Charles Schwab reported first quarter 2026 revenue of $6.48 billion, up 16% year-over-year, and GAAP EPS of $1.37, an increase of 38% from the prior year. Both figures slightly exceeded analyst expectations. The company saw strong client activity, attracting $140 billion in core net new assets during the quarter.
Key Highlights
- The company gathered $140 billion in core net new assets, an annualized growth rate of 5.4% when excluding a planned $17.5 billion client deconversion.
- Client engagement drove daily average trading volume to a record 9.9 million, up 34% year-over-year.
- Net interest revenue was $3.14 billion with a net interest margin of 2.88%, slightly missing analyst estimates of $3.19 billion.
- The firm returned capital to shareholders by repurchasing $2.4 billion of common stock and increasing its dividend by 19%.