Quarterly ResultAug 7, 2026, 04:40 PM
Schwab Q2 Net Income $2.8B (+32%), EPS $1.54 (+43%); Client Assets $13.08T
AI Summary
Schwab reported strong financial results for Q2 2026, with net income increasing 32% to $2.8 billion and diluted EPS rising 43% to $1.54. Total net revenues grew 21% to $7.1 billion, driven by growth in net interest revenue, asset management fees, and trading revenue. The company also saw significant client asset growth, reaching $13.08 trillion, and attracted $119.8 billion in core net new assets. Additionally, Schwab completed the acquisition of Forge Global Holdings, Inc. and launched its Schwab CryptoTM spot crypto trading offer during the quarter.
Key Highlights
- Schwab completed acquisition of Forge for $636 million in March 2026.
- Launched Schwab CryptoTM for spot crypto trading in May 2026.
- Q2 2026 Net Income: $2.8 billion, up 32% YoY.
- Q2 2026 Diluted EPS: $1.54, up 43% YoY.
- Q2 2026 Total Net Revenues: $7.1 billion, up 21% YoY.
- Total Client Assets: $13.08 trillion at June 30, 2026, up 22% YoY.
- Core Net New Client Assets: $119.8 billion in Q2 2026, up 49% YoY.
- Return on average common stockholders’ equity: 25% for Q2 2026.
Price Impact
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