Schwab reports record Q2 revenue of $7.1B, up 21% YoY, with EPS of $1.54 ($1.62 adjusted)

Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

• high

  Net income reached $2.8B (EPS $1.54), or $2.9B adjusted (EPS $1.62) excluding $170M transaction costs. Net revenues hit record $7.1B, up 21% YoY, driven by strong client engagement and diversified revenue streams.

  Exhibit 99.1 view on EDGAR →
• high

  Core net new assets totaled $119.8B, up 49% YoY, with June alone bringing record $62.7B (5.8% annualized organic growth). Total client assets reached $13.08T (+22% YoY) with 1.4M new brokerage accounts opened.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest margin expanded 12 bps quarter-over-quarter to 3.00%. Client sweep cash balances grew $24.2B to $485.7B, while average interest-earning assets reached $445.0B (+5% YoY), supporting 19% net interest revenue growth to $3.4B.

  Exhibit 99.1 view on EDGAR →