The Charles Schwab (SCHW) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter. The decrease was steeper than the drop seen a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter. The decrease was steeper than the drop seen a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
-9.0%
Change from the immediately preceding quarter.
Year-over-year
-8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $5.5B | +20.4% |
| Dec 31, 2022 | $5.5B | +16.8% |
| Mar 31, 2023 | $5.1B | +9.5% |
| Jun 30, 2023 | $4.7B | -8.6% |
Revenue performance
Revenue fell compared with the prior quarter, continuing a downward trend from the previous period. The year-over-year comparison also showed a decline.
Quarterly comparison
The current quarter's revenue was lower than both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was larger than the year-over-year decline.
What to watch
Revenue has declined for two consecutive quarters, with the latest drop accelerating relative to the prior quarter.