2022X-17A-5 EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Morgan Stanley212,867$205.4K0.0%No change
Renaissance Technologies LLC16,765$16.2K0.0%−12,308
Susquehanna International Group, Llp11,673$11.3K0.0%−26,238
GAMMA Investing LLC11,098$10.7K0.0%−25,441
Osaic Holdings, Inc.3,745$3.6K0.0%No change
SBI Securities Co., Ltd.2,652$2.6K0.0%−188
UBS Group AG1,250$1.2K0.0%−111
Rhumbline Advisers398$3840.0%No change
Bnp Paribas Financial Markets300$2890.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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