SCHWAB CHARLES CORP 8K

The Charles Schwab Corporation reported record Q2 2026 revenue and earnings driven by strong client growth, trading activity, and new product launches, while actively managing capital through preferred stock refinancings and share repurchases.

On July 21, 2026, The Charles Schwab Corporation announced its second quarter 2026 results, reporting record net revenues of $7.1 billion (up 21% year-over-year) and GAAP net income of $2.8 billion, or $1.54 per diluted share, with adjusted EPS of $1.62 after excluding $170 million of transaction-related costs, alongside strong client growth including $120 billion in core net new assets, record June core net new assets of $62.7 billion, record daily average trades of 11.9 million, and the launch of new offerings such as Schwab Crypto for direct Bitcoin and Ethereum trading and a generative AI-powered Portfolio Insights tool, while also highlighting increased margin and bank loan balances, robust capital ratios, preferred stock refinancing, and $1.0 billion of common share repurchases during the quarter.

Filing Facts

CIK

316709

Ticker

SCHW

Form

8K

Source Type

sec

Accession

0000316709-26-000027

Alert Tier

6