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.

Revenue
+16.9%
EPS
+29.4%
Free cash flow
+35.0%
Total debt
+12.2%

Quarter to September 2026, against a year earlier

91.44 1.14 −1.23%
Market cap
$160.1B
P/E
15.5×
Fwd P/E
14.2×
Dividend yield
1.35%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The Charles Schwab Corporation (SCHW) Operating margin

Alert me on Operating margin

The Charles Schwab Corporation's operating margin over the twelve months to 30 September 2026 was 56.0%, up 2.8 percentage points from fiscal 2025 (53.2%). Over the past ten years it has ranged from 41.1% (fiscal 2015) to 53.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 53.2% 7.11
FY2024 46.0% 4.39
FY2023 41.7% (8.27)
FY2022 49.9% 2.06
FY2021 47.9% 5.88
FY2020 42.0% (6.81)
FY2019 48.8% (1.19)
FY2018 50.0% 2.44
FY2017 47.5% 2.45
FY2016 45.1% 4.01

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 57.9% 0.98
Jun 2026 56.9% 3.15
Mar 2026 53.8% (1.15)
Dec 2025 54.9% 0.79
43 more quarters

Against its own ten years

Low 41.1% High 53.2%
Ten-year median 47.5%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
IBKR Interactive Brokers Group, Inc. compare 77.9%
NMR Nomura Holdings Inc ADR compare 72.0%
MS Morgan Stanley compare 59.1%
SCHW The Charles Schwab Corporation 56.0%
HOOD Robinhood Markets, Inc. compare 45.7%
TW Tradeweb Markets Inc. compare 44.1%
GS The Goldman Sachs Group, Inc. compare 40.0%
CRCL Circle Internet Group, Inc. compare 11.3%
LPLA LPL Financial Holdings Inc. compare 11.3%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on SCHW