The Charles Schwab (SCHW) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter was essentially flat compared to the prior quarter and slightly higher than the same quarter last year. The company completed the final client account conversions from the Ameritrade broker-dealers during the quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter was essentially flat compared to the prior quarter and slightly higher than the same quarter last year. The company completed the final client account conversions from the Ameritrade broker-dealers during the quarter.
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
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.5B
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, 2023 | $4.6B | -16.3% |
| Dec 31, 2023 | $4.5B | -18.9% |
| Mar 31, 2024 | $4.7B | -7.3% |
| Jun 30, 2024 | $4.7B | +0.7% |
Revenue performance
Reported revenue declined modestly from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue showed a slight increase.
Quarterly comparison
Revenue was lower than the prior quarter but higher than the same quarter a year ago. The sequential decline contrasts with the year-over-year improvement.
What to watch
Monitor the impact of the completed Ameritrade client account conversions on future revenue trends.