A Business at a Glance
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General 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).
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Asset management and administration fees | $4.27B | $4.22B | $4.76B | $5.72B | $6.51B | 29% |
Trading revenue | $4.15B | $3.67B | $3.23B | $3.26B | $3.92B | 18% |
Mutual funds, ETFs, and CTFs | $1.96B | $2.06B | $2.56B | $3.22B | $3.67B | 17% |
Managed investing solutions | — | $1.85B | $1.87B | $2.13B | $2.44B | 11% |
Order flow revenue | $2.05B | $1.74B | $1.40B | $1.48B | $1.93B | 9% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 23.9B | 23.9B | 19.6B | 18.8B | 20.8B | 18.5B |
| Net Income | 8.4B | 8.4B | 5.5B | 4.6B | 6.6B | 5.4B |
| EPS | $4.65 | $4.65 | $2.99 | $2.54 | $3.50 | $2.83 |
| Free Cash Flow | 8.8B | 8.8B | 2.0B | 18.9B | 1.1B | 1.2B |
| ROIC | 26.9% | 11.8% | 7.7% | 6.9% | 11.6% | 7.1% |
| Gross Margin | 72.9% | 72.9% | 69.2% | 66.5% | 71.4% | 70.6% |
| Debt/Equity | 0.59 | 0.59 | 0.59 | 0.80 | 1.03 | 0.42 |
| Dividends/Share | $1.29 | $1.08 | $1.00 | $1.00 | $0.84 | $0.72 |
| Operating Income | 11.5B | 11.5B | 7.7B | 6.4B | 9.4B | 7.7B |
| Operating Margin | 47.9% | 47.9% | 39.2% | 33.9% | 45.2% | 41.6% |
| ROE | 17.0% | 17.2% | 11.3% | 11.4% | 18.1% | 9.5% |
| Shares Outstanding | 1,810M | 1,810M | 1,832M | 1,830M | 1,896M | 1,894M |
SCHWAB CHARLES CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
SCHWAB CHARLES CORP trades at 20.8x trailing earnings, compared to its 15-year median P/E of 24.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.4x vs a median of 11.4x. The company's 5-year average ROIC is 9.0% with a gross margin of 70.1%. Total shareholder yield (dividends + buybacks) is 5.5%. At current prices, the estimated annualized return to fair value is -3.7%.
SCHWAB CHARLES CORP (SCHW) has a current P/E ratio of 20.8, compared to its historical median P/E of 24.0. The stock is currently considered Fair based on its historical valuation range.
SCHWAB CHARLES CORP (SCHW) has a 5-year average return on invested capital (ROIC) of 9.0%. This is below average and may indicate limited pricing power.
SCHWAB CHARLES CORP (SCHW) has a market capitalization of $175.2B. It is classified as a large-cap stock.
Yes, SCHWAB CHARLES CORP (SCHW) pays a dividend with a trailing twelve-month yield of 1.33%. The company also returns capital through share buybacks, with a buyback yield of 4.19%.
Based on historical P/E analysis, SCHWAB CHARLES CORP (SCHW) appears fair. The current P/E of 20.8 is 13% below its historical median of 24.0. The estimated fair value CAGR (P/E method) is 6.1%.
SCHWAB CHARLES CORP (SCHW) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
SCHWAB CHARLES CORP (SCHW) reported annual revenue of $23.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
SCHWAB CHARLES CORP (SCHW) has a net profit margin of 35.2%. This is a strong margin indicating high profitability.
SCHWAB CHARLES CORP (SCHW) generated $8.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SCHWAB CHARLES CORP (SCHW) has a debt-to-equity ratio of 0.59. This indicates moderate leverage.
SCHWAB CHARLES CORP (SCHW) reported earnings per share (EPS) of $4.65 in its most recent fiscal year.
SCHWAB CHARLES CORP (SCHW) has a return on equity (ROE) of 17.2%. This indicates the company generates strong returns for shareholders.
SCHWAB CHARLES CORP (SCHW) has a 5-year average gross margin of 70.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for SCHWAB CHARLES CORP (SCHW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SCHWAB CHARLES CORP (SCHW) has a book value per share of $27.31, based on its most recent annual SEC filing.
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