The Charles Schwab Corporation

SCHW

The Charles Schwab Corporation

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for The Charles Schwab Corporation.

R40: 79 · 2026 Q2 $183.10B
$104.63
About

The Charles Schwab Corporation provides wealth-management, securities-brokerage, banking, asset-management, custody, and financial-advisory services. Clients include individual investors, independent advisors, employers, and institutions. Products include brokerage and retirement accounts, advice solutions, banking deposits, and trading.

History ↓ Leadership ↓

News

Coverage

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Open SCHW Rule of 40 details
Median 54.9 Above 40 0–40 Below 0
n/m
Q3
n/m
2024 Q4
n/m
Q1
77
Q2
33
Q3
4
2025 Q4
n/m
Q1
79
2026 Q2 40 0 Mix
ANALYST RATINGS
Buy $133
Consensus as of Jul 22, 2026
SCHW
Morgan Stanley Overweight $133
Reiterated
2026-07-22

See all 1 ratings →

Forward model

Where the revenue goes next

SCHW FORWARD MODEL $104.63 unreliable
Revenue

Latest: $7.07B (2026Q2)

Period Value
2023Q1 $5.12B
2023Q2 $4.66B
2023Q3 $4.61B
2023Q4 $4.46B
2024Q1 $4.74B
2024Q2 $4.69B
2024Q3 $4.85B
2024Q4 $5.33B
2025Q1 $5.60B
2025Q2 $5.85B
2025Q3 $6.13B
2025Q4 $6.34B
2026Q1 $6.48B
2026Q2 $7.07B
EPS

Latest: $1.62 (2026Q2)

Period Value
2023Q1 $0.93
2023Q2 $0.75
2023Q3 $0.77
2023Q4 $0.68
2024Q1 $0.74
2024Q2 $0.73
2024Q3 $0.77
2024Q4 $1.01
2025Q1 $1.04
2025Q2 $1.14
2025Q3 $1.31
2025Q4 $1.39
2026Q1 $1.43
2026Q2 $1.62
P/E Ratio

Latest: 16.8 (2026Q2)

Period Value
2023Q1 14.3
2023Q2 16.5
2023Q3 18.3
2023Q4 27.1
2024Q1 30.3
2024Q2 30.6
2024Q3 25.3
2024Q4 24.8
2025Q1 23.7
2025Q2 24.5
2025Q3 22.4
2025Q4 21.5
2026Q1 18.6
2026Q2 16.8
Free Cash Flow

Latest: $4.12B (2026Q2)

Period Value
2023Q1 $9.62B
2023Q2 −$5.46B
2023Q3 −$5.25B
2023Q4 $19.97B
2024Q1 −$1.50B
2024Q2 −$4.34B
2024Q3 $18.97B
2024Q4 −$11.08B
2025Q1 $6.24B
2025Q2 $3.05B
2025Q3 $393M
2025Q4 −$921M
2026Q1 $7.20B
2026Q2 $4.12B
Shares

Latest: 1.73B (2026Q2)

Period Value
2019Q1 1.34B
2019Q2 1.31B
2019Q3 1.28B
2020Q1 1.29B
2020Q2 1.29B
2020Q3 1.29B
2021Q1 1.89B
2021Q2 1.90B
2021Q3 1.90B
2022Q1 1.91B
2022Q2 1.90B
2022Q3 1.90B
2023Q1 1.84B
2023Q2 1.82B
2023Q3 1.83B
2024Q1 1.83B
2024Q2 1.83B
2024Q3 1.83B
2025Q1 1.82B
2025Q2 1.82B
2025Q3 1.81B
2025Q4 1.78B
2026Q1 1.75B
2026Q2 1.73B
Cumulative FCF

Latest: $41.02B (2026Q2)

Period Value
2023Q1 $9.62B
2023Q2 $4.16B
2023Q3 −$1.09B
2023Q4 $18.89B
2024Q1 $17.39B
2024Q2 $13.05B
2024Q3 $32.02B
2024Q4 $20.94B
2025Q1 $27.18B
2025Q2 $30.23B
2025Q3 $30.62B
2025Q4 $29.70B
2026Q1 $36.90B
2026Q2 $41.02B
Earnings coverage

Latest earnings

See all SCHW earnings → Investor relations →

Background

Company History

Exchange
NYSE
IPO Date
Sep 22, 1987
Shares Outstanding
1.75B
1971
Founding

Charles R. Schwab founds the company as a traditional brokerage.

1975
Discount Brokerage Pioneer

Becomes one of the first discount brokers following deregulation of stock commissions.

2019
Zero-Commission Trading

Eliminates trading commissions, reshaping the retail brokerage industry.

2020
TD Ameritrade Acquisition

Completes its acquisition of TD Ameritrade, becoming one of the largest brokerages by client assets.

Leadership

Key Players

Related

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Institutional

Funds we follow holding SCHW

By latest reported 13F position value. Market value at quarter-end, not cost basis.