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Charles Schwab (MEX:SCHW) Tax Rate % : 20.17% (As of Dec. 2024)


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What is Charles Schwab Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Charles Schwab's Tax Expense for the three months ended in Dec. 2024 was MXN9,698 Mil. Charles Schwab's Pre-Tax Income for the three months ended in Dec. 2024 was MXN48,072 Mil. Therefore, Charles Schwab's Tax Rate % for the quarter that ended in Dec. 2024 was 20.17%.

Charles Schwab Tax Rate % Historical Data

The historical data trend for Charles Schwab's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Charles Schwab Tax Rate % Chart

Charles Schwab Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.28 24.09 23.49 20.56 22.75

Charles Schwab Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.25 23.76 23.56 20.17 22.24

Charles Schwab Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Charles Schwab's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=36497.475/160422.044
=22.75 %

Charles Schwab's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=9697.9/48072.388
=20.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Charles Schwab Tax Rate % Related Terms

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Charles Schwab Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charles Schwab Corp (MEX:SCHW) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
3000 Schwab Way, Westlake, TX, USA, 76262
Website
https://www.aboutschwab.com
Charles Schwab is one of the largest retail-oriented financial services companies in the US, with $10.1 trillion in client assets across its brokerage, banking, asset-management, custody, financial advisory, and wealth-management businesses at year-end 2024. While best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset-management segments. The firm is a dominant player in registered investment advisor custody, with over 40% market share, and has recently pushed into wealth management with robo-advisory, direct indexing, and other managed-investment solutions.