SCHWCharles Schwab Corporation

Financials · Brokers & Investment Banks · NYSE

The Charles Schwab Corporation (CSC) is a savings and loan holding company. 10-K, Item 1

Employees: 33,000
Headquarters: Westlake, TX
CEO: Richard A. Wurster
Next results: around Jan 20, 2027

SCHW and 9 peers, year by year

The 9 Financials companies closest to SCHW in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
SCHW Charles Schwab Corporation	FY2025	$23.9B	+22.0%	-	-	37.0%	36.6%	17.9%	0.49
AIG American International Group	FY2025	$26.8B	−1.7%	-	-	11.6%	-	7.5%	0.22
PNC PNC Financial Services	FY2025	$23.1B	+7.2%	-	-	28.5%	-	10.9%	0.94
MRSH Marsh McLennan	FY2025	$27.0B	+10.3%	-	23.1%	15.4%	18.5%	27.2%	1.28
XYZ Block, Inc.	FY2025	$24.2B	+0.3%	42.8%	7.1%	5.4%	10.0%	5.9%	0.33
BLK BlackRock	FY2025	$24.2B	+18.7%	-	29.1%	22.9%	14.7%	9.9%	0.23
HIG The Hartford	FY2025	$28.4B	+3.3%	-	-	13.5%	20.3%	20.2%	0.23
USB U.S. Bancorp	FY2025	$28.7B	+4.4%	-	-	26.4%	-	11.6%	1.20
APO Apollo Global Management	FY2025	$32.0B	+22.7%	-	-	10.9%	-	15.0%	0.57
BNY BNY Mellon	FY2025	$20.1B	+7.8%	-	-	27.6%	25.8%	12.5%	0.76

Revenuepeer median $26.8B

Sales growthpeer median +7.2%

Operating marginpeer median 23.1%

BLK 29.1%
MRSH 23.1%
XYZ 7.1%
SCHW -
AIG -
PNC -
HIG -
USB -
APO -
BNY -

Net marginpeer median 15.4%

FCF marginpeer median 18.5%

SCHW 36.6%
BNY 25.8%
HIG 20.3%
MRSH 18.5%
BLK 14.7%
XYZ 10.0%
AIG -
PNC -
USB -
APO -

Return on equitypeer median 11.6%

Debt / equitypeer median 0.57

MRSH 1.28
USB 1.20
PNC 0.94
BNY 0.76
APO 0.57
SCHW 0.49
XYZ 0.33
HIG 0.23
BLK 0.23
AIG 0.22

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	$7.5B	$8.6B	$10.1B	$10.7B	$11.7B	$18.5B	$20.8B	$18.8B	$19.6B	$23.9B
AIG Dec	$52.4B	$47.4B	-	$49.7B	$43.7B	$52.2B	$30.0B	$27.9B	$27.3B	$26.8B
PNC Dec	$15.2B	$16.3B	$16.2B	$16.8B	$16.9B	$19.2B	$21.1B	$21.5B	$21.6B	$23.1B
MRSH Dec	$13.2B	$14.0B	$14.9B	$16.7B	$17.2B	$19.8B	$20.7B	$22.7B	$24.5B	$27.0B
XYZ Dec	$1.7B	$2.2B	$3.3B	$4.7B	$9.5B	$17.7B	$17.5B	$21.9B	$24.1B	$24.2B
BLK Dec	-	-	-	-	-	-	$17.9B	$17.9B	$20.4B	$24.2B
HIG Dec	$16.3B	$17.2B	$19.0B	$20.7B	$20.5B	$22.4B	$22.4B	$24.5B	$26.5B	$28.4B
USB Dec	$21.3B	$21.9B	$22.6B	$22.9B	$23.2B	$22.7B	$24.3B	$28.1B	$27.5B	$28.7B
APO Dec	-	-	-	-	$2.4B	$6.0B	$11.0B	$32.6B	$26.1B	$32.0B
BNY Dec	$15.2B	$15.5B	$16.4B	$16.5B	$15.8B	$15.9B	$16.5B	$17.7B	$18.6B	$20.1B
Peer median	$15.2B	$16.3B	$16.3B	$16.8B	$17.1B	$19.5B	$20.7B	$22.7B	$24.5B	$26.8B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	+17.2%	+15.2%	+17.6%	+5.8%	+9.0%	+58.4%	+12.1%	−9.3%	+4.1%	+22.0%
AIG Dec	−10.2%	−4.3%	-	+5.0%	−12.1%	+19.0%	+4.4%	−6.9%	−2.5%	−1.7%
PNC Dec	−0.4%	+7.7%	+4.9%	+4.0%	+0.4%	+13.7%	+9.9%	+1.8%	+0.3%	+7.2%
MRSH Dec	-	+6.2%	+6.6%	+11.4%	+3.4%	+15.1%	+4.5%	+9.7%	+7.6%	+10.3%
XYZ Dec	+34.9%	+29.6%	+49.0%	+42.9%	+101%	+86.0%	−0.7%	+25.0%	+10.1%	+0.3%
BLK Dec	-	-	-	-	-	-	-	−0.1%	+14.3%	+18.7%
HIG Dec	+0.7%	+5.3%	+13.2%	−1.0%	−3.1%	+15.4%	−9.3%	−2.9%	+5.5%	+3.3%
USB Dec	+4.9%	+3.5%	+3.4%	+1.1%	+1.5%	−2.2%	+7.0%	+15.8%	−2.4%	+4.4%
APO Dec	-	-	-	-	-	+153%	+84.3%	+198%	−20.0%	+22.7%
BNY Dec	+0.6%	+2.2%	+5.5%	+0.4%	−4.0%	+0.8%	+2.8%	+7.1%	+5.2%	+7.8%
Peer median	+0.6%	+5.3%	+6.0%	+4.0%	+0.4%	+15.2%	+4.5%	+7.1%	+5.2%	+7.2%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	-	-	-	-	-	-	-	-	-	-
AIG Dec	-	-	-	-	-	-	-	-	-	-
PNC Dec	-	-	-	-	-	-	-	-	-	-
MRSH Dec	-	-	-	-	-	-	-	-	-	-
XYZ Dec	33.7%	37.9%	39.5%	40.1%	28.8%	25.0%	34.2%	34.2%	36.9%	42.8%
BLK Dec	-	-	-	-	-	-	-	-	-	-
HIG Dec	-	-	-	-	-	-	-	-	-	-
USB Dec	-	-	-	-	-	-	-	-	-	-
APO Dec	-	-	-	-	-	-	-	-	-	-
BNY Dec	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	-	-	-	-	-	-	-	-	-	-
AIG Dec	-	-	-	-	-	-	-	-	-	-
PNC Dec	-	-	-	-	-	-	-	-	-	-
MRSH Dec	18.4%	18.9%	18.5%	16.1%	17.8%	21.8%	20.7%	23.2%	23.8%	23.1%
XYZ Dec	−10.0%	−2.4%	−1.1%	0.6%	−0.2%	0.9%	−3.6%	−1.3%	3.7%	7.1%
BLK Dec	-	-	-	-	-	-	35.7%	35.1%	37.1%	29.1%
HIG Dec	-	-	-	-	-	-	-	-	-	-
USB Dec	-	-	-	-	-	-	-	-	-	-
APO Dec	-	-	-	-	-	-	-	-	-	-
BNY Dec	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	20.7%	23.2%	23.8%	23.1%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	25.3%	27.3%	34.6%	34.5%	28.2%	31.6%	34.6%	26.9%	30.3%	37.0%
AIG Dec	−1.6%	0.0%	-	6.7%	−13.6%	19.9%	34.1%	13.0%	−5.2%	11.6%
PNC Dec	24.2%	30.9%	26.3%	25.4%	16.1%	28.2%	27.0%	23.9%	25.5%	28.5%
MRSH Dec	13.4%	10.6%	11.0%	10.5%	11.7%	15.9%	14.7%	16.5%	16.6%	15.4%
XYZ Dec	−10.0%	−2.8%	−1.2%	8.0%	2.2%	0.9%	−3.1%	0.0%	12.0%	5.4%
BLK Dec	-	-	-	-	-	-	29.0%	30.8%	31.2%	22.9%
HIG Dec	5.5%	−18.2%	9.5%	10.1%	8.5%	10.6%	8.1%	10.2%	11.7%	13.5%
USB Dec	27.6%	28.4%	31.3%	30.2%	21.4%	35.0%	24.0%	19.3%	22.9%	26.4%
APO Dec	-	-	-	-	6.7%	30.9%	−17.9%	15.5%	17.5%	10.9%
BNY Dec	23.3%	26.3%	26.0%	27.0%	22.9%	23.6%	15.5%	18.7%	24.3%	27.6%
Peer median	13.4%	10.6%	18.5%	10.5%	10.1%	21.7%	15.5%	16.5%	17.5%	15.4%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	$3.3B	−$1.2B	$11.9B	$8.6B	$6.2B	$1.2B	$1.1B	$18.9B	$2.0B	$8.8B
AIG Dec	$2.4B	−$762.0M	-	−$2.1B	$685.0M	$5.9B	$3.9B	$6.0B	-	-
PNC Dec	-	-	-	-	-	-	-	-	-	-
MRSH Dec	$1.8B	$1.6B	$2.1B	$1.9B	$3.0B	$3.1B	$3.0B	$3.8B	$4.0B	$5.0B
XYZ Dec	−$2.3M	$101.6M	$233.9M	$265.1M	$34.7M	$713.5M	$5.1M	−$50.2M	$1.6B	$2.4B
BLK Dec	-	-	-	-	-	-	$4.4B	$3.8B	$4.7B	$3.6B
HIG Dec	$1.8B	$1.9B	$2.7B	$3.4B	$3.8B	$4.0B	$3.8B	$4.0B	$5.8B	$5.8B
USB Dec	-	-	-	-	-	-	-	-	-	-
APO Dec	-	-	-	-	-	-	-	-	-	-
BNY Dec	$5.4B	$3.5B	$4.9B	−$1.1B	$3.8B	$1.6B	$13.7B	$4.7B	−$782.0M	$5.2B
Peer median	$1.8B	$1.6B	$2.4B	$265.1M	$3.0B	$3.1B	$3.9B	$3.9B	$4.0B	$5.0B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	43.6%	−14.4%	117.3%	80.4%	53.2%	6.5%	5.2%	100.3%	10.5%	36.6%
AIG Dec	4.6%	−1.6%	-	−4.2%	1.6%	11.3%	13.1%	21.5%	-	-
PNC Dec	-	-	-	-	-	-	-	-	-	-
MRSH Dec	13.3%	11.3%	14.1%	11.7%	17.6%	15.7%	14.5%	16.9%	16.3%	18.5%
XYZ Dec	−0.1%	4.6%	7.1%	5.6%	0.4%	4.0%	0.0%	−0.2%	6.4%	10.0%
BLK Dec	-	-	-	-	-	-	24.7%	21.4%	23.0%	14.7%
HIG Dec	11.3%	11.3%	14.4%	16.3%	18.3%	17.7%	17.1%	16.3%	21.7%	20.3%
USB Dec	-	-	-	-	-	-	-	-	-	-
APO Dec	-	-	-	-	-	-	-	-	-	-
BNY Dec	35.8%	22.3%	29.8%	−6.8%	24.1%	10.2%	83.0%	26.5%	−4.2%	25.8%
Peer median	11.3%	11.3%	14.2%	5.6%	17.6%	11.3%	15.8%	19.1%	16.3%	18.5%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	11.5%	12.7%	17.0%	17.0%	5.9%	10.4%	19.6%	12.4%	12.3%	17.9%
AIG Dec	−1.1%	0.0%	-	5.1%	−9.0%	15.7%	25.0%	8.0%	−3.3%	7.5%
PNC Dec	8.0%	10.6%	8.9%	8.7%	5.0%	9.7%	12.5%	10.0%	10.1%	10.9%
MRSH Dec	28.2%	20.0%	21.8%	21.9%	21.8%	28.0%	28.4%	30.4%	30.0%	27.2%
XYZ Dec	−29.8%	−8.0%	−3.4%	21.9%	7.9%	5.1%	−3.1%	0.1%	13.6%	5.9%
BLK Dec	-	-	-	-	-	-	13.7%	14.0%	13.4%	9.9%
HIG Dec	5.3%	−23.2%	13.8%	12.8%	9.4%	13.3%	13.3%	16.3%	18.9%	20.2%
USB Dec	12.4%	12.7%	13.9%	13.3%	9.3%	14.5%	11.5%	9.8%	10.8%	11.6%
APO Dec	-	-	-	-	2.8%	48.5%	−29.5%	35.9%	26.5%	15.0%
BNY Dec	9.1%	9.9%	10.5%	10.7%	7.9%	8.7%	6.3%	8.1%	11.0%	12.5%
Peer median	8.0%	9.9%	12.1%	12.8%	7.9%	13.9%	12.5%	10.0%	13.4%	11.6%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	0.18	1.07	0.33	0.34	0.24	0.39	0.58	0.64	0.46	0.49
AIG Dec	0.41	0.61	-	0.54	0.57	0.46	0.70	0.24	0.21	0.22
PNC Dec	-	-	-	-	-	-	1.28	1.42	1.13	0.94
MRSH Dec	0.77	0.74	0.77	1.51	1.22	0.98	1.07	1.09	1.47	1.28
XYZ Dec	0.00	0.46	0.80	0.55	0.96	1.39	0.24	0.22	0.29	0.33
BLK Dec	-	-	-	-	-	-	-	0.20	0.26	0.23
HIG Dec	0.33	0.35	0.33	0.27	0.23	0.28	0.32	0.28	0.27	0.23
USB Dec	1.00	1.00	1.09	1.23	1.00	0.80	1.40	1.21	1.26	1.20
APO Dec	-	-	-	-	-	0.83	0.97	0.58	0.61	0.57
BNY Dec	0.63	0.68	0.72	0.66	0.57	0.60	0.75	0.77	0.75	0.76
Peer median	0.52	0.65	0.77	0.61	0.77	0.80	0.86	0.58	0.61	0.57

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SCHW Dec	$1.31	$1.61	$2.45	$2.67	$2.12	$2.83	$3.50	$2.54	$2.99	$4.65
AIG Dec	−$0.78	−$0.01	-	$3.74	−$6.88	$11.95	$12.94	$4.98	−$2.17	$5.43
PNC Dec	$7.30	$10.36	$10.71	$11.39	$16.96	$12.70	$13.85	$12.79	$13.74	$16.59
MRSH Dec	$3.38	$2.87	$3.23	$3.41	$3.94	$6.13	$6.04	$7.53	$8.18	$8.43
XYZ Dec	−$0.50	−$0.17	−$0.09	$0.81	$0.44	$0.33	−$0.93	$0.02	$4.56	$2.10
BLK Dec	-	-	-	-	-	-	$33.97	$36.51	$42.01	$35.31
HIG Dec	$2.27	−$8.61	$4.95	$5.66	$4.76	$6.64	$5.46	$7.97	$10.35	$13.32
USB Dec	$3.24	$3.51	$4.14	$4.16	$3.06	$5.10	$3.69	$3.27	$3.79	$4.62
APO Dec	-	-	-	-	$0.44	$7.32	−$3.43	$8.28	$7.33	$5.54
BNY Dec	$3.15	$3.72	$4.04	$4.51	$3.83	$4.14	$2.88	$3.89	$5.80	$7.40
Peer median	$3.15	$2.87	$4.09	$4.16	$3.45	$6.38	$5.46	$7.53	$7.33	$7.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out SCHW and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on SCHW in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/SCHW/export.csv") into a cell.