SCHW Financial Services

The Charles Schwab Corporation

$89.28+0.64%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: United States
Market cap: 154.4B USD
Full-time employees: 33,700

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #768 of 791 banks & insurance companies (bottom 4%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Nothing unusual stands out. Its strongest area is growth (22/100).
None of our checks flag anything unusual in Charles Schwab's latest figures; its strongest area is growth, at 22 out of 100.

StockQuotient Score

11/ 100

Oct 5 11 → Nov 4 11

Valuation

Is the price right?

2/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield32.5%

SEC filings · latest balance sheetReported value40% base weight · Z-score -1.65Sector median: 0.7950 · MAD: 0.2843

Earnings yield0.8%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -2.80Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield7.0%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

22/100

Weak

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 4.9%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth-2.4%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score -1.03Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth7.8%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth20.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

8/100

Weak

2/2 inputs reported · High confidence

Since last quarter: ▲ Stronger

Net margin rose 2.5 points to 4.8%

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets0.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.49Sector median: 0.0117 · MAD: 0.0062

Return on equity2.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -2.12Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Charles Schwab

Is Charles Schwab getting weaker?: Its latest SEC filing (Aug 7, 2026) got stronger: net margin rose 2.5 points to 4.8%. Its overall score is unchanged at 11/100 since Oct 28, 2026.
How is Charles Schwab valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 2/100 against 950 banks & insurance peers. Earnings yield 0.8% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 0.8% vs peers 7.9% (weaker than 94% of peers).
Is Charles Schwab growing?: More slowly than most of its peers. Growth scores 22/100 against 950 banks & insurance peers. Earnings per share growth -2.4% vs a peer median of 16.0% (weaker than 78% of peers).Earnings per share growth -2.4% vs peers 16.0% (weaker than 78% of peers).
How profitable is Charles Schwab?: Less profitable than most of its peers. Profitability scores 8/100 against 950 banks & insurance peers. Return on assets 0.2% vs a peer median of 1.2% (weaker than 91% of peers).Return on assets 0.2% vs peers 1.2% (weaker than 91% of peers).
How risky is Charles Schwab?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Net margin rose 2.5 points to 4.8%

Worth watching: Charles Schwab is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	24.8B USD	26.0B USD	+4.9%
Net income (12 months)	578.9M USD	1.3B USD	+116.4%
Free cash flow (12 months)	9.7B USD	10.8B USD	+11.0%
Debt	33.0B USD	36.6B USD	+11.0%
Cash	45.0B USD	40.6B USD	−9.8%
Shares outstanding	1.74B	1.73B	−0.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Capital Markets · 24 companies

Valuations in Capital Markets are above their usual range since Nov 2016.

62% of months since Nov 2016 were valued lower than now.
56% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +34% and earnings +87% (medians): earnings grew faster than prices.
Median price-to-book is +21% vs the whole market, against a usual +28%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	31.6%	34.6%	26.9%	30.3%	37.0%	▲ 6.7 pts
Return on assets (ROA)	0.9%	1.3%	1.0%	1.2%	1.8%	▲ 0.6 pts
Return on equity (ROE)	10.4%	19.6%	12.4%	12.3%	17.9%	▲ 5.6 pts
Debt to equity	0.42×	1.03×	0.64×	0.46×	0.49×	▲ 5.2%

SCHW price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #768 of 791 banks & insurance companies (bottom 4%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Questions investors ask about Charles Schwab

Is Charles Schwab getting weaker?

Its latest SEC filing (Aug 7, 2026) got stronger: net margin rose 2.5 points to 4.8%. Its overall score is unchanged at 11/100 since Oct 28, 2026.

How is Charles Schwab valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 2/100 against 950 banks & insurance peers. Earnings yield 0.8% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 0.8% vs peers 7.9% (weaker than 94% of peers).

Is Charles Schwab growing?

More slowly than most of its peers. Growth scores 22/100 against 950 banks & insurance peers. Earnings per share growth -2.4% vs a peer median of 16.0% (weaker than 78% of peers).Earnings per share growth -2.4% vs peers 16.0% (weaker than 78% of peers).

How profitable is Charles Schwab?

Less profitable than most of its peers. Profitability scores 8/100 against 950 banks & insurance peers. Return on assets 0.2% vs a peer median of 1.2% (weaker than 91% of peers).Return on assets 0.2% vs peers 1.2% (weaker than 91% of peers).

How risky is Charles Schwab?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

24.8B USD

26.0B USD

+4.9%

Net income (12 months)

578.9M USD

1.3B USD

+116.4%

Free cash flow (12 months)

9.7B USD

10.8B USD

+11.0%

Debt

33.0B USD

36.6B USD

+11.0%

Cash

45.0B USD

40.6B USD

−9.8%

Shares outstanding

1.74B

1.73B

−0.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

31.6%

34.6%

26.9%

30.3%

37.0%

▲ 6.7 pts

Return on assets (ROA)

0.9%

1.3%

1.0%

1.2%

1.8%

▲ 0.6 pts

Return on equity (ROE)

10.4%

19.6%

12.4%

12.3%

17.9%

▲ 5.6 pts

Debt to equity

0.42×

1.03×

0.64×

0.46×

0.49×

▲ 5.2%