SCHW
SCHWAB CHARLES CORP
Next earnings Jul 16, 2026 (before open) · consensus $1.54 EPS, $6.87B rev
Last earnings -7.6% on 2026-04-16
$97.00
▲ +7.12%$97.00▲ +9.17%
over 1Y
L $85.35H $106.47
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+7.1%
1W+8.5%
1M+10.7%
3M+3.8%
YTD-3.8%
1Y+9.2%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 28 analysts
Buy
Best-in-class brokerage compounding EPS 55% off the 2023 rate trough, at ~20x with a $20B buyback — and cheaper than management pays.
Revenue $23.9B · FY2025
The read
Quality fundamentals and an attractive price line up (~82% below fair value) — the rarer case where both the business and the entry look good.
Schwab's core franchise is firing on all cylinders after the 2023 deposit-flight scare. FY2025 revenue rose 22% to $23.9B and net income jumped 49% to $8.85B, driving diluted EPS up 55.5% to $4.65 — a clean recovery from the FY2023 trough ($18.8B revenue, $5.07B net income). Operating cash flow of $9.31B (+249%) confirms the earnings are cash-backed, not accounting artifacts. Profitability is elite for the industry: 37% net margin and 17.9% ROE. The 8.93x liabilities/equity is normal balance-sheet leverage for a bank-broker, not distress, and the company holds $46B of cash (+9.4%).
Capital return is the second pillar. Schwab spent $7.35B on buybacks and $2.33B on dividends in FY2025 while shrinking the share count 3.4%, and the 10-K discloses a fresh $20.0B repurchase authorization (announced July 2025, ~$14.5B remaining at year-end) with no expiration. Critically, management bought stock at an average $94.01 in Q4 2025 — above today's $92.27 — so the buyer of last resort is active right below the current price. The stock has also pulled back ~11% from the $103.92 quoted on Jan 30, 2026, improving the entry.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 30, 2026, 9:41 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $18.5B | $20.8B | $18.8B | $19.6B | $23.9B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $5.86B | $7.18B | $5.07B | $5.94B | $8.85B |
| Diluted EPS | $2.83 | $3.50 | $2.54 | $2.99 | $4.65 |
| Net margin | 31.6% | 34.6% | 26.9% | 30.3% | 37.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF19.3
PEG (trailing)0.43
Earnings yield5.2%
FCF yield5.2%
Quality & risk
ROIC (est.)—
Free cash flow$8.76B
Total debt$36.0B
Net cash$10.1B
Piotroski F-Score6/7
Capital returns
Buyback yield4.4%
Dividend yield (est.)1.4%
Shareholder yield5.7%
Shares Δ YoY-3.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Other event2026-06-29
Other-events disclosure with exhibits; no change to financial outlook for holders
- 8-K Charter / bylaws change2026-06-01
Amended charter/bylaws (Item 5.03); governance/administrative, not financial
- 8-K Shareholder vote2026-05-22
Annual meeting vote results filed (Item 5.07); directors/proposals decided
- 8-K Other event2026-05-21
Other-events disclosure (likely monthly activity/metrics update) with exhibits
- 10-Q Quarterly report2026-05-08
Q1'26 10-Q; momentum continues plus Forge private-markets acquisition
- 8-K Material event2026-04-22
Modified security-holder rights + charter change (3.03/5.03), likely preferred series
- 8-K Earnings results2026-04-16
Q1'26 results release; builds on FY25 EPS +55% and margin expansion
- DEF 14A Proxy statement2026-04-06
- 10-K Annual report2026-02-25
FY25: rev $23.9B +22%, NI $8.85B +49%, new $20B buyback authorization
Recent filings
all on EDGAR ↗144Filing2026-07-02open ↗8-KPeriod ending 2026-06-252026-06-29open ↗424B5Filing2026-06-26open ↗4Period ending 2026-06-232026-06-25open ↗FWPFiling2026-06-25open ↗424B5Filing2026-06-25open ↗11-KPeriod ending 2025-12-312026-06-10open ↗4Period ending 2026-06-032026-06-04open ↗8-KPeriod ending 2026-06-012026-06-01open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗
Frequently asked
- Is SCHWAB CHARLES CORP (SCHW) a buy?
- SCHW currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Best-in-class brokerage compounding EPS 55% off the 2023 rate trough, at ~20x with a $20B buyback — and cheaper than management pays.
- What is SCHW's fair value?
- A Modified-Graham model based on SCHW's SEC fundamentals estimates a fair value of about $176.70. It is an estimate from reported earnings, not a price target.
- Is SCHW overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SCHW currently appears undervalued relative to its SEC-grounded earnings power.
- What is SCHWAB CHARLES CORP's quality score?
- SCHW scores 77.83619669783297/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000316709, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 7/1/2026, 1:41:19 AM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.