Quarterly ResultMay 8, 2026, 04:23 PM
Charles Schwab Q1 Net Income $2.5B (+30%), EPS $1.37 (+38%)
AI Summary
Charles Schwab reported strong financial performance in Q1 2026, with net income increasing 30% year-over-year to $2.5 billion and diluted EPS rising 38% to $1.37. Total net revenues grew 16% to $6.5 billion, driven by strong asset gathering, client engagement, and growth in lending offerings. The company also completed the acquisition of Forge Global Holdings, Inc. and announced a phased rollout of spot crypto trading for retail clients. Additionally, Schwab repurchased $2.4 billion in common stock and increased its common dividend by 19% to $0.32 per share.
Key Highlights
- Net income rose 30% year-over-year to $2.5 billion in Q1 2026.
- Diluted EPS increased 38% year-over-year to $1.37.
- Total net revenues grew 16% year-over-year to $6.5 billion.
- Net interest revenue was $3.1 billion, up 16% YoY.
- Asset management and administration fees increased 15% to $1.8 billion.
- Trading revenue grew 20% to $1.1 billion.
- Repurchased $2.4 billion in common stock and increased common dividend by 19% to $0.32 per share.
- Completed acquisition of Forge Global Holdings, Inc. for $636 million cash.