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Charles Schwab Corp.
SCHWFinancialsGenerated Jul 5, 2026, 08:55 PM UTC
SCHW (Charles Schwab Corp.) analytical snapshot. Revenue declined +9.3% YoY to $18.84B. 5-year revenue CAGR +11.9%; 10y CAGR +13.4%. Net margin at 26.90% (contracting ▼). Market cap $168.70B at $97.00 per share. Trailing P/E 38.19, P/S 8.96, P/B 3.43. EV/Operating income ≈ 115.96 (EV $142.64B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 6 (data confidence 82%). Descriptive analytics from public filings — not investment advice.
Market cap
$168.70B
1.74B shares
Price
$97.00
NYQ
P/E (ttm)
38.19
Revenue (FY)
$18.84B
YoY -9.3%
Net margin
26.90%
▼ 1.32pp
Free cash flow
$18.89B
100.27% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -25Deteriorating
80% conf
Revenue declined +9.3% YoY to $18.84B. 5-year revenue CAGR +11.9%; 10y CAGR +13.4%. Net margin at 26.90% (contracting ▼).
- Revenue declined +9.3% YoY to $18.84B.
- 5-year revenue CAGR +11.9%; 10y CAGR +13.4%.
- Net margin at 26.90% (contracting ▼).
- Return on equity 13.84%, ROA 1.06%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Free cash flow margin 100.27% ($18.89B).
- Net income down ▼ +29.5% YoY.
- Debt/equity 0.38, current ratio —, net debt -$26.06B.
- Asset turnover 0.04 — capital efficiency.
Revenue (FY)
$18.84B
YoY -9.3%
Net margin
26.90%
▼ 1.32pp
ROE
13.84%
ROA 1.06%
ROIC
0.00%
EPS (diluted)
$2.54
FY2025
Free cash flow
$18.89B
100.27% margin
Debt / equity
0.38
Cash $44.98B
Current ratio
—
Equity $49.23B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $6.06B | — | 0.00 | 0.00 | 21.81 | — | 12.73 |
| 2017 | $6.38B | +5.3% | 0.00 | 0.00 | 22.68 | — | 12.26 |
| 2018 | $7.48B | +17.2% | 0.00 | 0.00 | 25.26 | $3.26B | 14.09 |
| 2019 | $8.62B | +15.2% | 0.00 | 0.00 | 27.31 | -$1.24B | 14.34 |
| 2020 | $10.13B | +17.6% | 0.00 | 0.00 | 34.61 | $11.89B | 18.93 |
| 2021 | $10.72B | +5.8% | 0.00 | 0.00 | 34.55 | $8.62B | 17.92 |
| 2022 | $11.69B | +9.0% | 0.00 | 0.00 | 28.22 | $6.22B | 15.17 |
| 2023 | $18.52B | +58.4% | 0.00 | 0.00 | 31.61 | $1.20B | 10.44 |
| 2024 | $20.76B | +12.1% | 0.00 | 0.00 | 34.60 | $1.09B | 12.77 |
| 2025 | $18.84B | -9.3% | 0.00 | 0.00 | 26.90 | $18.89B | 13.84 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $5.60B | +18.1% | — | 34.10% |
| Jun 30, 2025 | $11.45B | +21.4% | +104.5% | 35.24% |
| Jun 30, 2025 | $5.85B | -38.0% | -48.9% | 68.96% |
| Sep 30, 2025 | $17.59B | +23.2% | +200.5% | 36.35% |
| Sep 30, 2025 | $6.13B | -57.0% | -65.1% | 104.21% |
| Mar 31, 2026 | $6.48B | +15.8% | +5.7% | 38.24% |
Revenue (annual, SEC 10-K)
2016: 6,058
2017: 6,380
2018: 7,478
2019: 8,618
2020: 10,132
2021: 10,721
2022: 11,691
2023: 18,520
2024: 20,762
2025: 18,837
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 0
2018: 3,257
2019: -1,239
2020: 11,886
2021: 8,617
2022: 6,221
2023: 1,202
2024: 1,086
2025: 18,887
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 25, 2026. Latest quarterly report (10-Q) filed May 8, 2026. 8 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 25, 2026.
- Latest quarterly report (10-Q) filed May 8, 2026.
- 8 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Charles Schwab Corp.; broad institutional reporting.
- Recent filers include VIMA LLC, ONYX CAPITAL MANAGEMENT LLC, BANKERS TRUST CO /IA/.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 25, 2026
Annual report
Latest 10-Q
May 8, 2026
8-K (recent)
8
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| VIMA LLC | 13F-HR | May 17, 2024 |
| ONYX CAPITAL MANAGEMENT LLC | 13F-HR | Feb 15, 2001 |
| BANKERS TRUST CO /IA/ | 13F-HR | Jun 5, 2003 |
| BANKERS TRUST CO /IA/ | 13F-HR | Jul 3, 2003 |
| Artemis Advisors, LLC | 13F-HR | Oct 18, 2006 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 29, 2026 | 8-K | 8-K |
| Jun 1, 2026 | 8-K | 8-K |
| May 22, 2026 | 8-K | 8-K |
| May 21, 2026 | 8-K | 8-K |
| Apr 22, 2026 | 8-K | 8-K |
| Apr 16, 2026 | 8-K | 8-K |
| Mar 2, 2026 | 8-K | 8-K |
| Jan 29, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -50Deteriorating
64% conf
4 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Revenue grew -9.3% but receivables grew +2.2% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +2.2% YoY vs revenue growth of -9.3%. The +11.5% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Leverage is building — debt rising while equity contracts: Long-term debt grew +83.5% while stockholders equity declined -34.9%. The debt-to-equity ratio is deteriorating, increasing financial risk and interest burden. This may constrain future borrowing capacity.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 19 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 3.87x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Revenue grew -9.3% but receivables grew +2.2% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
- 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Going concern doubt.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$18.84B
-9.3% YoY
Operating income
$1.23B
+9.8% YoY
Net income
$5.07B
-29.5% YoY
Operating cash flow
$19.59B
+852.2% YoY
Capex
$700.0M
-27.9% YoY
Total assets
$479.84B
-2.7% YoY
Total liabilities
$431.47B
-4.6% YoY
Long-term debt
$13.63B
+83.5% YoY
Filing quality score
75/100
6 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $20.76B | $18.84B | $-1.93B | -9.3% |
| Operating income | $1.12B | $1.23B | $110.0M | +9.8% |
| Net income | $7.18B | $5.07B | $-2.12B | -29.5% |
| Operating cash flow | $2.06B | $19.59B | $17.53B | +852.2% |
| Capex | $971.0M | $700.0M | $-271.0M | -27.9% |
| Total assets | $493.18B | $479.84B | $-13.34B | -2.7% |
| Total liabilities | $452.22B | $431.47B | $-20.75B | -4.6% |
| Long-term debt | $7.43B | $13.63B | $6.20B | +83.5% |
| Cash & equivalents | $40.20B | $43.34B | $3.14B | +7.8% |
| Stockholders equity | $56.26B | $36.61B | $-19.65B | -34.9% |
| Accounts receivable | $451.0M | $461.0M | $10.0M | +2.2% |
| Interest expense | $418.0M | $476.0M | $58.0M | +13.9% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccountsPayableAndAccruedLiabilitiesFairValueDisclosure, AssetsFairValueDisclosure, CashAndCashEquivalentsFairValueDisclosure, LiabilitiesFairValueDisclosure, OtherAssetsFairValueDisclosure, PaymentsToAcquireBusinessesNetOfCashAcquired |
| Removed | AccruedInvestmentIncomeReceivable, CapitalizedContractCostAmortization, CapitalizedContractCostNet, CommercialPaper, ContractWithCustomerAssetNet, CurrentFederalTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield, DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 5 | 0 | NEW |
| Material weakness in internal controls | high | 19 | 2 | Ongoing |
| Impairment charge | medium | 54 | 2 | Ongoing |
| Restructuring | medium | 110 | 3 | Ongoing |
| Off-balance sheet arrangements | medium | 94 | 8 | Ongoing |
| Related party transactions | low | 10 | 0 | NEW |
Filing signal breakdown
Red flags: 4
Positive: 1
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $168.70B at $97.00 per share.
- ProPrice & TechnicalsPrice $97.00 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Charles Schwab Corp. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewMarket cap $168.70B at $97.00 per share..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Neutral
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Rate-sensitive groupHow SCHW stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Capital One Financial COF | 23 | Neutral |
| Chubb Ltd. CB | 23 | Neutral |
| U.S. Bancorp USB | 17 | Neutral |
| JPMorgan Chase & Co. JPM | 16 | Neutral |
| Prologis Inc. PLD | 14 | Neutral |
| Simon Property Group SPG | 13 | Neutral |
| American Express Co. AXP | 11 | Neutral |
| Bank of America Corp. BAC | 11 | Neutral |
| Visa Inc. V | 8 | Neutral |
| Mastercard Inc. MA | 8 | Neutral |
| Public Storage PSA | 8 | Neutral |
| Dominion Energy D | 6 | Neutral |
| Charles Schwab Corp. SCHW● you | 6 | Neutral |
| CME Group Inc. CME | 6 | Neutral |
| PNC Financial Services PNC | 4 | Neutral |
| Realty Income Corp. O | 4 | Neutral |
| Travelers Cos. TRV | 2 | Neutral |
| Duke Energy Corp. DUK | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Equity Residential EQR | 0 | Neutral |
| Wells Fargo & Co. WFC | -1 | Neutral |
| Welltower Inc. WELL | -1 | Neutral |
| Exelon Corp. EXC | -3 | Neutral |
| NextEra Energy NEE | -4 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| American International Group AIG | -5 | Neutral |
| Truist Financial TFC | -5 | Neutral |
| Digital Realty Trust DLR | -6 | Neutral |
| Allstate Corp. ALL | -7 | Neutral |
| S&P Global SPGI | -8 | Neutral |
| American Water Works AWK | -9 | Neutral |
| Goldman Sachs Group GS | -10 | Neutral |
| Citigroup Inc. C | -11 | Neutral |
| Moody's Corp. MCO | -13 | Neutral |
| Morgan Stanley MS | -13 | Neutral |
| MetLife Inc. MET | -13 | Neutral |
| Southern Company SO | -15 | Neutral |
| BlackRock Inc. BLK | -15 | Neutral |
| Equinix Inc. EQIX | -16 | Neutral |
| American Electric Power AEP | -18 | Neutral |
| Crown Castle Inc. CCI | -18 | Neutral |
| American Tower Corp. AMT | -39 | Neutral |