The Charles Schwab (SCHW) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year ago. The decrease from the prior quarter was smaller than the drop from the same period last year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year ago. The decrease from the prior quarter was smaller than the drop from the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
-18.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.8B
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 |
|---|---|---|
| Mar 31, 2023 | $5.1B | +9.5% |
| Jun 30, 2023 | $4.7B | -8.6% |
| Sep 30, 2023 | $4.6B | -16.3% |
| Dec 31, 2023 | $4.5B | -18.9% |
Revenue performance
The reported revenue moved lower, continuing a downward trend observed over the past several quarters.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and significantly lower than the same quarter one year earlier.
What to watch
The sequential decline moderated compared with the prior quarter's drop, but the year-over-year contraction remained steep.