Filing Flows › Schwab Charles (SCHW) › Q1 2025
Schwab Charles (SCHW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Schwab Charles (SCHW) reported revenue of $5.6B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +5% from the quarter before. Operating margin was 43.8%, net earnings $1.9B (34.1% of revenue).
Schwab Charles, Q1 2025: revenue $5.6B (+18% year over year), operating margin 43.8%, net earnings $1.9B, operating cash flow $6.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | +5% | +18% |
| Operating profit | $2.5B | +7% | +37% |
| Net earnings | $1.9B | +4% | +40% |
| Operating cash flow | $6.4B | — | — |
| Free cash flow | $6.2B | — | — |
What changed
Revenue was $5.6B in Q1 2025, up 18% year over year and up 5% from the previous quarter. Investor Services was the largest line at 79% of revenue. Investor Services added $0.71B year over year (up 19%), 82% of the total change.
Operating profit was $2.5B, a 43.8% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 38% margin then. Total costs grew 7% against revenue growth of 18%. Net earnings were $1.9B, up 40% year over year. The effective tax rate was 22.2%.
Operating cash flow was $6.4B, 333% of net earnings. Non-cash charges added back $0.13B of share-based compensation. Working capital and other items added $4.3B. Capital expenditures of $0.12B left free cash flow of $6.2B.
Questions
What was Schwab Charles' revenue in the first quarter 2025?
Schwab Charles (SCHW) reported revenue of $5.6B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +5% from the quarter before.
Was Schwab Charles profitable in the first quarter 2025?
Operating profit was $2.5B (43.8% of revenue) and net earnings $1.9B.
Source: Schwab Charles 10-Q on SEC EDGAR.