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Thursday, October 15, 2026

Charles Schwab Non-GAAP EPS of $1.69 beats by $0.03, revenue of $7.17B misses by $10M

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  • Charles Schwab press release (SCHW): Q3 Non-GAAP EPS of $1.69 beats by $0.03.
  • Revenue of $7.17B (+16.8% Y/Y) misses by $10M.
  • Total client assets increased 15% year-over-year to $13.33 trillion
  • Core net new assets totaled $190.4 billion, up 38% versus 3Q25
  • New brokerage account openings equaled 1.2 million, helping bring total client accounts to 48.6 million
  • Managed Investing Solutions net flows grew 22% versus 3Q25
  • Bank loan balances equaled $72.3 billion at September month-end, up 35% year-over-year
  • Margin loan balances increased 14% quarter-over-quarter to $187.9 billion at quarter-end, including $60.7 billion related to long/short strategies (2)
  • Daily average trading volume equaled 10.7 million – up 44% versus 3Q25.
  • Asset management and administration fees grew by 14% year-over-year to $1.9 billion.
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