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Schwab Charles Corp  (SCHW)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial


Schwab Charles's Effective Tax Rate by quarter

Trends, Rankings, Statistics



SCHW Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -54.04 % -48.34 % -25.64 % 14.74 % 28.42 %
Seq. Pre-Tax Income Change -13.67 % -18.21 % -19.86 % -18.78 % -2.95 %
Pre-Tax Income In Millions $1,194.00 $1,383.00 $1,691.00 $2,110.00 $2,598.00
Effective Tax Rate 12.48 % 18.66 % 23.48 % 24.03 % 24.25 %
Effective Tax Rate Total Ranking # 261 # 677 # 1198 # 1299 # 1482
Income taxes expenses / -benefit In Millions $149.00 $258.00 $397.00 $507.00 $630.00
Y / Y Income taxes expenses / -benefit Change -76.35 % -60.73 % -17.46 % 16.02 % 42.21 %
Seq. Income taxes expenses / -benefit Change -42.25 % -35.01 % -21.7 % -19.52 % -4.11 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 12.48 %, a new company low.

Looking into IV. Quarter results within Investment Services industry 7 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 261, from total ranking in previous quarter at 677.

SCHW's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Investment Services Industry # 8
Financial Sector # 60
Overall # 261

SCHW's Effective Tax Rate Statistics
High Average Low
53.85 % 33.57 % 12.48 %
(March 28, 2010)   (Dec 31 2023)




Other Effective Tax Rate Profitability Ratios
SCHW's Cumulative Effective Tax Rate
Investment Services Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
SCHW's Effective Tax Rate Profitability versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for SCHW's Competitors
Effective Tax Rate Profit Margin for Schwab Charles's Suppliers
Effective Tax Rate Profit Margin for SCHW's Customers

You may also want to know
SCHW's Annual Growth Rates SCHW's Profitability Ratios SCHW's Asset Turnover Ratio SCHW's Dividend Growth
SCHW's Roe SCHW's Valuation Ratios SCHW's Financial Strength Ratios SCHW's Income taxes expenses / -benefit Growth
SCHW's Roa SCHW's Inventory Turnover Ratio SCHW's Growth Rates SCHW's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Investment Services Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Brightsphere Investment Group Inc   31.81 %$ 11.100 $ 34.900 
Hamilton Lane Inc  31.39 %$ 15.800 $ 50.332 
Houlihan Lokey Inc   30.97 %$ 31.772 $ 102.575 
Blackstone Inc  29.63 %$ 45.957 $ 155.080 
Nasdaq Inc   29.60 %$ 82.000 $ 277.000 
Gcm Grosvenor Inc   29.15 %$ 1.881 $ 6.453 
Stonex Group Inc   27.80 %$ 26.600 $ 95.700 
Hennessy Advisors Inc  27.01 %$ 0.444 $ 1.644 
Price T Rowe Group Inc  26.79 %$ 173.300 $ 646.900 
Federated Hermes Inc   26.65 %$ 31.260 $ 117.307 
Tradeweb Markets Inc   26.58 %$ 37.557 $ 141.298 
Morgan Stanley  26.48 %$ 555.000 $ 2,096.000 
Cboe Global Markets Inc   26.26 %$ 75.500 $ 287.500 
U S Global Investors Inc  26.19 %$ 0.436 $ 1.665 
Lpl Financial Holdings Inc   26.13 %$ 193.733 $ 741.403 
Virtus Investment Partners Inc   25.67 %$ 13.294 $ 51.793 
Assetmark Financial Holdings Inc   24.44 %$ 11.202 $ 45.837 
Intercontinental Exchange Inc   24.42 %$ 126.000 $ 516.000 
Value Line Inc  23.87 %$ 1.845 $ 7.730 
Evercore Inc   23.08 %$ 27.622 $ 119.670 
Franklin Resources Inc   22.61 %$ 74.900 $ 331.200 
Cohen and Steers Inc   21.79 %$ 11.880 $ 54.517 
Raymond James Financial Inc   20.95 %$ 132.000 $ 630.000 
Sei Investments Company  19.61 %$ 29.457 $ 150.188 
Jefferies Financial Group Inc   19.28 %$ 16.828 $ 87.261 
Artisan Partners Asset Management Inc   17.89 %$ 20.225 $ 113.025 
Morningstar inc   15.61 %$ 14.100 $ 90.300 
Freedom Holding Corp   13.93 %$ 15.544 $ 111.619 
Janus Henderson Group Plc  13.59 %$ 18.200 $ 133.900 
Schwab Charles Corp  12.48 %$ 149.000 $ 1,194.000 




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