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
DateValue
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