Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.85B | 3.3% |
| Gross Profit | 1.84B | 5.4% |
| Cost of Revenue | 3.01B | 2.1% |
| Operating expense | 905M | 1.1% |
| Net Income | 1.41B | 5.7% |
| EBITDA | 3.68B | 4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 466B | 3.6% |
| Total Liabilities | 419B | 3.2% |
| Total Equity | 47.2B | 7.4% |
| Shares Outstanding | 1.83B | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 19.1B | 549.2% |
| Cash from investing | 8.52B | 12.3% |
| Cash from financing | -7.73B | 51.7% |
EPS
Financial Highlights for Charles Schwab in Q3 '24
Charles Schwab reported a revenue of 4.85B, which is a 3.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.84B, marking a 5.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.01B, a 2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 905M, showing a -1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.41B, showing a 5.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.68B, showing a 4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Charles Schwab with growth in revenue, gross profit, and net income.
