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Charles Schwab

OverviewSuggest Edit

The Charles Schwab Corporation is a savings and loan holding company providing wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates in 2 segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking, and support services, as well as retirement business services, to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers.

TypePublic
Founded1971
HQSan Francisco, USMap
Websiteschwab.com
Employee Ratings3.6More
Culture scoreC-More
View Jobs (448)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)19,700(+2%)
Job Openings448
Revenue (FY, 2019)$10.7 B(+6%)
Share Price (May 2020)$32.8 (-1%)

Key People/Management at Charles Schwab

Walter W. Bettinger

Walter W. Bettinger

President, CEO, and Director
Joseph R. Martinetto

Joseph R. Martinetto

Senior Executive Vice President And Chief Operating Officer
John K. Adams

John K. Adams

Director
Jonathan M. Craig

Jonathan M. Craig

Senior Executive Vice President, Investor Services and Marketing
Tim Heier

Tim Heier

Executive Vice President and Chief Technology Officer
Neesha Hathi

Neesha Hathi

Executive Vice President and Chief Digital Officer
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Charles Schwab Office Locations

Charles Schwab has offices in San Francisco, El Paso, Lone Tree, Orlando and in 2 other locations
San Francisco, US (HQ)
211 Main St, San Francisco
El Paso, US
1945 Northwestern Dr
Lone Tree, US
9899 Schwab Way
Orlando, US
1958 Summit Park Dr #200Orlando
Phoenix, US
2423 E Lincoln Dr
London, GB
33 Ludgate Hill
Show all (7)

Charles Schwab Financials and Metrics

Charles Schwab Revenue

Charles Schwab's revenue was reported to be $10.72 b in FY, 2019
USD

Revenue (Q1, 2020)

2.6b

Net income (Q1, 2020)

795.0m

Market capitalization (22-May-2020)

42.3b

Closing stock price (22-May-2020)

32.8

Cash (31-Mar-2020)

68.5b

EV

(17.7b)
Charles Schwab's current market capitalization is $42.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

5.4b6.1b6.4b7.5b8.6b10.1b10.7b

Revenue growth, %

11%11%5%17%15%18%

Sales and marketing expense

2.5b2.7b3.1b307.0m

General and administrative expense

398.0m436.0m496.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.5b1.5b1.6b1.5b1.6b1.6b1.8b1.8b1.9b2.1b2.1b2.2b2.4b4.9b2.6b2.7b2.7b2.7b2.6b

Sales and marketing expense

528.0m520.0m593.0m581.0m540.0m548.0m626.0m602.0m609.0m701.0m663.0m63.0m770.0m1.5b70.0m69.0m77.0m71.0m67.0m

General and administrative expense

80.0m80.0m82.0m83.0m85.0m92.0m98.0m101.0m100.0m105.0m107.0m122.0m244.0m

Operating expense total

608.0m600.0m675.0m664.0m625.0m640.0m724.0m703.0m709.0m806.0m770.0m63.0m892.0m1.8b70.0m69.0m77.0m71.0m67.0m
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Annual
USDFY, 2010Y, 2010Y, 2011FY, 2011FY, 2012Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.9b4.9b8.7b8.7b12.7b12.7b7.7b11.4b12.0b10.8b14.2b27.9b29.3b

Accounts Receivable

320.0m330.0m417.0m88.4m16.5b16.6b18.2b

PP&E

624.0m685.0m675.0m1.5b1.8b2.1b

Goodwill

631.0m1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

6.3b9.5b5.7b5.5b6.5b6.4b6.8b8.1b8.5b6.9b6.2b7.4b7.2b6.8b8.6b9.0b9.0b10.4b10.5b13.0b10.4b9.5b9.6b12.3b14.1b13.3b21.8b32.6b24.2b20.3b68.5b

Accounts Receivable

7.6b7.8b8.2b9.1b9.5b9.7b9.8b9.8b10.1b11.3b11.7b12.1b12.6b12.9b13.1b13.6b14.0b14.3b14.4b14.7b14.9b15.5b15.8b16.2b16.4b16.6b16.6b16.5b16.6b16.9b19.5b

PP&E

628.0m617.0m610.0m627.0m639.0m665.0m684.0m677.0m672.0m681.0m711.0m738.0m820.0m883.0m991.0m1.1b1.1b1.1b1.2b1.2b1.3b1.3b1.3b1.4b1.5b1.6b1.7b1.8b1.9b2.0b2.3b

Goodwill

528.0m528.0m528.0m631.0m631.0m1.1b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

454.0m864.0m928.0m1.1b1.3b1.4b1.9b2.4b3.5b3.7b

Depreciation and Amortization

146.0m155.0m196.0m234.0m269.0m335.0m349.0m

Cash From Operating Activities

(9.0m)2.5b1.3b1.7b2.3b1.2b2.7b1.3b12.5b9.3b

Purchases of PP&E

(129.0m)(180.0m)(148.0m)(22.9b)(15.1b)(21.4b)(29.2b)(400.0m)(570.0m)(708.0m)
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

6.0m211.0m335.0m243.0m481.0m701.0m195.0m470.0m717.0m206.0m462.0m752.0m326.0m650.0m971.0m302.0m655.0m1.0b412.0m864.0m1.4b564.0m1.1b1.8b783.0m1.6b2.6b964.0m1.9b2.9b795.0m

Depreciation and Amortization

37.0m73.0m108.0m35.0m68.0m107.0m48.0m96.0m146.0m51.0m102.0m153.0m48.0m96.0m145.0m54.0m109.0m166.0m56.0m113.0m173.0m65.0m131.0m200.0m73.0m148.0m226.0m83.0m167.0m255.0m96.0m

Cash From Operating Activities

(589.0m)276.0m442.0m1.3b1.9b2.0b98.0m(232.0m)373.0m(368.0m)164.0m825.0m69.0m501.0m1.5b(1.3b)(737.0m)354.0m(369.0m)1.5b974.0m(334.0m)509.0m1.8b248.0m3.4b4.7b(2.6b)(381.0m)5.0b10.1b

Purchases of PP&E

(29.0m)(54.0m)(82.0m)(38.0m)(77.0m)(137.0m)(42.0m)(76.0m)(107.0m)(49.0m)(111.0m)(176.0m)(53.0m)(165.0m)(310.0m)(55.0m)(125.0m)(204.0m)(56.0m)(195.0m)(272.0m)(80.0m)(164.0m)(267.0m)(122.0m)(253.0m)(400.0m)(139.0m)(310.0m)(515.0m)(156.0m)
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USDY, 2020

EV/CFO

-1.7 x

Financial Leverage

14.1 x
Show all financial metrics

Charles Schwab Operating Metrics

Charles Schwab's Assets Under Management was reported to be $37b in Jul, 2019.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q3, 2016FY, 2016Q1, 2017Nov, 2017Jul, 2019

Active Accounts

9.40 m9.80 m10.20 m10.60 m

Assets Under Management

$37 b

Average Trades per U.S. Trading Day

250 61 63 64 251 61 64 251 62

Client Assets

$2.46 t$2.51 t$2.78 t
Show all operating metrics

Charles Schwab Revenue Breakdown

Embed Graph

Charles Schwab revenue breakdown by business segment: 72.4% from Investor Services and 27.6% from Advisor Services

Charles Schwab Online and Social Media Presence

Charles Schwab's Trends

Embed Graph

Charles Schwab Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    B

    70/100

  • Compensation

    A-

    75/100

  • Diversity

    C-

    62/100

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Charles Schwab News and Updates

April 17, 2020

Envestnet | Yodlee agrees data access terms with Charles Schwab

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic,...
March 18, 2020

Charles Schwab will give many of its employees $1,000 as part of its coronavirus response, but the bonus doesn't apply to its contract workers (SCHW)

Charles Schwab said on Wednesday in an email to employees that it would distribute $1,000 spot bonuses to employees below the officer level as part of its coronavirus response, Business Insider has confirmed. The San Francisco brokerage and wealth management firm's move, which follows some technol…
March 03, 2020

Need to Know: Stocks haven’t bottomed yet, so wait for this signal, advises Charles Schwab strategist

Our call of the day from the Schwab Center for Financial Research’s vice president of trading and derivatives has this message for investors: “Don’t panic and don’t sell on the lows.”
February 21, 2020

Why Charles Schwab Is Letting Customers Trade For Free

The financial services firm also plans to launch ‘fractionisation’ of shares option from this spring season.
February 11, 2020

Xantrion to Sponsor the Charles Schwab Advisor Services Forum on Preparing for the SEC in 2020

OAKLAND, Calif., Feb. 11, 2020 /PRNewswire/ -- Xantrion Inc. is honored to sponsor the February 12, Charles Schwab Advisor Services® forum, Anticipating the Inevitable: Preparing for the SEC in 2020. This forum, presented by the Northern California Region of Schwab Advisor Services, will...
January 17, 2020

Charles Schwab just took the broker wars to the next level by pulling the plug on a nearly $100 billion program that sold rivals' ETFs (SCHW)

Charles Schwab has shuttered a program used to sell products from third-party firms like State Street and BlackRock for zero commissions.  The move underscores the difficult spot asset managers have found themselves in following the major brokerages' decisions to eliminate online trading fees late…
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Charles Schwab Blogs

May 19, 2020

Will the Federal Reserve and government stimulus spending eventually lead to inflation?

Will the Federal Reserve and government stimulus spending eventually lead to inflation? kamila.forson Tue, 05/19/2020 - 14:59 Body Schwab’s view is that the greater near-term threat is deflation, not inflation, and that the risk of inflation in the next few years is limited. To…
May 18, 2020

Schwab Market Perspective: Riding the Liquidity Wave

Schwab Market Perspective: Riding the Liquidity Wave christina.oliver1 Mon, 05/18/2020 - 17:28 Body Why did stocks rise over the past month despite grim economic news? The Federal Reserve’s massive liquidity injection is one reason. Button …
May 18, 2020

Take your first steps.

Take your first steps. kristin.mccasland Mon, 05/18/2020 - 12:36 Body You can set up your preferences for moving money, personalize your account settings, and start exploring what we have to offer. Button Login …
May 15, 2020

Stimulus = Inflation? Why It May Be Different This Time

Stimulus = Inflation? Why It May Be Different This Time kamila.forson Fri, 05/15/2020 - 15:13 Body Despite massive fiscal and monetary stimulus, we believe there’s little risk of inflation in the next few years. Button Read More …
May 12, 2020

What’s the Future Payback for the Stimulus?

What’s the Future Payback for the Stimulus? kamila.forson Tue, 05/12/2020 - 13:13 Body It is becoming increasingly clear that the massive global stimulus is being financed by a rise in money, not debt. Button Read More …
May 11, 2020

Bear and Bull Both Running at Full Speed

Bear and Bull Both Running at Full Speed kamila.forson Mon, 05/11/2020 - 18:04 Body Both the bear market and subsequent rally have occurred at warp speed; yet the economic recovery may be disappointing to what the market’s now “priced in.” Button …
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 Charles Schwab Frequently Asked Questions

  • When was Charles Schwab founded?

    Charles Schwab was founded in 1971.

  • Who are Charles Schwab key executives?

    Charles Schwab's key executives are Walter W. Bettinger, Joseph R. Martinetto and John K. Adams.

  • How many employees does Charles Schwab have?

    Charles Schwab has 19,700 employees.

  • What is Charles Schwab revenue?

    Latest Charles Schwab annual revenue is $10.7 b.

  • What is Charles Schwab revenue per employee?

    Latest Charles Schwab revenue per employee is $544.2 k.

  • Who are Charles Schwab competitors?

    Competitors of Charles Schwab include Robinhood, Lazard and CITIC Securities.

  • Where is Charles Schwab headquarters?

    Charles Schwab headquarters is located at 211 Main St, San Francisco, San Francisco.

  • Where are Charles Schwab offices?

    Charles Schwab has offices in San Francisco, El Paso, Lone Tree, Orlando and in 2 other locations.

  • How many offices does Charles Schwab have?

    Charles Schwab has 7 offices.