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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 (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Pre-Tax Income Change -48.34 % -25.64 % 14.74 % 28.42 % 33.12 %
Seq. Pre-Tax Income Change -18.21 % -19.86 % -18.78 % -2.95 % 17.72 %
Pre-Tax Income In Millions $1,383.00 $1,691.00 $2,110.00 $2,598.00 $2,677.00
Effective Tax Rate 18.66 % 23.48 % 24.03 % 24.25 % 24.54 %
Effective Tax Rate Total Ranking # 282 # 677 # 1198 # 1299 # 1482
Income taxes expenses / -benefit In Millions $258.00 $397.00 $507.00 $630.00 $657.00
Y / Y Income taxes expenses / -benefit Change -60.73 % -17.46 % 16.02 % 42.21 % 35.46 %
Seq. Income taxes expenses / -benefit Change -35.01 % -21.7 % -19.52 % -4.11 % 36.59 %


Commenting Third Quarter 2023 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to previous quarter to 18.66 %, below company's average Effective Tax Rate.

Looking into III. 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 282, from total ranking in previous quarter at 677.

SCHW's Effective Tax Rate third quarter 2023 Company Ranking
Within: No.
Investment Services Industry # 8
Financial Sector # 65
Overall # 282

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 Sep 30 2023, within Investment Services Industry Effective Tax RateSep 30 2023 MRQ Income taxes expenses / -benefitSep 30 2023 MRQ Pre-Tax Income
Jefferies Financial Group Inc   40.76 %$ 37.124 $ 91.071 
Stifel Financial Corp  37.71 %$ 41.268 $ 109.429 
Oppenheimer Holdings Inc   36.17 %$ 7.808 $ 21.587 
Siebert Financial Corp  35.48 %$ 1.516 $ 4.273 
Stonex Group Inc   32.76 %$ 24.700 $ 75.400 
Diamond Hill Investment Group Inc   32.67 %$ 2.524 $ 7.724 
Hennessy Advisors Inc  31.34 %$ 0.612 $ 1.953 
Cohen and Steers Inc   29.52 %$ 10.543 $ 35.712 
Lpl Financial Holdings Inc   29.40 %$ 93.381 $ 317.672 
Morningstar inc   29.09 %$ 16.700 $ 57.400 
Houlihan Lokey Inc   28.37 %$ 26.542 $ 93.573 
Navient Corporation  28.18 %$ 31.000 $ 110.000 
Brightsphere Investment Group Inc   28.00 %$ 7.700 $ 27.500 
Assetmark Financial Holdings Inc   27.80 %$ 14.779 $ 53.164 
Apollo Global Management Inc   27.52 %$ 243.000 $ 883.000 
Carlyle Group Inc   27.07 %$ 41.200 $ 152.200 
Pjt Partners Inc   26.79 %$ 11.401 $ 42.554 
Invesco Ltd   26.65 %$ 61.300 $ 230.000 
Federated Hermes Inc   26.47 %$ 26.739 $ 101.005 
Raymond James Financial Inc   25.81 %$ 151.000 $ 585.000 
The Goldman Sachs Group Inc   25.33 %$ 698.000 $ 2,756.000 
Evercore Inc   25.12 %$ 19.717 $ 78.490 
Nasdaq Inc   24.81 %$ 97.000 $ 391.000 
Price T Rowe Group Inc  24.81 %$ 144.900 $ 584.100 
Virtus Investment Partners Inc   24.20 %$ 12.181 $ 50.335 
Value Line Inc  24.01 %$ 1.102 $ 4.590 
Marketaxess Holdings Inc   23.42 %$ 16.802 $ 71.743 
Cme Group Inc   23.00 %$ 224.100 $ 974.300 
Cboe Global Markets Inc   22.92 %$ 61.900 $ 270.100 
Morgan Stanley  22.58 %$ 710.000 $ 3,145.000 




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