SCHWAB CHARLES CORP (SCHW) Form 10-Q — Nov 6, 2026
Charles Schwab delivered a standout third quarter of 2026, with total net revenues of $7.17 billion up 17% year-over-year and net income of $2.9 billion up 23%. Diluted EPS rose 29% to $1.62, with adjusted EPS of $1.69, and pre-tax profit margin expanded to 52.7%. Growth was broad-based: core net new client assets hit $190.4 billion in the quarter, up 38% year-over-year, total client assets reached $13.33 trillion, and daily average trades surged 44% to 10.7 million. Net interest margin expanded to 3.04% on strong margin and bank lending demand, while asset management and trading revenue each grew mid-to-high teens.
Key figures
- Eps
- 1.62
- Revenue
- 7171000000
- Guidance
- Full-year 2026 GAAP expenses excluding interest expected to increase approximately 10-11%; capital expenditures expected slightly higher than previously disclosed 3-5% of total net revenues range
- Net Income
- 2906000000
- Total Debt
- 23800000000
- Revenue Yoy
- 17% (Q3 2026 vs Q3 2025); nine-month revenue $20.725B, +18%
- Cash Position
- 68500000000
- Dats Q3
- 10.69 million (+44% YoY)
- Bank Loans
- $72.3 billion
- Average LCRQ3
- 125%
- Return On Equity Q3
- 25%
- Total Client Assets
- $13.33 trillion
- Core Net New Assets Q3
- $190.4 billion (+38% YoY)
- Share Repurchases Q3
- $500 million ($3.9 billion YTD; $10.6 billion remaining on $20 billion authorization)
- Tier1 Leverage Ratio
- 8.9%
- Net Interest Margin Q3
- 3.04%
- Pre Tax Profit Margin Q3
- 52.7%
- Forge Acquisition Value
- $636 million (completed March 2, 2026)
- Active Brokerage Accounts
- 40.26 million
- Quarterly Dividend Per Share
- $0.32 (raised 19% in Q1 2026)
- Adjusted Tier1 Leverage Ratio
- 7.0%
- Receivables From Brokerage Clients
- $128.1 billion
AI analysis
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