SCHW (The Charles Schwab Corporation) Stock Financials & Earnings

Company Info & Key Metrics

Financial Services Financial - Capital Markets

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company opera...

CEORichard Andrew Wurster

Country🇺🇸 United States

ExchangeNYSE

IPOSep 22, 1987

www.schwab.com

Revenue$7.2B

YoY Growth+7.8%

QoQ Growth+1.8%

Net Income$2.5B

EPS$1.33

Free Cash Flow-$5.1B

Gross Margin81.6%

Op. Margin51.6%

Net Margin34.3%

FCF Margin-70.9%

Rev Multiple (TTM)6.0x

P/E Ratio (TTM)18.7x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.9x	22.4x
Q2 23	6.6x	24.0x
Q3 23	6.5x	27.6x
Q4 23	6.5x	32.7x
Q1 24	6.5x	34.3x
Q2 24	6.5x	34.0x
Q3 24	6.5x	32.2x
Q4 24	6.4x	27.9x
Q1 25	6.3x	25.5x
Q2 25	6.2x	22.7x
Q3 25	6.1x	20.1x
Q4 25	6.0x	18.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
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	-$4.9B	-$5.1B

Capital Expenditures

CapEx

Quarter	CapEx
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

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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 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	$0	0.0%

OpEx Breakdown

Quarter	SG&A
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

War Chest

Quarter	Cash	Short-term Investments	Total
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	$292M	$340M	$632M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.84B	-1.7%
Q2 23	1.82B	-0.9%
Q3 23	1.83B	+0.1%
Q4 23	1.83B	+0.1%
Q1 24	1.83B	+0.2%
Q2 24	1.83B	+0.2%
Q3 24	1.83B	+0.0%
Q4 24	1.84B	+0.1%
Q1 25	1.82B	-0.8%
Q2 25	1.82B	+0.0%
Q3 25	1.81B	-0.6%
Q4 25	1.78B	-1.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$422K	15K
FY 15	$425K	15K
FY 16	$472K	16K
FY 17	$509K	18K
FY 18	$564K	20K
FY 19	$598K	20K
FY 20	$1M	10K
FY 21	$569K	33K
FY 22	$668K	33K
FY 23	$773K	33K
FY 24	$810K	32K
FY 25	$839K	33K