Charles Schwab (NYSE:SCHW) Issues Quarterly Earnings Results
Record trading and lending activity helped lift revenue 21% and adjusted earnings per share 42%, while client assets climbed to $13.08 trillion.
- On Tuesday, The Charles Schwab Corporation reported record second-quarter results with $7.1 billion in net revenue, representing 21% growth, and adjusted earnings per share of $1.62, up 42% year-over-year.
- Schwab's platform supported record 11.9 million daily average trades, driven by broad client participation and a structural shift in options trading, which propelled a 28% increase in trading revenue to $1.2 billion.
- The company attracted $119.8 billion in core net new assets during the quarter, including a record $62.7 billion in June, while opening 1.4 million new brokerage accounts in the first half of the year.
- Clients increasingly favor financial consolidation, with 61% of affluent individuals aged 25 to 44 preferring one firm; Schwab's Pledged Asset Line balances grew 59% to $33.4 billion, reflecting digital lending adoption.
- Management projects 17.5% to 18.5% revenue growth for full-year 2026, assuming 13% market appreciation, while annual expense growth is anticipated to range from 9.5% to 10.5%, reflecting volume-related costs and the inclusion of Forge.
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Charles Schwab Q2 2026 Earnings Call Transcript - Charles Schwab (NYSE:SCHW)
Charles Schwab (NYSE:SCHW) held its second-quarter earnings conference call on Tuesday. Below is the complete transcript from the call. This transcript is brought to you by Benzinga APIs. For real-time access to our
Charles Schwab (NYSE:SCHW) Issues Quarterly Earnings Results
Charles Schwab (NYSE:SCHW - Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.09. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.During the same period in the prior year, the business posted $1.14 EPS. The company's revenue for the quarter was up 20.9% on a year-ove…
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