Schwab Q3 2026 earnings: record $7.2 billion revenue and $190.4 billion in core net new assets lift EPS 29% to $1.62

Charles Schwab posted a record quarter on nearly every headline measure as clients poured in fresh money and kept trading.

Third-quarter net revenues rose 17% to a record $7.17 billion, and net income climbed 23% to $2.9 billion, or $1.62 per share, according to its earnings release. Excluding $151 million of pre-tax acquisition and integration-related costs and amortization of acquired intangibles, adjusted earnings were $1.69 per share, up 29% from $1.31 a year earlier.

Core net new assets reached a record $190.4 billion, up 38% year over year, which the company put at an annualized growth rate of 5.8%. Clients opened 1.2 million new brokerage accounts, and total client assets rose 15% to $13.33 trillion.

Trading stayed busy. Daily average trading volume rose 44% to 10.7 million, and trading revenue grew 16% to $1.2 billion. Asset management and administration fees climbed 14% to $1.9 billion.

Lending was another driver. Margin loan balances jumped 14% from the prior quarter to $187.9 billion, including $60.7 billion tied to long/short strategies, while bank loans rose 35% from a year earlier to $72.3 billion. Net interest margin widened to 3.04% from the second quarter.

Client transactional sweep cash ended September at $492.8 billion, up $7.1 billion from the prior quarter-end. Schwab repurchased 4.7 million shares for $0.5 billion during the quarter.

By the numbers

• Net revenues: $7.17 billion, up 17%
• GAAP EPS: $1.62 vs. $1.26; adjusted $1.69 vs. $1.31
• Core net new assets: $190.4 billion, up 38%
• Total client assets: $13.33 trillion, up 15%
• Margin loans: $187.9 billion
• Buybacks: 4.7 million shares for $0.5 billion

Sources

1. The Charles Schwab Corporation, Form 8-K (Items 2.02, 9.01), filed Oct. 15, 2026, accession 0000316709-26-000035
2. The Charles Schwab Corporation, earnings press release (Exhibit 99.1), Oct. 15, 2026

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