Schwab Charles (SCHW) Tax Rate (2009 - 2026)
Schwab Charles (SCHW) posted Tax Rate of 23.68% for Q2 2026, up 6.5% on a QoQ basis from 22.24% in Q1 2026, and down 47.0% year-over-year from 44.69% in Q2 2025.
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Analysis
Schwab Charles (SCHW) Tax Rate (2009 - 2026) Analysis & Trends
Schwab Charles has reported Tax Rate for 18 years, with the latest figure at 23.68% in Q2 2026.
- On a quarterly basis, Tax Rate fell 47.0% year-over-year to 23.68% in Q2 2026; TTM through Jun 2026 was 22.68%, a 12.0% increase from a year earlier, with the FY2025 full-year figure at 22.75%, changed 0.0% from the prior year.
- Tax Rate was 23.68% for Q2 2026 at Schwab Charles, up from 22.24% in the prior quarter.
- The five-year high for Tax Rate was 24.54% in Q3 2022, with the low at 12.48% in Q4 2023.
- Average Tax Rate over 5 years is 22.28%, with a median of 23.52% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate sank 1177 bps in 2023, then soared 769 bps in 2024.
- Over 5 years, Tax Rate stood at 24.25% in 2022, then sank by 49 bps to 12.48% in 2023, then surged by 62 bps to 20.17% in 2024, then gained by 12 bps to 22.67% in 2025, then grew by 4 bps to 23.68% in 2026.
- The last three Tax Rate figures came in at 23.68% (Q2 2026), 22.24% (Q1 2026), and 22.67% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 23.07% |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 22.26% |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 22.60% |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 24.29% |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 17.42% |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | -38.63% |
| 10 | Schwab Charles | 181.98 Bn | 108.39 Bn | - | 23.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.68% |
| Mar 31, 2026 | 22.24% |
| Dec 31, 2025 | 22.67% |
| Sep 30, 2025 | 21.95% |
| Jun 30, 2025 | 24.15% |
| Mar 31, 2025 | 22.24% |
| Dec 31, 2024 | 20.17% |
| Sep 30, 2024 | 23.56% |
| Jun 30, 2024 | 23.76% |
| Mar 31, 2024 | 24.25% |
| Dec 31, 2023 | 12.48% |
| Sep 30, 2023 | 18.66% |
| Jun 30, 2023 | 23.48% |
| Mar 31, 2023 | 24.03% |
| Dec 31, 2022 | 24.25% |
| Sep 30, 2022 | 24.54% |
| Jun 30, 2022 | 21.15% |
| Mar 31, 2022 | 23.76% |
| Dec 31, 2021 | 21.90% |
| Sep 30, 2021 | 24.12% |