The Charles Schwab (SCHW) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential growth was driven by higher asset management and administration fees, while the year-over-year gain reflected continued client asset growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential growth was driven by higher asset management and administration fees, while the year-over-year gain reflected continued client asset growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.9%
Change from the immediately preceding quarter.
Year-over-year
+26.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.9B
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, 2024 | $5.3B | +19.5% |
| Mar 31, 2025 | $5.6B | +18.1% |
| Jun 30, 2025 | $5.9B | +24.8% |
| Sep 30, 2025 | $6.1B | +26.6% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory seen in recent quarters. The increase was supported by higher net interest revenue and asset management fees.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved, and versus the same quarter one year earlier, revenue was significantly higher. The sequential and year-over-year comparisons both show a strengthening revenue base.
What to watch
Monitor net interest margin trends and client cash realignment, as these factors may influence future revenue stability.