Charles Schwab reports record Q2 revenue as client assets hit $13.08T
Article excerpt
Highlighted: the sentence this signal was extracted from
Charles Schwab Corporation achieved record revenue of $7.1 billion and net income of $2.8 billion in Q2 2026, driven by a 22% increase in total client assets to $13.08 trillion. The firm saw strong net new asset inflows of $119.8 billion and record trading activity, alongside the launch of new crypto and AI-powered investment tools. *this image is generated using AI for illustrative purposes only. The Charles Schwab Corporation reported record quarterly revenue and earnings for the second quarter of 2026, driven by strong client engagement, robust asset gathering, and diversified revenue growth across all major business lines. Total client assets increased 22% year-over-year to $13.08 trillion, reflecting sustained investor confidence and market participation. Schwab posted record net revenues of $7.1 billion in the second quarter of 2026, representing a 21% increase year-over-year from $5.9 billion in the second quarter of 2025. GAAP net income for the quarter totaled $2.8 billion, or $1.54 per diluted share - a record - up 43% versus the second quarter of 2025. Excluding $170 million of pre-tax transaction-related costs, adjusted net income and earnings per share equaled $2.9 billion and $1.62, respectively, up 42% year-over-year. The following table summarizes key financial highlights for the three and six months ended June 30: Revenue growth was broad-based across all...
Keep reading with a free account
The rest of this article, and every signal for Charles Schwab, is in your free account.
