Charles Schwab reported record quarterly revenue and earnings, with non-GAAP EPS of $1.62 beating estimates by $0.07 and revenue of $7.07 billion beating by $170 million. Total client assets increased 22% year-over-year to $13.08 trillion, while core net new assets totaled $119.8 billion, up 49% versus the second quarter of 2025. Record June core net new assets grew 47% year-over-year to $62.7 billion, and new brokerage account openings equaled 1.4 million, bringing total client accounts to 48.0 million. Daily average trading volume reached a record 11.9 million, up 57% versus the second quarter of 2025.
Charles Schwab CorpRecord quarterly revenue and earnings beat estimates, with strong asset growth and trading volume.