Q2 26 EPS
$1.62
BEAT +4.55%
Est. $1.55
Q2 26 Revenue
$7.07B
BEAT +2.51%
Est. $6.90B
vs S&P Since Q2 26
+3.8%
BEATING MARKET
SCHW +7.1% vs S&P +3.4%
Market Reaction
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% yea… Read more 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
SCHW YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SCHW Revenue by Segment
With YoY comparisons, source: SEC Filings
“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%.”
— Rick Wurster, Q2 2026 Earnings Press Release
SCHW Earnings Trends
SCHW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SCHW EPS Trend
Earnings per share: estimate vs actual
SCHW Revenue Trend
Quarterly revenue: estimate vs actual
SCHW Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.55 | $1.62 | +4.55% | $7.07B | +2.51% |
| Q1 26 BEAT | $1.39 | $1.43 | +3.00% | $6.48B | -0.08% |
| Q4 25 BEAT FY | $1.39 | $1.39 | +0.09% | $6.34B | -0.57% |
| FY Full Year | $4.86 | $4.87 | +0.13% | $23.92B | +0.43% |
| Q3 25 BEAT | $1.25 | $1.31 | +5.21% | $6.14B | +1.96% |
| Q2 25 BEAT | $1.07 | $1.14 | +6.48% | $5.85B | +3.70% |