The Charles Schwab CorporationSCHW
NYSE•Financial Services•Capital Markets
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including money market funds, and certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It provides digital and software based trading platforms; research tools, and multichannel support, real-time market data, options trading; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
Charles Schwab Corporation (The (SCHW) reported trailing twelve months revenue of $24.80B as of March 2026, a 21.2% increase year-over-year. Quarterly revenue reached $6.48B, reflecting continued top-line momentum.
Charles Schwab Corporation (The generated $9.42B in TTM net income, with quarterly EBITDA of $3.39B. The operating margin expanded from 43.8% to 49.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (49.2%) and net margin (38.2%) indicates moderate non-operating costs. Net margin has improved from 34.1% a year ago, signaling stronger bottom-line efficiency.
SCHW trades at a P/E of 17.2x (in line with broad market averages) and a P/S of 6.6x. The price-to-book ratio of 3.3x reflects a moderate premium to book value.
The company generated $7.20B in free cash flow over the trailing twelve months, a 15.4% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $493.32B in total assets with $20.49B in long-term debt against $49.23B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~44.9%, suggesting durable pricing power and cost discipline.
ROE is positive at ~14.5% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~34.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~49.1% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 4.5% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation