Companies /Financial Services

Charles Schwab Corp

NYSE: SCHW Capital Markets
$109.39
▼ $0.99 (−0.90%) today
Markets open · 12:36pm ET

Q2 2025 Earnings

Reported Jul 18, 2025, 4:20pm ET · SEC source
$1.14
Beat +6.48%
EPS · est. $1.07
$5.9B
Beat +3.70%
Revenue · est. $5.6B
−2.0%
Trailing market
SCHW vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−1.2%−0.8%−0.4%0Jul 18Jul 18report 4:20pm ETearnings+0.0%+0.0%
−1.2%−0.8%−0.4%0Jul 18Jul 18earnings+0.0%+0.0%
SCHW +0.0%S&P 500 +0.0%
−1.2%−0.8%−0.4%0Jul 18Jul 18report 4:20pm ETearnings+0.0%−0.1%
−1.2%−0.8%−0.4%0Jul 18Jul 18earnings+0.0%−0.1%
SCHW −0.1%NASDAQ +0.0%
−2%0+2%Jul 17Jul 25report 4:20pm ETearnings+1.6%+1.3%
−2%0+2%Jul 17Jul 25earnings+1.6%+1.3%
SCHW +1.3%S&P 500 +1.6%
−2%0+2%Jul 17Jul 25report 4:20pm ETearnings+1.0%+1.3%
−2%0+2%Jul 17Jul 25earnings+1.0%+1.3%
SCHW +1.3%NASDAQ +1.0%
+2.90%
Day of report
+0.47%
Next session
+1.32%
One week
−0.04%
30 days

S&P 500 over the same 30 days: +1.95%.

Did SCHW Beat Earnings? Q2 2025 Results

Charles Schwab posted a strong second quarter, with adjusted earnings per share of $1.14 beating the $1.07 consensus by 6.48%, while revenue of $5.85 billion topped estimates by 3.70%, even as the top line reflected a 7.8% decline from the year-ago period. <a href="https://247wallst.com/investing/2025/07/18/live-will-schwab-soar-after-releasing-q2-earnings/">Shares climbed sharply</a> in the wake of the results, briefly touching a record high in premarket trading. The single biggest driver behind the beat was a surge in net interest revenue, which climbed 31% year-over-year to $2.82 billion, fueled by ongoing reductions in higher-cost bank supplemental funding and a rebound in securities lending. Trading revenue also contributed meaningfully, rising 23% to $952 million on daily average trading volume of 7.6 million trades. Client engagement remained robust, with core net new assets of $80.3 billion, up 31% year-over-year, and total client assets reaching $10.76 trillion, while more than 1 million new brokerage accounts were opened during the quarter.

Key Takeaways
  • 25% year-over-year net revenue growth driven by net interest revenue expansion
  • Net interest margin expanded 12 basis points sequentially to 2.65% from reduction of higher-cost liabilities and rebound in securities lending
  • Bank Supplemental Funding declined $10.4 billion to $27.7 billion at quarter-end
  • Core net new assets of $80.3 billion, up 31% year-over-year
  • Daily average trading volume up 38% year-over-year to 7.6 million
  • New brokerage account openings up 11% year-over-year to 1.1 million
  • Managed Investing Solutions net inflows grew 37% versus Q2 2024
  • Client transactional sweep cash ended at $412.1 billion, a sequential build of $4.3 billion
  • Total client assets reached record $10.76 trillion, up 14% year-over-year

“Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts and gathering $80.3 billion in core net new assets – up 31% versus 2Q24.”

Charles Schwab CEO, on the earnings call

SCHW YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$2.0B$4.0B$6.0B$6.3B$5.9BRevenue$1.3B$2.1BNet Income$1.7B$2.8BOperating Income
$0$2.0B$4.0B$6.0BRevenueNet IncomeOperating Income

SCHW Revenue by Segment

Net Interest Revenue$2.8B+31.0%
Asset Management and Administration Fees$1.6B+14.0%
Trading Revenue$952.0M+23.0%
Bank Deposit Account Fees$247.0M+61.0%

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