Schwab Q1 earnings surge 30%, launches crypto trading, completes $636M Forge acquisition

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Net income jumped 30% to $2.5B in Q1 2026 with EPS up 38% to $1.37, driven by asset gathering, trading volume, and lower wholesale borrowings. Total revenues rose 16% to $6.5B.

  MD&A: Financial Results verify on EDGAR →
• high

  Launched spot crypto trading (bitcoin, ethereum) in April 2026 with CSPB custody and Paxos execution. Plans to add more coins and in-kind transfer capabilities for existing holdings.

  MD&A: Cryptocurrency Trading verify on EDGAR →
• high

  Completed $636M acquisition of Forge Global in March 2026, adding private market platform and trading marketplace to serve clients seeking private company investments.

  MD&A: Forge Acquisition verify on EDGAR →