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Charles Schwab

OverviewSuggest Edit

The Charles Schwab Corporation (CSC) 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
Founded1986
HQSan Francisco, CA, USMap
Websiteschwab.com
Employee Ratings3.8More
Overall CultureC-More
View Jobs (2)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)19,700(+2%)
Job Openings2
Revenue (FY, 2019)$11.8 B(+8%)
Share Price (Jan 2021)$58.8
Cybersecurity ratingAMore

Key People/Management at Charles Schwab

Walter W. Bettinger

Walter W. Bettinger

President, CEO, and Director
Charles Schwab

Charles Schwab

Chairman of the Board
Steve Anderson

Steve Anderson

Executive Vice President
Catherine Casey

Catherine Casey

Executive Vice President, Human Resources
Jason Clague

Jason Clague

Executive Vice President, Operational Services
Bernard J. Clark

Bernard J. Clark

Executive Vice President and Head of Schwab Advisor Services
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Charles Schwab Office Locations

Charles Schwab has offices in San Francisco, El Paso, Lone Tree, Orlando and in 4 other locations
San Francisco, CA, US (HQ)
211 Main St, San Francisco
El Paso, TX, US
1945 Northwestern Dr
Lone Tree, CO, US
9899 Schwab Way
Orlando, FL, US
1958 Summit Park Dr #200Orlando
Phoenix, AZ, US
2423 E Lincoln Dr
Hong Kong, HK
Rooms 602-606, Gloucester Tower, The Landmark, 15 Queen’s Road Central, Central
Show all (8)

Charles Schwab Financials and Metrics

Charles Schwab Revenue

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Charles Schwab's revenue was reported to be $11.79 b in FY, 2019 which is a 7.2% increase from the previous period.
USD

Revenue (Q3, 2020)

2.5b

Gross profit (Q3, 2020)

2.4b

Gross profit margin (Q3, 2020), %

96.5%

Net income (Q3, 2020)

698.0m

Market capitalization (15-Jan-2021)

110.4b

Closing stock price (15-Jan-2021)

58.8

Cash (30-Sept-2020)

27.5b

EV

90.8b
Charles Schwab's current market capitalization is $110.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

9.0b11.0b11.8b

Revenue growth, %

15%23%7%

Cost of goods sold

342.0m857.0m1.1b

Gross profit

8.6b10.1b10.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.6b5.1b2.8b3.0b3.0b3.0b2.8b2.5b2.5b

Cost of goods sold

158.0m183.0m228.0m317.0m318.0m261.0m136.0m97.0m89.0m

Gross profit

2.4b4.9b2.6b2.7b2.7b2.7b2.6b2.5b2.4b

Gross profit Margin, %

94%96%92%90%89%91%95%96%96%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

14.2b27.9b29.3b

Accounts Receivable

21.2b22.2b21.8b

PP&E

1.5b1.8b2.1b

Goodwill

1.2b1.2b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

14.1b13.3b21.8b32.6b24.2b20.3b68.5b33.6b27.5b

Accounts Receivable

22.0b23.4b23.2b20.5b21.9b16.2b19.0b21.4b25.4b

PP&E

1.5b1.6b1.7b1.8b1.9b2.0b2.3b2.3b2.3b

Goodwill

1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.7b1.7b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

2.4b3.5b3.7b

Depreciation and Amortization

269.0m335.0m349.0m

Accounts Payable

(5.8b)2.1b6.5b

Cash From Operating Activities

1.3b12.5b9.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

783.0m1.6b2.6b964.0m1.9b2.9b795.0m1.5b2.2b

Depreciation and Amortization

73.0m148.0m226.0m83.0m167.0m255.0m96.0m205.0m284.0m

Accounts Payable

(480.0m)(941.0m)3.3b(3.3b)(1.9b)2.8b10.0b6.4b8.3b

Cash From Operating Activities

248.0m3.4b4.7b(2.6b)(381.0m)5.0b10.1b(6.3b)(6.4b)
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USDFY, 2017

EV/CFO

58.9 x

Revenue/Employee

509.1k

Debt/Equity

1.1 x

Debt/Assets

0.1 x

Financial Leverage

13.1 x

P/E Ratio

31.8
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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

250.50 61 63 64 251 61 64 251.50 62

Client Assets

$2.46 t$2.51 t$2.78 t
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Charles Schwab Acquisitions / Subsidiaries

Company NameDateDeal Size
USAA-IMCOMay 26, 2020$1.60 b
MotifMay 08, 2020
TD AmeritradeNovember 25, 2019$26 b
ThomasPartners Investment ManagementOctober 16, 2012
Compliance 11November 16, 2011
OptionsXpressMarch 20, 2011$1 b
Windhaven Investment Management IncNovember 30, 2010
CyberTraderDecember 10, 2007
The 401(k) CompanyApril 02, 2007$115 m
SoundView Technology Group IncNovember 19, 2003
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Charles Schwab Revenue Breakdown

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Charles Schwab revenue breakdown by business segment: 28.9% from Advisor Services and 71.1% from Investor Services

Human Capital Metrics

Source: content.schwab.com
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Charles Schwab Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Charles Schwab Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Charles Schwab Online and Social Media Presence

Charles Schwab's Trends

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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

January 19, 2021

Charles Schwab stock jumps after profit and revenue beats, with trading households rising more than 50%

Shares of Charles Schwab Corp. surged 2.1% in premarket trading Tuesday, after the discount brokerage reported fourth-quarter profit and revenue that beat Wall Street forecasts, as client engagement grew to record levels in 2020. Net income was $1.14 billion, or 57 cents a share, after net income o…
January 11, 2021

The Charles Schwab (NYSE:SCHW) Price Target Raised to $71.00

The Charles Schwab (NYSE:SCHW) had its price objective raised by Morgan Stanley from $65.00 to $71.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's target price suggests a potential upside of…
January 11, 2021

Schwab to Halt All PAC Contributions Through 2021

Given the extraordinary circumstances related to this election cycle, The Charles Schwab Corporation Political Action Committee (PAC) has halted all contributions to any lawmakers for the remainder of 2021. This pause will give the firm an opportunity to evaluate the best path forward to fulfill ou…
January 11, 2021

Jefferies Financial Group Weighs in on The Charles Schwab Co.'s FY2020 Earnings (NYSE:SCHW)

The Charles Schwab Co. (NYSE:SCHW) - Equities research analysts at Jefferies Financial Group increased their FY2020 earnings estimates for The Charles Schwab in a report released on Friday, January 8th. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will…
December 28, 2020

Charles Schwab to Officially Move Headquarters to Denton County on Jan. 1

The Charles Schwab headquarters is officially coming to North Texas on Jan. 1. According to Denton County, the move is significant for the financial sector, both in North Texas and on a larger scale.
December 21, 2020

Charles Schwab UK fined £9m for client protection failure

The UK’s financial watchdog has fined investment firm Charles Schwab £9m for failing to adequately protect client assets and making The post Charles Schwab UK fined £9m for failing to protect client assets appeared first on CityAM.
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Charles Schwab Blogs

January 15, 2021

Schwab Market Perspective: A Narrow Path

Schwab Market Perspective: A Narrow Path Elisa.SanchezNunez Fri, 01/15/2021 - 15:01 Body U.S. stocks have continued to climb amid optimism about a vaccine-led economic recovery, but bad news could easily throw markets off track. Button …
January 15, 2021

Dems Take Control, but No Carte Blanche for Biden

Dems Take Control, but No Carte Blanche for Biden Elisa.SanchezNunez Fri, 01/15/2021 - 15:00 Body Democrats will have full control of Washington, but with a slim majority in the House and a 50-50 tie in the Senate, compromise will be required to move their priorities through Co…
January 14, 2021

ROAR-GLOBAL-TRADFEATURES-MARGIN

ROAR-GLOBAL-TRADFEATURES-MARGIN ashley.davidson Thu, 01/14/2021 - 17:10 A margin account allows you to borrow against your eligible securities so you can purchase additional securities, sell securities short, obtain short-term financing, or use the account as a source of overdraft prote…
January 14, 2021

ROAR-GLOBAL-TRADFEATURES-FREQTRAD-YES

ROAR-GLOBAL-TRADFEATURES-FREQTRAD-YES ashley.davidson Thu, 01/14/2021 - 17:10 If you trade frequently, you'll get access to: Powerful, intuitive, and customizable trading platforms Real-time, streaming market data Priority access to experienced trading professionals  
January 14, 2021

LIBOR’s Slow Phase-Out: What You Should Know

LIBOR’s Slow Phase-Out: What You Should Know Elisa.SanchezNunez Thu, 01/14/2021 - 11:10 Body LIBOR is still being retired, just a little later than initially expected. Here’s what you should know. Button Read More …
January 13, 2021

Fixed Indexed Annuities

Fixed Indexed Annuities ashley.davidson Wed, 01/13/2021 - 16:55 Body Receive principal protection with the potential to earn an attractive interest tied to the market. If needed, get income for life. Link Fixed Indexed Annuity …
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 Charles Schwab Frequently Asked Questions

  • When was Charles Schwab founded?

    Charles Schwab was founded in 1986.

  • Who are Charles Schwab key executives?

    Charles Schwab's key executives are Walter W. Bettinger, Charles Schwab and Steve Anderson.

  • How many employees does Charles Schwab have?

    Charles Schwab has 19,700 employees.

  • What is Charles Schwab revenue?

    Latest Charles Schwab annual revenue is $11.8 b.

  • What is Charles Schwab revenue per employee?

    Latest Charles Schwab revenue per employee is $598.2 k.

  • Who are Charles Schwab competitors?

    Competitors of Charles Schwab include Legg Mason, Robinhood and Lazard.

  • 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 4 other locations.

  • How many offices does Charles Schwab have?

    Charles Schwab has 8 offices.