The Charles Schwab Corporation reported significant financial growth in its quarterly earnings for the period ending June 30, 2026, with total net revenues reaching $7.1 billion, a 21% increase from $5.9 billion in the same quarter of 2025. For the first half of 2026, total net revenues amounted to $13.6 billion, up 18% from $11.5 billion year-over-year. The company’s net income also saw a substantial rise, reaching $2.8 billion in the second quarter, a 32% increase compared to $2.1 billion in the prior year, while net income for the first half of 2026 was $5.3 billion, up 31% from $4.0 billion.
The company experienced notable changes in client engagement metrics, with net new client assets totaling $118.7 billion in the second quarter, a 61% increase from $73.6 billion in the same quarter of 2025. Active brokerage accounts grew to 39.8 million, reflecting a 6% increase year-over-year. Daily average trades (DATs) surged to 11.9 million in the second quarter, a 57% increase from the previous year, indicating heightened trading activity among clients. The total client assets under management reached $13.08 trillion, a 22% increase from $10.76 trillion at the end of the second quarter of 2025.
Strategically, Schwab completed the acquisition of Forge Global Holdings, Inc. on March 2, 2026, for $636 million, which is expected to enhance its capabilities in private market investments. Additionally, Schwab launched its spot crypto trading service, Schwab CryptoTM, in May 2026, allowing clients to trade bitcoin and ether, further diversifying its product offerings. The company also increased its common stock dividend by 19% to $0.32 per share during the first quarter of 2026, reflecting its commitment to returning capital to shareholders.
Operationally, Schwab's total expenses excluding interest rose to $3.4 billion in the second quarter, a 12% increase from $3.0 billion in the same quarter of 2025, driven by higher compensation and benefits expenses, including costs associated with the Forge acquisition. The company’s return on average common stockholders’ equity improved to 25% for the second quarter, up from 19% in the prior year, indicating enhanced profitability relative to equity. Looking ahead, Schwab anticipates continued growth in client assets and engagement, supported by its strategic initiatives and favorable market conditions, while managing expenses to maintain profitability.
About SCHWAB CHARLES CORP
The Charles Schwab Corporation is a leading financial services firm providing wealth management, securities brokerage, banking, asset management, custody, and advisory services. Serving individual and institutional clients, it offers a broad range of investment products, digital platforms, and personalized solutions. Its core value lies in trusted, low-cost, client-centric services, leveraging scale, efficiency, and innovation to deliver accessible investing and financial planning across diverse markets.
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