The Charles Schwab Corporation · SCHW-PD · FY2026 Q1 · Calendar Q2 2026
Schwab posts record Q1 as AI and digital assets expand the roadmap
Schwab's record quarter and strong client and asset growth support a constructive operating picture. The next test is whether AI, crypto, private-market access, and ETF initiatives can add durable fee-based growth without increasing execution, regulatory, or fee-pressure risks.
Earnings scorecard
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Transcript intelligence
What changed
Schwab highlighted the completed Forge acquisition, planned spot crypto trading, and a rollout of AI assistants, including an investor assistant in June and generative search later in 2026. These additions broaden the product roadmap beyond the quarter's strong brokerage, wealth, and banking performance.
Guidance delta
Guidance sentiment was maintained; no quantified guidance change was supplied.
Key takeaways
- Revenue rose 16% year over year to a record $6.5 billion and EPS increased 38% to $1.43.
- The firm added 1.3 million brokerage accounts and $158 billion in net new assets, taking total assets to $11.8 trillion.
- Management highlighted AI assistants, spot crypto trading, and the Forge acquisition as product and growth initiatives.
- Capital returns included a dividend increase and $2.4 billion of share repurchases.
Management priorities
- Launch the investor AI assistant and expand AI-enabled planning and search capabilities.
- Scale Schwab Crypto spot trading and private-market access through Forge.
- Develop ETF monetization and active-versus-passive fee models.
- Continue expanding managed investing, wealth advisory, branches, and bank lending.
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Try FN2 freeCompany context
Snapshot as of publicationThe Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services.…
Historical context
All SCHW-PD earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FHN-PF First Horizon Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | First Horizon shifts low-yield mortgages to support growth and margins |
| USB-PH U.S. Bancorp | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp Q3: BTIG and fee growth lift outlook |
| USB-PP U.S. Bancorp | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp raises outlook as BTIG and fee growth support Q3 |
| SCHW-PJ The Charles Schwab Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Schwab reports record Q3 as AI and lending broaden growth |
| SCHW The Charles Schwab Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -3.8% | Schwab Q3: Record Results, AI Expansion, and NIM Focus |
| MRSH Marsh & McLennan Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +6.5% | MRSH Q3: Growth Holds as AI and Thrive Expand |
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-15. For educational purposes only; not investment advice.