Order flow revenue — Revenues from contracts with customers
Charles Schwab Corporation Order flow revenue — Revenues from contracts with customers increased by 5.5% to $560.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.4%, from $443.00M to $560.00M. Over 3 years (FY 2022 to FY 2025), Order flow revenue — Revenues from contracts with customers shows an upward trend with a 3.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests higher retail trading activity or improved capture rates on order routing, while a decrease indicates lower trading volume or regulatory/competitive pressure on payment-for-order-flow practices.
Detailed definition
This metric represents the revenue generated from routing client equity and options orders to market makers or exchanges...
Peer comparison
Comparable to 'Payment for Order Flow' (PFOF) revenue reported by other retail-focused brokerage firms and online trading platforms.
schw_segment_order_flow_revenue_revenues_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $465.00M | $482.00M | $470.00M | $430.00M | $432.00M | $406.00M | $414.00M | $365.00M | $325.00M | $300.00M | $352.00M | $357.00M | $357.00M | $411.00M | $443.00M | $466.00M | $490.00M | $531.00M | $560.00M |
| QoQ Change | — | +3.7% | -2.5% | -8.5% | +0.5% | -6.0% | +2.0% | -11.8% | -11.0% | -7.7% | +17.3% | +1.4% | +0.0% | +15.1% | +7.8% | +5.2% | +5.2% | +8.4% | +5.5% |
| YoY Change | — | — | — | -7.5% | -10.4% | — | -11.9% | -15.1% | -24.8% | -26.1% | -15.0% | -2.2% | +9.8% | +37.0% | +25.9% | +30.5% | +37.3% | +29.2% | +26.4% |
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Frequently Asked Questions
- What is Charles Schwab Corporation's order flow revenue — revenues from contracts with customers?
- Charles Schwab Corporation (SCHW) reported order flow revenue — revenues from contracts with customers of $560.00M in Q1 2026.
- How has Charles Schwab Corporation's order flow revenue — revenues from contracts with customers changed year-over-year?
- Charles Schwab Corporation's order flow revenue — revenues from contracts with customers increased by 26.4% year-over-year, from $443.00M to $560.00M.
- What is the long-term trend for Charles Schwab Corporation's order flow revenue — revenues from contracts with customers?
- Over 3 years (2022 to 2025), Charles Schwab Corporation's order flow revenue — revenues from contracts with customers has grown at a 3.6% compound annual growth rate (CAGR), from $1.74B to $1.93B.
- What does order flow revenue — revenues from contracts with customers mean?
- Revenue earned by routing customer trade orders to external market makers or exchanges for execution.