Quarterly net income (to common) of $2.80B against $2.13B a year earlier; Schwab Q2 2026: Revenue +20.9%, buyback YTD, preferred issued, Forge acquired

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Total revenue rose 20.9% YoY to $7.1B in Q2 2026, driven by higher net interest revenue and asset management fees as client assets and market levels increased.

  XBRL Key Financials view on EDGAR →
• high

  Repurchased $3.4B of common stock in the first half of 2026 (35.5M shares) under the new $20B authorization, versus $351M in Q2 2025 alone; $11.1B remains available.

  Notes: Share Repurchase Program verify on EDGAR →
• high

  Issued Series L preferred stock in April 2026, raising; 6.100% dividend rate resets every five years beginning June 2031 with a 2.250% spread over five-year Treasury.

  Notes: Preferred Stock Issuance view on EDGAR →