$SCHW · SCHWAB CHARLES CORP
Schwab filed an 8-K with its Q3 2026 earnings press release. The company reported record quarterly core net new assets of $190.4 billion (up 38% YoY), record net revenues of $7.2 billion (up 17% YoY), and record GAAP diluted EPS of $1.62 (up 29% YoY). Adjusted EPS was $1.69, excluding $151 million in pre-tax transaction-related costs.
- Core net new assets hit a record $190.4 billion, up 38% YoY, representing 5.8% annualized growth.
- Total client assets reached $13.33 trillion, up 15% year-over-year.
- Net revenues grew 17% YoY to a record $7.2 billion; GAAP EPS of $1.62 rose 29% YoY.
- Net interest margin expanded quarter-over-quarter to 3.04%.
- 1.2 million new brokerage accounts opened; total client accounts now 48.6 million.
Extended-hours trading shows SCHW at $94.46, up 0.32% from the regular-session close of $94.16, suggesting a modestly positive initial reception to the record results. The $162.83B market cap reflects a mature franchise where record earnings and asset-gathering momentum reinforce the bull case.
Schwab's record asset gathering and 29% EPS growth confirm the franchise is firing on all cylinders, with NIM expansion and trading volumes adding torque.
Schwab's 5.8% annualized organic asset growth and NIM expansion to 3.04% stand out in the brokerage sector, where net interest income remains a key differentiator. The 44% jump in daily average trades to 10.7 million signals elevated retail engagement industry-wide.
Client transactional sweep cash balances face headwinds from "client asset allocation decisions," partially offsetting organic growth. The forward-looking statements caveat references risks detailed in the most recent 10-K and 10-Q.
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