Charles Schwab revenue rises 17% YoY to $7.171 billion in Q3
Share
- The Charles Schwab Corporation (NYSE:SCHW) generated third-quarter 2026 adjusted EPS of $1.69, beating consensus expectations.
- Total quarterly revenue expanded 17% year-over-year to $7.171 billion as net income reached $2.811 billion.
- Total client assets expanded 15% year-over-year to hit a record high of $13.33 trillion.
The Charles Schwab Corporation (NYSE:SCHW) reported third-quarter 2026 adjusted earnings per share of $1.69 to top analyst projections.
Total quarterly revenue grew 17% year-over-year to $7.171 billion, falling slightly short of consensus analyst estimates.
GAAP net income reached $2.811 billion while adjusted net income totaled $2.926 billion for the three-month period.
Core net new assets reached a record $190.4 billion, reflecting a 38% increase compared with the prior-year period.
Total client assets expanded 15% year-over-year to reach a record $13.33 trillion at the end of September.
The brokerage firm added 1.2 million new accounts during the quarter to expand its client base to 48.6 million.
