The Charles Schwab Corporation

SCHW Financial Capital Markets

The Charles Schwab Corporation’s revenue for fiscal 2025 (year ended December 2025) was $23.9 billion, up 22.0% from fiscal 2024. In the quarter to September 2026, revenue grew 16.9%, EPS grew 33.5%, free cash flow grew 35.0% and total debt rose 12.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

91.96 2.20 −2.34%
Market cap
$162.8B
P/E
15.5×
Fwd P/E
15.1×
Dividend yield
1.34%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The Charles Schwab Corporation (SCHW) Net margin

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The Charles Schwab Corporation's net margin over the twelve months to 30 September 2026 was 37.9%, up 2.7 percentage points from fiscal 2025 (35.2%). Over the past ten years it has ranged from 21.4% (fiscal 2015) to 35.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Capital Markets industry median of −0.55% and above the Financial sector median of 13.5%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 35.2% 7.25
FY2024 27.9% 3.26
FY2023 24.7% (7.28)
FY2022 32.0% 3.02
FY2021 28.9% 2.91
FY2020 26.0% (6.86)
FY2019 32.9% 0.03
FY2018 32.9% 7.56
FY2017 25.3% 1.95
FY2016 23.4% 1.97

Quarterly newest first

Period Net margin Change (points)
Sep 2026 39.2% 1.29
Jun 2026 37.9% 0.93
Mar 2026 37.0% (0.38)
Dec 2025 37.4% 0.25
43 more quarters

Against its own ten years

Low 21.4% High 35.2%
Ten-year median 27.9%
Current reading's percentile 100

Net margin against peers

Company Net margin
HOOD Robinhood Markets, Inc. compare 42.0%
TW Tradeweb Markets Inc. compare 40.7%
SCHW The Charles Schwab Corporation 37.9%
GS The Goldman Sachs Group, Inc. compare 30.6%
IBKR Interactive Brokers Group, Inc. compare 16.4%
CRCL Circle Internet Group, Inc. compare 15.5%
MS Morgan Stanley compare 15.2%
NMR Nomura Holdings Inc ADR compare 8.90%
LPLA LPL Financial Holdings Inc. compare 5.13%
Capital Markets industry median −0.55%
Financial sector median 13.5%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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