Charles Schwab Q1 FY26 net income climbs 30% to $2.48 billion; revenue rises 16% to $6.48 billion

Charles Schwab Corp

Charles Schwab Corp

SCHW

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  • The Charles Schwab Corporation posted net income of USD 2.48 billion, up 30% year over year, with diluted EPS rising 38% to USD 1.37.
  • Total net revenues climbed 16% to USD 6.48 billion, led by net interest revenue up 16% to USD 3.14 billion.
  • Pre-tax profit margin widened 5.4 percentage points to 49.2%, while total expenses excluding interest increased 5% to USD 3.29 billion.
  • Client assets totaled USD 11.77 trillion at quarter-end, up 19% year over year, with core net new client assets edging up 2% to USD 140 billion.
  • Schwab completed its USD 636 million acquisition of Forge Global Holdings on March 2, 2026, then announced a phased rollout of spot crypto trading for retail clients with CSPB as custodian and Paxos providing sub-custody and trade execution.


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