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SCHW

Latest: Q2 FY26 · Thesis page →
Revenue$7.1B+20.9% YoY
Net income$2.8B+31.7% YoY
Free cash flow$4.1B+35.0% YoY
Gross margin—

Revenue vs Net income

Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.

■ Revenue   ■ Net income
$0$2.5B$5.1B$7.6BQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Margin trend

Gross, operating and net margin. Margins are derived from reported dollars.

● Gross margin   ● Operating margin   ● Net margin
27%32%37%41%Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Revenue YoY growth

Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).

+27%+19%+16%+21%Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement

From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue$4.8B$5.3B$5.6B$5.9B$6.1B$6.3B$6.5B$7.1B
YoY————+26.6%+18.9%+15.8%+20.9%
Cost of goods sold————————
YoY————————
Gross profit————————
YoY————————
Research & development————————
YoY————————
Selling, general & administrative————————
YoY————————
Operating income————————
YoY————————
Pretax income$1.8B$2.3B$2.5B$2.8B$3.0B$3.2B$3.2B$3.7B
YoY————+64.0%+38.0%+29.9%+30.9%
Income tax$434.0M$465.0M$546.0M$677.0M$663.0M$721.0M$709.0M$869.0M
YoY————+52.8%+55.1%+29.9%+28.4%
Net income$1.4B$1.8B$1.9B$2.1B$2.4B$2.5B$2.5B$2.8B
YoY————+67.5%+33.6%+29.9%+31.7%
EPS — basic$0.71—$0.99$1.09$1.26—$1.37$1.55
YoY————+77.5%—+38.4%+42.2%
EPS — diluted$0.71—$0.99$1.08$1.26—$1.37$1.54
YoY————+77.5%—+38.4%+42.6%
Weighted shares — basic1.83B—1.82B1.82B1.81B—1.75B1.74B
Weighted shares — diluted1.83B—1.82B1.82B1.81B—1.75B1.74B

Balance sheet

Point-in-time values at each quarter (or fiscal year) end.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Cash & equivalents$34.9B$42.1B$35.0B$32.2B$30.6B$46.0B$45.0B$40.6B
YoY————-12.3%+9.4%+28.5%+26.0%
Marketable securities (current)————————
YoY————————
Accounts receivable————————
YoY————————
Inventory————————
YoY————————
Total current assets————————
YoY————————
Total assets$466.1B$479.8B$462.9B$458.9B$465.3B$491.0B$493.3B$517.3B
YoY————-0.2%+2.3%+6.6%+12.7%
Total current liabilities————————
YoY————————
Total liabilities$418.8B$431.5B$413.4B$409.5B$415.9B$441.6B$444.1B$467.1B
YoY————-0.7%+2.3%+7.4%+14.1%
Total equity$47.2B$48.4B$49.5B$49.5B$49.4B$49.4B$49.2B$50.1B
YoY————+4.6%+2.2%-0.6%+1.4%
Shares outstanding————————
YoY————————

Cash flow

Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Operating cash flow$19.1B$-10.8B$6.4B$3.2B$538.0M$-763.0M$7.3B$4.3B
YoY————-97.2%+93.0%+15.5%+35.3%
Capital expenditures$128.0M$254.0M$117.0M$128.0M$145.0M$158.0M$140.0M$185.0M
YoY————+13.3%-37.8%+19.7%+44.5%
Free cash flow$19.0B$-11.1B$6.2B$3.0B$393.0M$-921.0M$7.2B$4.1B
YoY————-97.9%+91.7%+15.4%+35.0%
Dividends paid$563.0M$575.0M$595.0M$608.0M$562.0M$564.0M$632.0M$643.0M
YoY————-0.2%-1.9%+6.2%+5.8%
Share repurchases$0$0$1.5B$333.0M—$5.5B$2.4B$999.0M
YoY——————+58.5%+200.0%

Margins & ratios

Derived from the reported dollars above — no separate source.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross margin————————
Operating margin————————
Net margin29.0%34.5%34.1%36.3%38.4%38.8%38.2%39.6%
Free cash flow margin391.4%-207.9%111.5%52.1%6.4%-14.5%111.1%58.2%
Effective tax rate23.6%20.2%22.2%24.2%21.9%22.7%22.2%23.7%
Current ratio————————
Total liabilities / equity8.87x8.92x8.35x8.28x8.42x8.93x9.02x9.31x

Peer comparison — latest full year

Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.

TickerRevenueRevenue YoYGross marginOperating marginNet marginFCF margin
SCHW FY25 · this stock$23.9B+22.0%——37.0%36.6%
JPM FY25$182.4B+2.8%——31.3%—
BAC FY25$113.1B+6.8%——27.0%—
PGR FY25$87.7B+16.3%——12.9%19.6%
C FY25$85.2B+5.6%——16.8%-87.0%
WFC FY25$83.7B+1.7%——25.5%—
MS FY25$70.6B+14.4%——23.9%—
CB FY25$59.4B+6.5%——17.4%—
GS FY25$58.3B+8.9%——29.5%-81.0%
AXP FY25$41.3B+6.4%——26.2%38.7%
V FY25$40.0B+11.3%—60.0%50.1%—

Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.