The Charles Schwab Corporation (SCHW) Income Statement Analysis

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Complete financial analysis of The Charles Schwab Corporation (SCHW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Charles Schwab Corporation, a leading company in the Financial – Capital Markets industry within the Financial Services sector.

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The Charles Schwab Corporation (SCHW)

Industry: Financial - Capital Markets

Sector: Financial Services

Website: https://www.schwab.com

About The Charles Schwab Corporation

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984
Revenue	18.84B	20.76B	18.52B	11.69B	10.72B	10.13B	8.62B	7.47B	6.37B	6.05B	5.43B	4.90B	4.74B	4.11B	4.29B	5.15B	4.99B	4.31B	4.46B	4.20B	4.09B	4.14B	4.35B	5.79B	3.94B	2.74B	2.30B	1.85B	1.42B	1.06B	965.00M	749.50M	569.50M	387.40M	345.90M	0.00	0.00	257.00M	160.00M	112.00M
Cost of Revenue	8.63B	3.17B	2.24B	1.58B	2.09B	1.57B	1.03B	798.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	10.21B	17.59B	16.28B	10.12B	8.63B	8.56B	7.59B	6.68B	6.37B	6.05B	5.43B	4.90B	4.74B	4.11B	4.29B	5.15B	4.99B	4.31B	4.46B	4.20B	4.09B	4.14B	4.35B	5.79B	3.94B	2.74B	2.30B	1.85B	1.42B	1.06B	965.00M	749.50M	569.50M	387.40M	345.90M	0.00	0.00	257.00M	160.00M	112.00M
Gross Profit Ratio	54.20%	84.72%	87.90%	86.52%	80.52%	84.47%	88.04%	89.32%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	0.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.42	0.41	0.36	0.41	0.42	0.41	0.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	6.32B	5.94B	6.31B	4.47B	3.70B	3.49B	3.15B	2.70B	2.47B	2.41B	2.25B	2.02B	1.95B	2.10B	1.75B	1.67B	1.78B	1.62B	1.90B	1.88B	1.77B	1.85B	1.88B	2.41B	1.62B	1.16B	961.80M	766.30M	594.10M	437.10M	392.80M	306.60M	234.40M	155.10M	130.70M	0.00	0.00	168.00M	124.00M	104.00M
Selling & Marketing	397.00M	419.00M	485.00M	326.00M	307.00M	313.00M	268.00M	265.00M	249.00M	245.00M	257.00M	241.00M	228.00M	196.00M	191.00M	243.00M	230.00M	189.00M	178.00M	184.00M	139.00M	211.00M	246.00M	332.31M	241.90M	155.00M	129.60M	84.00M	52.80M	106.70M	40.70M	33.80M	25.20M	19.90M	18.40M	0.00	0.00	0.00	0.00	0.00
SG&A	6.71B	6.36B	6.80B	4.80B	4.00B	3.80B	3.42B	2.97B	2.72B	2.65B	2.50B	2.26B	2.18B	2.30B	1.94B	1.91B	2.01B	1.81B	2.08B	2.06B	1.91B	2.07B	2.12B	2.75B	1.87B	1.32B	1.09B	850.30M	646.90M	543.80M	433.50M	340.40M	259.60M	175.00M	149.10M	0.00	0.00	168.00M	124.00M	104.00M
Other Expenses	0.00	-16.18B	-17.60B	-12.19B	-9.88B	1.27B	1.11B	1.14B	1.04B	980.00M	926.00M	895.00M	850.00M	891.00M	752.00M	996.00M	962.00M	882.00M	371.00M	-5.47B	-5.05B	-5.68B	-5.29B	-5.95B	-4.07B	-2.83B	-2.40B	-1.88B	-1.43B	-1.19B	-1.07B	-784.20M	-515.40M	-294.80M	-254.50M	7.40M	8.20M	9.00M	7.00M	6.00M
Operating Expenses	8.91B	-9.83B	-10.81B	-7.39B	-5.87B	5.07B	4.52B	4.11B	3.76B	3.63B	3.43B	3.16B	3.03B	3.19B	2.69B	2.91B	2.97B	2.69B	2.45B	-3.41B	-3.14B	-3.61B	-3.17B	-3.20B	-2.21B	-1.51B	-1.31B	-1.03B	-785.60M	-642.10M	-633.00M	-443.80M	-255.80M	-119.80M	-105.40M	7.40M	8.20M	177.00M	131.00M	110.00M
Cost & Expenses	8.91B	-9.83B	-10.81B	-7.39B	-5.87B	5.07B	4.52B	4.11B	3.76B	3.63B	3.43B	3.16B	3.03B	3.19B	2.69B	2.91B	2.97B	2.69B	2.45B	-3.41B	-3.14B	-3.61B	-3.17B	-3.20B	-2.21B	-1.51B	-1.31B	-1.03B	-785.60M	-642.10M	-633.00M	-443.80M	-255.80M	-119.80M	-105.40M	7.40M	8.20M	190.00M	139.00M	110.00M
Interest Income	16.11B	12.23B	8.51B	6.53B	7.58B	6.68B	4.62B	3.49B	2.66B	2.37B	2.09B	1.91B	1.90B	1.72B	1.43B	1.91B	2.27B	2.11B	1.94B	1.21B	970.00M	1.19B	1.86B	2.59B	1.47B	1.13B	900.10M	680.90M	568.10M	362.90M	252.20M	251.00M	302.20M	309.50M	272.90M	0.00	0.00	0.00	0.00	0.00
Interest Expense	6.68B	1.55B	476.00M	418.00M	1.06B	857.00M	342.00M	171.00M	132.00M	102.00M	105.00M	150.00M	175.00M	398.00M	183.00M	243.00M	623.00M	679.00M	687.00M	277.00M	241.00M	345.00M	928.00M	1.35B	768.40M	651.90M	546.50M	425.90M	357.20M	198.20M	132.40M	159.50M	225.60M	238.50M	207.30M	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	1.34B	12.27B	10.89B	7.52B	6.91B	6.18B	5.15B	4.54B	224.00M	199.00M	202.00M	196.00M	155.00M	146.00M	159.00M	152.00M	156.00M	157.00M	208.00M	226.00M	284.00M	321.00M	404.00M	310.90M	156.70M	138.50M	124.70M	98.30M	68.70M	54.60M	44.40M	40.50M	51.90M	49.10M	52.50M	44.00M	38.00M	10.00M	0.00	0.00
EBITDA	10.62B	11.29B	9.27B	5.19B	5.22B	5.11B	4.08B	3.32B	2.52B	2.32B	1.99B	1.78B	1.69B	1.37B	1.59B	2.28B	2.05B	1.66B	1.72B	1.36B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	51.40M	46.20M	76.00M	20.00M	2.00M
EBITDA Ratio	56.36%	58.67%	47.93%	41.95%	48.47%	56.50%	49.44%	45.47%	41.37%	39.91%	37.03%	36.66%	36.33%	32.17%	37.71%	46.70%	78.47%	61.45%	46.48%	24.27%	30.22%	20.46%	36.48%	50.01%	48.07%	49.96%	48.66%	49.61%	49.51%	44.81%	39.01%	46.19%	64.20%	81.75%	84.71%	0.00%	0.00%	29.57%	12.50%	1.79%
Operating Income	9.93B	10.93B	7.71B	4.30B	4.85B	5.42B	3.99B	3.16B	2.41B	2.22B	1.81B	1.60B	1.57B	1.18B	1.46B	2.25B	3.76B	2.49B	1.87B	794.00M	951.00M	525.00M	1.18B	2.58B	1.74B	1.23B	993.80M	820.00M	634.30M	422.50M	332.00M	305.70M	313.70M	267.60M	240.50M	7.40M	8.20M	66.00M	20.00M	2.00M
Operating Income Ratio	52.69%	52.66%	41.65%	36.78%	45.22%	53.48%	46.32%	42.34%	37.86%	36.62%	33.31%	32.66%	33.06%	28.62%	34.00%	43.75%	75.35%	57.81%	41.82%	18.90%	23.27%	12.70%	27.20%	44.63%	44.10%	44.90%	43.23%	44.30%	44.67%	39.69%	34.40%	40.79%	55.08%	69.08%	69.53%	0.00%	0.00%	25.68%	12.50%	1.79%
Total Other Income/Expenses	-3.55B	-2.93B	11.38B	-1.80B	-889.00M	-861.00M	-768.00M	6.10B	5.46B	5.34B	4.79B	4.23B	-301.00M	3.26B	-317.00M	-255.00M	-193.00M	-186.00M	-538.00M	-717.00M	-241.00M	-357.00M	-1.05B	-1.35B	-768.40M	-651.90M	-546.50M	-425.90M	-357.20M	-198.20M	-125.70M	-159.50M	-225.60M	-238.50M	-207.30M	0.00	0.00	0.00	0.00	0.00
Income Before Tax	6.38B	9.39B	7.71B	4.30B	4.85B	4.56B	3.65B	2.99B	2.28B	2.12B	1.71B	1.45B	1.39B	779.00M	1.28B	2.03B	1.85B	1.48B	1.19B	645.00M	710.00M	168.00M	135.00M	1.23B	971.30M	576.60M	447.30M	394.10M	277.10M	224.30M	206.30M	146.20M	88.10M	29.10M	33.20M	0.00	0.00	66.00M	20.00M	2.00M
Income Before Tax Ratio	33.86%	45.22%	41.65%	36.78%	45.22%	45.03%	42.35%	40.05%	35.78%	34.94%	31.38%	29.60%	29.37%	18.94%	29.74%	39.38%	37.10%	34.25%	26.55%	15.35%	17.37%	4.06%	3.10%	21.28%	24.62%	21.07%	19.46%	21.29%	19.52%	21.07%	21.38%	19.51%	15.47%	7.51%	9.60%	0.00%	0.00%	25.68%	12.50%	1.79%
Income Tax Expense	1.31B	2.21B	1.86B	1.00B	1.14B	1.06B	1.30B	1.10B	832.00M	794.00M	634.00M	522.00M	528.00M	325.00M	489.00M	798.00M	733.00M	585.00M	455.00M	231.00M	238.00M	71.00M	57.00M	513.34M	382.40M	228.10M	177.00M	160.30M	104.50M	89.00M	81.90M	65.00M	38.60M	12.30M	14.30M	0.00	0.00	34.00M	9.00M	1.00M
Net Income	5.07B	7.18B	5.86B	3.30B	3.70B	3.51B	2.35B	1.89B	1.45B	1.32B	1.07B	928.00M	864.00M	454.00M	787.00M	1.21B	2.41B	1.23B	725.00M	286.00M	472.00M	109.00M	199.00M	718.14M	588.90M	348.50M	270.30M	233.80M	172.60M	135.30M	117.70M	81.20M	49.50M	16.80M	18.90M	7.40M	8.20M	32.00M	11.00M	1.00M
Net Income Ratio	26.90%	34.60%	31.61%	28.22%	34.55%	34.61%	27.31%	25.28%	22.72%	21.82%	19.71%	18.94%	18.23%	11.04%	18.34%	23.53%	48.20%	28.48%	16.24%	6.81%	11.55%	2.64%	4.57%	12.41%	14.93%	12.74%	11.76%	12.63%	12.16%	12.71%	12.20%	10.83%	8.69%	4.34%	5.46%	0.00%	0.00%	12.45%	6.88%	0.89%
EPS	2.55	3.52	2.84	2.13	2.69	2.60	1.76	1.43	1.10	1.01	0.83	0.73	0.70	0.38	0.68	1.06	1.99	0.95	0.55	0.21	0.35	0.08	0.14	0.53	0.48	0.29	0.23	0.20	0.15	0.08	0.09	0.07	0.05	0.02	0.02	0.01	0.01	0.03	0.01	0.00
EPS Diluted	2.54	3.50	2.83	2.12	2.67	2.58	1.74	1.42	1.09	1.00	0.83	0.73	0.70	0.38	0.68	1.05	1.97	0.95	0.55	0.21	0.35	0.08	0.14	0.51	0.47	0.28	0.22	0.19	0.14	0.08	0.09	0.07	0.05	0.02	0.02	0.01	0.01	0.03	0.01	0.00
Weighted Avg Shares Out	1.82B	1.89B	1.89B	1.43B	1.31B	1.35B	1.34B	1.32B	1.32B	1.30B	1.29B	1.27B	1.23B	1.19B	1.16B	1.15B	1.21B	1.29B	1.31B	1.34B	1.34B	1.36B	1.37B	1.36B	1.21B	1.19B	1.18B	1.17B	1.16B	1.72B	1.31B	1.16B	990.00M	850.00M	945.00M	1.15B	820.00M	1.03B	1.03B	1.03B
Weighted Avg Shares Out (Dil)	1.83B	1.89B	1.90B	1.44B	1.32B	1.36B	1.35B	1.33B	1.33B	1.32B	1.29B	1.28B	1.23B	1.19B	1.16B	1.16B	1.22B	1.29B	1.31B	1.37B	1.36B	1.38B	1.40B	1.40B	1.26B	1.23B	1.23B	1.21B	1.20B	1.77B	1.31B	1.16B	990.00M	850.00M	945.00M	1.15B	820.00M	1.03B	1.03B	1.03B

Charles Schwab: Solid Investment Setup

October 16, 2024seekingalpha.com

Charles Schwab shares surged over 6% after reporting better-than-expected Q3 earnings, showcasing robust, mid-single digit top line momentum. The brokerage achieved $1.41B in earnings with a 25% Y/Y growth rate and expanded profit margins, driven by a growing asset base....

Charles Schwab: Steady Performance, But Is There More to Come?

October 16, 2024marketbeat.com

Charles Schwab NYSE: SCHW had a solid quarter, outpacing expectations and issuing favorable guidance. Still, its stock price may only increase slightly because of the analyst and sell-side activity this year.

Charles Schwab customers want professional help investing — and the brokerage is profiting

October 15, 2024marketwatch.com

The brokerage said it is seeing increased inflows into its wealth-management offerings.

Why Charles Schwab Stock Was Moving Higher Today

October 15, 2024fool.com

Better-than-expected earnings results drove the stock higher today.

The Charles Schwab Corporation (SCHW) Q3 2024 Earnings Call Transcript

October 15, 2024seekingalpha.com

The Charles Schwab Corporation (NYSE:SCHW ) Q3 2024 Earnings Conference Call October 15, 2024 8:30 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter W. Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Michael...