What were Charles Schwab's (NYSE:SCHW) net income and earnings per share (EPS) for Q1 2026?

Charles Schwab reported net income of $2.5 billion, or $1.37 per diluted share, for Q1 2026. Excluding $143 million in pre-tax transaction-related costs, adjusted net income reached $2.6 billion, or $1.43 per share.

How did Charles Schwab's net revenues perform in Q1 2026?

Schwab’s net revenues hit an all-time high of $6.5 billion for Q1 2026, reflecting a 16% increase compared to Q1 2025. This surge was driven by strong client engagement and organic growth across core business segments.

What was the main driver behind Schwab's top-line growth in Q1 2026?

The top-line growth was primarily fueled by a 20% increase in trading revenue, driven by record market volatility and high client activity, resulting in elevated trading volumes.

What was Schwab's net interest margin (NIM) for Q1 2026?

Schwab’s net interest margin (NIM) for Q1 2026 stood at 2.88%, supported by average interest-earning assets of $437.7 billion.

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Charles Schwab profit rises to $2.5B on record revenue and trading surge

Written by Isaac FrancisPublished Apr 16, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:30 AM

Charles Schwab (NYSE:SCHW) today reported record financial results for the first quarter of 2026, driven by unprecedented client engagement and robust organic growth across its core business segments.

The Westlake, Texas-based financial services leader posted net income of $2.5 billion, or $1.37 per diluted share.

Excluding $143 million in pre-tax transaction-related costs, adjusted net income reached $2.6 billion, or $1.43 per share.

Quarterly net revenues hit an all-time high of $6.5 billion, a 16% increase over the first quarter of 2025.

This top-line surge was fueled by a 20% rise in trading revenue, as record market volatility and client activity drove high volumes.

Additionally, asset management and administration fees climbed 15% year-over-year to $1.8 billion, reflecting the continued migration of client assets into Schwab's premium wealth management and advisory solutions.

The firm’s net interest margin (NIM) for the quarter stood at 2.88%, supported by average interest-earning assets of $437.7 billion.

Notably, client transactional sweep cash balances ended March at $461.5 billion, an increase of $7.8 billion from the previous quarter.

On the expense side, Schwab demonstrated disciplined scale.

GAAP expenses rose 5% year-over-year, while adjusted total expenses—excluding acquisition and integration costs—also saw a modest 5% uptick.

This controlled spending, paired with rapid revenue growth, resulted in significant operating leverage for the quarter.