Charles Schwab SCHW

Financial - Capital Markets, Financial Services

$90.58

−0.94%

Market cap: $156.6B
PE: 15.5×; 10y median 25.0×
Forward PE: 12.1×; 10y median 19.2×
Revenue, 12 months: $27.1B; +18% on a year ago
Net margin: 39.3%

Charles Schwab trades at 15.5× trailing earnings, cheaper than 89% of the last ten years. Revenue was $27.1B over the last twelve months, up 18% on a year earlier with a 39% net margin.

Charts

Financials

Income statement for SCHW, by quarter
Income statement	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
	$4.5B−19%	$4.7B−7%	$4.7B+1%	$4.8B+5%	$5.3B+20%	$5.6B+18%	$5.9B+25%	$6.1B+27%	$6.3B+19%	$6.5B+16%	$7.1B+21%	$7.2B+17%
Interest expense	$1.8B+126%	$1.7B+37%	$1.7B−9%	$1.7B−5%	$1.3B−28%	$1.1B−39%	$965M−42%	$906M−47%	$832M−37%	$818M−22%	$789M−18%	n/a
Pre-tax income	$1.2B−54%	$1.8B−15%	$1.7B+3%	$1.8B+33%	$2.3B+93%	$2.5B+37%	$2.8B+60%	$3B+64%	$3.2B+38%	$3.2B+30%	$3.7B+31%	$3.8B+25%
	$149M−76%	$436M−14%	$415M+5%	$434M+68%	$465M+212%	$546M+25%	$677M+63%	$663M+53%	$721M+55%	$709M+30%	$869M+28%	n/a
Net income	$1B−47%	$1.4B−15%	$1.3B+3%	$1.4B+25%	$1.8B+76%	$1.9B+40%	$2.1B+60%	$2.4B+68%	$2.5B+34%	$2.5B+30%	$2.8B+32%	$2.9B+23%
	$0.51−47%	$0.68−18%	$0.66+3%	$0.71+27%	$0.94+84%	$0.99+46%	$1.08+64%	$1.26+78%	$1.33+42%	$1.37+38%	$1.54+43%	$1.62+29%
	1.8B−2%	1.8B−1%	1.8B+1%	1.8B+0%	1.8B+0%	1.8B−1%	1.8B−1%	1.8B−1%	1.8B−3%	1.8B−4%	1.7B−5%	1.7B−4%

Net income: 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.

EPS, diluted: Q4 FY08: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release. Q1 FY10: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY08: share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.

Estimates

Next earnings report: Jan 20, 2027.

Quarter	Revenue	Range	EPS	Range	Analysts
Q4 FY26	$7.4B	$7.3B to $7.5B	$1.72	$1.67 to $1.78	15
Q1 FY27	$7.6B	$7.3B to $7.8B	$1.77	$1.67 to $1.84	12
Q2 FY27	$8B	$7.8B to $8.1B	$1.94	$1.89 to $1.99	5
Q3 FY27	$8.2B	$8B to $8.3B	$2.06	$2.00 to $2.11	5
Q4 FY27	$8.3B	$8.1B to $8.5B	$2.13	$2.06 to $2.18	5
Q1 FY28	$8.4B	$8.2B to $8.6B	$2.13	$2.06 to $2.18	6
Q2 FY28	$8.7B	$8.5B to $8.8B	$2.27	$2.20 to $2.32	6
Q3 FY28	$8.9B	$8.7B to $9B	$2.37	$2.30 to $2.42	6

Peers

Companies in Financial - Capital Markets nearest Charles Schwab's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
SCHWCharles Schwab	$156.6B	15.5×	25.0×	12.1×	n/m	+18%	39.3%
GSGoldman Sachs	$255B	12.6×	13.6×	12.1×	n/m	+19%	31.8%
MSMorgan Stanley	$281.9B	14.2×	13.7×	13.4×	n/m	+16%	25.5%
HOODRobinhood Markets	$85.5B	41.9×	51.8×	37.3×	n/m	+38%	42.0%
TWTradeweb Markets	$28.7B	29.3×	56.1×	28.3×	n/m	+14%	40.7%
LPLALPL Financial	$24.9B	25.2×	21.1×	11.7×	n/m	+39%	5.1%
CRCLCircle Internet	$21.8B	54.0×	54.4×	n/m	n/m	+37%	15.5%
Peer median	$57.1B	27.2×	36.4×	13.4×	n/a	+28%	28.7%