Charles Schwab Corporation (SCHW)财务
NYSE · Financial Services · Financial - Capital Markets · 员工33,900人 · CEO Richard Andrew Wurster
- 股价
- $88.05 -1.58%
- 市值
- $1520亿
- 企业价值
- $1560亿
- 最近财报
- Q3 '26 2026-10-15提交
- 下次财报
- 2027-01-20
营收(TTM)$312亿+14.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)44.3%+5.4 百分点 对比去年同期营业利润 $138亿
净利润(TTM)$106亿+29.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$33.1亿+337.1% 对比去年同期资本支出 $4.83亿
稀释EPS(TTM)$5.86+37.2% 对比去年同期最近4个季度之和
净现金$285亿-56.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1520亿 EV $1560亿
- 营收
- $312亿 过去12个月
- 营收增速
- +2% FY2026年一致预期
- 净利润率
- 34.2% 净利润 / 营收,TTM
- P/E
- 14.9× 预期 13.6×(FY2026)
- P/S
- 4.9× 股价 / 营收,TTM
- EV / EBITDA
- 10.3× TTM
- 自由现金流
- $33.1亿 过去12个月
- 净利润
- $106亿 过去12个月
- 营收预期
- $281亿 FY2026年一致预期
- 盈利
- 2027-01-20
- 股息
- $1.23 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比16.0%Q3 '26营收$81.7亿,此前四个季度的平均值为12.5%。
- 营业利润率44.3%(TTM),较去年同期+5.4 百分点营收增长14.7%,营业利润增长30.5%。
- 资本支出占营收的1.6%(去年为2.4%)最近4个季度投入$4.83亿(同比-25.0%)。自由现金流$33.1亿,相当于净利润的31.1%。
- 股东回报$100亿 = 自由现金流的303.0%回购$82亿(去年为$45.8亿),股息$18.4亿,股权激励$1.96亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少4.3%Q3 '26稀释股数17.3亿,一年前为18.1亿。
- 净现金 $285亿现金 + 短期投资 $685亿,含租赁债务 $400亿;一年前净现金 $650亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $81.7亿 | $70.4亿 | +16.0% |
| 毛利率 | 87.8% | 87.1% | +0.7 百分点 |
| 营业利润 | $37.8亿 | $30.2亿 | +25.0% |
| 营业利润率 | 46.2% | 42.9% | +3.3 百分点 |
| 净利润 | $29.1亿 | $23.6亿 | +23.2% |
| 稀释EPS | $1.62 | $1.26 | +28.6% |
| 经营现金流 | $0 | $5.38亿 | -100.0% |
| 资本支出 | $0 | $1.45亿 | -100.0% |
| 自由现金流 | $0 | $3.93亿 | -100.0% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $6100万 | -100.0% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q4 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Investor Services | $99.2亿 | +123.1% | 79.5% | – | – | |
| Advisor Services | $25.5亿 | +188.7% | 20.5% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $38亿
- 资本支出
- -$4.83亿
- 股票回购
- -$82亿
- 股息
- -$18.4亿
- 收购
- -$5.77亿
- 债务净发行
- $90.5亿
- 股权激励费用
- $1.96亿
- 自由现金流
- $33.1亿
- 股东回报 / FCF
- 303.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 14.9× | 25.3× | 21.3× – 29.6× |
| EV / EBITDA | 10.3× | 14.8× | 12.6× – 18.3× |
| EV / 营收 | 5.0× | 6.0× | 5.3× – 6.9× |
| 股价 / FCF | 46.0× | 73.9× | 6.6× – 144.5× |
| 股价 / 净资产 | 3.0× | 3.3× | 2.8× – 4.3× |
| FCF收益率 | 2.2% | 4.6% | 0.7% – 15.1% |
| 投入资本回报率 | 2.0% | 7.3% | 4.5% – 9.6% |
| 净资产收益率 | 21.3% | 14.5% | 10.4% – 19.6% |
分析师
一致目标价 $117.63 (+33.6%)
区间 $95.00 – $145.00 · 评级 Buy
强烈买入0
买入28
持有20
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $281亿 | +1.6% | $6.45 | +38.5% | 13.6× | 16 |
| FY2027 | $319亿 | +13.5% | $7.86 | +21.8% | 11.2× | 16 |
| FY2028 | $350亿 | +9.7% | $9.24 | +17.6% | 9.5× | 9 |
| FY2029 | $364亿 | +3.8% | $10.10 | +9.3% | 8.7× | 3 |
| FY2030 | $407亿 | +11.9% | $11.50 | +13.8% | 7.7× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
The Charles Schwab Corporation在近期10-Q / 10-K文件中标记的全部377项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Fair Value Disclosure | $33.2亿 | – | – | – | – | – |
| Accretion (Amortization) of Discounts and Premiums, Investments | -$1.47亿 | -$1.73亿 | +15.0% | -$6.95亿 | -$8.06亿 | +13.8% |
| Accrued Investment Income Receivable | $20.7亿2025-12-31 | $19.5亿 | +5.9% | $20.7亿 | $19.5亿 | +5.9% |
| Accrued Liabilities | $125亿 | $108亿 | +15.9% | $128亿 | $123亿 | +4.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$106亿 | -$126亿 | +16.0% | -$110亿 | -$148亿 | +26.0% |
| Additional Paid in Capital | $282亿 | $278亿 | +1.3% | $280亿 | $276亿 | +1.3% |
| Advances from Federal Home Loan Banks | $5亿 | $90亿 | -94.4% | $18.5亿 | $167亿 | -88.9% |
| Amortization of Intangible Assets | $1.42亿 | $1.28亿 | +10.9% | $5.12亿 | $5.19亿 | -1.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1000万 | 900万 | +11.1% | 1300万 | 1800万 | -27.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $8400万 | $6500万 | +29.2% | $2.89亿 | $3.13亿 | -7.7% |
| Assets | $5170亿 | $4590亿 | +12.7% | $4910亿 | $4800亿 | +2.3% |
| Assets, Fair Value Disclosure | $1030亿 | – | – | – | – | – |
| Broker-Dealer, Payable to Customer | $1240亿 | $1090亿 | +13.4% | $1160亿 | $1020亿 | +14.6% |
| Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization | $438亿 | $186亿 | +135.8% | $257亿 | $133亿 | +92.6% |
| Capitalized Contract Cost, Amortization | – | – | – | $1.11亿 | $9700万 | +14.4% |
| Capitalized Contract Cost, Net | $5.78亿2025-12-31 | $4.87亿 | +18.7% | $5.78亿 | $4.87亿 | +18.7% |
| Cash and Cash Equivalents, at Carrying Value | $406亿 | $322亿 | +26.0% | $460亿 | $421亿 | +9.4% |
| Cash and Cash Equivalents, Fair Value Disclosure | $185亿 | – | – | – | – | – |
| Cash and Securities Segregated under Federal and Other Regulations | $330亿 | $456亿 | -27.6% | $429亿 | $382亿 | +12.3% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$1.23亿 | – | – | $1300万 | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $692亿 | $556亿 | +24.5% | $697亿 | $655亿 | +6.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$40.8亿 | -$64.1亿 | +36.4% | $41.5亿 | -$89.6亿 | +146.3% |
| Commercial Paper | $19亿2025-12-31 | $0 | – | $19亿 | $0 | – |
| Commissions Payable to Broker-Dealers and Clearing Organizations | $7.01亿 | $1.44亿 | +386.8% | $1.15亿 | $1.27亿 | -9.4% |
| Common Stock, Dividends, Per Share, Declared | $0.32 | $0.27 | +18.5% | $1.08 | $1.00 | +8.0% |
| Communication | $1.98亿 | $1.76亿 | +12.5% | $6.2亿 | $5.91亿 | +4.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $29.8亿 | $31.6亿 | -5.5% | $127亿 | $92.3亿 | +37.9% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $8.19亿2025-12-31 | $6.94亿 | +18.0% | $8.19亿 | $6.94亿 | +18.0% |
| Contract with Customer, Receivable, after Allowance for Credit Loss | $9.28亿 | $7.54亿 | +23.1% | – | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | $19亿 | $17.1亿 | +11.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $22.5亿 | $19.4亿 | +15.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.48亿 | $2.36亿 | +47.5% |
| Debt Instrument, Unamortized Premium | $2400万 | $4200万 | -42.9% | $3300万 | $5400万 | -38.9% |
| Debt Issuance Costs, Net | $8900万 | $8000万 | +11.3% | $8200万 | $9300万 | -11.8% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $100万 | $200万 | -50.0% | $300万 | $100万 | +200.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $38.5亿 | $49.9亿 | -23.0% | $38.7亿 | $67.1亿 | -42.3% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $90.7亿 | $327亿 | -72.2% | $182亿 | $397亿 | -54.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $274亿 | $143亿 | +91.2% | $220亿 | $141亿 | +56.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $235亿 | $184亿 | +28.1% | $198亿 | $192亿 | +2.8% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $63.3亿 | $72.3亿 | -12.4% | $62.6亿 | $167亿 | -62.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $490亿 | $645亿 | -24.0% | $562亿 | $812亿 | -30.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $38.1亿 | $49.8亿 | -23.5% | $38.7亿 | $67.6亿 | -42.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $123亿 | $21.7亿 | +464.9% | $17.4亿 | $2.55亿 | +580.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $4000万 | $500万 | +700.0% | $200万 | $0 | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $87.8亿 | $299亿 | -70.6% | $171亿 | $355亿 | -51.9% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $248亿 | $133亿 | +87.3% | $203亿 | $128亿 | +58.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $225亿 | $173亿 | +30.1% | $188亿 | $181亿 | +4.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $63.1亿 | $71.6亿 | -11.9% | $61.9亿 | $166亿 | -62.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | $663亿 | $726亿 | -8.6% | $662亿 | $898亿 | -26.2% |
| Debt Securities, Available-for-sale, Realized Gain | $0 | $0 | – | $200万 | $0 | – |
| Debt Securities, Available-for-sale, Realized Loss | $2500万 | $3000万 | -16.7% | $8100万 | $4000万 | +102.5% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $613亿 | $666亿 | -8.1% | $579亿 | $815亿 | -28.9% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $38.5亿 | $49.9亿 | -22.8% | $38.7亿 | $67.6亿 | -42.7% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year 10 | 2.8%2025-12-31 | 2.3% | +22.9% | 2.8% | 2.3% | +22.9% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year 5 Through 10 | 1.6%2025-12-31 | 1.9% | -16.6% | 1.6% | 1.9% | -16.6% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five | 1.7%2025-12-31 | 1.7% | +2.4% | 1.7% | 1.7% | +2.4% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, Year One | 2.3%2025-12-31 | 2.0% | +18.8% | 2.3% | 2.0% | +18.8% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | $6.31亿 | $14.4亿 | -56.2% | $17.3亿 | $1.46亿 | +1,086.3% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | $99.9亿 | $111亿 | -10.2% | $96.5亿 | $140亿 | -31.1% |
| Debt Securities, Held-to-maturity, Fair Value | $1210亿 | $1300亿 | -6.8% | $1260亿 | $1330亿 | -4.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01