$SCHW · SCHWAB CHARLES CORP
Schwab's 10-Q for the quarter ended September 30, 2026 reports total net revenues of $7.171B, up 16.9% year over year, with net income of $2.906B and diluted EPS of $1.62 (adjusted $1.69). Client assets reached $13.33 trillion at quarter end, up 15% YoY, with net new client assets of $192.4B in the quarter. Pre-tax profit margin expanded to 52.7% from 49.2%.
- Total net revenues $7.171B, up 16.9% YoY; nine-month revenues $20.725B, up 18%.
- Net income $2.906B, up 23% YoY; diluted EPS $1.62 vs $1.26, up 29%.
- Client assets $13.33T at quarter end, up 15% YoY; net new client assets $192.4B, up 43%.
- Pre-tax profit margin 52.7% vs 49.2%; return on average common equity 25% annualized.
- Adjusted diluted EPS $1.69 vs $1.31; adjusted Tier 1 Leverage Ratio 7.0% vs 7.3%.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Schwab delivered double-digit revenue and EPS growth with record client assets, signaling continued momentum in wealth management and brokerage.
Schwab's 15% client asset growth and 43% net new asset growth underscore continued share gains in retail brokerage and RIA custody amid a positive macro environment.
Client cash as a percentage of client assets declined to 8.9% from 9.4%, pressuring net interest revenue; interest-rate and deposit-pricing sensitivity remain key earnings risks.