The Charles Schwab Corporation · SCHW-PD · FY2026 Q2 · Calendar Q3 2026
Charles Schwab reports record Q2 and raises full-year revenue outlook
The Q2 analysis supports a constructive operating trajectory: record results, client inflows, lending growth, and product expansion were accompanied by higher full-year revenue guidance. The durability of trading activity, net interest margin, and monetization of newer initiatives remains to be demonstrated.
Earnings scorecard
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Transcript intelligence
What changed
Compared with the prior quarter, Schwab reported another record quarter, added 1.4 million brokerage accounts and $120 billion of core net new assets, and raised full-year revenue growth guidance to 17.5%-18.5%. The company also highlighted a crypto-transfers pilot, broader Forge integration, and expanded AI and lending initiatives.
Guidance delta
Management raised full-year revenue growth guidance to 17.5%-18.5% and maintained strong margin expectations.
Key takeaways
- Q2 revenue was $7.1 billion and adjusted EPS was $1.62, with adjusted EPS up 42%.
- Core net new assets were $120 billion and new brokerage accounts totaled 1.4 million.
- Growth initiatives include AI tools, Schwab Crypto, Forge private-market access, and Pledged Asset Line lending.
Management priorities
- Deepen client consolidation across wealth, banking, and investing.
- Scale AI tools across client journeys and operational workflows.
- Expand crypto, private-market access, lending, and wealth advisory offerings.
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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 · 2026-07-21T19:02:55.070518+00:00
- FN2 earnings calendar · 2026-08-26T01:23:15.088209+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.