Schwab Charles (SCHW) Operating Expenses (2009 - 2026)
Schwab Charles (SCHW) posted quarterly Operating Expenses of $3.3 billion for Q1 2026, up 4.77% year-over-year from $3.1 billion in Q1 2025, and up 4.37% quarter-over-quarter from $3.2 billion in Q4 2025.
Schwab Charles (SCHW) 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 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.
- The 5-year median for Operating Expenses is $3.0 billion (2023), against an average of $3.0 billion.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses grew 14.17% in 2023, then declined 7.38% in 2024.
- Schwab Charles' Operating Expenses stood at $2.9 billion in 2022, then rose by 12.63% to $3.3 billion in 2023, then slipped by 7.38% to $3.0 billion in 2024, then climbed by 4.37% to $3.2 billion in 2025, then grew by 4.37% to $3.3 billion in 2026.
- Business Quant data shows SCHW's Operating Expenses at $3.3 billion in Q1 2026, $3.2 billion in Q4 2025, and $3.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | -89.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.40 Bn |
| 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 |