The Charles Schwab (SCHW) Operating Margin: History & Chart

The Charles Schwab Corporation(SCHW)

Financial - Capital Markets · Westlake, TX

$107.48+0.61 (+0.57%)

Delayed quote: Sep 9, 2026, 11:25 AM EDT

About The Charles Schwab Corporation

The Charles Schwab Corporation (SCHW) stands as a prominent financial services enterprise, delivering a comprehensive suite of offerings that encompass wealth management, securities trading and brokerage, banking services, asset administration, custodial solutions, and financial planning advice. Its operations are primarily structured around two core divisions: Investor Services and Advisor Services. The Investor Services segment caters directly to individual retail clients, furnishing a range of services such as brokerage accounts, investment guidance, banking and trust administration, retirement planning, and corporate brokerage offerings. It further assists businesses with the full-service recordkeeping of equity compensation plans (e.g., stock options, restricted stock, performance shares), provides clearing services for retail investors and mutual funds, and offers compliance solutions. Conversely, the Advisor Services segment provides a robust support system for independent investment advisors. This includes custodial services, trading platforms, banking infrastructure, and general operational support. Within this segment, offerings span diverse brokerage accounts for equities, fixed income, margin lending, options, and futures/forex trading. It also facilitates cash management through various instruments, provides access to a broad selection of proprietary and third-party mutual funds and ETFs, and offers comprehensive trading and clearing for these investment vehicles. Furthermore, it delivers sophisticated advice solutions like managed portfolios, separately managed accounts, customized personal financial guidance, and specialized planning. Complementing these are banking products such as checking and savings accounts, first-lien residential mortgages, home equity lines of credit, and pledged asset lines, alongside a full spectrum of trust services including custody, reporting, and administrative roles. As of December 31, 2021, the company maintained an extensive physical presence, with approximately 400 domestic branch offices located across 48 U.S. states and the District of Columbia, in addition to sites in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. Established in 1971, its corporate headquarters are situated in Westlake, Texas.

Westlake, TX

33,700 employees

www.aboutschwab.com

Financial Services / Financial - Capital Markets

Sector: Financial Services
Industry: Financial - Capital Markets
CEO: Richard Andrew Wurster

View full financials

SCHW Operating Margin Metrics

OPERATING MARGIN

43.49%

OPERATING MARGIN AVG TTM

43.03%

OPERATING MARGIN AVG 3Y

33.61%

OPERATING MARGIN AVG 5Y

36.17%

OPERATING MARGIN AVG 10Y

38.86%

OPERATING MARGIN AVG 15Y

36.17%

OPERATING MARGIN AVG 20Y

34.70%

CURRENT VS TTM AVG

+1.07%

CURRENT VS 3Y AVG

+29.39%

CURRENT VS 5Y AVG

+20.23%

CURRENT VS 10Y AVG

+11.92%

CURRENT VS 15Y AVG

+20.23%

CURRENT VS 20Y AVG

+25.33%

SECTOR MEDIAN · FINANCIAL SERVICES

23.41%

median of 102 covered companies

CURRENT VS SECTOR MEDIAN

+85.78%

vs the sector median at left

NAME	MARKET CAP	OPERATING MARGIN	TTM	3Y	5Y
The Charles Schwab Corporation (SCHW)	$186.92B	43.49%	43.03%	33.61%	36.17%
The Toronto-Dominion Bank (TD)vs ›	$201.55B	17.92%	15.18%	19.96%	22.93%
Vanguard FTSE Emerging Markets ETF (VWO)vs ›	$169.68B	N/A	N/A	N/A	N/A
BlackRock, Inc. (BLK)vs ›	$167.14B	31.12%	33.09%	34.26%	35.11%
Interactive Brokers Group, Inc. (IBKR)vs ›	$157.32B	87.09%	85.08%	82.13%	76.31%
American Express Company (AXP)vs ›	$217.46B	17.14%	17.26%	16.84%	17.11%
Blackstone Inc. (BX)vs ›	$155.95B	52.08%	54.35%	48.73%	53.98%
Citigroup Inc. (C)vs ›	$235.36B	14.18%	10.88%	12.21%	16.43%
Chubb Limited (CB)vs ›	$130.31B	18.19%	21.11%	19.08%	18.64%
Capital One Financial Corporation (COF)vs ›	$130.06B	3.29%	7.13%	12.64%	18.34%

NAME

MARKET CAP

OPERATING MARGIN

TTM

The Charles Schwab Corporation (SCHW)

$186.92B

43.49%

43.03%

33.61%

36.17%

The Toronto-Dominion Bank (TD)vs ›

$201.55B

17.92%

15.18%

19.96%

22.93%

Vanguard FTSE Emerging Markets ETF (VWO)vs ›

$169.68B

N/A

BlackRock, Inc. (BLK)vs ›

$167.14B

31.12%

33.09%

34.26%

35.11%

Interactive Brokers Group, Inc. (IBKR)vs ›

$157.32B

87.09%

85.08%

82.13%

76.31%

American Express Company (AXP)vs ›

$217.46B

17.14%

17.26%

16.84%

17.11%

Blackstone Inc. (BX)vs ›

$155.95B

52.08%

54.35%

48.73%

53.98%

Citigroup Inc. (C)vs ›

$235.36B

14.18%

10.88%

12.21%

16.43%

Chubb Limited (CB)vs ›

$130.31B

18.19%

21.11%

19.08%

18.64%

Capital One Financial Corporation (COF)vs ›

$130.06B

3.29%

7.13%

12.64%

18.34%

Operating Margin FAQ

What is the operating margin for The Charles Schwab Corporation (SCHW)?

The operating margin for SCHW stock is 43.49%.

Is The Charles Schwab Corporation's operating margin high or low?

The operating margin of 43.49% is 20% above its 5-year average of 36.17%, near the high end of its 5-year range (18.97%–45.14%).

What is the TTM average operating margin for The Charles Schwab Corporation (SCHW)?

The TTM average operating margin for SCHW stock is 43.03%.

What is the 3Y average operating margin for The Charles Schwab Corporation (SCHW)?

The 3Y average operating margin for SCHW stock is 33.61%.

What is the 5Y average operating margin for The Charles Schwab Corporation (SCHW)?

The 5Y average operating margin for SCHW stock is 36.17%.

What is the 10Y average operating margin for The Charles Schwab Corporation (SCHW)?

The 10Y average operating margin for SCHW stock is 38.86%.

What is the 15Y average operating margin for The Charles Schwab Corporation (SCHW)?

The 15Y average operating margin for SCHW stock is 36.17%.

What is the 20Y average operating margin for The Charles Schwab Corporation (SCHW)?

The 20Y average operating margin for SCHW stock is 34.70%.

DATE	OPERATING MARGIN
2026-06-30	43.07%
2026-03-31	43.67%
2025-12-31	44.36%
2025-09-30	42.91%
2025-06-30	41.12%
2025-03-31	36.92%
2024-12-31	34.66%
2024-09-30	28.11%
2024-06-30	27.52%
2024-03-31	27.88%
2023-12-31	18.97%
2023-09-30	21.62%
2023-06-30	26.13%
2023-03-31	33.17%
2022-12-31	41.19%
2022-09-30	45.14%
2022-06-30	43.22%
2022-03-31	38.25%
2021-12-31	41.85%
2021-09-30	42.85%
2021-06-30	36.98%
2021-03-31	40.67%
2020-12-31	34.55%
2020-09-30	35.00%
2020-06-30	34.86%
2020-03-31	38.03%
2019-12-31	40.09%
2019-09-30	41.59%
2019-06-30	41.21%
2019-03-31	41.58%
2018-12-31	40.92%
2018-09-30	43.43%
2018-06-30	42.38%
2018-03-31	39.20%
2017-12-31	40.36%
2017-09-30	41.83%
2017-06-30	41.24%
2017-03-31	39.47%
2016-12-31	40.85%
2016-09-30	40.61%
2016-06-30	38.54%
2016-03-31	36.31%
2015-12-31	37.35%
2015-09-30	35.85%
2015-06-30	35.50%
2015-03-31	31.21%
2014-12-31	35.13%
2014-09-30	32.85%
2014-06-30	34.80%
2014-03-31	34.68%
2013-12-31	34.13%
2013-09-30	33.29%
2013-06-30	30.25%
2013-03-31	25.00%
2012-12-31	28.13%
2012-09-30	29.00%
2012-06-30	32.58%
2012-03-31	25.51%
2011-12-31	21.58%
2011-09-30	28.89%
2011-06-30	31.18%
2011-03-31	31.20%
2010-12-31	19.07%
2010-09-30	17.70%
2010-06-30	29.81%
2010-03-31	1.24%
2009-12-31	24.91%
2009-09-30	29.52%
2009-06-30	28.95%
2009-03-31	30.47%
2008-12-31	37.98%
2008-09-30	37.10%
2008-06-30	37.82%
2008-03-31	36.34%
2007-12-31	35.61%
2007-09-30	35.29%
2007-06-30	30.97%
2007-03-31	29.62%
2006-12-31	57.14%
2006-09-30	30.58%
2006-06-30	29.26%
2006-03-31	29.29%
2005-12-31	22.18%
2005-09-30	25.00%
2005-06-30	24.16%
2005-03-31	20.55%
2004-12-31	13.79%
2004-09-30	6.72%
2004-06-30	15.58%
2004-03-31	21.00%
2003-12-31	19.90%
2003-09-30	17.81%
2003-06-30	16.82%
2003-03-31	10.06%
2002-12-31	-10.57%
2002-09-30	-0.45%

DATE

OPERATING MARGIN

2026-06-30

43.07%

2026-03-31

43.67%

2025-12-31

44.36%

2025-09-30

42.91%

2025-06-30

41.12%

2025-03-31

36.92%

2024-12-31

34.66%

2024-09-30

28.11%

2024-06-30

27.52%

2024-03-31

27.88%

2023-12-31

18.97%

2023-09-30

21.62%

2023-06-30

26.13%

2023-03-31

33.17%

2022-12-31

41.19%

2022-09-30

45.14%

2022-06-30

43.22%

2022-03-31

38.25%

2021-12-31

41.85%

2021-09-30

42.85%

2021-06-30

36.98%

2021-03-31

40.67%

2020-12-31

34.55%

2020-09-30

35.00%

2020-06-30

34.86%

2020-03-31

38.03%

2019-12-31

40.09%

2019-09-30

41.59%

2019-06-30

41.21%

2019-03-31

41.58%

2018-12-31

40.92%

2018-09-30

43.43%

2018-06-30

42.38%

2018-03-31

39.20%

2017-12-31

40.36%

2017-09-30

41.83%

2017-06-30

41.24%

2017-03-31

39.47%

2016-12-31

40.85%

2016-09-30

40.61%

2016-06-30

38.54%

2016-03-31

36.31%

2015-12-31

37.35%

2015-09-30

35.85%

2015-06-30

35.50%

2015-03-31

31.21%

2014-12-31

35.13%

2014-09-30

32.85%

2014-06-30

34.80%

2014-03-31

34.68%

2013-12-31

34.13%

2013-09-30

33.29%

2013-06-30

30.25%

2013-03-31

25.00%

2012-12-31

28.13%

2012-09-30

29.00%

2012-06-30

32.58%

2012-03-31

25.51%

2011-12-31

21.58%

2011-09-30

28.89%

2011-06-30

31.18%

2011-03-31

31.20%

2010-12-31

19.07%

2010-09-30

17.70%

2010-06-30

29.81%

2010-03-31

1.24%

2009-12-31

24.91%

2009-09-30

29.52%

2009-06-30

28.95%

2009-03-31

30.47%

2008-12-31

37.98%

2008-09-30

37.10%

2008-06-30

37.82%

2008-03-31

36.34%

2007-12-31

35.61%

2007-09-30

35.29%

2007-06-30

30.97%

2007-03-31

29.62%

2006-12-31

57.14%

2006-09-30

30.58%

2006-06-30

29.26%

2006-03-31

29.29%

2005-12-31

22.18%

2005-09-30

25.00%

2005-06-30

24.16%

2005-03-31

20.55%

2004-12-31

13.79%

2004-09-30

6.72%

2004-06-30

15.58%

2004-03-31

21.00%

2003-12-31

19.90%

2003-09-30

17.81%

2003-06-30

16.82%

2003-03-31

10.06%

2002-12-31

-10.57%

2002-09-30

-0.45%

Operating Margin: 43.49%

SCHW Operating Margin

SCHW Average Operating Margin Chart

SCHW Current vs Average Operating Margin Chart

SCHW Operating Margin Metrics

SCHW Competitors' Operating Margin

Operating Efficiency

Operating Margin Formula & Definition

Operating Margin FAQ

SCHW Operating Margin History

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