Companies /Financial Services

Charles Schwab Corp

NYSE: SCHW Capital Markets
$110.37
▲ $2.13 (+1.97%) today
Markets closed · 4:35pm ET

Q2 2026 Earnings

Reported Jul 21, 2026, 4:16pm ET · SEC source
$1.62
Beat +5.88%
EPS · est. $1.55
$7.1B
Beat +2.51%
Revenue · est. $6.9B
+7.9%
Beating market
SCHW vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+0.9%+1.8%+2.7%Jul 21Jul 22report 4:16pm ETearnings−0.3%+0.4%
0+0.9%+1.8%+2.7%Jul 21Jul 22earnings−0.3%+0.4%
SCHW +0.4%S&P 500 −0.3%
0+2%Jul 21Jul 22report 4:16pm ETearnings−0.8%+0.4%
0+2%Jul 21Jul 22earnings−0.8%+0.4%
SCHW +0.4%NASDAQ −0.8%
−3%0+3%+6%Jul 20Jul 29report 4:16pm ETearnings−2.7%+4.6%
−3%0+3%+6%Jul 20Jul 29earnings−2.7%+4.6%
SCHW +4.6%S&P 500 −2.7%
−4%0+4%Jul 20Jul 29report 4:16pm ETearnings−6.9%+4.6%
−4%0+4%Jul 20Jul 29earnings−6.9%+4.6%
SCHW +4.6%NASDAQ −6.9%
−2.52%
Day of report
+0.84%
Next session
+6.01%
One week
+9.83%
30 days

S&P 500 over the same 30 days: +1.91%.

Did SCHW Beat Earnings? Q2 2026 Results

Charles Schwab posted a standout second quarter, with adjusted diluted EPS of $1.62 beating the $1.53 consensus estimate by 5.88%, extending the firm's streak of consensus beats to four consecutive quarters. Revenue reached $7.07 billion, up 3.8% year-over-year, as the company delivered broad-based strength across nearly every business line. The single most compelling driver of the quarter was an exceptional surge in client engagement, with core net new assets of $119.80 billion, up 49% versus the year-ago period, and total client assets climbing 22% to $13.08 trillion. Trading activity also contributed meaningfully, with daily average trades reaching a record 11,900, up 57% year-over-year, while net interest revenue of $3.36 billion expanded 19% as net interest margin widened to 3.00%. The results underscored what analysts have pointed to as Schwab's durable competitive position, built on scale, deepening client relationships, and a growing innovation pipeline that now includes direct crypto trading and generative AI-powered portfolio tools.

Key Takeaways
  • Record daily average trading volume of 11.9 million, up 57% year-over-year
  • Core net new assets of $119.8 billion, up 49% versus Q2 2025
  • Net interest margin expansion of 12 basis points quarter-over-quarter to 3.00%
  • Managed Investing Solutions net flows grew 53% versus Q2 2025
  • Net flows into Schwab Wealth Advisory increased 80% year-over-year
  • Bank loan balances grew 33% year-over-year to $67.0 billion
  • Margin loan balances increased 30% quarter-over-quarter to $165.1 billion
  • 1.4 million new brokerage account openings in the quarter

“Schwab's 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 – an annualized organic growth rate of 5.8%.”

Charles Schwab CEO, on the earnings call

SCHW YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$6.0B$6.8B$7.1BRevenue$2.1B$2.8BNet Income$2.8B$3.7BOperating Income
$0$2.0B$4.0B$6.0BRevenueNet IncomeOperating Income

SCHW Revenue by Segment

Net Interest Revenue$3.4B+19.0%
Asset Management and Administration Fees$1.8B+16.0%
Trading Revenue$1.2B+28.0%
Bank Deposit Account Fees$333.0M+35.0%

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