Schwab Charles (SCHW-PJ) Operating Expenses (2009 - 2026)

Schwab Charles' quarterly Operating Expenses came in at $3.3 billion in Q1 2026, up 4.77% year-on-year from $3.1 billion in Q1 2025, and up 4.37% quarter-over-quarter from $3.2 billion in Q4 2025.

Schwab Charles has reported Operating Expenses for 18 years, with the latest figure at $3.3 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.77% year-over-year to $3.3 billion; the trailing twelve-month figure through Mar 2026 stood at $12.6 billion (up 4.09% YoY), and the FY2025 full-year result was $12.5 billion, up 4.6% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.3 billion, up from $3.2 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.3 billion in Q1 2026, with the low at $2.8 billion in Q2 2022.
  • Average Operating Expenses over 5 years is $3.0 billion, with a median of $3.0 billion recorded in 2023.
  • Year-over-year, Operating Expenses gained 14.17% in 2023 and decreased 7.38% in 2024.
  • Tracing SCHW-PJ's Operating Expenses over 5 years: stood at $2.9 billion in 2022, then advanced by 12.63% to $3.3 billion in 2023, then declined by 7.38% to $3.0 billion in 2024, then increased by 4.37% to $3.2 billion in 2025, then rose 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 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Schwab Charles - - - 3.29 Bn

Historic Data

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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
Mar 31, 2021 2.76 Bn
Dec 31, 2020 2.70 Bn
Sep 30, 2020 1.56 Bn
Jun 30, 2020 1.56 Bn
Mar 31, 2020 1.57 Bn
Dec 31, 2019 1.49 Bn
Sep 30, 2019 1.48 Bn
Jun 30, 2019 1.45 Bn
Mar 31, 2019 1.46 Bn
Dec 31, 2018 1.46 Bn
Sep 30, 2018 1.36 Bn
Jun 30, 2018 1.36 Bn
Mar 31, 2018 1.40 Bn
Dec 31, 2017 1.29 Bn
Sep 30, 2017 1.22 Bn
Jun 30, 2017 1.22 Bn
Mar 31, 2017 1.24 Bn
Dec 31, 2016 1.15 Bn
Sep 30, 2016 1.12 Bn
Jun 30, 2016 1.11 Bn
Mar 31, 2016 1.11 Bn
Dec 31, 2015 1.05 Bn
Sep 30, 2015 1.01 Bn
Jun 30, 2015 999.00 Mn
Mar 31, 2015 1.04 Bn
Dec 31, 2014 997.00 Mn
Sep 30, 2014 1.03 Bn
Jun 30, 2014 957.00 Mn
Mar 31, 2014 956.00 Mn
Dec 31, 2013 937.00 Mn
Sep 30, 2013 909.00 Mn
Jun 30, 2013 925.00 Mn
Mar 31, 2013 959.00 Mn
Dec 31, 2012 871.00 Mn
Sep 30, 2012 835.00 Mn
Jun 30, 2012 851.00 Mn
Mar 31, 2012 876.00 Mn
Dec 31, 2011 861.00 Mn
Sep 30, 2011 821.00 Mn
Jun 30, 2011 804.00 Mn
Mar 31, 2011 813.00 Mn
Dec 31, 2010 898.00 Mn
Sep 30, 2010 864.00 Mn
Jun 30, 2010 742.00 Mn
Mar 31, 2010 965.00 Mn
Dec 31, 2009 720.00 Mn
Sep 30, 2009 691.00 Mn
Jun 30, 2009 750.00 Mn
Mar 31, 2009 756.00 Mn