SCHW

MKT CAP:$156B

The Charles Schwab Corporation

Market Cap

$156B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$89.11-$12.46 (-12.27%)

Apr 24, 2026

Company Details

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services a...

CEO

Richard Andrew Wurster

IPO Date

Sep 22, 1987

Website

www.schwab.com

Key Metrics TTM

Revenue

$27.7B

+6.4% YoY

Net Income

$8.9B

EPS (Diluted)

$4.66

Free Cash Flow

$8.8B

Revenue / Share

$15.57

Gross Margin

84.7%

Operating Margin

43.3%

Net Margin

32.0%

FCF Margin

31.7%

P/S

5.6x

P/E

17.6x

Earnings Reports

FY 2025

Feb 25, 2026

$27.7B+6.4%EPS $4.66

Q4 2025

Feb 25, 2026

$7.2B+7.8%EPS $1.33

Q3 2025

Nov 7, 2025

$7.0B+7.4%EPS $1.26

Q2 2025

Aug 8, 2025

$6.8B+7.4%EPS $1.08

Q1 2025

May 9, 2025

$6.7B+3.1%EPS $0.99

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$4.8B	$4.7B	$1.8B
Q2 22	$5.3B	$5.1B	$2.3B
Q3 22	$5.9B	$5.5B	$2.7B
Q4 22	$6.3B	$5.5B	$2.6B
Q1 23	$6.4B	$5.1B	$2.1B
Q2 23	$6.5B	$4.7B	$1.7B
Q3 23	$6.4B	$4.6B	$1.4B
Q4 23	$6.3B	$4.5B	$1.2B
Q1 24	$6.4B	$4.7B	$1.8B
Q2 24	$6.3B	$4.7B	$1.7B
Q3 24	$6.6B	$4.8B	$1.8B
Q4 24	$6.7B	$5.3B	$2.3B
Q1 25	$6.7B	$5.6B	$2.5B
Q2 25	$6.8B	$5.9B	$2.8B
Q3 25	$7.0B	$6.1B	$3.0B
Q4 25	$7.2B	$5.8B	$3.7B

Valuation

Quarter	P/S	P/E
Q1 22	9.2x	30.1x
Q2 22	6.2x	19.3x
Q3 22	6.6x	20.1x
Q4 22	7.0x	21.8x
Q1 23	3.9x	12.7x
Q2 23	4.2x	15.3x
Q3 23	3.8x	16.3x
Q4 23	4.8x	24.4x
Q1 24	5.2x	27.4x
Q2 24	5.3x	27.6x
Q3 24	4.6x	23.1x
Q4 24	5.2x	22.8x
Q1 25	5.4x	21.9x
Q2 25	6.2x	22.6x
Q3 25	6.4x	21.3x
Q4 25	6.5x	20.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3.1B	$2.8B
Q2 22	-$7.9B	-$8.2B
Q3 22	$9.1B	$8.8B
Q4 22	-$2.1B	-$2.3B
Q1 23	$9.8B	$9.6B
Q2 23	-$5.2B	-$5.5B
Q3 23	-$5.0B	-$5.3B
Q4 23	$20.0B	$20.0B
Q1 24	-$1.3B	-$1.5B
Q2 24	-$4.3B	-$4.3B
Q3 24	$19.1B	$19.0B
Q4 24	-$10.8B	-$11.1B
Q1 25	$6.4B	$6.2B
Q2 25	$3.2B	$3.0B
Q3 25	$538M	$393M
Q4 25	-$763M	-$921M

Capital Expenditures

Quarter	CapEx
Q1 22	$296M
Q2 22	$241M
Q3 22	$232M
Q4 22	$202M
Q1 23	$159M
Q2 23	$239M
Q3 23	$239M
Q4 23	$63M
Q1 24	$149M
Q2 24	$89M
Q3 24	$128M
Q4 24	$254M
Q1 25	$117M
Q2 25	$128M
Q3 25	$145M
Q4 25	$158M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-0.2%	+3.8%
Q2 22	+13.2%	+1.9%
Q3 22	+26.4%	+21.3%
Q4 22	+30.5%	+31.9%
Q1 23	+32.3%	+43.2%
Q2 23	+23.0%	+60.0%
Q3 23	+7.9%	+54.1%
Q4 23	-0.2%	+37.5%
Q1 24	+1.4%	+9.4%
Q2 24	-1.9%	-3.7%
Q3 24	+2.5%	-6.0%
Q4 24	+5.7%	-14.8%
Q1 25	+3.1%	-9.8%
Q2 25	+7.4%	-12.8%
Q3 25	+7.4%	-14.7%
Q4 25	+7.8%	-20.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$144M	3.0%
Q2 22	$62M	1.2%
Q3 22	$75M	1.3%
Q4 22	$85M	1.3%
Q1 23	$134M	2.1%
Q2 23	$60M	0.9%
Q3 23	$66M	1.0%
Q4 23	$60M	1.0%
Q1 24	$131M	2.0%
Q2 24	$71M	1.1%
Q3 24	$65M	1.0%
Q4 24	$70M	1.1%
Q1 25	$126M	1.9%
Q2 25	$72M	1.1%
Q3 25	$61M	0.9%
Q4 25	$58M	0.8%

OpEx Breakdown

Quarter	SG&A
Q1 22	$1.9B
Q2 22	$1.5B
Q3 22	$1.6B
Q4 22	$967M
Q1 23	$1.7B
Q2 23	$1.6B
Q3 23	$1.9B
Q4 23	$1.5B
Q1 24	$1.6B
Q2 24	$1.6B
Q3 24	$1.6B
Q4 24	$1.6B
Q1 25	$1.8B
Q2 25	$1.6B
Q3 25	$1.8B

Revenue Segments

Quarter	Advisor Services	Investor Services
Q1 22	$1.1B	$3.5B
Q2 22	$1.3B	$3.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$64.5B	$265.3B	$329.8B
Q3 22	$46.5B	$236.5B	$283.0B
Q4 22	$40.2B	$147.8B	$188.0B
Q1 23	$49.2B	$141.3B	$190.5B
Q2 23	$47.7B	$125.8B	$173.4B
Q3 23	$33.3B	$108.5B	$141.8B
Q4 23	$43.3B	$105.9B	$149.3B
Q1 24	$31.8B	$99.4B	$131.2B
Q2 24	$25.4B	$92.0B	$117.3B
Q3 24	$34.9B	$89.8B	$124.7B
Q4 24	$42.1B	$82.6B	$124.7B
Q1 25	$35.0B	$74.5B	$109.5B
Q2 25	$32.2B	$67.4B	$99.6B
Q3 25	$30.6B	$62.0B	$92.6B
Q4 25	$46.0B	$62.1B	$108.1B
Q1 26	$4M	$2M	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	1.91B	+0.2%	+0.7%
Q2 22	1.90B	-0.1%	+0.4%
Q3 22	1.90B	-0.5%	-0.2%
Q4 22	1.87B	-1.2%	-1.5%
Q1 23	1.84B	-1.7%	-3.3%
Q2 23	1.82B	-0.9%	-4.1%
Q3 23	1.83B	+0.1%	-3.6%
Q4 23	1.83B	+0.1%	-2.4%
Q1 24	1.83B	+0.2%	-0.6%
Q2 24	1.83B	+0.2%	+0.5%
Q3 24	1.83B	0.0%	+0.4%
Q4 24	1.84B	+0.1%	+0.4%
Q1 25	1.82B	-0.8%	-0.5%
Q2 25	1.82B	0.0%	-0.7%
Q3 25	1.81B	-0.6%	-1.3%
Q4 25	1.78B	-1.9%	-3.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$144.0K	33K
Q2 22	$157.5K	33K
Q3 22	$177.5K	33K
Q4 22	$188.8K	33K
Q1 23	$190.5K	33K
Q2 23	$193.7K	33K
Q3 23	$191.5K	33K
Q4 23	$190.7K	33K
Q1 24	$195.4K	33K
Q2 24	$192.4K	33K
Q3 24	$198.6K	33K
Q4 24	$207.2K	32K
Q1 25	$207.2K	32K
Q2 25	$212.3K	32K
Q3 25	$219.3K	32K
Q4 25	$217.2K	33K

Revenue / Employee