Charles Schwab Corporation (The): Mixed — EPS $1.69, Revenue $7.17B
Mixed ResultQ3 2026 · Pre-market
@trystockwhiz
Did Charles Schwab Corporation (The) (SCHW) beat earnings today?
It was a mixed report for Q3 2026 — Charles Schwab Corporation (The) (SCHW) beat on EPS but missed on revenue.
Earnings Per Share+1.81% surprise
$1.69Actual
Expected: $1.66
vs. year ago +29.0%
Total Revenue-0.13% surprise
$7.17BActual
Expected: $7.18B
vs. year ago +17.0%
Released Oct 15 · 7:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $7.17B | $6.13B | +17.0 |
| Revenue detail — reported lines | |||
| └─Net interest revenue | $3.48B | $3.05B | +14.0 |
| └─Asset management and administration fees | $1.91B | $1.67B | +14.0 |
| └─Trading revenue | $1.16B | $995.00M | +16.0 |
| └─Bank deposit account fees | $345.00M | $247.00M | +40.0 |
| └─Other | $279.00M | $170.00M | +64.0 |
| Net Income | $2.91B | $2.36B | +23.0 |
| Adjusted Net Income | $3.02B | $2.46B | +23.0 |
| GAAP Basic EPS | $1.63 | $1.26 | +29.0 |
| GAAP Diluted EPS | $1.62 | $1.26 | +29.0 |
| Adjusted Diluted EPS | $1.69 | $1.31 | +29.0 |
Business Highlights
- ➤Opened 1.2 million new brokerage accounts during the quarter.
- ➤Introduced Charley, an AI-powered assistant for U.S. retail clients.
- ➤Partnered with Anthropic to bring Claude directly to independent RIAs.
- ➤Announced Single Stock Futures on the thinkorswim® trading platform.
- ➤Plans to expand digital assets available in Schwab Crypto™.
- ➤Recognized as one of Fortune’s 2026 Most Innovative Companies.
- ➤Repurchased 4.7 million shares of common stock during the quarter.
- ➤Schwab Wealth Advisory™ net flows increased 55% versus 3Q25.
Management Commentary
Rick Wurster, President & CEO
“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs.”
Rick Wurster, President & CEO
“As investing plays an increasingly central role in people’s financial lives, clients continue to turn to Schwab for our broad set of wealth, trading, and banking capabilities. During the quarter, Pledged Asset Line™ balances grew to $37.3 billion, up 59% year-over-year, while net flows into Schwab Wealth Advisory™ increased 55%.”
Mike Verdeschi, CFO
“Deeper client engagement across Schwab's platform continues to broaden and strengthen our revenue model, helping our third quarter revenue increase 17% year-over-year to a record $7.2 billion.”
Mike Verdeschi, CFO
“Our diversified business model, continued focus on meeting clients’ evolving needs, and industry leading scale combined to drive year-over-year GAAP earnings growth of 29% to a record $1.62, or $1.69 on an adjusted basis.”