The Charles Schwab Corporation (SCHW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.55	$1.62	+4.5%	—	$7.1B	—
Q1 26	$1.4	$1.43	+2.1%	—	$6.5B	—
Q4 25	$1.39	$1.39	0.0%	—	$6.3B	—
Q3 25	$1.25	$1.31	+4.8%	—	$6.1B	—
Q2 25	$1.1	$1.14	+3.6%	—	$5.9B	—
Q1 25	$1.01	$1.04	+3.0%	—	$5.6B	—
Q4 24	$0.92	$1.01	+9.8%	—	$5.3B	—
Q3 24	$0.75	$0.77	+2.7%	—	$4.8B	—
Q2 24	$0.72	$0.73	+1.4%	—	$4.7B	—
Q1 24	$0.73	$0.74	+1.4%	—	$4.7B	—
Q4 23	$0.64	$0.68	+6.3%	—	$4.5B	—
Q3 23	$0.74	$0.77	+4.1%	—	$4.6B	—
Q2 23	$0.71	$0.75	+5.6%	—	$4.7B	—
Q1 23	$0.9	$0.93	+3.3%	—	$5.1B	—
Q4 22	$1.09	$1.07	-1.8%	—	$5.5B	—
Q3 22	$1.05	$1.1	+4.8%	—	$5.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.67	—	—	$23.9B	—
FY24	—	$3	—	—	$19.6B	—
FY23	—	$2.55	—	—	$18.8B	—
FY22	—	$3.52	—	—	$20.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.5B	$8.6B	$10.1B	$10.7B	$11.7B	$18.5B	$20.8B	$18.8B	$19.6B	$23.9B
YoY change	+17.4%	+15.2%	+17.6%	+5.81%	+9.05%	+58.4%	+12.1%	-9.27%	+4.08%	+22%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.5B	8.6B	10.1B	10.7B	11.7B	18.5B	20.8B	18.8B	19.6B	23.9B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.1B	3.4B	3.8B	4B	4.3B	5.9B	6.4B	6.7B	6.4B	6.9B
Operating expenses	3.1B	3.4B	3.8B	4B	4.3B	5.9B	6.4B	6.7B	6.4B	6.9B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	3B	3.6B	4.6B	4.8B	4.3B	7.7B	9.4B	6.4B	7.7B	11.5B
Income tax	1.1B	1.3B	1.1B	1.1B	1B	1.9B	2.2B	1.3B	1.8B	2.6B
Net income	1.9B	2.4B	3.5B	3.7B	3.3B	5.9B	7.2B	5.1B	5.9B	8.9B
Net margin	25.3%	27.3%	34.6%	34.5%	28.2%	31.6%	34.6%	26.9%	30.3%	37%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	1.32	1.63	2.47	2.69	2.13	2.84	3.52	2.55	3	4.67
Diluted EPS	1.31	1.61	2.45	2.67	2.12	2.83	3.5	2.54	2.99	4.65

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4.6B	4.5B	4.7B	4.7B	4.8B	5.3B	5.6B	5.9B	6.1B	6.3B	6.5B	7.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	1.5B	1.6B	1.6B	1.6B	1.6B	1.8B	1.6B	1.8B	1.7B	1.9B	1.9B
Operating expenses	1.9B	1.5B	1.6B	1.6B	1.6B	1.6B	1.8B	1.6B	1.8B	1.7B	1.9B	1.9B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.4B	1.2B	1.8B	1.7B	1.8B	2.3B	2.5B	2.8B	3B	3.2B	3.2B	3.7B
Income tax	258M	149M	436M	415M	434M	465M	546M	677M	663M	721M	709M	869M
Net income	1.1B	1B	1.4B	1.3B	1.4B	1.8B	1.9B	2.1B	2.4B	2.5B	2.5B	2.8B
Net margin	24.4%	23.4%	28.7%	28.4%	29%	34.5%	34.1%	36.3%	38.4%	38.8%	38.2%	39.6%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.56	0.51	0.69	0.66	0.71	0.94	0.99	1.09	1.26	1.34	1.37	1.55
Diluted EPS	0.56	0.51	0.68	0.66	0.71	0.94	0.99	1.08	1.26	1.33	1.37	1.54

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	52.3B	68.8B	56B	62.4B	75.8B	—	156.9B	125.5B	135.3B	180.2B	170B
Enterprise value	-33.1B	24.3B	-31.7B	-21B	-288.3B	—	6.8B	35.3B	55.7B	103.1B	156.9B
Shares outstanding	1.3B	1.3B	1.3B	1.3B	1.4B	1.9B	1.9B	1.8B	1.8B	1.8B	1.8B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.7	29.2	16	16.8	23	—	21.8	24.8	22.8	20.4	18
P/S	6.99	7.98	5.53	5.82	6.48	—	7.56	6.66	6.9	7.53	6.58
P/B	3.18	3.71	2.71	2.87	1.35	—	4.29	3.06	2.8	3.65	3.9
EV/Sales	-4.42	2.82	-3.12	-1.96	-24.7	—	0.33	1.88	2.84	4.31	6.03
Earnings yield	3.61%	3.42%	6.26%	5.94%	4.35%	—	4.58%	4.04%	4.39%	4.91%	5.54%
FCF yield	6.23%	-1.8%	21.2%	13.8%	8.21%	—	0.69%	15.1%	1.52%	4.86%	4.95%
PEG	—	—	—	—	—	—	—	—	—	—	0.43

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	52.3%
Net margin	25.3%	27.3%	34.6%	34.5%	28.2%	31.6%	34.6%	26.9%	30.3%	37%	38.8%
ROE	11.5%	12.7%	17%	17%	5.88%	10.4%	19.6%	12.4%	12.3%	17.9%	20.3%
ROA	—	—	—	—	—	—	—	—	1.24%	1.8%	2.07%
Return on tangible assets	—	—	—	—	—	—	—	—	1.35%	1.96%	2.11%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	0.66
Debt / equity	0.18	1.07	0.33	0.34	0.24	0.42	1.03	1.44	0.93	0.63	1.51
Debt / assets	—	—	—	—	—	—	—	—	0.09	0.06	0.07
Effective tax rate	36.9%	35.5%	23.1%	23.6%	23.3%	24.1%	23.5%	20.6%	22.8%	22.8%	22.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.65	6.44	7.52	8.18	8.18	9.81	11	10.3	10.7	13.3	14.7
EPS (basic)	1.32	1.63	2.47	2.69	2.13	2.84	3.52	2.55	3	4.67	4.67
EPS (diluted)	1.31	1.61	2.45	2.67	2.12	2.83	3.5	2.54	2.99	4.65	5.49
Book value per share	12.4	13.8	15.3	16.6	39.2	29.8	19.4	22.5	26.5	27.4	25.4
FCF per share	2.46	-0.93	8.82	6.57	4.35	0.64	0.58	10.4	1.12	4.86	6.2
Cash per share	66.6	48	70.1	69.2	264.3	240.1	99.7	81.8	68.2	59.9	55.7
Capex per share	0.26	0.3	0.42	0.54	0.44	0.49	0.52	0.38	0.34	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.63%	4.64%	5.63%	6.6%	5.4%	4.95%	4.68%	3.72%	3.16%	—	—
Capex / operating cash flow	10.3%	-73.5%	3.1%	8.69%	-8.1%	-18.5%	23.1%	5.04%	-12.3%	—	—
Payout ratio	25.7%	25.1%	22.4%	28.6%	38.8%	31.1%	29.4%	44.9%	38.3%	26.3%	21.5%
Dividend yield	0.93%	0.86%	1.41%	1.7%	1.69%	—	1.34%	1.81%	1.68%	1.29%	1.3%

Yield

1.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.32

ex-dividend Aug 14, 2026

Payout ratio

21%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.32
May 8, 2026	$0.32
Feb 13, 2026	$0.32

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4.6B	$4.5B	$4.7B	$4.7B	$4.8B	$5.3B	$5.6B	$5.9B	$6.1B	$6.3B	$6.5B	$7.1B
YoY change	-16.3%	-18.9%	-7.35%	+0.73%	+5.23%	+19.5%	+18.1%	+24.8%	+26.6%	+18.9%	+15.8%	+20.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	88.2B	64.2B	94.5B	90.8B	377.7B	453B	188B	149.3B	124.7B	108.1B
Receivables	17.9B	21.4B	22.6B	22.9B	66.2B	92.8B	69.1B	71.8B	88B	107.5B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	492M	661M	824M	1.6B	2.4B	2.6B	2.9B	2.6B	2.1B	1.8B
Goodwill & intangibles	2.7B	2.7B	2.8B	2.7B	43.9B	42.7B	41.5B	40.4B	39.4B	38.4B
Total assets	—	—	—	—	—	—	—	—	479.8B	491B
Accounts payable	38.3B	32.5B	32.7B	39.2B	104.2B	125.7B	97.4B	84.8B	114.9B	142B
Short-term debt	0	15B	0	—	0	4.9B	17.1B	33B	22.7B	8.8B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	2.9B	4.8B	6.9B	7.4B	13.6B	18.9B	20.8B	26.1B	22.4B	22.2B
Total liabilities	—	—	—	—	—	—	—	—	431.5B	441.6B
Shareholders' equity	16.4B	18.5B	20.7B	21.7B	56.1B	56.3B	36.6B	41B	48.4B	49.4B
Total debt	2.9B	19.8B	6.9B	7.4B	13.6B	23.8B	37.9B	59.1B	45.1B	31B
Net debt	-8B	5.5B	-21.1B	-21.9B	-26.7B	-39.2B	-2.3B	15.7B	3.1B	-15.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	141.8B	149.3B	131.2B	117.3B	124.7B	124.7B	109.5B	99.6B	92.6B	108.1B	105.4B	102.3B
Receivables	69.1B	71.8B	71.2B	72.8B	74B	88B	84.4B	82.8B	93.8B	107.5B	106.2B	122.8B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	2.6B	—	—	—	2.1B	3.3B	—	—	1.8B	—	—
Goodwill & intangibles	40.7B	40.4B	40.2B	39.9B	39.6B	39.4B	39.1B	38.9B	38.6B	38.4B	39.4B	39.1B
Total assets	—	—	468.8B	449.7B	466.1B	479.8B	462.9B	458.9B	465.3B	491B	493.3B	517.3B
Accounts payable	72.8B	84.8B	84B	80B	89.2B	114.9B	116.3B	127.9B	137.8B	142B	146.1B	167.8B
Short-term debt	39.4B	33B	32.4B	34.4B	33.2B	22.7B	18.4B	17.5B	7.4B	8.8B	12.5B	14.4B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	24.8B	26.1B	22.9B	22.4B	22.4B	22.4B	21.5B	20.2B	20.2B	22.2B	20.6B	22.9B
Total liabilities	—	—	—	405.7B	418.8B	431.5B	413.4B	409.5B	415.9B	441.6B	444.1B	467.1B
Shareholders' equity	37.8B	41B	42.4B	44B	47.2B	48.4B	49.5B	49.5B	49.4B	49.4B	49.2B	50.1B
Total debt	64.2B	59.1B	55.3B	56.8B	55.6B	45.1B	39.9B	37.7B	27.6B	31B	33.1B	37.3B
Net debt	30.9B	15.7B	23.5B	31.5B	20.8B	3.1B	4.9B	5.5B	-3B	-15.1B	-11.9B	-3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.9B	2.4B	3.5B	3.7B	3.3B	5.9B	7.2B	5.1B	5.9B	8.9B
Depreciation & amortization	234M	269M	306M	349M	604M	1.2B	1.2B	1.3B	1.4B	1.4B
Stock-based compensation	141M	153M	197M	183M	204M	254M	366M	320M	337M	317M
Change in working capital	1.1B	-3.4B	14.2B	3.7B	-12.1B	-12.6B	-5.1B	7B	-13.1B	-15.2B
Operating cash flow	3.4B	-544M	18.4B	8.1B	-7.8B	-4.9B	4.2B	13.9B	-5B	9.3B
Capital expenditure	-346M	-400M	-570M	-708M	-631M	-916M	-971M	-700M	-620M	—
Investing cash flow	-37.7B	-19.4B	-40.4B	13.7B	-120.2B	-64.8B	37.8B	57.3B	40.2B	37.9B
Dividends paid	-486M	-592M	-787M	-1.1B	-1.3B	-1.8B	-2.1B	-2.3B	-2.3B	-2.3B
Share repurchases	0	-485M	-1B	-2.2B	0	-600M	-4.4B	-3.3B	0	-9.8B
Financing cash flow	867M	16.2B	-14.7B	-4.1B	4.7B	4.1B	-12.8B	373M	-43.9B	-62.7B
Net change in cash	-33.5B	-3.7B	-36.7B	17.7B	-123.2B	-65.7B	29.2B	71.6B	-8.7B	-15.5B
Free cash flow	3.3B	-1.2B	11.9B	8.6B	6.2B	1.2B	1.1B	18.9B	2B	8.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.1B	1B	1.4B	1.3B	1.4B	1.8B	1.9B	2.1B	2.4B	2.5B	2.5B	2.8B
Depreciation & amortization	333M	368M	358M	362M	361M	354M	347M	343M	339M	333M	333M	340M
Stock-based compensation	66M	60M	131M	71M	65M	70M	126M	72M	61M	58M	138M	92M
Change in working capital	-9B	16.3B	-2.7B	-4.9B	5.9B	-11.5B	2.7B	-2.3B	-7.1B	-8.5B	2.7B	-15.3B
Operating cash flow	-7.3B	17.6B	-758M	-3.1B	7.8B	-9B	5.2B	422M	538M	-763M	7.3B	4.3B
Capital expenditure	-239M	-63M	-149M	-89M	-128M	-254M	-117M	-128M	—	—	—	—
Investing cash flow	18.8B	9.8B	9.8B	11.1B	9.7B	9.6B	12.4B	12.4B	9.5B	3.4B	3.2B	-185M
Dividends paid	-561M	-573M	-562M	-575M	-563M	-575M	-595M	-608M	-562M	-564M	-632M	-643M
Share repurchases	0	0	0	0	0	0	-1.5B	-2.8B	-2.7B	-2.8B	-2.4B	-3.1B
Financing cash flow	-14.1B	-9.5B	-6.7B	-4.2B	-8.5B	-24.5B	-15B	-16B	-22.5B	-9.2B	-12.6B	-21.2B
Net change in cash	-2.6B	17.9B	2.4B	3.8B	9B	-23.9B	2.6B	-3.2B	-12.5B	-6.5B	-2.2B	-17.1B
Free cash flow	-5.3B	20B	-1.5B	-4.3B	19B	-11.1B	6.2B	3B	393M	-921M	7.2B	4.1B

Date	Ratio
May 31, 2000	3:2
Jul 2, 1999	2:1
Dec 14, 1998	3:2
Sep 16, 1997	3:2
Sep 5, 1995	2:1
Mar 2, 1995	3:2
Jun 2, 1993	3:2
Dec 3, 1991	3:2

The Charles Schwab Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history