The Charles Schwab Corporation reported record Q2 2026 financial results that exceeded analyst expectations. The firm posted adjusted earnings of $1.62 per share. Record revenue reached $7.1 billion. These figures surpassed consensus estimates of $1.55 for EPS and $6.9 billion for revenue.
Revenue grew 21% year-over-year. The company added 1.4 million new brokerage accounts during the quarter. Core net new assets reached a monthly record of $62.7 billion in June. Total net new assets for the full quarter reached $120 billion.
Schwab stock declined in premarket trading despite the record performance. Total expenses exceeded analyst projections. Higher spending tempered investor enthusiasm for the company's growth metrics.