The Charles Schwab Corporation (SCHW) Q2 FY2026 Financial Statements: Total net revenues $7.07B, Net income $2.80B
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PeriodQ2 FY2026
Published
Charles Schwab reported $7.07 billion in total net revenues for Q2 FY2026, the quarter ended June 30, 2026, up 20.9% from a year earlier, and net income of $2.80 billion, up 31.7%. Diluted earnings per share of $1.54 was up 42.6%, running ahead of the gain in net income mainly because buybacks left a smaller share count, with lower preferred dividends accounting for most of the rest. The revenue gain came from a wider net interest margin, 3.0% against 2.7% a year earlier, as funding costs fell and margin and bank lending grew, alongside heavier trading activity and higher asset management and administration fees, with total client assets reaching $13.08 trillion, up 21.6%. Costs are rising alongside that growth: Schwab nearly doubled its expected full-year expense growth, above the range it guided to in February, on volume-related expenses and the Forge acquisition.
| Metric | Amount | vs. year ago |
|---|---|---|
| Total net revenues | $7,072,000,000 | up 20.9% |
| Net income | $2,800,000,000 | up 31.7% |
| Diluted EPS | $1.54 | up 42.6% |
| Pre-tax profit margin | 51.9% | up 4.0 points |
| Net interest margin | 3.0% | up 0.3 points |
| Total client assets | $13,084,900,000,000 | up 21.6% |
About this file
| Ticker | SCHW |
|---|---|
| CIK | 0000316709 |
| Company | The Charles Schwab Corporation |
| Business type | broker-dealer / savings and loan holding company |
| Schema template | brokerage-bank |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share amounts in dollars; ratios in percent; brokerage account counts in actual accounts |
SCHW annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0000316709-26-000009 | 0000316709-26-000009 | 0000316709-26-000009 |
| Income statement | |||
| Interest revenue | 15,504,000,000 | 15,537,000,000 | 16,111,000,000 |
| Interest expense | -3,754,000,000 | -6,393,000,000 | -6,684,000,000 |
| Net interest revenue | 11,750,000,000 | 9,144,000,000 | 9,427,000,000 |
| Asset management and administration fees | 6,506,000,000 | 5,716,000,000 | 4,756,000,000 |
| Trading revenue | 3,921,000,000 | 3,264,000,000 | 3,230,000,000 |
| Bank deposit account fees | 977,000,000 | 729,000,000 | 705,000,000 |
| Other revenue | 767,000,000 | 753,000,000 | 719,000,000 |
| Total net revenues | 23,921,000,000 | 19,606,000,000 | 18,837,000,000 |
| Compensation and benefits | 6,491,000,000 | 6,043,000,000 | 6,315,000,000 |
| Professional services | 1,197,000,000 | 1,053,000,000 | 1,058,000,000 |
| Occupancy and equipment | 1,117,000,000 | 1,060,000,000 | 1,254,000,000 |
| Advertising and market development | 420,000,000 | 397,000,000 | 397,000,000 |
| Communications | 620,000,000 | 591,000,000 | 629,000,000 |
| Depreciation and amortization | 850,000,000 | 916,000,000 | 804,000,000 |
| Amortization of acquired intangible assets | 512,000,000 | 519,000,000 | 534,000,000 |
| Regulatory fees and assessments | 287,000,000 | 398,000,000 | 547,000,000 |
| Other expenses | 968,000,000 | 937,000,000 | 921,000,000 |
| Total expenses excluding interest | 12,462,000,000 | 11,914,000,000 | 12,459,000,000 |
| Income before taxes on income | 11,459,000,000 | 7,692,000,000 | 6,378,000,000 |
| Taxes on income | 2,607,000,000 | 1,750,000,000 | 1,311,000,000 |
| Net income | 8,852,000,000 | 5,942,000,000 | 5,067,000,000 |
| Preferred stock dividends and other | 435,000,000 | 464,000,000 | 418,000,000 |
| Net income available to common stockholders | 8,417,000,000 | 5,478,000,000 | 4,649,000,000 |
| Basic weighted average shares | 1,804,000,000 | 1,828,000,000 | 1,824,000,000 |
| Diluted shares | 1,809,000,000 | 1,834,000,000 | 1,831,000,000 |
| Basic EPS | 4.67 | 3 | 2.55 |
| Diluted EPS | 4.65 | 2.99 | 2.54 |
| Dividends declared per common share | 1.08 | 1 | 1 |
| Balance sheet | |||
| Cash and cash equivalents | 46,030,000,000 | 42,083,000,000 | |
| Cash and investments segregated for regulatory purposes | 42,931,000,000 | 38,221,000,000 | |
| Receivables from brokers dealers and clearing organizations | 7,190,000,000 | 2,440,000,000 | |
| Receivables from brokerage clients net | 104,660,000,000 | 85,374,000,000 | |
| Available for sale securities | 62,357,000,000 | 82,994,000,000 | |
| Held to maturity securities | 133,969,000,000 | 146,453,000,000 | |
| Bank loans net | 57,955,000,000 | 45,215,000,000 | |
| Goodwill | 11,951,000,000 | 11,951,000,000 | |
| Acquired intangible assets net | 7,233,000,000 | 7,743,000,000 | |
| Total assets | 490,995,000,000 | 479,843,000,000 | |
| Bank deposits | 255,747,000,000 | 259,121,000,000 | |
| Payables to brokers dealers and clearing organizations | 25,689,000,000 | 13,336,000,000 | |
| Payables to brokerage clients | 116,341,000,000 | 101,559,000,000 | |
| Other short term borrowings | 6,913,000,000 | 5,999,000,000 | |
| Federal home loan bank borrowings | 1,850,000,000 | 16,700,000,000 | |
| Long term debt | 22,199,000,000 | 22,428,000,000 | |
| Total liabilities | 441,570,000,000 | 431,468,000,000 | |
| Preferred stock | 6,763,000,000 | 9,191,000,000 | |
| Retained earnings | 44,065,000,000 | 37,568,000,000 | |
| Accumulated other comprehensive income loss | -10,983,000,000 | -14,848,000,000 | |
| Total stockholders equity | 49,425,000,000 | 48,375,000,000 | |
| Common stockholders equity | 42,662,000,000 | 39,184,000,000 | |
| Common shares outstanding | 1,758,325,075 | 1,831,211,681 | |
| Book value per common share | 24.26 | 21.4 | |
| Cash flow | |||
| Net cash from operating activities | 9,311,000,000 | 2,670,000,000 | 19,587,000,000 |
| Capital expenditures | -548,000,000 | -620,000,000 | -700,000,000 |
| Net cash from investing activities | 24,538,000,000 | 35,431,000,000 | 57,411,000,000 |
| Repurchases of common and nonvoting common stock | -7,346,000,000 | 0 | -2,842,000,000 |
| Redemption and repurchase of preferred stock | -2,458,000,000 | 0 | -467,000,000 |
| Dividends paid | -2,329,000,000 | -2,275,000,000 | -2,276,000,000 |
| Net cash from financing activities | -29,702,000,000 | -47,060,000,000 | -61,245,000,000 |
| Key metrics | |||
| Net new client assets | 498,600,000,000 | 361,600,000,000 | 337,200,000,000 |
| Core net new client assets | 519,400,000,000 | 366,900,000,000 | 305,700,000,000 |
| Total client assets | 11,903,000,000,000 | 10,101,300,000,000 | 8,516,600,000,000 |
| Average client assets | 10,809,000,000,000 | 9,400,400,000,000 | 7,793,800,000,000 |
| New brokerage accounts | 4,692,000 | 4,170,000 | 3,806,000 |
| Active brokerage accounts | 38,506,000 | 36,456,000 | 34,838,000 |
| Assets receiving ongoing advisory services | 6,020,300,000,000 | 5,061,700,000,000 | 4,338,800,000,000 |
| Client cash as percent of client assets | 9.7 | 10.1 | 10.5 |
| Pre tax profit margin percent | 47.9 | 39.2 | 33.9 |
| Return on average common stockholders equity percent | 21 | 15 | 16 |
| Consolidated tier 1 leverage ratio percent | 9.3 | 9.9 | 8.5 |
| Adjusted tier 1 leverage ratio percent | 7.1 | 6.8 | 4.9 |
| Average interest earning assets | 424,233,000,000 | 425,417,000,000 | 471,065,000,000 |
| Net interest margin percent | 2.74 | 2.12 | 1.98 |
| Common equity tier 1 capital ratio percent | 30.4 | 31.7 | |
SCHW quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 | |
|---|---|---|---|---|
| Label | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
| Period start | 2026-04-01 | 2026-01-01 | 2025-04-01 | 2025-01-01 |
| Period end | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 |
| Period type | three months | three months | three months | three months |
| Source accession | 0000316709-26-000031 | 0000316709-26-000031; 0000316709-26-000016 | 0000316709-26-000031 | 0000316709-26-000031; 0000316709-26-000016 |
| Income statement | ||||
| Interest revenue | 4,146,000,000 | 3,962,000,000 | 3,787,000,000 | 3,757,000,000 |
| Interest expense | -789,000,000 | -818,000,000 | -965,000,000 | -1,051,000,000 |
| Net interest revenue | 3,357,000,000 | 3,144,000,000 | 2,822,000,000 | 2,706,000,000 |
| Asset management and administration fees | 1,825,000,000 | 1,759,000,000 | 1,570,000,000 | 1,530,000,000 |
| Trading revenue | 1,215,000,000 | 1,089,000,000 | 952,000,000 | 908,000,000 |
| Bank deposit account fees | 333,000,000 | 295,000,000 | 247,000,000 | 245,000,000 |
| Other revenue | 342,000,000 | 195,000,000 | 260,000,000 | 210,000,000 |
| Total net revenues | 7,072,000,000 | 6,482,000,000 | 5,851,000,000 | 5,599,000,000 |
| Compensation and benefits | 1,790,000,000 | 1,812,000,000 | 1,536,000,000 | 1,672,000,000 |
| Professional services | 307,000,000 | 303,000,000 | 291,000,000 | 269,000,000 |
| Occupancy and equipment | 301,000,000 | 285,000,000 | 270,000,000 | 274,000,000 |
| Advertising and market development | 111,000,000 | 101,000,000 | 108,000,000 | 96,000,000 |
| Communications | 198,000,000 | 163,000,000 | 176,000,000 | 153,000,000 |
| Depreciation and amortization | 198,000,000 | 201,000,000 | 215,000,000 | 217,000,000 |
| Amortization of acquired intangible assets | 142,000,000 | 132,000,000 | 128,000,000 | 130,000,000 |
| Regulatory fees and assessments | 63,000,000 | 75,000,000 | 77,000,000 | 89,000,000 |
| Other expenses | 293,000,000 | 222,000,000 | 247,000,000 | 244,000,000 |
| Total expenses excluding interest | 3,403,000,000 | 3,294,000,000 | 3,048,000,000 | 3,144,000,000 |
| Income before taxes on income | 3,669,000,000 | 3,188,000,000 | 2,803,000,000 | 2,455,000,000 |
| Taxes on income | 869,000,000 | 709,000,000 | 677,000,000 | 546,000,000 |
| Net income | 2,800,000,000 | 2,479,000,000 | 2,126,000,000 | 1,909,000,000 |
| Preferred stock dividends and other | 119,000,000 | 82,000,000 | 149,000,000 | 113,000,000 |
| Net income available to common stockholders | 2,681,000,000 | 2,397,000,000 | 1,977,000,000 | 1,796,000,000 |
| Basic weighted average shares | 1,735,000,000 | 1,746,000,000 | 1,817,000,000 | 1,817,000,000 |
| Diluted shares | 1,739,000,000 | 1,752,000,000 | 1,822,000,000 | 1,822,000,000 |
| Basic EPS | 1.55 | 1.37 | 1.09 | 0.99 |
| Diluted EPS | 1.54 | 1.37 | 1.08 | 0.99 |
| Dividends declared per common share | 0.32 | 0.32 | 0.27 | 0.27 |
| Balance sheet | ||||
| Cash and cash equivalents | 40,580,000,000 | |||
| Cash and investments segregated for regulatory purposes | 33,011,000,000 | |||
| Receivables from brokers dealers and clearing organizations | 22,004,000,000 | |||
| Receivables from brokerage clients net | 122,848,000,000 | |||
| Available for sale securities | 62,467,000,000 | |||
| Held to maturity securities | 130,568,000,000 | |||
| Bank loans net | 66,996,000,000 | |||
| Goodwill | 12,290,000,000 | |||
| Acquired intangible assets net | 7,283,000,000 | |||
| Total assets | 517,266,000,000 | |||
| Bank deposits | 249,682,000,000 | |||
| Payables to brokers dealers and clearing organizations | 43,826,000,000 | |||
| Payables to brokerage clients | 123,968,000,000 | |||
| Other short term borrowings | 13,945,000,000 | |||
| Federal home loan bank borrowings | 500,000,000 | |||
| Long term debt | 22,669,000,000 | |||
| Total liabilities | 467,119,000,000 | |||
| Preferred stock | 6,213,000,000 | |||
| Retained earnings | 48,044,000,000 | |||
| Accumulated other comprehensive income loss | -10,575,000,000 | |||
| Total stockholders equity | 50,147,000,000 | |||
| Common stockholders equity | 43,934,000,000 | |||
| Common shares outstanding | 1,728,119,192 | |||
| Book value per common share | 25.42 | |||
| Key metrics | ||||
| Net new client assets | 118,700,000,000 | 73,600,000,000 | ||
| Core net new client assets | 119,800,000,000 | 80,300,000,000 | ||
| Total client assets | 13,084,900,000,000 | 10,757,300,000,000 | ||
| Average client assets | 12,723,500,000,000 | 10,108,500,000,000 | ||
| New brokerage accounts | 1,388,000 | 1,098,000 | ||
| Active brokerage accounts | 39,802,000 | 37,476,000 | ||
| Assets receiving ongoing advisory services | 6,671,700,000,000 | 5,425,000,000,000 | ||
| Client cash as percent of client assets | 9 | 9.9 | ||
| Pre tax profit margin percent | 51.9 | 47.9 | ||
| Return on average common stockholders equity percent | 25 | 19 | ||
| Consolidated tier 1 leverage ratio percent | 8.7 | 9.8 | ||
| Adjusted tier 1 leverage ratio percent | 6.8 | 7.2 | ||
| Average interest earning assets | 444,982,000,000 | 421,845,000,000 | ||
| Net interest margin percent | 3 | 2.66 | ||
| Common equity tier 1 capital ratio percent | 24.4 | |||
SCHW year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0000316709-26-000031 |
| Income statement | |
| Interest revenue | 8,108,000,000 |
| Interest expense | -1,607,000,000 |
| Net interest revenue | 6,501,000,000 |
| Asset management and administration fees | 3,584,000,000 |
| Trading revenue | 2,304,000,000 |
| Bank deposit account fees | 628,000,000 |
| Other revenue | 537,000,000 |
| Total net revenues | 13,554,000,000 |
| Compensation and benefits | 3,602,000,000 |
| Professional services | 610,000,000 |
| Occupancy and equipment | 586,000,000 |
| Advertising and market development | 212,000,000 |
| Communications | 361,000,000 |
| Depreciation and amortization | 399,000,000 |
| Amortization of acquired intangible assets | 274,000,000 |
| Regulatory fees and assessments | 138,000,000 |
| Other expenses | 515,000,000 |
| Total expenses excluding interest | 6,697,000,000 |
| Income before taxes on income | 6,857,000,000 |
| Taxes on income | 1,578,000,000 |
| Net income | 5,279,000,000 |
| Preferred stock dividends and other | 201,000,000 |
| Net income available to common stockholders | 5,078,000,000 |
| Basic weighted average shares | 1,740,000,000 |
| Diluted shares | 1,745,000,000 |
| Basic EPS | 2.92 |
| Diluted EPS | 2.91 |
| Dividends declared per common share | 0.64 |
| Cash flow | |
| Net cash from operating activities | 11,642,000,000 |
| Capital expenditures | -325,000,000 |
| Net cash from investing activities | -6,424,000,000 |
| Repurchases of common and nonvoting common stock | -3,377,000,000 |
| Redemption and repurchase of preferred stock | -2,055,000,000 |
| Dividends paid | -1,275,000,000 |
| Net cash from financing activities | -5,677,000,000 |
| Key metrics | |
| Net new client assets | 258,600,000,000 |
| Core net new client assets | 259,800,000,000 |
| Total client assets | 13,084,900,000,000 |
| Average client assets | 12,386,900,000,000 |
| New brokerage accounts | 2,687,000 |
| Active brokerage accounts | 39,802,000 |
| Assets receiving ongoing advisory services | 6,671,700,000,000 |
| Client cash as percent of client assets | 9 |
| Pre tax profit margin percent | 50.6 |
| Return on average common stockholders equity percent | 23 |
| Consolidated tier 1 leverage ratio percent | 8.7 |
| Adjusted tier 1 leverage ratio percent | 6.8 |
| Average interest earning assets | 441,349,000,000 |
| Net interest margin percent | 2.94 |
| Common equity tier 1 capital ratio percent | 24.4 |
SCHW trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | twelve months |
| Source accession | 0000316709-26-000031; 0000316709-26-000009 |
| Income statement | |
| Interest revenue | 16,068,000,000 |
| Interest expense | -3,345,000,000 |
| Net interest revenue | 12,723,000,000 |
| Asset management and administration fees | 6,990,000,000 |
| Trading revenue | 4,365,000,000 |
| Bank deposit account fees | 1,113,000,000 |
| Other revenue | 834,000,000 |
| Total net revenues | 26,025,000,000 |
| Compensation and benefits | 6,885,000,000 |
| Professional services | 1,247,000,000 |
| Occupancy and equipment | 1,159,000,000 |
| Advertising and market development | 428,000,000 |
| Communications | 652,000,000 |
| Depreciation and amortization | 817,000,000 |
| Amortization of acquired intangible assets | 528,000,000 |
| Regulatory fees and assessments | 259,000,000 |
| Other expenses | 992,000,000 |
| Total expenses excluding interest | 12,967,000,000 |
| Income before taxes on income | 13,058,000,000 |
| Taxes on income | 2,962,000,000 |
| Net income | 10,096,000,000 |
| Preferred stock dividends and other | 374,000,000 |
| Net income available to common stockholders | 9,722,000,000 |
| Basic weighted average shares | 1,765,000,000 |
| Diluted shares | 1,769,000,000 |
| Basic EPS | 5.52 |
| Diluted EPS | 5.49 |
| Dividends declared per common share | 1.18 |
| Cash flow | |
| Net cash from operating activities | 11,417,000,000 |
| Capital expenditures | -628,000,000 |
| Net cash from investing activities | -1,432,000,000 |
| Repurchases of common and nonvoting common stock | -8,890,000,000 |
| Redemption and repurchase of preferred stock | -2,055,000,000 |
| Dividends paid | -2,401,000,000 |
| Net cash from financing activities | 3,648,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | none - the company reports in U.S. dollars |
Notes
- Schwab is a savings and loan holding company that owns both a large retail broker-dealer and Charles Schwab Bank. A revenue/cost-of-goods/capital-expenditure frame does not describe it, so this record uses a brokerage-bank template: revenue is broken into net interest revenue, asset management and administration fees, trading revenue, bank deposit account fees and other; the balance sheet is presented as an interest-earning balance sheet (segregated cash, investment securities, margin receivables, bank loans against bank deposits, client payables and wholesale funding); and the key metrics block carries the client-franchise and capital measures management itself reports.
- Sources: the annual figures are taken from the consolidated statements of income, balance sheets and cash flows in the FY2025 Form 10-K (accession 0000316709-26-000009, filed February 25, 2026), which presents three years of income and cash flow and two years of balance sheet. The 2026 figures are taken from the Form 10-Q for the quarter ended June 30, 2026 (accession 0000316709-26-000031, filed August 7, 2026). Weighted-average share counts and basic earnings per share for the first quarters of 2026 and 2025 come from the consolidated statement of income in the first-quarter 2026 earnings release furnished on Form 8-K (accession 0000316709-26-000016, April 16, 2026), which prints both first-quarter columns side by side.
- All dollar amounts are stored in actual dollars. The statements themselves are printed in millions, the client-asset metrics in billions and the brokerage account counts in thousands; each figure has been rescaled to actual units from the scale note printed above the table it came from.
- The 10-K balance sheet shows only December 31, 2025 and December 31, 2024, so FY2023 carries an income statement and a cash flow statement but no balance sheet. The 10-Q balance sheet shows only June 30, 2026 and December 31, 2025, so the June 30, 2025 quarter carries an income statement but no balance sheet.
- The 10-Q prints its cash flow statement on a six-month basis only, so operating, investing and financing cash flow appear in the year-to-date and trailing-twelve-month blocks but not against the individual 2026 quarters.
- The first quarters of 2026 and 2025 are not printed as columns in this 10-Q. Their dollar amounts are derived by subtracting the reported second quarter from the reported six-month column of the same year, which is exact for every line: the derived components add back to the derived totals in both years. Each derived line has been checked against the first-quarter column the first-quarter 2026 earnings release prints, and all twenty-two agree exactly for both 2026 and 2025. Weighted-average share counts are not additive across periods, so the share counts and basic earnings per share for these two quarters are read from that release rather than derived.
- Per-share amounts for the derived first quarters are carried at the figures the first-quarter 2026 earnings release prints: basic and diluted earnings per share of $1.37 for the first quarter of 2026 and $.99 for the first quarter of 2025. Subtracting the reported second quarter from the reported six-month amount ($2.91 less $1.54 for 2026, $2.07 less $1.08 for 2025) happens to give the same cent in both years, but that agreement is not guaranteed when rounded per-share amounts are differenced, which is why the printed figures are used.
- The trailing-twelve-month block is the FY2025 year plus the first six months of 2026 less the first six months of 2025. Its weighted-average share counts are not a simple sum: the second half of 2025 average was recovered from the full-year and first-half averages, then averaged with the first half of 2026, giving 1,765 million basic and 1,769 million diluted shares. The per-share amounts shown are the reported per-share amounts combined the same way as the dollar amounts ($4.65 for 2025 plus $2.91 for the first half of 2026 less $2.07 for the first half of 2025, giving $5.49 diluted; $4.67 plus $2.92 less $2.07 gives $5.52 basic). Dividing instead does not reproduce them to the cent: trailing-twelve-month net income available to common stockholders of $9,722 million over 1,769 million diluted shares works out to about $5.50, and over 1,765 million basic shares to about $5.51. Combining the reported per-share amounts is the sounder of the two, since the share counts here are themselves approximate, but a reader who recomputes should expect the penny.
- Earnings per share is computed on net income available to common stockholders, which is net income less preferred stock dividends and related amounts. That is why net income divided by the diluted share count is higher than reported diluted earnings per share in every period.
- Book value per common share is not printed in the filings. It is derived here as total stockholders' equity less preferred stock, divided by common shares outstanding, where shares outstanding is the issued share count less treasury shares as both are stated on the face of the balance sheet: 1,728,119,192 at June 30, 2026, 1,758,325,075 at December 31, 2025 and 1,831,211,681 at December 31, 2024. The resulting common equity ties exactly to the 'Common Equity Tier 1 Capital before regulatory adjustments' line in each filing's regulatory capital table.
- Net interest margin and average interest-earning assets come from the net interest revenue tables in management's discussion and analysis. The company notes that beginning in the fourth quarter of 2025 margin loans and short credits tied to certain client long/short strategies are excluded from interest-earning assets and funding sources. The 10-K states that the amounts and average yields for 2025 have been reclassified and recalculated to reflect this change and that prior-year amounts were not impacted, so full-year 2025 and the 2025 interim periods are all on the new basis while full-year 2024 and 2023 remain on the old one; average interest-earning assets and net interest margin are therefore not perfectly comparable across the 2024/2025 boundary.
- Capital ratios are the consolidated (parent company) ratios, not the bank subsidiary's. The Tier 1 Leverage Ratio and Common Equity Tier 1 capital ratio are the regulatory GAAP measures; the adjusted Tier 1 Leverage Ratio is the company's own supplemental measure that includes accumulated other comprehensive income, which management runs against a long-term operating objective of 6.75% to 7.00%.
- Dividends declared per common share are read from the consolidated statements of stockholders' equity, which state the per-share rate on the dividend line: $1.00 in 2023, $1.00 in 2024, $1.08 in 2025, $.27 in each of the first two quarters of 2025 and $.32 in each of the first two quarters of 2026.
- 'Capital expenditures' is the cash flow line 'Purchases of equipment, office facilities, and property'. For a firm of this kind it is a small item and free cash flow is not a meaningful measure, so none is reported.
- Signs follow what the statements print. On the cash flow statement, outflows such as capital expenditures, dividends paid and share repurchases are negative. On the income statement, interest expense is negative because the statement prints it in parentheses and deducts it to reach net interest revenue, while the expenses-excluding-interest lines (compensation and benefits, professional services and the rest) are positive; total net revenues less total expenses excluding interest gives income before taxes on income.
- The company reports in U.S. dollars, is not an American depositary receipt issuer, and has not split its stock in the period covered, so no currency, depositary-ratio or split adjustment was applied.
- There were no restatements to honor: this is the first record built for this company, and the overlapping 2025 columns in the two filings agree with each other.
Uncertainties
- Basic earnings per share and the weighted-average share counts for the first quarters of 2026 and 2025 are the only figures in this record that come from an earnings release rather than from the Form 10-K and Form 10-Q it is otherwise built on. The release is unaudited and, being furnished rather than filed, is a slightly weaker source; its first-quarter dollar amounts agree line for line with what the 10-Q's six-month columns imply, which is why it is trusted here.
- Weighted-average share counts for the trailing-twelve-month block are an approximation. The second-half-2025 average was recovered arithmetically rather than read from a filing, and the four quarters are weighted equally rather than by day count.
- The 10-Q gives client-franchise and capital metrics for the second quarter and the six-month period only, so the derived first quarters of 2026 and 2025 carry an income statement but no client metrics, capital ratios or net interest margin.
- The Common Equity Tier 1 capital ratio is not disclosed for June 30, 2025 or for full-year 2023 in the two filings used, so it is absent from those periods.
- Net new client assets, client assets and the other client metrics are management-defined measures rather than audited financial statement line items; their definitions are set out in the glossary of the FY2025 10-K.
- The 2026 second-quarter figures are unaudited, as the 10-Q states.
Company details
| Value | |
|---|---|
| Name | Schwab Charles Corp |
| Ticker | SCHW |
| CIK | 0000316709 |
| Exchange | NYSE |
| State | Texas |
| Incorporation | Delaware |
| SIC | 6211 |
| Office | Finance |
| Industry | Security Brokers, Dealers & Flotation Companies |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0000316709-26-000031 |
| Fiscal year end | 1231 |
| Source | facts |
FAQ · Charles Schwab financial statements
How much revenue did Charles Schwab report in Q2 FY2026?
Charles Schwab reported $7.07 billion in total net revenues for Q2 FY2026, the quarter ended June 30, 2026, up 20.9% from $5.85 billion in the same quarter a year earlier. Total net revenues is Schwab's top line after interest expense, combining net interest revenue, asset management and administration fees, trading revenue, bank deposit account fees and other revenue, and the biggest contributors to the increase were net interest revenue, trading revenue and asset management and administration fees.
How much did Charles Schwab earn in Q2 FY2026?
Charles Schwab reported net income of $2.80 billion for Q2 FY2026, the quarter ended June 30, 2026, up 31.7% from $2.13 billion a year earlier. Profit grew faster than revenue because expenses excluding interest rose far more slowly than the top line, lifting the pre-tax profit margin to 51.9% from 47.9% a year earlier.
What was Charles Schwab's earnings per share in Q2 FY2026?
Charles Schwab reported diluted earnings per share of $1.54 for Q2 FY2026, the quarter ended June 30, 2026, up 42.6% from $1.08 a year earlier. The per-share gain ran ahead of the change in net income itself, which was up 31.7%, mainly because buybacks reduced the share count, with lower preferred dividends explaining most of the remainder.
How much does Charles Schwab have in client assets?
Charles Schwab held $13.08 trillion in total client assets at June 30, 2026, the end of Q2 FY2026, up 21.6% from $10.76 trillion a year earlier.
Where can I get The Charles Schwab Corporation (SCHW) financial data in machine-readable form?
Ticker Scout publishes The Charles Schwab Corporation's financial statements as JSON at https://tickerscout.ai/schw/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/schw/narrative.md and https://tickerscout.ai/schw/events.md. The Charles Schwab Corporation's SEC CIK is 0000316709. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does The Charles Schwab Corporation (SCHW) next file with the SEC?
The Charles Schwab Corporation (SCHW) is expected to file its next Form 10-Q with the SEC on or around November 6, 2026. That date is a projection rather than a company-announced date: it is derived from The Charles Schwab Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000316709-26-000031.
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How this page was built
This page was built from three of The Charles Schwab Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from The Charles Schwab Corporation's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.