Schwab Delivers Record Net New Assets & Earnings
Business Wire•15/10/2026•07:30 ET
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Key Highlights
- ➤Core net new assets $190.4B, up 38% year-over-year
- ➤3Q net revenues $7.2B, a record, up 17% year-over-year
- ➤Record GAAP EPS $1.62, up 29% year-over-year
- ➤Client assets $13.33T, up 15% year-over-year
- ➤Daily average trading volume 10.7M, up 44% year-over-year
Expert Statements
Rick Wurster, President & CEO of Charles Schwab
“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 of Charles Schwab
“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 of Charles Schwab
“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 of Charles Schwab
“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 ((1)) basis.”
Record Quarterly Core Net New Assets of $190.4 Billion, Up 38% Year-Over-Year
3Q Net Revenues Reached a Record $7.2 Billion, Up 17% Year-Over-Year
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