Charles Schwab Corporation 8-K
PositiveEarningsImpairment / charge
Stronger trading and asset-management fees drove record revenue as June core net new assets hit a record.
Filed 2026-07-21 16:16 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results. Record revenue of $7.07B rose 21% Y/Y, while GAAP diluted EPS reached a record $1.54, up 43%. Client asset gathering and trading activity were strong; adjusted results exclude $170M of pre-tax acquisition and integration costs and acquired-intangible amortization.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $7.07B | $5.85B | 21% |
| Net income (GAAP) | $2.8B | $2.13B | 32% |
| Net income (non-GAAP) | $2.93B | $2.22B | 32% |
| Diluted EPS (GAAP) | $1.54 | $1.08 | 43% |
| Diluted EPS (non-GAAP) | $1.62 | $1.14 | 42% |
- Core net new assets were $119.8B, up 49%; June core net new assets were a record $62.7B, up 47% Y/Y, representing a 5.8% annualized organic growth rate. Total client assets reached $13.1T, up 22%.
- Revenue growth was supported by trading revenue of $1.22B, up 28%, and asset management and administration fees of $1.83B, up 16%. Net interest margin was 3.00%, up 12 bp Q/Q.
- At quarter-end, cash and cash equivalents were $40.6B and long-term debt was $22.7B. Schwab repurchased 11.2M shares for $1.0B; diluted weighted-average shares fell 5% Y/Y. It also redeemed $2.1B of Series I preferred stock and issued $1.5B of Series L preferred stock. Capital expenditures included $633M for a multi-year software license, with a corresponding liability in long-term debt.
Guidance
No guidance in this filing.
Investor Takeaways
- Next-quarter net new assets and net interest margin will indicate whether client inflows and margin expansion continue.
The summary is written by an AI model reading the filing.
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