Quarterly ResultJul 21, 2026, 04:22 PM
Schwab Q2 Revenue $7.1B, GAAP EPS $1.54; Record Core Net New Assets
AI Summary
The Charles Schwab Corporation reported record financial results for the second quarter ended June 30, 2026. Net revenues reached a record $7.1 billion, marking a 21% increase year-over-year, while GAAP diluted earnings per share rose 43% to a record $1.54. The company also achieved record June core net new assets of $62.7 billion, contributing to $120 billion in core net new assets for the quarter, and saw total client assets grow 22% to $13.08 trillion. Additionally, Schwab launched new offerings like Schwab Crypto and AI-powered Portfolio Insights, and repurchased $1.0 billion of common stock.
Key Highlights
- Q2 Net Revenues: $7.1 billion, up 21% year-over-year.
- Q2 GAAP Diluted EPS: $1.54, up 43% year-over-year.
- Q2 Adjusted Diluted EPS: $1.62, up 42% year-over-year.
- Total Client Assets: $13.08 trillion, up 22% year-over-year.
- Q2 Core Net New Assets: $120 billion, with June record $62.7 billion (+47% YoY).
- New Brokerage Accounts: 1.4 million opened in Q2.
- Daily Average Trading Volume: 11.9 million, up 57% year-over-year.
- Common Stock Repurchases: $1.0 billion during the quarter.
Price Impact
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