Charles Schwab (SCHW) stock
Financials · Investment Banking & Brokerage
Charles Schwab (SCHW) is an Investment Banking & Brokerage company in the Financials sector, headquartered in Westlake, Texas. As of October 23, 2026, SCHW closed at $90.58, a market capitalization of $156.64 billion, the 80th largest company in the S&P 500. Over the last twelve months it generated $27.06 billion in revenue (+17% year over year) and $10.79 billion in free cash flow. The stock trades at 15.5x trailing earnings and 11.6x forward earnings.
- 1-year total return: -3.0% (dividends reinvested)
- 5-year return: +3.0% a year
- 52-week range: $83.96 – $114.53
- Gross margin 97.5%, operating margin 52.7%
- Dividend yield: 1.41%, 1 straight years of increases
- FI Handbook report card: B+ across 9 metrics
- 12th largest of 76 Financials stocks in the S&P 500
SCHW price chart
1Y price change: -4.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SCHW | -9.0% | -8.4% | -3.0% | +24.2% | +3.0% | +12.3% | +16.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1987.
SCHW key statistics
- Market cap
- $156.6B
- #80 in S&P 500
- P/E (TTM)
- 15.5x
- Forward P/E
- 11.6x
- EPS (TTM)
- $5.85
- Revenue (TTM)
- $27.1B
- +17%
- Free cash flow
- $10.8B
- Gross margin
- 97.5%
- Operating margin
- 52.7%
- Return on equity
- 21.1%
- Dividend yield
- 1.41%
- 52-week range
- $83.96 – $114.53
- Beta
- 0.78
- Price / sales
- 5.8x
- EV / EBITDA
- —
- Debt / equity
- 0.78x
- Employees
- 33,900
SCHW report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth16.9%B
- Gross margin97.5%A
- Operating margin52.7%A
- FCF margin39.9%A
- Return on equity21.1%B
- Net debt / EBITDA——
- Forward P/E11.6xA
- PEG ratio0.8xA
- Shareholder yield6.1%A
- Share count change / yr4.7%F
Charles Schwab Corporation (The financials
Revenue went from $7.5B in fiscal 2016 to $23.9B in fiscal 2025, growing 13.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $8.6B | $10.1B | $10.7B | $11.7B | $18.5B | $20.8B | $18.8B | $19.6B | $23.9B |
| Net income | $1.9B | $2.4B | $3.5B | $3.7B | $3.3B | $5.9B | $7.2B | $5.1B | $5.9B | $8.9B |
| EPS (diluted) | $1.31 | $1.61 | $2.45 | $2.67 | $2.12 | $2.83 | $3.50 | $2.54 | $2.99 | $4.65 |
| Free cash flow | $3.3B | -$1.2B | $11.9B | $8.6B | $6.2B | $1.2B | $1.1B | $18.9B | $2.0B | $8.8B |
| Buybacks | $0 | $0 | $1.0B | $2.2B | $0 | $0 | $3.4B | $2.8B | $0 | $7.3B |
| Dividends paid | $486.0M | $592.0M | $787.0M | $1.1B | $1.3B | $1.8B | $2.1B | $2.3B | $2.3B | $2.3B |
| Diluted shares | 1.3B | 1.4B | 1.4B | 1.3B | 1.4B | 1.9B | 1.9B | 1.8B | 1.8B | 1.8B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SCHW?
A reverse DCF asks what growth the current price requires. With an enterprise value of $128.1B and $10.8B of trailing free cash flow, Charles Schwab Corporation (The needs to grow free cash flow about -2.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 7.1% a year over the last five years.
P/E ratio history
Current 19.5x vs. median 27.6x (10th–90th percentile 14.9x–36.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SCHW dividend
- Dividend yield
- 1.41%
- Annual dividend
- $1.28
- Years of increases
- 1
- 5-yr dividend growth
- 8.4%
- per year
- Payout ratio
- 21%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
SCHW earnings
Next report: January 21, 2027. Charles Schwab Corporation (The has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 15, 2026 | $1.66 | $1.69 | +2.1% |
| Jul 21, 2026 | $1.55 | $1.62 | +4.5% |
| Apr 16, 2026 | $1.40 | $1.43 | +2.5% |
| Jan 21, 2026 | $1.39 | $1.39 | -0.3% |
| Oct 16, 2025 | $1.25 | $1.31 | +5.2% |
| Jul 18, 2025 | $1.10 | $1.14 | +3.8% |
| Apr 17, 2025 | $1.01 | $1.04 | +3.2% |
| Jan 21, 2025 | $0.91 | $1.01 | +10.5% |
Stocks like SCHW
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MS Morgan Stanley | -2.44% | +15% | $280.9B | 14.2x | Compare |
 GS Goldman Sachs | -1.75% | +19% | $255.0B | 12.6x | Compare |
 IBKR Interactive Brokers | -2.43% | +20% | $136.8B | 30.6x | Compare |
 HOOD Robinhood Markets | -1.56% | -29% | $85.5B | 41.9x | Compare |
 RJF Raymond James Financial | -0.94% | -3% | $30.3B | 13.7x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
SCHW news
- Are Your Retirement Savings on Track? · Oct 23, 2026
- Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher · Oct 23, 2026
- Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends · Oct 22, 2026
- Zoe Financial CEO Andres Garcia-Amaya to Speak on Growth at Charles Schwab IMPACT(R) 2026 · Oct 22, 2026
- ETF Central: An Introduction to the Schwab International Bond ETF · Oct 20, 2026
SCHW stock FAQ
What is SCHW's market cap?
Charles Schwab's market capitalization is $156.64 billion as of October 23, 2026, ranking 80th in the S&P 500.
What is SCHW's P/E ratio?
SCHW trades at a trailing price-to-earnings ratio of 15.5x and a forward P/E of 11.6x. Its median P/E over the period we track is 27.6x.
Does SCHW pay a dividend?
Yes. Charles Schwab pays $1.28 per share a year, a 1.41% yield. It has raised its dividend 1 years in a row. Dividends grew 8.4% a year over the last five years.
How much has SCHW stock returned?
Including reinvested dividends, SCHW returned -3.0% over one year, +3.0% a year over five years, +12.3% a year over ten years through October 23, 2026.
Is SCHW stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Charles Schwab must grow free cash flow about -2% a year for the next decade. Its free cash flow grew 7% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does SCHW report earnings?
Charles Schwab is expected to report earnings on January 21, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does Charles Schwab have?
Charles Schwab has about 33,900 full-time employees, or $798,260 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology