The Charles Schwab Corporation Earnings Recaps
Q3 2026
Oct 17, 2026
Schwab’s shares fell 5.0% after earnings, suggesting investors were not reassured by the record quarter; the provided transcript does not identify a specific disappointing guidance item or metric. It reports strong client and revenue figures, but the excerpt ends before the outlook discussion, so the likely driver cannot be determined from the available text.
Key takeaways
- Third-quarter core net new assets were $190 billion, up 38% year over year, an annualized organic growth rate of nearly 6%.
- Schwab reported record total net revenues of $7.2 billion and adjusted EPS of $1.69, up 29% year over year.
- Clients opened 1.2 million brokerage accounts; managed-investing net flows reached a quarterly record of $24 billion.
- Bank lending reached $72 billion, up 35% year over year.
- The company said developer productivity had increased about 25% with AI; broader guidance and outlook are not included in the supplied excerpt.
Q2 2026
Jul 23, 2026
Shares fell 1.7% following the quarter as investors appear cautious despite revenue and client growth, likely weighing the cautious tone around margin expansion and the absence of any clear upside in guidance or profitability trends.
Key takeaways
- Reported $7.1 billion in total revenue with adjusted EPS of $1.62, up 42% year-over-year.
- Added 1.4 million new brokerage accounts and $120 billion in core net new assets, reflecting strong client acquisition and asset inflows.
- Managed investing net flows increased by 53% versus prior year; bank lending balances rose 33% to $67 billion.
- Expanded services including pilot crypto transfer capabilities and integration of private market offerings through the Forge acquisition.
- The company emphasized investment in innovation and AI to improve client experience, but market reaction suggests investor skepticism regarding margin sustainability or forward outlook.
Q1 2026
Apr 16, 2026
Schwab delivered a robust first quarter with record client growth, assets, and revenues driven by strategic focus on client engagement and innovation.
Key takeaways
- 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.