Financials Charles Schwab

Equities

SCHW

US8085131055

Investment Banking & Brokerage Services

Market Closed - Nyse Other stock markets 21:00:02 11/07/2025 BST			5-day change	1st Jan Change
91.97 ^USD	-1.15%		+0.54%	+24.27%

04:48pm	JPMorgan Adjusts Price Target on Charles Schwab Corp to $100 From $95	MT
02:11pm	Wells Fargo Adjusts Charles Schwab's Price Target to $102 From $87, Keeps Overweight Rating	MT

Projected Income Statement: Charles Schwab

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	11,691	18,520	20,762	18,837	19,606	22,869	25,222	27,129
Change	-	58.41%	12.11%	-9.27%	4.08%	16.65%	10.29%	7.56%
EBITDA ¹	5,346	9,960	11,624	9,146	9,772	16,271	18,135	15,484
Change	-	86.31%	16.71%	-21.32%	6.84%	66.51%	11.46%	-14.62%
EBIT ¹	4,932	8,796	10,376	7,808	8,337	16,020	12,379	14,112
Change	-	78.35%	17.96%	-24.75%	6.78%	92.15%	-22.72%	14%
Interest Paid ¹	-289	-384	-	-	-6,393	-3,708	-2,806	-2,544
Earnings before Tax (EBT) ¹	4,300	7,713	9,388	6,378	7,692	15,298	12,070	13,177
Change	-	79.37%	21.72%	-32.06%	20.6%	98.88%	-21.1%	9.17%
Net income ¹	3,043	5,360	6,635	4,649	5,478	10,580	11,618	9,771
Change	-	76.14%	23.79%	-29.93%	17.83%	93.14%	9.8%	-15.9%
Announcement Date	19/01/21	18/01/22	18/01/23	17/01/24	21/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	2,450	2,448	4,176	4,715	4,527	4,570	4,708	4,672	5,093	5,500	5,497	5,116	4,656	4,606	4,459	4,740	4,690	4,847	5,329	5,599	5,720	5,757	5,914	6,052	6,280	6,344	6,495	6,639
Change	-	-0.08%	70.59%	12.91%	-3.99%	0.95%	3.02%	-0.76%	9.01%	7.99%	-0.05%	-6.93%	-8.99%	-1.07%	-3.19%	6.3%	-1.05%	3.35%	9.94%	5.07%	2.16%	0.65%	2.72%	2.33%	3.78%	1.01%	2.38%	2.22%
EBITDA ¹	1,090	1,078	2,035	2,362	2,306	2,561	2,577	2,393	2,835	3,249	3,147	2,655	2,280	2,236	1,975	2,296	2,284	2,356	2,836	2,932	3,274	3,218	3,379	3,345	3,602	3,633	3,766	3,747
Change	-	-1.1%	88.78%	16.07%	-2.37%	11.06%	0.62%	-7.14%	18.47%	14.6%	-3.14%	-15.63%	-14.12%	-1.93%	-11.67%	16.25%	-0.52%	3.15%	20.37%	3.39%	11.66%	-1.71%	5%	-1.01%	7.68%	0.86%	3.66%	-0.5%
EBIT ¹	981	956	1,905	2,233	2,017	2,268	2,278	2,089	2,522	2,930	2,835	2,343	1,955	1,903	1,607	1,938	1,922	1,995	2,482	2,585	2,718	2,783	2,924	2,835	-	-	-	-
Change	-	-2.55%	99.27%	17.22%	-9.67%	12.44%	0.44%	-8.3%	20.73%	16.18%	-3.24%	-17.35%	-16.56%	-2.66%	-15.55%	20.6%	-0.83%	3.8%	24.41%	4.15%	5.16%	2.39%	5.04%	-3.03%	-	-	-	-
Charge d'intérêts ¹	-77	-69	-77	-85	-97	-123	-103	-108	-166	-131	-	-	-	-	-	-	-1,659	-1,706	-1,320	-1,051	-1,010	-891.7	-755.7	-	-	-	-	-
Earnings before Tax (EBT) ¹	888	889	1,476	1,960	1,719	2,011	2,023	1,839	2,274	2,677	2,598	2,110	1,691	1,383	1,194	1,798	1,747	1,842	2,305	2,455	2,641	2,678	2,821	2,799	3,074	3,123	3,240	-
Change	-	0.11%	66.03%	32.79%	-12.3%	16.99%	0.6%	-9.1%	23.65%	17.72%	-2.95%	-18.78%	-19.86%	-18.21%	-13.67%	50.59%	-2.84%	5.44%	25.14%	6.51%	7.58%	1.4%	5.33%	-0.78%	9.82%	1.6%	3.76%	-
Net income ¹	621	615	1,050	1,388	1,117	1,406	1,449	1,278	1,652	1,884	1,821	1,533	1,173	1,017	926	1,251	1,211	1,299	1,717	1,796	1,886	1,947	2,081	2,098	2,243	2,280	2,381	-
Change	-	-0.97%	70.73%	32.19%	-19.52%	25.87%	3.06%	-11.8%	29.26%	14.04%	-3.34%	-15.82%	-23.48%	-13.3%	-8.95%	35.1%	-3.2%	7.27%	32.18%	4.6%	5.02%	3.21%	6.92%	0.79%	6.92%	1.67%	4.41%	-
Announcement Date	16/07/20	15/10/20	19/01/21	15/04/21	16/07/21	15/10/21	18/01/22	18/04/22	18/07/22	17/10/22	18/01/23	17/04/23	18/07/23	16/10/23	17/01/24	15/04/24	16/07/24	15/10/24	21/01/25	17/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Charles Schwab

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-50,500	-39,200	-2,300	15,800	3,000	-	-	-
Change	-	22.38%	94.13%	786.96%	-81.01%	-	-	-
Announcement Date	19/01/21	18/01/22	18/01/23	17/01/24	21/01/25	-	-	-

Estimates

Cash Flow Forecast: Charles Schwab

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	631	916	971	804	607	732	818	959
Change	-	45.17%	6%	-17.2%	-24.5%	20.59%	11.75%	17.24%
Free Cash Flow (FCF) ¹	3,030	5,247	6,682	4,969	2,050	11,067	12,197	14,642
Change	-	73.17%	27.35%	-25.64%	-58.74%	439.85%	10.21%	20.05%
Announcement Date	19/01/21	18/01/22	18/01/23	17/01/24	21/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Charles Schwab

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	45.73%	53.78%	55.99%	48.55%	49.84%	71.15%	71.9%	57.08%
EBIT Margin (%)	42.19%	47.49%	49.98%	41.45%	42.52%	70.05%	49.08%	52.02%
EBT Margin (%)	36.78%	41.65%	45.22%	33.86%	39.23%	66.89%	47.86%	48.57%
Net margin (%)	26.03%	28.94%	31.96%	24.68%	27.94%	46.26%	46.06%	36.02%
FCF margin (%)	25.92%	28.33%	32.18%	26.38%	10.46%	48.39%	48.36%	53.97%
FCF / Net Income (%)	99.57%	97.89%	100.71%	106.88%	37.42%	104.6%	104.99%	149.86%
Profitability
ROA	0.72%	1.02%	1.21%	1.1%	1.23%	1.76%	1.87%	1.4%
ROE	9%	11%	18%	16%	15%	24.25%	18.39%	19.26%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	1.73x	0.31x	-	-	-
Debt / Free cash flow	-	-	-	3.18x	1.46x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.4%	4.95%	4.68%	4.27%	3.1%	3.2%	3.24%	3.54%
CAPEX / EBITDA (%)	11.8%	9.2%	8.35%	8.79%	6.21%	4.5%	4.51%	6.19%
CAPEX / FCF (%)	20.83%	17.46%	14.53%	16.18%	29.61%	6.61%	6.71%	6.55%
Items per share
Cash flow per share ¹	4.775	1.116	1.086	-	1.456	-	-	-
Change	-	-76.62%	-2.72%	-	-	-	-	-
Dividend per Share ¹	0.72	0.72	0.84	1	1	1.082	1.204	1.391
Change	-	0%	16.67%	19.05%	0%	8.22%	11.27%	15.55%
Book Value Per Share ¹	31.12	31.02	20.31	22.4	26.89	26.3	27.73	28.66
Change	-	-0.34%	-34.51%	10.28%	20.04%	-2.18%	5.44%	3.36%
EPS ¹	2.12	2.83	3.5	2.54	2.99	4.182	4.94	5.482
Change	-	33.49%	23.67%	-27.43%	17.72%	39.87%	18.12%	10.97%
Nbr of stocks (in thousands)	1,879,078	1,890,600	1,866,739	1,823,343	1,830,556	1,816,970	1,816,970	1,816,970
Announcement Date	19/01/21	18/01/22	18/01/23	17/01/24	21/01/25	-	-	-