Quarterly ResultApr 16, 2026, 04:21 PM
Schwab Reports Record 1Q26 EPS of $1.37; Revenue Hits $6.5B
AI Summary
The Charles Schwab Corporation reported record financial results for the first quarter ended March 31, 2026. The company achieved record GAAP earnings per share of $1.37, with adjusted EPS reaching $1.43, marking a 38% increase year-over-year. Net revenues also hit a record $6.5 billion, up 16% from the prior year, driven by strong client engagement and growth. The quarter saw significant client acquisition with 1.3 million new accounts opened and core net new assets of $140 billion, including $79.7 billion in March alone.
Key Highlights
- 1Q26 GAAP EPS of $1.37; adjusted EPS of $1.43, up 38% YoY.
- 1Q26 net income totaled $2.5 billion; adjusted net income $2.6 billion.
- 1Q26 net revenues reached a record $6.5 billion, up 16% YoY.
- March core net new assets equaled $79.7 billion.
- 1.3 million new client accounts opened in Q1 2026.