Schwab Charles (SCHW-PJ) Operating Expenses (2009 - 2026)
Schwab Charles (SCHW-PJ) recorded quarterly Operating Expenses of $3.3 billion in Q1 2026, up 4.37% quarter-over-quarter from $3.2 billion in Q4 2025, and up 4.77% on a YoY basis from $3.1 billion in Q1 2025.
Schwab Charles (SCHW-PJ) Operating Expenses (2009 - 2026) Analysis & Trends
Schwab Charles' Operating Expenses history runs 18 years deep, the most recent figure standing at $3.3 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 4.77% year-over-year to $3.3 billion; the TTM figure through Mar 2026 stood at $12.6 billion (up 4.09% YoY), while the FY2025 annual figure was $12.5 billion, up 4.6% from the prior year.
- Operating Expenses was $3.3 billion for Q1 2026 at Schwab Charles, up from $3.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.3 billion in Q1 2026 to a low of $2.8 billion in Q2 2022.
- Historically, Operating Expenses has averaged $3.0 billion across 5 years, with a median of $3.0 billion in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 14.17% in 2023, then fell 7.38% in 2024.
- A 5-year view of Operating Expenses shows it stood at $2.9 billion in 2022, then gained by 12.63% to $3.3 billion in 2023, then dropped by 7.38% to $3.0 billion in 2024, then grew by 4.37% to $3.2 billion in 2025, then increased by 4.37% to $3.3 billion in 2026.
- The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $3.2 billion (Q4 2025), and $3.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Schwab Charles | - | - | - | 3.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.29 Bn |
| Dec 31, 2025 | 3.16 Bn |
| Sep 30, 2025 | 3.11 Bn |
| Jun 30, 2025 | 3.05 Bn |
| Mar 31, 2025 | 3.14 Bn |
| Dec 31, 2024 | 3.02 Bn |
| Sep 30, 2024 | 3.01 Bn |
| Jun 30, 2024 | 2.94 Bn |
| Mar 31, 2024 | 2.94 Bn |
| Dec 31, 2023 | 3.27 Bn |
| Sep 30, 2023 | 3.22 Bn |
| Jun 30, 2023 | 2.97 Bn |
| Mar 31, 2023 | 3.01 Bn |
| Dec 31, 2022 | 2.90 Bn |
| Sep 30, 2022 | 2.82 Bn |
| Jun 30, 2022 | 2.82 Bn |
| Mar 31, 2022 | 2.83 Bn |
| Dec 31, 2021 | 2.69 Bn |
| Sep 30, 2021 | 2.56 Bn |
| Jun 30, 2021 | 2.81 Bn |