Schwab delivered a robust first quarter with record client growth, assets, and revenues driven by strategic focus on client engagement and innovation.

• Achieved record net new assets of $158 billion, bringing total client assets to $11.8 trillion, with strong account openings and engagement across markets.
• Revenue increased 16% year-over-year to $1.43 billion, supported by record trading volumes and higher client activity.
• Managed investing net flows soared 46%, with Schwab Wealth Advisory capturing $10 billion in new flows, reflecting deepening client relationships.
• Expansion efforts included hiring, new branch openings, and innovative offerings like the Schwab Team Investor account for teens, enhancing client onboarding.
• Significant strides in digital and AI capabilities, including AI-powered estate and tax planning tools, and the launch of private market access and structured asset line offerings.