Companies /Financial Services
Charles Schwab Corp
NYSE: SCHW Capital Markets
$90.58
▼ $0.86 (−0.94%) today
Markets closed · 9:31pm ET

Charles Schwab (SCHW) Q3 2026 Earnings

Reported Oct 15, 2026, 4:18pm ET · SEC source
$1.69
Beat +1.61%
EPS · est. $1.66 Adjusted

Excludes $151 million of pre-tax acquisition and integration-related costs (primarily compensation and benefits) and amortization of acquired intangible assets

$7.2B
Miss −0.40%
Revenue · est. $7.2B
6 quarters
Consecutive EPS beats

How Did SCHW Stock React to Q3 2026 Earnings?

% change · around the report
−2%−1%0+1%Oct 15Oct 16report 4:18pm ETearnings−1.2%−2.3%
−2%−1%0+1%Oct 15Oct 16earnings−1.2%−2.3%
SCHW −2.3%S&P 500 −1.2%
−2%0Oct 15Oct 16report 4:18pm ETearnings−2.5%−2.3%
−2%0Oct 15Oct 16earnings−2.5%−2.3%
SCHW −2.3%NASDAQ −2.5%
−3%0+3%Oct 14Oct 23report 4:18pm ETearnings−1.3%−3.8%
−3%0+3%Oct 14Oct 23earnings−1.3%−3.8%
SCHW −3.8%S&P 500 −1.3%
−3%0+3%Oct 14Oct 23report 4:18pm ETearnings−2.9%−3.8%
−3%0+3%Oct 14Oct 23earnings−2.9%−3.8%
SCHW −3.8%NASDAQ −2.9%
−2.73%
Day of report
−2.34%
Next session
−2.89%
One week

Did SCHW Beat Earnings? Q3 2026 Results

Yes. Charles Schwab reported Q3 2026 earnings of $1.69 a share on Oct 15, 2026, beating the $1.66 consensus estimate by 1.6%. Revenue was $7.2B against a $7.2B estimate.

Charles Schwab delivered a mixed but broadly solid third quarter of 2026, beating adjusted EPS estimates while falling just short on the top line. The company posted adjusted EPS of $1.69, edging past the $1.66 consensus by 1.61% and extending its streak of beating EPS estimates to five consecutive quarters. Revenue of $7.17 billion rose 1.9% year over year but came in fractionally below the $7.20 billion consensus, a gap that analysts noted contributed to modest share price pressure despite otherwise healthy underlying results. The quarter's standout driver was a broad surge in client activity, with record core net new assets of $190.40 billion, up 38% year over year, pushing total client assets to $13.33 trillion. Trading revenue climbed 16% to $1.16 billion as daily average trades jumped 44%, while net interest revenue grew 14% to $3.48 billion as net interest margin expanded to 3.04%. The company did note it expects full-year revenue to land at the lower end of its prior guidance range, tempering some of the quarter's operational momentum.

Key Takeaways
  • Record core net new assets of $190.4 billion, up 38% year-over-year
  • Net interest margin expanded quarter-over-quarter to 3.04%
  • Average interest-earning assets grew 8% year-over-year to $451.5 billion
  • Daily average trading volume increased 44% year-over-year to 10.7 million
  • Managed Investing Solutions net flows grew 22% versus 3Q25
  • Bank loan balances grew 35% year-over-year to $72.3 billion
  • 1.2 million new brokerage account openings in the quarter

“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs.”

Charles Schwab CEO, on the earnings call

SCHW YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$2.0B$4.0B$6.0B$7.0B$7.2BRevenue$3.0B$3.8BOperating Income$2.4B$2.9BNet Income
$0$2.0B$4.0B$6.0BRevenueOperating IncomeNet Income
SCHW income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $7.2B $7.0B +1.9%
Operating Income $3.8B $3.0B +25.0%
Net Income $2.9B $2.4B +23.2%

SCHW Revenue by Segment

Net Interest Revenue$3.5B+14.0%
Asset Management and Administration Fees$1.9B+14.0%
Trading Revenue$1.2B+16.0%
Bank Deposit Account Fees$345.0M+40.0%

When Does Charles Schwab Report Next?

Expected report date
Before the open
Release timing

Figures from SEC filings and company reports. Not investment advice.