Charles Schwab Q2 FY26 net income climbs 32% to $2.8 billion; revenue rises 21% to $7.07 billion

Reuters2026/08/07 20:33

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Charles Schwab Q2 net income rose 32% to $2.8 billion; GAAP diluted EPS climbed 43% to $1.54.
Total net revenues increased 21% to $7.07 billion, led by net interest revenue up 19% to $3.36 billion.
Pre-tax profit margin widened 4 percentage points to 51.9%; total expenses excluding interest rose 12% to $3.4 billion.
Core net new client assets jumped 49% to $119.8 billion; client assets rose 22% to $13.08 trillion at June 30.
Schwab completed the $636 million Forge acquisition; began phased rollout of Schwab Crypto spot bitcoin and ether trading to retail clients.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Charles Schwab Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000316709-26-000031), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Charles Schwab Q2 FY26 net income climbs 32% to $2.8 billion; revenue rises 21% to $7.07 billion

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