Companies /Financial Services

Charles Schwab Corp

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

Q1 2026 Earnings

Reported Apr 16, 2026, 4:17pm ET · SEC source
$1.43
Beat +3.00%
EPS · est. $1.39
$6.5B
Miss −0.08%
Revenue · est. $6.5B
−5.5%
Trailing market
SCHW vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Apr 16Apr 17report 4:17pm ETearnings+1.3%−0.5%
−2%0+2%Apr 16Apr 17earnings+1.3%−0.5%
SCHW −0.5%S&P 500 +1.3%
−2%0+2%Apr 16Apr 17report 4:17pm ETearnings+1.4%−0.5%
−2%0+2%Apr 16Apr 17earnings+1.4%−0.5%
SCHW −0.5%NASDAQ +1.4%
−4%0+4%+8%Apr 15Apr 24report 4:17pm ETearnings+1.7%−4.7%
−4%0+4%+8%Apr 15Apr 24earnings+1.7%−4.7%
SCHW −4.7%S&P 500 +1.7%
−4%0+4%+8%Apr 15Apr 24report 4:17pm ETearnings+3.7%−4.7%
−4%0+4%+8%Apr 15Apr 24earnings+3.7%−4.7%
SCHW −4.7%NASDAQ +3.7%
−7.63%
Day of report
−0.37%
Next session
−3.99%
One week
−0.25%
30 days

S&P 500 over the same 30 days: +5.27%.

Did SCHW Beat Earnings? Q1 2026 Results

Charles Schwab posted a strong first quarter of 2026, with earnings per share of $1.43 beating the consensus estimate of $1.39 by 3.00%, even as revenue of $6.48 billion came in fractionally below the $6.49 billion analyst forecast and declined 2.5% year over year. The headline EPS beat masked a quarter defined by genuine operational momentum: net interest revenue climbed 16% to $3.14 billion, powered by a dramatic compression in deposit funding costs as the average rate paid on deposits fell from 0.72% to just 0.20%, expanding net interest margin to 2.88%. GAAP net income rose 30% to $2.48 billion, and the pre-tax profit margin improved to 49.2% from 43.8% a year ago. Client engagement was equally compelling, with core net new assets reaching $140 billion and total client assets growing 19% year over year to $11.77 trillion. Despite those robust figures, investor sentiment remained cautious, with concerns around cash management tools from competitors weighing on the stock even as the underlying business demonstrated clear earnings power.

Key Takeaways
  • Record daily average trading volume of 9.9 million, up 34% year-over-year
  • Net interest margin expansion to 2.88% from 2.53% year-over-year driven by sharply lower bank deposit costs
  • Core net new assets of $140 billion ($157.5 billion excluding planned mutual fund clearing deconversion)
  • Total client assets grew 19% year-over-year to $11.77 trillion
  • Managed Investing Solutions net flows grew 46% versus 1Q25
  • Bank loan balances grew 29% year-over-year to $60.9 billion
  • 1.3 million new brokerage account openings in the quarter
  • Margin loan balances increased 13% versus year-end 2025 to $126.7 billion

“Schwab's strong business momentum continued into 2026 as investors opened 1.3 million new brokerage accounts and brought $140 billion of core net new assets to the firm during the first quarter. Excluding a planned mutual fund clearing deconversion, asset gathering totaled $158 billion – an annualized growth rate of 5.4%.”

Charles Schwab CEO, on the earnings call

SCHW YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$6.0B$6.7B$6.5BRevenue$1.9B$2.5BNet Income$2.5B$3.2BOperating Income
$0$2.0B$4.0B$6.0BRevenueNet IncomeOperating Income

SCHW Revenue by Segment

Net Interest Revenue$3.1B+16.0%
Asset Management and Administration Fees$1.8B+15.0%
Trading Revenue$1.1B+20.0%
Bank Deposit Account Fees$295.0M+20.0%

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