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SCHW · Q2 2026

Archived report (Q2 2026). Latest deep dive →

US GAAP · $M · vs Q2 2025 · reported 07/21/2026

SCHW — Charles Schwab is a US-based financial services company offering banking, investing, and wealth management solutions.

More about the company

It serves individual and institutional clients nationwide with a focus on low-cost brokerage and retirement accounts.

All figures in $M.

Revenue

$7,072

+21%

Net income

$2,800

+32%

GAAP EPS $1.54, adj. $1.62

Sankey diagram of SCHW earnings report for Q2 2026: revenue, costs and profitNet Interest Revenue$3,357 · +19%Asset Mgmt & Admin Fees$1,825 · +16%Trading Revenue$1,215 · +28%Bank Deposit Account Fees$333 · +35%Other Revenue$342 · +32%Total NetRevenues$7,072 · +21%Total ExpensesEx-Interest$3,403 · +12%incl. $142 amort.* &$28 acq. costsIncome BeforeTaxes$3,669 · +31%51.9% pre-tax marginTaxes on Income$869 · +28%Net Income$2,800 · +32%GAAP EPS $1.54, adj. $1.62

Verdict: an exceptionally strong quarter with record revenue and net income driven by broad-based growth in net interest revenue, trading, and asset management fees, with expense growth of 12% (mostly compensation) only a modest drag against 21% top-line growth.

Repurchased 11.2M shares for $1.0B; dividends declared $0.32/share (+19% y/y); guidance not issued in release.

Source and notation

* marks non-cash / ≈ estimated. Source: Charles Schwab press release / 10-Q (SEC EDGAR).

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How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report; the short company description was also written by our model. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error

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Company reports

Q3 2026latest breakdownA record quarter on nearly every line — net revenues rose 17% to $7,171M as net interest revenue grew 14% to $3,476M…
Q2 2026An exceptionally strong quarter with record revenue and net income driven by broad-based growth in net interest revenue…

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