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Stocks/Financials/Investment Banking & Brokerage

Charles SchwabSCHW

Investment Banking & Brokerage · Westlake, Texas · In the S&P 500
High quality
$88.05−1.59%After hours: $88.09 (+0.05%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 6.9% over 1 year
Charles Schwab over 1 yearDaily close, $, to 30 Oct 2026
$90$100$110Nov2026MarMayJulSep$88.05$100NovMarJul$88.05
Source: Nasdaq daily closes
Market value$152B
Price to earnings15.0x
Forward P/E12.4x
Dividend yield1.45%
Year to date−11.9%
One year−6.9%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$85.35$113.65

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Quality and valuation

How Charles Schwab compares with other financials stocks. A description, not a recommendation.

Charles Schwab and 5 investment banking & brokerage peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most financials companies, priced about in line with them.

Charles Schwab trades at 12.4 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +20.3% vs +10.2%
  • Turns more of its sales into cash: 41.5% vs 20.3%
  • Keeps more of its revenue as profit (net margin): 38.8% vs 20.7%
SCHW trades at 12.4x forward earnings, below the sector medianForward p/e, Investment Banking & Brokerage peers
RJF11.5xSCHW12.4xGS13.4xMS14.4xIBKR25.5xHOOD33.7xSector median 13.0xRJF11.5xSCHW12.4xGS13.4xMS14.4xIBKR25.5xHOOD33.7xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 16.0x earnings, SCHW is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x25x30xAverage 24.4x2025202616.0x20x30xAverage 24.4x2025202616.0x
Source: Nasdaq prices; SEC filings

Financials

From Charles Schwab's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 20.9% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bn$6bnQ3 ’24Q1 ’25Q3 ’25$7.1bnQ2 ’26$0bn$2bn$5bnQ3 ’24Q1 ’25Q3 ’25$7.1bnQ2 ’26
Source: SEC filings
Growth sped up to +20.9% last quarterRevenue growth, year on year, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2520.9%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2520.9%Q2 ’26
Source: SEC filings
Free cash flow was $10.8 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-10bn$0bn$10bnQ3 ’24Q1 ’25Q3 ’25$4.1bnQ2 ’26$0bnQ3 ’24Q1 ’25Q3 ’25$4.1bnQ2 ’26
Source: SEC filings
Diluted EPS was $1.54 last quarterQuarterly diluted earnings per share, $
$0.0$0.5$1.0$1.5Q3 ’24Q1 ’25Q3 ’25$1.54Q2 ’26$0$1Q3 ’24Q1 ’25Q3 ’25$1.54Q2 ’26
Source: SEC filings
Last 12 monthsSCHWSector median
Revenue growth+20.3%+10.2%
Free cash flow margin41.5%20.3%
Price to earnings15.0x14.6x

Similar companies

Investment Banking & Brokerage, by market value.

CompanyPriceTodayYTDValue
MSMorgan Stanley$184.30−2.41%+3.8%$288B
GSGoldman Sachs$894.55−3.58%+1.8%$260B
IBKRInteractive Brokers$76.90−5.96%+19.6%$131B
HOODRobinhood Markets$84.99−7.21%−24.9%$76.53B
RJFRaymond James Financial$157.22−2.52%−2.1%$30.19B