The Charles Schwab (SCHW) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter. The growth rate was higher than both the prior quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter. The growth rate was higher than both the prior quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.7B
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, 2023 | $4.5B | -18.9% |
| Mar 31, 2024 | $4.7B | -7.3% |
| Jun 30, 2024 | $4.7B | +0.7% |
| Sep 30, 2024 | $4.8B | +5.2% |
Revenue performance
The reported revenue rose compared to the immediately preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
Revenue growth accelerated relative to the prior quarter. The year-over-year gain was also stronger than the sequential improvement.
What to watch
The trend shows revenue has risen for two consecutive quarters after a decline earlier in the fiscal year.