Schwab trading revenue
In 2018, Schwab earned $4.5 billion in operating income on $10.99 billion in revenue. On October 3, 2019, Schwab announced it will no longer charge trading commissions for stocks and ETFs in the We believe it is important for all investors to understand how Schwab earns money—directly from individual clients, and as well as from third parties as a result of our investment advice and a client's purchase of a product or service through Schwab.