SCHW Charles Schwab Corporation (The) Common Stock
NYSE · Financial Services · View on SEC EDGAR ↗ 10-K/10-Q Aug 7, 2026SCHW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| May 31, 2000 | 3-for-2 | Forward |
| July 2, 1999 | 2-for-1 | Forward |
| Dec. 14, 1998 | 3-for-2 | Forward |
| Sept. 16, 1997 | 3-for-2 | Forward |
| Sept. 5, 1995 | 2-for-1 | Forward |
| March 2, 1995 | 3-for-2 | Forward |
| June 2, 1993 | 3-for-2 | Forward |
| Dec. 3, 1991 | 3-for-2 | Forward |
About Charles Schwab Corporation (The) Common Stock Company overview from Wikipedia
The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing, and related services including consulting, and wealth management advisory services to both retail and institutional clients. One of the largest banks in the United States by assets, as of December 31, 2024, it had $10.10 trillion in client assets, 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts, and 2.0 million banking accounts. It also offers a donor advised fund for clients seeking to donate securities. It was founded in San Francisco, California, and is headquartered in Westlake, Texas. It has over 380 branches, primarily in financial centers in the United States and the United Kingdom.
Founded as First Commander Corporation in 1971 and renamed to Charles Schwab & Co. in 1973, the company leveraged deregulation of the 1970s to pioneer discount sales of equity securities. After a flagship opening in Sacramento, California, the bank expanded into Seattle before the 1980s economic expansion financed the bank's investments in technology, automation, and digital record keeping. The first to offer round-clock order entry and quotation, it was purchased by Bank of America in 1983 for $55 million. Three years later, the profitability of the bank's no-charge mutual funds prompted the founder to buy his company back for $280 million.
History
In 1963, Charles R. Schwab and two other partners launched Investment Indicator, an investment newsletter. At its height, the newsletter had 3,000 subscribers, each paying $84 a year to subscribe. In April 1971, the firm was incorporated in California as First Commander Corporation, a wholly owned subsidiary of Commander Industries, Inc., for traditional brokerage services and to publish the Schwab investment newsletter. In November of that year, Schwab and four others purchased all the stock from Commander Industries, Inc., and in 1972, Schwab bought all the stock from what was once Commander Industries. In 1973, the company name changed to Charles Schwab & Co., Inc.
Following the U.S. Securities and Exchange Commission's 1975 decision to allow negotiated commission rates, Schwab established a discount stock brokerage, opening its first branch in Sacramento that same year. The firm began offering client seminars in 1977. In 1978, Schwab had 45,000 client accounts total, doubling to 84,000 the next year. In 1979, Schwab risked $500,000 on a back-office settlement system called BETA (short for Brokerage Execution and Transaction Analysis), enabling Schwab to become the first discount broker to bring automation in house. In 1980, Schwab established the industry's first 24-hour quotation service, and the total of client accounts grew to 147,000. In 1981, Schwab became a member of the NYSE, and the total of client accounts grew to 222,000. In 1982, Schwab became the first to offer 24/7 order entry and quote service, its first international office was opened in Hong Kong, and the number of client accounts totaled 374,000.
In 1983, Bank of America acquired Charles Schwab for $55 million. In 1984, the company launched 140 no-load mutual funds. In 1987, management, including Charles R. Schwab, bought the company back from Bank of America for $280 million. In 1991, the company acquired Mayer & Schweitzer, a market making firm, allowing Schwab to execute its customers' orders without sending them to an exchange. In 1997, it was fined $200,000 for failing to arrange the best trades for its customers. The unit was renamed Schwab Capital Markets in 2000. In 1993, the company opened an office in London.
In 1995, Schwab acquired The Hampton Company, founded by Walter W. Bettinger, who became Schwab's CEO in 2008. The following year in 1996, they launched Web trading, letting customers trade listed and OTC stocks and check balances and order statuses on their website. Dissatisfied with its in-house design, the company hired Razorfish to overhaul the site. This redesign later appeared in the Cooper-Hewitt Museum's inaugural National Design Triennial. In 2000, Schwab purchased U.S. Trust for $2.73 billion. Less than a year later, U.S. Trust was fined $10 million for violating bank secrecy laws. It was ordered to pay $5 million to the New York State Banking Department and $5 million to the Federal Reserve Board. On November 20, 2006, Schwab announced agreed to sell U.S. Trust to Bank of America for $3.3 billion in cash. The deal closed in the second quarter of 2007.
In January 2004, Schwab acquired SoundView Technology Group for $345 million to add equity research capabilities. David S. Pottruck, who had spent the majority of his 20 years at the brokerage as Charles R. Schwab's right-hand man, shared the CEO title with the company's founder from 1998 to 2003. In May 2003, Mr. Schwab stepped down, and gave Pottruck sole control as CEO. On July 24, 2004, the company's board fired Pottruck, replacing him with its founder and namesake. News of Pottruck's removal came as the firm had announced that overall profit had dropped 10%, to $113 million, for the second quarter, driven largely by a 26% decline in revenue from customer stock trading.
After coming back into control, Schwab conceded that the company had "lost touch with our heritage", and quickly refocused the business on providing financial advice to individual investors. He also rolled back Pottruck's fee hikes. The company rebounded, and earnings improved in 2005, as did the stock price. The share price was up as high as 151% since Pottruck's removal, ten times since the return of Charles Schwab. The company's net transfer assets, or assets that come from other firms, quadrupled from 2004 to 2008. Schwab's YieldPlus fund drew controversy during the 2008 financial crisis because of its -31.7% return. Investors in the Schwab YieldPlus Fund, including Charles Schwab himself, lost $1.1 billion. Schwab closed the YieldPlus funds in 2011. In April 2007, the company acquired The 401(k) Company.
In December 15, 2005, the company transitioned from a dual listing on both the New York Stock Exchange and the Nasdaq to exclusively listing its common stock on the Nasdaq.
On July 22, 2008, Walter W. Bettinger, the previous chief operating officer, was named chief executive, succeeding the company's namesake. Charles R. Schwab remained executive chairman of the company and said that he would "continue to serve as a very active chairman".
On February 22, 2010, Charles Schwab switched its stock exchange listing back to the New York Stock Exchange.
In 2011, the company acquired OptionsXpress. The company also acquired Compliance11, Inc., a provider of compliance software. In 2012, it acquired ThomasPartners, an asset management firm.
On July 1, 2020, the company acquired Wasmer, Schroeder & Company, an independent investment manager of fixed income in separately managed accounts with $10.7 billion in assets under management.
On May 26, 2020, the company acquired USAA's investment management accounts for $1.8 billion in cash.
In June 2020, the company began allowing investors to purchase fractional shares of companies listed on the S&P 500 index.
In May 2020, the company announced “Stock Slices,” which allows investors to buy fractional shares. This allows investors the ability to build a portfolio of stocks with less than the funds required to purchase full shares.
In October 2020, the company acquired TD Ameritrade. As part of the acquisition, Toronto-Dominion Bank acquired around a 12% stake in the company. Soon after, Schwab began the process of transitioning TD Ameritrade accounts to Charles Schwab; once this was finished, TD Ameritrade was shut down in May 2024. In early 2025, TD Bank sold its stake in Schwab.
Effective on January 1, 2021, the company moved its headquarters from San Francisco, California to Westlake, Texas.
In June 2022, the U.S. Securities and Exchange Commission ordered the company to pay $187 million to settle its charges for failing to disclose fund allocations and fees for its robo-advisor clients. It was determined that between March 2015 to November 2018, Charles Schwab misled customers and prospective investors by allowing them to believe that its robo-advisor service had no hidden fees, and it did not inform the clients about the cash drag on their investments. The SEC stated that the company has made money from cash allocations in the robo-advisor portfolios by sweeping cash to its affiliated bank, loaning it out, and keeping the difference between the interest it earned on the loans and what it paid in interest to the robo-advisor clients.
On January 1, 2025, Rick Wurster assumed the CEO position of the company, replacing the retiring Walt Bettinger.
In November 2025, the company agreed to acquire Forge Global, a private shares platform, in a deal worth $660 million.
Senior leadership
Chairman: Charles R. Schwab (since 1971)
Chief Executive: Richard A. Wurster (since 2025)
List of former chief executives
Charles R. Schwab (1971–1998)
Charles R. Schwab and David S. Pottruck (1998–2003); co-CEO's
David S. Pottruck (2003–2004)
Charles R. Schwab (2004–2008); second term
Walter W. Bettinger II (2008-2024)
Marketing
In 2004, Charles Schwab chose Havas Worldwide (then called Euro RSCG) as its full-service advertising agency. The company launched a series of television ads featuring the slogan Talk to Chuck by Euro RSCG and directed/animated by Bob Sabiston's Flat Black Films in 2005. "Talk to Chuck" campaign appeared in print media, online, billboards, and branch offices. A blog post in The Wall Street Journal described the ads as effective because they included a single memorable phrase. In February 2013, Schwab hired Crispin Porter + Bogusky (CP+B) as its lead creative agency with Havas Worldwide remaining to create ads for ActiveTrader and optionsXpress. The company launched an advertising campaign by CP+B with the slogan Own Your Tomorrow that same year. In March 2015, Adweek reported on marketing material created by CP+B for Schwab's Intelligent Portfolio service.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | SCHW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 16.55Y avg ≈25.4 | ≈25.4 | 18.1 | Fair value | |
| P/S (TTM) | 7.25Y avg ≈7.9 | ≈7.9 | 4.5 | Overvalued | |
| P/B (MRQ) | 3.75Y avg ≈3.6 | ≈3.6 | 3.3 | Fair value | |
| Price / FCF (TTM) | 17.45Y avg ≈34.7 | ≈34.7 | · | · | |
| Price / Cash Flow (TTM) | 16.55Y avg ≈28.5 | ≈28.5 | 35.1 | Undervalued | |
| EV / Revenue | 6.05Y avg ≈5.8 | ≈5.8 | · | · | |
| EV / FCF | 16.45Y avg ≈25.4 | ≈25.4 | · | · | |
| Price / Tangible Book (MRQ) | 4.45Y avg ≈6.3 | ≈6.3 | · | · | |
| PEG Ratio | ≈1.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | SCHW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin (TTM) | 50.2%5Y avg ≈41.6% | ≈41.6% | 27.0% | Top tier | |
| Net Profit Margin (TTM) | 38.8%5Y avg ≈32.1% | ≈32.1% | 20.6% | Top tier | |
| ROA (TTM) | 2.1%5Y avg ≈1.2% | ≈1.2% | 2.1% | In line | |
| ROE (TTM) | 20.3%5Y avg ≈14.6% | ≈14.6% | 17.1% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | SCHW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.05Y avg ≈0.1 | ≈0.1 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | SCHW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 22.0%5Y avg ≈17.5% | ≈17.5% | · | · | |
| Revenue CAGR 3Y | 4.8%5Y avg ≈8.0% | ≈8.0% | · | · | |
| Revenue CAGR 5Y | 15.4% | · | · | · | |
| EPS YoY | 55.5%5Y avg ≈20.6% | ≈20.6% | · | · | |
| Net Income YoY | 49.0%5Y avg ≈27.4% | ≈27.4% | · | · | |
| EPS CAGR 3Y | 9.9%5Y avg ≈6.0% | ≈6.0% | · | · | |
| EPS CAGR 5Y | 17.0% | · | · | · | |
| Net Income CAGR 3Y | 7.2%5Y avg ≈7.7% | ≈7.7% | · | · | |
| Net Income CAGR 5Y | 21.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | SCHW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.1 | Weak | |
| Revenue / Employee | ≈$705.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 14, 2026 | $0.32 | USD | ≈1.1% |
| May 8, 2026 | $0.32 | USD | ≈1.3% |
| Feb 13, 2026 | $0.32 | USD | ≈1.2% |
| Nov 14, 2025 | $0.27 | USD | ≈1.1% |
| Aug 8, 2025 | $0.27 | USD | ≈1.1% |
| May 9, 2025 | $0.27 | USD | ≈1.2% |
| Feb 14, 2025 | $0.27 | USD | ≈1.3% |
| Nov 8, 2024 | $0.25 | USD | ≈1.4% |
| Aug 9, 2024 | $0.25 | USD | ≈1.6% |
| May 9, 2024 | $0.25 | USD | ≈1.3% |
| Feb 8, 2024 | $0.25 | USD | ≈1.6% |
| Nov 9, 2023 | $0.25 | USD | ≈1.8% |
| Aug 10, 2023 | $0.25 | USD | ≈1.5% |
| May 11, 2023 | $0.25 | USD | ≈2.0% |
| Feb 9, 2023 | $0.25 | USD | ≈1.1% |
| Nov 9, 2022 | $0.22 | USD | ≈1.1% |
| Aug 11, 2022 | $0.22 | USD | ≈1.1% |
| May 12, 2022 | $0.20 | USD | ≈1.2% |
| Feb 10, 2022 | $0.20 | USD | ≈0.80% |
| Nov 10, 2021 | $0.18 | USD | ≈0.89% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Sept. 30, 2026 | Oct 15, 2026 | $1.69 | $1.69 | -0.16% |
| June 30, 2026 | Jul 16, 2026 | $1.62 | $1.58 | 2.5% |
| March 31, 2026 | $1.43 | $1.42 | 0.48% | |
| Dec. 31, 2025 | $1.39 | $1.42 | -2.3% | |
| Sept. 30, 2025 | $1.31 | $1.27 | 3.0% | |
| June 30, 2025 | $1.14 | $1.12 | 1.6% | |
| March 31, 2025 | $1.04 | $1.03 | 1.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.92B | $19.61B | $18.84B | $20.76B | $18.52B | $11.69B | $10.72B | $10.13B | $8.62B | $7.48B | $6.38B | $6.06B | |
| Interest Expense | · | · | $6.68B | $1.54B | $476M | $418M | $1.06B | $857M | $342M | $171M | $132M | $102M | |
| Interest Income | $15.50B | $15.54B | $16.11B | $12.23B | $8.51B | $6.53B | $7.58B | $6.68B | $4.62B | $3.49B | $2.66B | $2.37B | |
| Pretax Income | $11.46B | $7.69B | $6.38B | $9.39B | $7.71B | $4.30B | $4.85B | $4.56B | $3.65B | $2.99B | $2.28B | $2.12B | |
| Income Tax | $2.61B | $1.75B | $1.31B | $2.21B | $1.86B | $1.00B | $1.14B | $1.05B | $1.30B | $1.10B | $832M | $794M | |
| Net Income | $8.85B | $5.94B | $5.07B | $7.18B | $5.86B | $3.30B | $3.70B | $3.51B | $2.35B | $1.89B | $1.45B | $1.32B | |
| EPS (Basic) | $4.67 | $3.00 | $2.55 | $3.52 | $2.84 | $2.13 | $2.69 | $2.47 | $1.63 | $1.32 | $1.04 | $0.96 | |
| EPS (Diluted) | $4.65 | $2.99 | $2.54 | $3.50 | $2.83 | $2.12 | $2.67 | $2.45 | $1.61 | $1.31 | $1.03 | $0.95 | |
| Shares (Basic) | 1,804,000,000 | 1,828,000,000 | 1,824,000,000 | 1,885,000,000 | 1,887,000,000 | 1,429,000,000 | 1,311,000,000 | 1,348,000,000 | 1,339,000,000 | 1,324,000,000 | 1,315,000,000 | 1,303,000,000 | |
| Shares (Diluted) | 1,809,000,000 | 1,834,000,000 | 1,831,000,000 | 1,894,000,000 | 1,897,000,000 | 1,435,000,000 | 1,320,000,000 | 1,361,000,000 | 1,353,000,000 | 1,334,000,000 | 1,327,000,000 | 1,315,000,000 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $46.03B | $42.08B | $43.34B | $40.20B | $62.98B | $40.35B | $29.34B | $27.94B | $14.22B | $10.83B | $11.98B | $11.36B | |
| PP&E (Net) | · | · | · | $3.71B | $3.44B | $2.88B | $2.13B | $1.77B | $1.47B | $1.30B | $1.15B | $1.04B | |
| PP&E (Gross) | · | · | · | · | · | $5.55B | $4.36B | $3.93B | $3.55B | $3.23B | $2.93B | $2.93B | |
| Accum. Depreciation | · | · | · | · | · | $2.67B | $2.24B | $2.16B | $2.08B | $1.94B | $1.79B | $1.89B | |
| Goodwill | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | |
| Intangibles | $7.23B | $7.74B | $8.26B | $8.79B | $9.38B | $9.99B | $128M | $152M | $108M | $144M | $181M | $227M | |
| Total Assets | $491.00B | $479.84B | $493.18B | $551.77B | $667.27B | $549.01B | $294.00B | $296.48B | $243.27B | $223.38B | $183.71B | $154.64B | |
| Short-term Debt | $1.90B | $0 | $0 | $250M | $4.86B | $0 | · | $0 | $15.00B | $0 | · | · | |
| Total Liabilities | $441.57B | $431.47B | $452.22B | $515.16B | $611.01B | $492.95B | $272.26B | $275.81B | $224.75B | $206.96B | $170.30B | $142.84B | |
| Long-term Debt | · | · | · | · | $18.91B | $13.63B | $7.43B | · | · | · | · | · | |
| Total Debt | $1.90B | $0 | $0 | $17.05B | $4.86B | · | · | $0 | $15.00B | · | · | · | |
| Common Stock | $21M | $20M | $20M | $20M | $20M | $20M | $15M | $15M | $15M | $15M | $15M | $15M | |
| Paid-in Capital | $28.00B | $27.64B | $27.33B | $27.07B | $26.74B | $26.52B | $4.66B | $4.50B | $4.35B | $4.27B | $4.15B | $4.05B | |
| Retained Earnings | $44.06B | $37.57B | $33.90B | $31.07B | $25.99B | $21.98B | $19.96B | $17.33B | $14.41B | $12.65B | $11.25B | $10.20B | |
| Treasury Stock | $18.44B | $11.20B | $11.35B | $8.64B | $5.34B | $5.58B | $5.77B | $3.71B | $2.89B | $3.13B | $3.34B | $3.50B | |
| AOCI | $-10.98B | $-14.85B | $-18.13B | $-22.62B | $-1.11B | $5.39B | $88M | $-252M | $-152M | $-163M | $-134M | $165M | |
| Stockholders' Equity | $49.42B | $48.38B | $40.96B | $36.61B | $56.26B | $56.06B | $21.75B | $20.67B | $18.52B | $16.42B | $13.40B | $11.80B | |
| Liabilities + Equity | $491.00B | $479.84B | $493.18B | $551.77B | $667.27B | $549.01B | $294.00B | $296.48B | $243.27B | $223.38B | $183.71B | $154.64B | |
| Shares Outstanding | 2,074,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 1,995,000,000 | 1,995,000,000 | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | $804M | $652M | $549M | $414M | $322M | $277M | $269M | $234M | $224M | $199M | |
| Stock-based Comp | $317M | $337M | $320M | $366M | $254M | $204M | $183M | $197M | $153M | $141M | $135M | $115M | |
| Deferred Tax | $361M | $-191M | $-478M | $-18M | $53M | $-138M | $2M | $49M | $58M | $15M | $-7M | $-25M | |
| Amort. of Intangibles | $512M | $519M | $534M | $596M | $615M | $190M | $27M | $29M | $37M | $37M | $45M | $44M | |
| Restructuring | · | · | · | $328M | $83M | $176M | · | · | · | · | · | · | |
| Operating Cash Flow | $9.31B | $2.67B | $19.59B | $2.06B | $2.12B | $6.85B | $9.32B | $12.46B | $-839M | $3.60B | $1.25B | $2.35B | |
| CapEx | $548M | $620M | $700M | $971M | $916M | $631M | $708M | $570M | $400M | $346M | $266M | $400M | |
| Investing Cash Flow | $24.54B | $35.43B | $57.41B | $32.05B | $-75.66B | $-125.85B | $11.96B | $-40.55B | $-20.47B | $-38.77B | · | · | |
| Debt Issued | · | · | · | $2.97B | $7.04B | $3.07B | $593M | $3.02B | $2.13B | $0 | $1.35B | · | |
| Net Debt Issued | · | · | · | $1.94B | $5.21B | $2.37B | $593M | $2.12B | $1.87B | $-7M | $989M | $-6M | |
| Stock Repurchased | $7.35B | $0 | $2.84B | $3.40B | $0 | $0 | $2.22B | $1.00B | $0 | $0 | · | · | |
| Net Stock Activity | $-7.35B | $0 | $-2.84B | $-3.40B | $0 | $0 | $-2.22B | $-1.00B | · | · | · | · | |
| Dividends Paid | $2.33B | $2.27B | $2.28B | $2.11B | $1.82B | $1.28B | $1.06B | $787M | $592M | $486M | $387M | $373M | |
| Financing Cash Flow | $-29.70B | $-47.06B | $-61.24B | $-68.72B | $96.32B | $143.98B | $-13.94B | $47.17B | $22.60B | $34.96B | · | · | |
| Net Change in Cash | $4.15B | $-8.96B | $15.75B | $-34.62B | $22.78B | $24.98B | $7.35B | $19.07B | $3.39B | $-1.15B | $615M | $3.63B | |
| Taxes Paid | $1.57B | $1.49B | $1.62B | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $8.76B | $2.05B | $18.89B | $1.09B | $1.20B | $6.22B | $8.62B | $11.89B | $863M | $2.32B | $980M | $1.95B | |
| Levered FCF | · | · | $13.58B | $-96M | $841M | $5.90B | $7.80B | $11.23B | $642M | $2.21B | $896M | $1.88B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 37.0% | 30.3% | 26.9% | 34.6% | 31.6% | 28.2% | 34.5% | 34.6% | 27.3% | 25.3% | 22.7% | 21.8% | |
| Pretax Margin | 47.9% | 39.2% | 33.9% | 45.2% | 41.6% | 36.8% | 45.2% | 45.0% | 42.4% | 40.0% | 35.7% | 34.9% | |
| ROA | 1.8% | 1.2% | 0.97% | 1.2% | 0.96% | 0.78% | 1.2% | 1.3% | 1.0% | 0.93% | 0.86% | 0.89% | |
| ROE | 17.9% | 12.4% | 12.9% | 19.5% | 10.3% | 7.5% | 17.2% | 16.9% | 12.9% | 11.8% | 11.5% | 11.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.5 | 0.1 | · | · | 0.0 | 0.8 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $23.83 | $23.91 | $20.25 | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | $13.22 | $10.69 | $10.29 | $10.96 | $9.76 | $8.15 | $8.12 | $7.44 | $6.37 | $5.61 | $4.81 | $4.61 | |
| Cash Flow / Share | $5.15 | $1.46 | $10.70 | $1.09 | $1.12 | $4.77 | $7.06 | $9.15 | $0.93 | $2.00 | $0.94 | $1.79 | |
| Cash / Share | $22.19 | $20.80 | $21.42 | · | · | · | · | · | · | · | · | · | |
| Dividend / Share | $1.08 | $1.00 | $1.00 | $0.84 | $0.72 | $0.72 | $0.68 | $0.46 | $0.32 | $0.27 | $0.24 | $0.24 | |
| EPS (TTM) | $4.65 | $2.99 | $2.54 | $3.50 | $2.83 | $2.12 | $2.67 | $2.45 | $1.61 | $1.31 | $1.03 | $0.95 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 22.0% | 4.1% | -9.3% | 12.1% | 58.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.8% | 1.9% | 17.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 15.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 55.5% | 17.7% | -27.4% | 23.7% | 33.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 9.9% | 1.8% | 6.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 17.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 49.0% | 17.3% | -29.5% | 22.7% | 77.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 7.2% | 0.49% | 15.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 21.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 12.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $23.92B | $19.61B | $18.84B | $20.76B | $18.52B | $11.69B | $10.72B | $10.13B | $8.62B | $7.48B | $6.38B | $6.06B | |
| Net Income TTM | $8.85B | $5.94B | $5.07B | $7.18B | $5.86B | $3.30B | $3.70B | $3.51B | $2.35B | $1.89B | $1.45B | $1.32B | |
| Market Cap | $207.21B | $149.72B | $139.18B | · | · | · | · | · | · | · | · | · | |
| Enterprise Value | $163.08B | $107.64B | $95.85B | · | · | · | · | · | · | · | · | · | |
| P/E | 21.5 | 24.8 | 27.1 | 23.8 | 29.7 | 25.0 | 17.8 | 17.0 | 31.9 | 30.1 | 32.0 | 31.8 | |
| P/S | 8.7 | 7.6 | 7.4 | · | · | · | · | · | · | · | · | · | |
| P/B | 4.2 | 3.1 | 3.4 | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 6.9 | 5.2 | 6.7 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 22.3 | 56.1 | 7.1 | · | · | · | · | · | · | · | · | · | |
| P / FCF | 23.6 | 73.0 | 7.4 | · | · | · | · | · | · | · | · | · | |
| EV / FCF | 18.6 | 52.5 | 5.1 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 6.8 | 5.5 | 5.1 | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 1.1% | 1.5% | 1.6% | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.7% | 4.0% | 3.7% | 4.2% | 3.4% | 4.0% | 5.6% | 5.9% | 3.1% | 3.3% | 3.1% | 3.1% | |
| Payout Ratio | 26.3% | 38.3% | 44.9% | 29.4% | 31.1% | 38.8% | 28.6% | 22.4% | 25.1% | 25.7% | 26.7% | 28.2% | |
| Annual Payout | $2.33B | $2.27B | $2.28B | $2.11B | $1.82B | $1.28B | $1.06B | $787M | $592M | $486M | $387M | $373M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.07B | $6.48B | $6.34B | $6.13B | $5.85B | $5.60B | $5.33B | $4.85B | $4.69B | $4.74B | $4.46B | $4.61B | $4.66B | $5.12B | $5.50B | $5.50B | |
| Interest Expense | · | · | · | · | · | · | · | $1.71B | $1.66B | $1.71B | · | $1.79B | $1.81B | $1.25B | · | $431M | |
| Interest Income | $4.15B | $3.96B | $4.00B | $3.96B | $3.79B | $3.76B | $3.85B | $3.93B | $3.82B | $3.94B | $3.96B | $4.03B | $4.10B | $4.02B | $3.84B | $3.36B | |
| Pretax Income | $3.67B | $3.19B | $3.18B | $3.02B | $2.80B | $2.46B | $2.31B | $1.84B | $1.75B | $1.80B | $1.19B | $1.38B | $1.69B | $2.11B | $2.60B | $2.68B | |
| Income Tax | $869M | $709M | $721M | $663M | $677M | $546M | $465M | $434M | $415M | $436M | $149M | $258M | $397M | $507M | $630M | $657M | |
| Net Income | $2.80B | $2.48B | $2.46B | $2.36B | $2.13B | $1.91B | $1.84B | $1.41B | $1.33B | $1.36B | $1.04B | $1.12B | $1.29B | $1.60B | $1.97B | $2.02B | |
| EPS (Basic) | $1.55 | $1.37 | $1.33 | $1.26 | $1.09 | $0.99 | $0.94 | $0.71 | $0.66 | $0.69 | $0.51 | $0.56 | $0.64 | $0.84 | $0.98 | $1.00 | |
| EPS (Diluted) | $1.54 | $1.37 | $1.32 | $1.26 | $1.08 | $0.99 | $0.94 | $0.71 | $0.66 | $0.68 | $0.51 | $0.56 | $0.64 | $0.83 | $0.97 | $0.99 | |
| Shares (Basic) | 1,735,000,000 | 1,746,000,000 | · | 1,806,000,000 | 1,817,000,000 | 1,817,000,000 | · | 1,829,000,000 | 1,828,000,000 | 1,825,000,000 | · | 1,821,000,000 | 1,820,000,000 | 1,834,000,000 | · | 1,887,000,000 | |
| Shares (Diluted) | 1,739,000,000 | 1,752,000,000 | · | 1,811,000,000 | 1,822,000,000 | 1,822,000,000 | · | 1,834,000,000 | 1,834,000,000 | 1,831,000,000 | · | 1,827,000,000 | 1,825,000,000 | 1,842,000,000 | · | 1,895,000,000 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $40.58B | $44.98B | $46.03B | $30.57B | $32.20B | $35.01B | $42.08B | $34.85B | $25.35B | $31.75B | $43.34B | $33.25B | $47.65B | $49.16B | $40.20B | $46.49B | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | $3.73B | $3.69B | $3.72B | · | $3.69B | |
| Goodwill | $12.29B | $12.30B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | $11.95B | |
| Intangibles | $7.28B | $7.41B | $7.23B | $7.36B | $7.49B | $7.62B | $7.74B | $7.87B | $8.00B | $8.13B | · | $8.39B | $8.52B | $8.66B | · | $8.92B | |
| Total Assets | $517.27B | $493.32B | $491.00B | $465.25B | $458.94B | $462.90B | $479.84B | $466.06B | $449.68B | $468.78B | · | $475.20B | $511.50B | $535.55B | · | $577.56B | |
| Short-term Debt | · | · | $1.90B | $800M | $2.00B | $950M | $0 | $0 | $0 | $0 | · | $85M | $0 | $250M | · | $500M | |
| Total Liabilities | $467.12B | $444.08B | $441.57B | $415.87B | $409.49B | $413.39B | $431.47B | $418.84B | $405.72B | $426.37B | · | $437.42B | $474.36B | $499.20B | · | $540.52B | |
| Total Debt | · | · | · | $800M | $2.00B | $950M | · | $0 | $0 | $0 | · | $85M | $0 | $250M | · | $500M | |
| Common Stock | $21M | $21M | $21M | $21M | $21M | $21M | $20M | $20M | $20M | $20M | · | $20M | $20M | $20M | · | $20M | |
| Paid-in Capital | $28.18B | $28.05B | $28.00B | $27.91B | $27.81B | $27.66B | $27.64B | $27.55B | $27.47B | $27.36B | · | $27.29B | $27.22B | $27.14B | · | $26.98B | |
| Retained Earnings | $48.04B | $45.91B | $44.06B | $42.17B | $40.37B | $38.88B | $37.57B | $36.30B | $35.46B | $34.70B | · | $33.43B | $32.87B | $32.14B | · | $29.65B | |
| Treasury Stock | $21.73B | $20.75B | $18.44B | $15.68B | $12.93B | $12.63B | $11.20B | $11.23B | $11.25B | $11.28B | · | $11.40B | $11.42B | $11.46B | · | $6.75B | |
| AOCI | $-10.57B | $-10.76B | $-10.98B | $-11.80B | $-12.59B | $-13.62B | $-14.85B | $-14.62B | $-16.94B | $-17.58B | · | $-20.75B | $-20.73B | $-20.69B | · | $-23.15B | |
| Stockholders' Equity | $50.15B | $49.23B | $49.42B | $49.38B | $49.45B | $49.51B | $48.38B | $47.22B | $43.95B | $42.41B | $40.96B | $37.78B | $37.15B | $36.35B | $36.61B | $37.04B | |
| Liabilities + Equity | $517.27B | $493.32B | $491.00B | $465.25B | $458.94B | $462.90B | $479.84B | $466.06B | $449.68B | $468.78B | · | $475.20B | $511.50B | $535.55B | · | $577.56B | |
| Shares Outstanding | 2,074,000,000 | 2,074,000,000 | 2,074,000,000 | 2,074,000,000 | 2,074,000,000 | 2,074,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | · | · | 2,023,000,000 | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $92M | $138M | $58M | $61M | $72M | $126M | $70M | $65M | $71M | $131M | $60M | $66M | $60M | $134M | $85M | $75M | |
| Deferred Tax | $-10M | $-10M | $-36M | $437M | $-5M | $-35M | $-28M | $-54M | $-60M | $-49M | $-483M | $1M | $1M | $3M | $39M | $-20M | |
| Amort. of Intangibles | $142M | $132M | $127M | $127M | $128M | $130M | $130M | $130M | $129M | $130M | $130M | $135M | $134M | $135M | $136M | $152M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | · | $30M | $10M | · | $6M | |
| Operating Cash Flow | $4.30B | $7.34B | $-763M | $538M | $3.18B | $6.36B | $-10.83B | $19.10B | $-4.25B | $-1.35B | $20.04B | $-5.01B | $-5.22B | $9.78B | $-2.11B | $9.05B | |
| CapEx | $185M | $140M | $158M | $145M | $128M | $117M | $254M | $128M | $89M | $149M | $63M | $239M | $239M | $159M | $202M | $232M | |
| Investing Cash Flow | $-6.41B | $-10M | $-1.15B | $6.14B | $9.08B | $10.47B | $7.73B | $8.52B | $9.71B | $9.47B | $9.68B | $18.53B | $18.17B | $11.03B | $11.54B | $21.76B | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | $999M | $2.38B | · | · | $333M | $1.50B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.84B | $1.94B | $1.46B | |
| Net Stock Activity | · | $-2.38B | · | · | · | $-1.50B | · | · | · | $0 | · | · | · | $-2.84B | · | · | |
| Dividends Paid | $643M | $632M | $564M | $562M | $608M | $595M | $575M | $563M | $575M | $562M | $573M | $561M | $574M | $568M | $551M | $539M | |
| Financing Cash Flow | $-1.96B | $-3.71B | $16.71B | $-7.38B | $-18.66B | $-20.36B | $1.60B | $-7.73B | $-16.01B | $-24.93B | $-153M | $-27.72B | $-23.27B | $-10.10B | $-15.96B | $-49.39B | |
| Net Change in Cash | $-4.08B | $3.62B | $14.80B | $-704M | $-6.41B | $-3.53B | $-1.49B | $19.89B | $-10.56B | $-16.80B | $29.57B | $-14.20B | $-10.32B | $10.71B | $-6.53B | $-18.58B | |
| Taxes Paid | $1.70B | $92M | $620M | $137M | $777M | $41M | $178M | $246M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $7.20B | · | · | · | $6.24B | · | · | · | $-1.50B | · | · | · | $9.62B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-2.79B | · | · | · | $8.67B | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 39.6% | 38.2% | · | 38.4% | 36.3% | 34.1% | · | 29.0% | 28.4% | 28.7% | · | 24.4% | 27.8% | 31.3% | · | 36.7% | |
| Pretax Margin | 51.9% | 49.2% | · | 49.2% | 47.9% | 43.9% | · | 38.0% | 37.2% | 37.9% | · | 30.0% | 36.3% | 41.2% | · | 48.7% | |
| ROA | 0.57% | 0.52% | · | 0.51% | 0.47% | 0.41% | · | 0.30% | 0.28% | 0.27% | · | 0.21% | 0.23% | 0.26% | · | 0.34% | |
| ROE | 5.6% | 5.0% | · | 4.9% | 4.5% | 4.2% | · | 3.3% | 3.3% | 3.5% | · | 3.0% | 3.2% | 3.8% | · | 4.3% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $24.18 | $23.74 | · | $23.81 | $23.84 | $23.87 | · | $23.34 | $21.73 | $20.96 | · | $18.68 | · | · | · | · | |
| Revenue / Share | $4.07 | $3.70 | · | $3.39 | $3.21 | $3.07 | · | $2.64 | $2.56 | $2.59 | · | $2.52 | $2.55 | $2.78 | · | $2.90 | |
| Cash Flow / Share | · | $4.19 | · | · | · | $3.49 | · | · | · | $-0.74 | · | · | · | $5.31 | · | · | |
| Cash / Share | $19.57 | $21.69 | · | $14.74 | $15.52 | $16.88 | · | $17.23 | $12.53 | $15.70 | · | $16.44 | · | · | · | · | |
| Dividend / Share | $0.32 | $0.32 | $0.27 | $0.27 | $0.27 | $0.27 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.22 | $0.22 | |
| EPS (TTM) | $5.49 | $5.03 | · | $4.27 | $3.72 | $3.30 | · | $2.56 | $2.41 | $2.39 | · | $3.00 | $3.43 | $3.66 | · | $3.30 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $26.02B | $24.80B | · | $22.91B | $21.63B | $20.46B | · | $18.74B | $18.50B | $18.46B | · | $19.88B | $20.77B | $21.21B | · | $19.97B | |
| Net Income TTM | $10.10B | $9.42B | · | $8.23B | $7.28B | $6.49B | · | $5.15B | $4.86B | $4.83B | · | $5.99B | $6.88B | $7.38B | · | $6.79B | |
| Market Cap | $191.37B | $194.91B | · | $198.00B | $189.23B | $162.35B | · | $131.11B | $149.07B | $146.34B | · | $111.06B | · | · | · | · | |
| Enterprise Value | · | · | · | $168.23B | $159.04B | $128.29B | · | $96.26B | $123.72B | $114.59B | · | $77.90B | · | · | · | · | |
| P/E | 16.8 | 18.7 | · | 22.4 | 24.5 | 23.7 | · | 25.3 | 30.6 | 30.3 | · | 18.3 | 16.5 | 14.3 | · | 21.8 | |
| P/S | 7.4 | 7.9 | · | 8.6 | 8.8 | 7.9 | · | 7.0 | 8.1 | 7.9 | · | 5.6 | · | · | · | · | |
| P/B | 3.8 | 4.0 | · | 4.0 | 3.8 | 3.3 | · | 2.8 | 3.4 | 3.5 | · | 2.9 | · | · | · | · | |
| P / Tangible Book | 6.3 | 6.6 | · | 6.6 | 6.3 | 5.4 | · | 4.8 | 6.2 | 6.6 | · | 6.4 | · | · | · | · | |
| P / Cash Flow | · | 26.5 | · | · | · | 25.5 | · | · | · | -108.5 | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | 7.3 | 7.4 | 6.3 | · | 5.1 | 6.7 | 6.2 | · | 3.9 | · | · | · | · | |
| Dividend Yield | 1.2% | 1.2% | · | 1.2% | 1.2% | 1.4% | · | 1.7% | 1.5% | 1.6% | · | 2.0% | · | · | · | · | |
| Earnings Yield | 5.9% | 5.3% | · | 4.5% | 4.1% | 4.2% | · | 4.0% | 3.3% | 3.3% | · | 5.5% | 6.0% | 7.0% | · | 4.6% | |
| Payout Ratio | · | 25.5% | · | · | · | 31.2% | · | · | · | 41.3% | · | · | · | 35.4% | · | · | |
| Annual Payout | $2.40B | $2.37B | · | $2.34B | $2.34B | $2.31B | · | $2.27B | $2.27B | $2.27B | · | $2.25B | $2.23B | $2.17B | · | $2.01B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $23.92B | $19.61B | $18.84B | $20.76B | $18.52B |
| Net Income | $8.85B | $5.94B | $5.07B | $7.18B | $5.86B |
| Diluted EPS | $4.65 | $2.99 | $2.54 | $3.50 | $2.83 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.5 | 0.1 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $8.76B | $2.05B | $18.89B | $1.09B | $1.20B |
Institutional owners (13F) 2,554 filers · $147.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 163 (-77 vs prior Q) | 154 (+8 vs prior Q) | 934 (-49 vs prior Q) | 980 (+90 vs prior Q) | +49.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $15,039,347,595 | 150,528,952 | 10.22% | Shares |
| BlackRock, Inc. | $12,402,467,320 | 134,414,949 | 8.43% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $9,903,335,132 | 107,329,957 | 6.73% | Shares |
| Dodge & Cox | $7,101,867,203 | 76,968,323 | 4.83% | Shares |
| STATE STREET CORP | $6,751,782,327 | 73,174,188 | 4.59% | Shares |
| JPMORGAN CHASE & CO | $4,451,907,785 | 49,165,186 | 3.03% | Shares |
| FMR LLC | $4,084,373,496 | 44,265,455 | 2.78% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,427,259,040 | 37,293,274 | 2.33% | Shares |
| FRANKLIN RESOURCES INC | $3,365,708,313 | 36,476,735 | 2.29% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,481,053,751 | 26,889,062 | 1.69% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $2,317,904,983 | 25,120,895 | 1.58% | Shares |
| HARRIS ASSOCIATES L P | $2,233,069,698 | 24,201,471 | 1.52% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $2,129,335,613 | 13,356,306 | 1.45% | Shares |
| MORGAN STANLEY | $2,103,161,421 | 22,793,553 | 1.43% | Shares |
| NORGES BANK | $2,090,689,645 | 22,658,390 | 1.42% | Shares |
| Fisher Asset Management, LLC | $2,025,516,897 | 21,952,062 | 1.38% | Shares |
| Artisan Partners Limited Partnership | $1,746,737,165 | 18,930,716 | 1.19% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,475,687,418 | 15,993,144 | 1.00% | Shares |
| NORTHERN TRUST CORP | $1,471,936,438 | 15,952,492 | 1.00% | Shares |
| Invesco Ltd. | $1,207,879,789 | 13,090,710 | 0.82% | Shares |
| GOLDMAN SACHS GROUP INC | $1,167,172,806 | 12,649,537 | 0.79% | Shares |
| AMERIPRISE FINANCIAL INC | $1,156,185,184 | 12,530,896 | 0.79% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,116,075,747 | 11,875,673 | 0.76% | Shares |
| BAMCO INC /NY/ | $1,075,470,885 | 11,655,694 | 0.73% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,050,608,623 | 11,179,066 | 0.71% | Shares |
| FLOSSBACH VON STORCH SE | $987,929,723 | 10,706,944 | 0.67% | Shares |
| VIKING GLOBAL INVESTORS LP | $981,648,443 | 10,638,869 | 0.67% | Shares |
| Bank of New York Mellon Corp | $967,847,506 | 10,489,297 | 0.66% | Shares |
| UBS Group AG | $887,337,432 | 9,616,749 | 0.60% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $874,044,553 | 9,472,684 | 0.59% | Shares |
| Legal & General Group Plc | $867,673,315 | 9,403,634 | 0.59% | Shares |
| BROWN ADVISORY INC | $859,864,966 | 9,318,993 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $849,725,410 | 9,209,119 | 0.58% | Shares |
| Baird Financial Group, Inc. | $804,811,020 | 8,722,348 | 0.55% | Shares |
| TWO SIGMA INVESTMENTS, LP | $777,444,414 | 8,425,755 | 0.53% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $735,494,688 | 7,971,114 | 0.50% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $704,245,331 | 7,632,441 | 0.48% | Shares |
| Amundi | $632,119,442 | 6,850,758 | 0.43% | Shares |
| TWO SIGMA ADVISERS, LP | $627,823,949 | 6,283,895 | 0.43% | Shares |
| DEUTSCHE BANK AG\ | $614,184,273 | 6,656,381 | 0.42% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $582,112,455 | 6,309,493 | 0.40% | Shares |
| Nuveen, LLC | $543,112,949 | 5,886,128 | 0.37% | Shares |
| D. E. Shaw & Co., Inc. | $533,284,338 | 5,779,607 | 0.36% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $526,249,119 | 5,703,361 | 0.36% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $514,124,031 | 5,571,968 | 0.35% | Shares |
| ROYAL BANK OF CANADA | $480,225,000 | 5,204,548 | 0.33% | Shares |
| AMERICAN CENTURY COMPANIES INC | $455,397,885 | 4,935,492 | 0.31% | Shares |
| FIRST TRUST ADVISORS LP | $442,446,694 | 4,795,131 | 0.30% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $436,533,339 | 4,704,530 | 0.30% | Shares |
| Ruane, Cunniff & Goldfarb L.P. | $421,798,926 | 4,571,355 | 0.29% | Shares |
Activists & 5%+ owners 11 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| The Toronto-Dominion Bank, TD Group US Holdings LLC ×3 filings | Feb. 12, 2025 | 0.10% | Amendment | Capital structure | SEC |
| CHARLES R. SCHWAB ×9 filings | Feb. 27, 2023 | · | Initial filing | · | SEC |
| OR | Oct. 16, 2020 | · | Initial filing | Board campaign | SEC |
| The Charles Schwab Corporation | Dec. 4, 2019 | · | Initial filing | M&A / sale | SEC |
| March 28, 2011 | · | Initial filing | M&A / sale | SEC | |
| IRS Identification No. of Above Person (Entities Only) Charles R. Schwab | July 10, 2007 | · | Initial filing | · | SEC |
| IRS Identification No. of Above Person Charles R. Schwab | March 9, 2006 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Jan. 22, 2004 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Sept. 13, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | April 17, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 6, 2002 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 67 insiders · 28 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Richard A Wurster | President & CEO | May 28, 2026 P | 218,409 | 1 | 0 | $1,849,607 |
| Michael D Verdeschi | CFO | June 3, 2026 F | 47,442 | 0 | 0 | $0 |
| Peter B. Crawford | CFO | April 24, 2024 M | 60,567 | 0 | 0 | $0 |
| Neesha Hathi | MD, Head Wealth Adv, Bnk, Tst | Oct. 1, 2026 M | 5,770 | 0 | 3 | $-1,178,917 |
| Walter W Bettinger | Co-Chairman | Aug. 28, 2026 M | 610,360 | 0 | 10 | $-91,838,406 |
| Schwab Charles R. | Co-Chairman | Aug. 27, 2026 G | 53,549,441 | 0 | 27 | $-185,835,685 |
| Jonathan S Beatty | MD, Head of Advisor Services | Aug. 17, 2026 S | 10,738 | 0 | 9 | $-1,826,385 |
| Jonathan M. Craig | MD, Head of Retail Investing | Aug. 14, 2026 M | 0 | 0 | 7 | $-13,852,468 |
| Dennis Howard | MD, Chief Tech, OPS & Data Off | Aug. 13, 2026 S | 6,980 | 0 | 5 | $-6,789,629 |
| Nigel J Murtagh | Chief Risk Officer | Aug. 10, 2026 M | 57,972 | 0 | 8 | $-11,526,590 |
| Peter J. Morgan III | General Counsel | July 23, 2026 S | 0 | 0 | 2 | $-1,502,079 |
| Paul V Woolway | MD, Chief Banking Officer | April 15, 2026 M | 29,866 | 0 | 6 | $-3,662,779 |
| Bernard J. Clark | MD Head of Advisor Services | June 12, 2024 M | 121,666 | 0 | 0 | $0 |
| Jay L Allen | EVP and Chief Admin Officer | June 11, 2015 M | 5,654 | 0 | 0 | $0 |
| James D Mccool | EVP - Client Solutions | June 5, 2015 M | 110,838 | 0 | 0 | $0 |
| George A. Gill | EVP - Investor Services | Nov. 3, 2014 A | 58,995 | 0 | 0 | $0 |
| John S Clendening | EVP - Investor Services | Nov. 3, 2014 A | 76,197 | 0 | 0 | $0 |
| Carrie E Dwyer | EVP and General Counsel | April 17, 2014 S | 0 | 0 | 0 | $0 |
| Benjamin L Brigeman | EVP - Investor Services | Feb. 3, 2012 M | 88,399 | 0 | 0 | $0 |
| Rebecca Saeger | EVP & Chief Marketing Officer | Nov. 2, 2010 A | 75,889 | 0 | 0 | $0 |
| Deborah D Mcwhinney | EVP - Schwab Institutional | May 3, 2007 G | 15,830 | 0 | 0 | $0 |
| William L Atwell | EVP/President - Ind. Investor | Sept. 7, 2005 A | · | 0 | 0 | $0 |
| Alan J Weber | Executive Vice President | Sept. 30, 2004 A | · | 0 | 0 | $0 |
| Geoffrey J Penney | EVP and CIO | Feb. 26, 2004 S | 355,499 | 0 | 0 | $0 |
| Mary S Mcleod | Executive Vice President | Feb. 25, 2004 S | 268,882 | 0 | 0 | $0 |
| Daniel O Leemon | EVP and Chief Strategy Officer | Oct. 16, 2003 G | 253,795 | 0 | 0 | $0 |
| Lon Gorman | Vice Chairman | Oct. 15, 2003 S | 174,334 | 0 | 0 | $0 |
| John Philip Coghlan | Vice Chairman | July 25, 2003 S | 838,708 | 0 | 0 | $0 |
| Marianne Catherine Brown | Director | Oct. 1, 2026 A | 17,353 | 0 | 0 | $0 |
| Charles A. Ruffel | Director | Oct. 1, 2026 A | 11,381 | 0 | 0 | $0 |
| Stephen A Ellis | Director | Oct. 1, 2026 A | 7,445 | 0 | 1 | $-1,035,713 |
| Frank C Herringer | Director | Oct. 1, 2026 A | 12,268 | 0 | 1 | $-228,312 |
| Carolyn Schwab-Pomerantz | Director | Aug. 26, 2026 S | 1,323,162 | 0 | 9 | $-13,227,512 |
| Joan Dea | Director | May 26, 2026 A | 28,440 | 0 | 0 | $0 |
| John K Adams JR | Director | May 26, 2026 A | 50,711 | 0 | 0 | $0 |
| Arun Sarin | Director | May 26, 2026 A | 12,268 | 0 | 1 | $-227,900 |
| Christopher V Dodds | Director | May 26, 2026 A | 5,669 | 0 | 1 | $-1,236,304 |
| Gerri Martin-Flickinger | Director | May 27, 2025 A | 5,767 | 0 | 0 | $0 |
| Todd M Ricketts | Director | May 27, 2025 A | 379,767 | 0 | 0 | $0 |
| Mark A Goldfarb | Director | April 16, 2024 S | 19,917 | 0 | 0 | $0 |
| William F Aldinger III | Director | May 18, 2009 A | 15,898 | 0 | 0 | $0 |
| FISHER DONALD G | Director | May 18, 2009 A | 10,398 | 0 | 0 | $0 |
| Marjorie Magner | Director | May 19, 2008 A | 9,436 | 0 | 0 | $0 |
| David B Yoffie | Director | May 9, 2007 M | 21,432 | 0 | 0 | $0 |
| Paula A Sneed | · | Aug. 7, 2026 S | 91,711 | 0 | 1 | $-563,930 |
| Bharat Masrani | · | Jan. 2, 2025 A | 7,279 | 0 | 0 | $0 |
| Brian M Levitt | · | May 28, 2024 A | 7,279 | 0 | 0 | $0 |
| Joseph R Martinetto | · | April 18, 2024 G | 246,433 | 0 | 0 | $0 |
| William S Haraf | · | May 19, 2022 A | 34,555 | 0 | 0 | $0 |
| Roger O Walther | · | Nov. 18, 2020 S | 219,256 | 0 | 0 | $0 |
| Stephen T Mclin | · | April 21, 2020 M | 157,109 | 0 | 0 | $0 |
| Terri R Kallsen | · | March 6, 2019 S | 0 | 0 | 0 | $0 |
| Marie A Chandoha | · | March 5, 2019 M | 17,777 | 0 | 0 | $0 |
| David R Garfield | · | March 1, 2019 A | 29,044 | 0 | 0 | $0 |
| Robert N Wilson | · | Dec. 13, 2018 M | 193,282 | 0 | 0 | $0 |
| Preston C Butcher | · | May 8, 2018 M | 910,559 | 0 | 0 | $0 |
| Nancy H Bechtle | · | Aug. 7, 2017 S | 189,346 | 0 | 0 | $0 |
| Charles G Goldman | · | Nov. 17, 2008 F | 47,487 | 0 | 0 | $0 |
| Gideon Sasson | · | June 15, 2007 X | 176,757 | 0 | 0 | $0 |
| Randall W Merk | · | March 6, 2007 M | 182,393 | 0 | 0 | $0 |
| Jan Hier-King | · | Feb. 25, 2007 F | 27,553 | 0 | 0 | $0 |
| Peter K Scaturro | · | Oct. 30, 2006 A | 203,545 | 0 | 0 | $0 |
| George P Shultz | · | Jan. 19, 2005 S | 97,250 | 0 | 0 | $0 |
| Jeffrey M Lyons | · | Dec. 16, 2004 S | 369,501 | 0 | 0 | $0 |
| Jody L Bilney | · | Sept. 30, 2004 A | · | 0 | 0 | $0 |
| Anthony M Frank | · | July 1, 2004 A | 613,533 | 0 | 0 | $0 |
| David S Pottruck | · | April 16, 2004 M | 4,303,459 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 166 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NITE · Capitol Series Trust | 4.95% | 14,599 NS | July 31, 2026 | N-PORT |
| EQTY · Valued Advisers Trust | 4.91% | 664,971 NS | July 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 4.48% | 858,447 SH | Oct. 23, 2026 | Daily |
| TEXN · iShares Trust | 2.91% | 5,098 SH | Sept. 11, 2026 | Daily |
| IYF · iShares Trust | 2.67% | 1,089,530 SH | Sept. 11, 2026 | Daily |
| CVGD · Elevation Series Trust | 2.48% | 32,635 NS | July 31, 2026 | N-PORT |
| IYG · iShares Trust | 2.42% | 495,811 SH | Sept. 11, 2026 | Daily |
| PGF · Invesco Exchange-Traded Fund Trust | 2.14% | 675,604 | Oct. 23, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 1.92% | 433,668 NS | July 31, 2026 | N-PORT |
| VFH · VANGUARD WORLD FUND | 1.78% | 2,689,627 SH | Aug. 19, 2026 | Daily |
| REVS · Columbia ETF Trust I | 1.63% | 51,685 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 1.61% | 51,312,000 | Oct. 23, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 1.45% | 2,273 NS | July 31, 2026 | N-PORT |
| FAS · Direxion Shares ETF Trust | 1.44% | 322,102 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 1.23% | 20,687 NS | July 31, 2026 | N-PORT |
| DFNL · Davis Fundamental ETF Trust | 1.16% | 53,035 NS | July 31, 2026 | N-PORT |
| SNPV · DBX ETF Trust | 1.14% | 28,498 NS | Aug. 31, 2026 | N-PORT |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.13% | 40,278 SH | Oct. 23, 2026 | Daily |
| IXG · iShares Trust | 1.10% | 71,009 SH | Sept. 11, 2026 | Daily |
| RDVI · First Trust Exchange-Traded Fund IV | 1.08% | 369,686 NS | July 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 1.06% | 2,024,733 | Oct. 23, 2026 | Daily |
| SOVF · Elevation Series Trust | 1.03% | 8,557 NS | July 31, 2026 | N-PORT |
| JGLO · J.P. Morgan Exchange-Traded Fund Tr… | 1.01% | 638,023 NS | July 31, 2026 | N-PORT |
| BRES · EA Series Trust | 0.97% | 62,274 NS | July 31, 2026 | N-PORT |
| RECS · Columbia ETF Trust I | 0.89% | 493,274 NS | July 31, 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.85% | 265,366 SH | Oct. 23, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.79% | 69,583 NS | July 31, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.79% | 1,789 NS | July 31, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.78% | 16,265 NS | July 31, 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0.78% | 18,120 NS | July 31, 2026 | N-PORT |
| VUS · Virtus ETF Trust II | 0.78% | 1,320 NS | July 31, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.77% | 65,758 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.76% | 334,535 NS | July 31, 2026 | N-PORT |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.75% | 6,924 NS | July 31, 2026 | N-PORT |
| JDIV · J.P. Morgan Exchange-Traded Fund Tr… | 0.73% | 894 NS | July 31, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.72% | 1,038,451 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.71% | 98,156 SH | Sept. 11, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.71% | 36,455 SH | Aug. 19, 2026 | Daily |
| FFLC · FIDELITY COVINGTON TRUST | 0.70% | 79,441 NS | July 31, 2026 | N-PORT |
| HAPI · Harbor ETF Trust | 0.66% | 30,824 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.66% | 30,104,000 | Oct. 22, 2026 | Daily |
| LGDX · Tidal Trust III | 0.63% | 8,559 NS | July 31, 2026 | N-PORT |
| OEI · Listed Funds Trust | 0.61% | 2,685 NS | July 31, 2026 | N-PORT |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.60% | 164,000 | Oct. 23, 2026 | Daily |
| IWX · iShares Trust | 0.60% | 218,342 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.59% | 140,169 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.59% | 2,715,168 SH | Sept. 11, 2026 | Daily |
| LEXI · Listed Funds Trust | 0.58% | 10,042 NS | Aug. 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.57% | 15,710,997 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.56% | 1,430,444 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.53% | 16,348 NS | July 31, 2026 | N-PORT |
| USSG · DBX ETF Trust | 0.52% | 28,031 NS | Aug. 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.52% | 376,450 SH | Aug. 19, 2026 | Daily |
| SUSL · iShares Trust | 0.52% | 58,311 SH | Sept. 11, 2026 | Daily |
| PFF · iShares Trust | 0.51% | 3,300,764 SH | Sept. 11, 2026 | Daily |
| QUAL · iShares Trust | 0.50% | 2,180,596 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.50% | 252,519 SH | Sept. 11, 2026 | Daily |
| PABU · iShares Trust | 0.47% | 109,462 SH | Sept. 11, 2026 | Daily |
| SNPE · DBX ETF Trust | 0.44% | 117,278 NS | Aug. 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.44% | 3,359,701 SH | Sept. 11, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.43% | 15,859,000 | Oct. 23, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.42% | 44 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.40% | 83 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.39% | 912,766 SH | Aug. 19, 2026 | Daily |
| OEF · iShares Trust | 0.37% | 691,755 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.37% | 18,345 NS | July 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.35% | 6,806 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.34% | 41,941 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.34% | 470,000 | Oct. 23, 2026 | Daily |
| USCL · iShares Trust | 0.33% | 87,447 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.32% | 992 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.31% | 63,563 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.30% | 37,689 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.30% | 18,821 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.29% | 330,565 SH | Aug. 19, 2026 | Daily |
| CHRI · Global X Funds | 0.28% | 212 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.28% | 7,790 NS | July 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.27% | 61,392 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.27% | 1,663 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.27% | 139,960 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.27% | 1,272 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.27% | 20,605,715 SH | Sept. 11, 2026 | Daily |
| XYLD · Global X Funds | 0.27% | 82,430 NS | July 31, 2026 | N-PORT |
| PEVC · Pacer Funds Trust | 0.27% | 61 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.27% | 147 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.27% | 82,672 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 225,250 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.27% | 49,712 SH | Oct. 23, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.27% | 27,631 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.26% | 31,769 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.26% | 121 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.26% | 89 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.26% | 369,482 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.26% | 6,564 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.26% | 8,142,000 | Oct. 23, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.25% | 499,538 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.25% | 70,254 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.25% | 1,130,579 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.25% | 6,168 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.25% | 8,707 SH | Sept. 11, 2026 | Daily |
| APUE · Trust for Professional Managers | 0.24% | 55,521 NS | Aug. 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.24% | 39,385 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.24% | 450,948 SH | Sept. 11, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.24% | 1,929,559 SH | Aug. 19, 2026 | Daily |
| ITOT · iShares Trust | 0.24% | 2,128,347 SH | Sept. 11, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.23% | 42,451,549 SH | Aug. 19, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.23% | 264,308 SH | Oct. 23, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.23% | 9,747 SH | Oct. 23, 2026 | Daily |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.23% | 15,649 NS | Aug. 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.22% | 270,289 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.22% | 45,504 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.22% | 23,729 SH | Sept. 11, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.22% | 27,124 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.22% | 3,125 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.21% | 46,341 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.21% | 11,377 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.21% | 52,458,730 SH | Aug. 19, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.21% | 15,864 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.21% | 137,612 SH | Aug. 19, 2026 | Daily |
| KOKU · DBX ETF Trust | 0.21% | 15,534 NS | Aug. 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.21% | 809,841 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.21% | 8,288 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.21% | 4,575 SH | Sept. 11, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.21% | 134 NS | Aug. 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.21% | 244,075 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.20% | 127,797 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 35,193 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.20% | 148,716 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.19% | 1,280 SH | Oct. 23, 2026 | Daily |
| ILCG · iShares Trust | 0.19% | 54,218 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.18% | 58,210 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.17% | 528,538 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.17% | 777,919 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.17% | 1,842,492 SH | Oct. 23, 2026 | Daily |
| GSY · Invesco Actively Managed Exchange-T… | 0.15% | 6,000,000 | Oct. 23, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.15% | 31 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.14% | 149,955 SH | Oct. 23, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.13% | 1,370,243 SH | Aug. 19, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.13% | 83,419 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.12% | 139,504 SH | Oct. 23, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.11% | 10,035 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.11% | 5,897 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.11% | 5,601 NS | July 31, 2026 | N-PORT |
| GTO · Invesco Actively Managed Exchange-T… | 0.09% | 2,807,000 | Oct. 23, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 365 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.06% | 70,000 | Oct. 23, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 4,892 SH | Oct. 23, 2026 | Daily |
| IWY · iShares Trust | 0.05% | 67,358 SH | Sept. 11, 2026 | Daily |
| IWF · iShares Trust | 0.04% | 460,454 SH | Sept. 11, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.04% | 1,030 NS | Aug. 31, 2026 | N-PORT |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.03% | 196,509 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 4,185 SH | Oct. 21, 2026 | Daily |
| NPFE · Elevation Series Trust | 0.00% | 66 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IAI · iShares Trust | · | 1,204,827 SH | Sept. 11, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
SCHW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
22 analysts · 2026-10-19Mean target $118.36 +30.7%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SCHW | $207.21B | 21.5 | 22.0% | 37.0% | 17.9% | · |
| MS | $281.00B | 17.4 | 14.4% | 23.9% | 15.6% | · |
| GS | $260.60B | 17.1 | 8.9% | 29.5% | 13.9% | · |
| IBKR | · | 29.0 | 23.4% | · | · | · |
| HOOD | $101.94B | 55.2 | 51.6% | 42.1% | 21.9% | · |
| RJF | $34.20B | 16.8 | 6.6% | 13.4% | 17.7% | · |
| LPLA | · | 32.7 | 37.2% | 5.1% | 16.6% | · |
| FRHC | $8.88B | 57.7 | 9.3% | 7.0% | 11.3% | · |
| JEF | · | 20.3 | 2.9% | 6.3% | 6.6% | · |
| SF | · | 14.2 | 6.7% | 10.8% | 11.7% | · |
| EVR | · | 24.2 | 29.5% | 15.3% | 31.7% | · |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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