{"id":983092,"date":"2026-07-21T07:33:21","date_gmt":"2026-07-21T11:33:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-reports-record-quarterly-revenue-and-earnings\/"},"modified":"2026-07-21T07:33:21","modified_gmt":"2026-07-21T11:33:21","slug":"schwab-reports-record-quarterly-revenue-and-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-reports-record-quarterly-revenue-and-earnings\/","title":{"rendered":"Schwab Reports Record Quarterly Revenue and Earnings"},"content":{"rendered":"

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Schwab Reports Record Quarterly Revenue and Earnings<\/b><\/p>\n

\nRecord June Core Net New Assets Grew 47% Year-Over-Year to $62.7 Billion
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2Q Net Revenues Reached a Record $7.1 Billion, Up 21% Year-Over-Year
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Record GAAP Earnings Per Share of $1.54; $1.62 Adjusted (1)<\/sup> \u2013 up 42% versus 2Q25<\/p>\n

WESTLAKE, Texas–(BUSINESS WIRE<\/a>)–
\nThe Charles Schwab Corporation reported net income for the second quarter totaling $2.8 billion, or earnings per share of $1.54. Excluding $170 million of pre-tax transaction-related costs, adjusted (1)<\/sup> net income and earnings per share equaled $2.9 billion and $1.62, respectively.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260721955369\/en\/<\/a><\/p>\n\n\n\n\n\n\n\n\n
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Client Driven<\/b><\/p>\n

Growth<\/b><\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

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$120B
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<\/b>2Q26 Core<\/p>\n

\nNet New Assets<\/p>\n<\/td>\n

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\n\u201cSchwab\u2019s leading value proposition continued to resonate in 2Q26, as investors opened 1.4 million new brokerage accounts and brought $120 billion in core net new assets to the firm. June core asset gathering totaled a record $62.7 billion \u2013 an annualized organic growth rate of 5.8%.\u201d
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President & CEO Rick Wurster<\/i><\/p>\n<\/td>\n<\/tr>\n

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\n\u00a0<\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

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Deepen Client Relationships<\/b><\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

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53%
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<\/b>2Q26 Managed Investing<\/p>\n

\nNet Flows Growth<\/p>\n<\/td>\n

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\n\u201cInvestors continued to engage with Schwab\u2019s expanding set of solutions during 2Q as daily average trades reached a record 11.9 million, net flows into Schwab Wealth Advisory\u2122 increased 80% year-over-year, and Pledged Asset Line\u2122 balances equaled $33.4 billion \u2013 up 59% from 2Q25.\u201d<\/p>\n

President & CEO Rick Wurster<\/i><\/p>\n<\/td>\n<\/tr>\n

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\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

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Diversified Revenue Growth<\/b><\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

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21%
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<\/b>2Q26 Revenue<\/p>\n

\nGrowth vs. 2Q25<\/p>\n<\/td>\n

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\n\u201cOur ability to do more for clients throughout their financial lives enables Schwab to deliver robust results across a range of environments. During the second quarter, strong client engagement helped drive year-over-year revenue growth of 21% to a record $7.1 billion.\u201d
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CFO Mike Verdeschi<\/i><\/p>\n<\/td>\n<\/tr>\n

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\n\u00a0<\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

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Strong Earnings Momentum<\/b><\/p>\n<\/td>\n

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\n\u00a0<\/p>\n<\/td>\n

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43%
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<\/b>2Q26 GAAP EPS<\/p>\n

\nGrowth vs. 2Q25<\/p>\n<\/td>\n

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\n\u201cDuring 2Q26, the strength of Schwab\u2019s diversified business model, our industry-leading scale, and opportunistic capital return in multiple forms combined to deliver year-over-year GAAP earnings growth of 43% to a record $1.54 per share, or $1.62 on an adjusted (1)<\/sup> basis.\u201d
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CFO Mike Verdeschi<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

2Q26 Client and Business Highlights<\/b><\/p>\n