Charles Schwab (SCHW)
Financials · $174B market cap · SEC CIK 0000316709
fundamentals score out of 100
Next reports on Oct 15, 2026, before the open, with analysts expecting $1.70 in earnings per share.
The case for SCHW
- 34% of revenue drops through to net profit.
- Revenue growing 11.2% year over year.
- Earnings per share up 43.3%.
- Reasonably priced at 17.3× earnings.
- A PEG of 0.40: a P/E of 17.3× is low for EPS growing 43%.
- Has compounded revenue at 18.0% a year over five years.
The case against
- Weakest against its peers: price/sales of 5.9× is higher than 82% of Financials companies.
- Its weakest area is value (46/100): 17.3× earnings, 5.9× sales.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 46 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 84 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 88 |
| Momentumhow the price has behaved lately | 66 |
| Stabilityhow violently it moves, what it owes and what it pays you | 73 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 17.3× |
|---|---|
| Price / book | 3.32× |
| Price / sales | 5.9× |
| Revenue growth (YoY) | +11.2% |
| EPS growth (YoY) | +43.3% |
| Gross margin | 88% |
| Operating margin | 44% |
| Net margin | 34% |
| Return on equity | 19% |
| Debt / equity | 5.81× |
| Current ratio | 0.37 |
| Dividend yield | 1.77% |
| Beta | 0.75 |
| 52-week range | $83.96 – $114.53 |
| Position in that range | 54% of the way up |
| 3-month return | +16.6% |
| 1-year return | +13.3% |
Five years of financials, as filed
Pulled from Charles Schwab's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $23.9B | $19.6B | $18.8B | $20.8B | $18.5B |
| Net income | $8.9M | $5.9M | $5.1M | $7.2M | $5.9M |
| Operating cash flow | $9.3B | $2.7B | $19.6B | $2.1B | $2.1B |
| Capital expenditure | $548M | $620M | $700M | $971M | $916M |
| Total assets | $491B | $480B | $493B | $552B | $667B |
| Total liabilities | $442B | $431B | $452B | $515B | $611B |
| Shareholder equity | $49.4B | $48.4B | $41.0B | $36.6B | $56.3B |
| Cash | $46.0B | $42.1B | $43.3B | $40.2B | $63.0B |
| Long-term debt | — | — | — | — | $18.9B |
| Free cash flow | $8.8B | $2.0B | $18.9B | $1.1B | $1.2B |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Diluted shares | 1.8B | 1.8B | 1.8B | 1.9B | 1.9B |
Share count is down 4.6% over 4 years. Buybacks have been shrinking the pie.
What Charles Schwab says it does
Corporate Overview The Charles Schwab Corporation (CSC) is a savings and loan holding company. CSC engages, through its subsidiaries (collectively referred to as Schwab or the Company), in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. At December 31, 2025, Schwab had $11.90 trillion in client assets, 38.5 million active brokerage accounts, 5.7 million workplace plan participant accounts, and 2.2 million banking accounts. Principal business subsidiaries of CSC include the following: • Charles Schwab & Co., Inc. (CS&Co), incorporated in 1971, a securities broker-dealer; • Charles Schwab Bank, SSB (CSB), our principal banking entity; and • Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab’s proprietary mutual funds (Schwab Funds ® ) and for Schwab’s exchange-traded funds (Schwab ETFs). Unless otherwise indicated, the…
Risk factors SCHW lists in its 10-K
- Developments in the business, economic, and geopolitical environment could negatively impact our business
- A significant change in client cash allocations could negatively impact our income
- Significant interest rate changes could affect our profitability
- A significant decrease in our liquidity could negatively affect our business as well as reduce client confidence in us
- Security breaches of our systems, or those of our clients or third parties, may subject us to significant liability and damage our reputation
- Technology and operational failures or errors and other operational risks could subject us to losses, litigation, regulatory actions, and reputational damage
- Our investment management operations may subject us to fiduciary or other legal liability for client losses
- We may suffer financial loss from fraud and financial crime
- We may suffer significant losses from our credit exposures
- Extensive regulatory supervision of our businesses may subject us to significant penalties
- or limitations on business activities
- Legislation or changes in rules and regulations could negatively affect our business and financial results
- Failure to meet capital adequacy and liquidity guidelines could affect our financial condition
- We are subject to litigation and regulatory investigations and proceedings and may not be successful in defending against claims or proceedings