The Charles Schwab (SCHW) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter. The decrease was steeper compared to the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter. The decrease was steeper compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
-16.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
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 |
|---|---|---|
| Dec 31, 2022 | $5.5B | +16.8% |
| Mar 31, 2023 | $5.1B | +9.5% |
| Jun 30, 2023 | $4.7B | -8.6% |
| Sep 30, 2023 | $4.6B | -16.3% |
Revenue performance
Reported revenue fell from the prior quarter, continuing a downward trend. The year-over-year comparison also showed a significant decline.
Quarterly comparison
Revenue was lower than both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was modest, while the annual drop was more pronounced.
What to watch
Monitor whether revenue continues to decline in subsequent quarters.