Charles Schwab Corporation 8-K
PositiveEarningsImpairment / charge
Net interest, asset management and trading growth drove record $7.17B revenue and $1.62 GAAP EPS.
Filed 2026-10-15 16:18 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results: Schwab reported record revenue of $7.17B, up 17% Y/Y, and record diluted EPS of $1.62, up 29%. Growth reflected higher net interest, asset management and trading revenue; adjusted results exclude $151M of pre-tax transaction-related costs.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $7.17B, +17% Y/Y | $20.7B, +18% Y/Y |
| Net income (GAAP) | $2.91B, +23% Y/Y | $8.19B, +28% Y/Y |
| Net income (non-GAAP, adjusted) | $3.02B, +23% Y/Y | $8.54B, +28% Y/Y |
| Diluted EPS (GAAP) | $1.62, +29% Y/Y | $4.53, +36% Y/Y |
| Diluted EPS (non-GAAP, adjusted) | $1.69, +29% Y/Y | $4.73, +36% Y/Y |
| Pre-tax profit margin (GAAP) | 52.7%, vs 49.2% | 51.3%, vs 47.1% |
| Pre-tax profit margin (non-GAAP, adjusted) | 54.8%, vs 51.3% | 53.5%, vs 49.3% |
| Core net new assets | $190.4B, +38% Y/Y | — |
- Revenue growth included net interest revenue of $3.48B (+14% Y/Y), asset management and administration fees of $1.91B (+14%), and trading revenue of $1.16B (+16%); net interest margin was 3.04%, vs 2.88% a year earlier.
- Client assets reached $13.33T (+15% Y/Y); clients opened 1.2M brokerage accounts. Bank loans were $72.3B (+35% Y/Y), and margin loans were $187.9B (+93% Y/Y).
- Schwab repurchased 4.7M shares for $0.5B; weighted-average diluted shares fell 4% Y/Y to 1.733B. Preliminary consolidated Tier 1 leverage and adjusted Tier 1 leverage ratios were 8.9% and 7.0%.
Guidance
No guidance in this filing.
The summary is written by an AI model reading the filing.
Model 005 · prompt c016c5fc48 · 2026-10-15 22:34:33Z