The Charles Schwab Corporation (SCHW) Earnings Call Transcripts

The Charles Schwab Corporation's Latest Earnings Call - July 21, 2026

In the second quarter of 2026, The Charles Schwab Corporation reported record financial results, with total revenue of $7.1 billion and adjusted earnings per share of $1.62, reflecting a 42% year-over-year increase. The company experienced significant growth in net new assets (NNA), totaling $120 billion, up nearly 50% from the previous year, and opened 1.4 million new brokerage accounts. Management maintained a positive outlook for the remainder of the fiscal year, projecting total revenue growth of 17.5% to 18.5% for 2026, driven by strong client engagement and diversified revenue streams.

Reported metrics

Guidance from management

Management expects total revenue growth of 17.5% to 18.5% for 2026, with net interest margin expanding to 3% to 3.10%. They remain confident in achieving organic growth driven by strong client engagement and market conditions.

What management said

Let me start with SpaceX and then Mike can cover sec lending and some of the other benefits there was tremendous interest in SpaceX from our client base and participating in the IPO. And we obviously made as many shares available to them as we could get. It drove high levels of volume into our service centers, high levels of engagement with financial consultants with RIAs and the like. It did not meaningfully impact ...

In terms of the sec lending activity, we're not expecting much there from SpaceX and -- so that's been somewhat of a subdued set of activities in that space this year, so not expecting much to come from that.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of trading activity levels and the subdued performance in SEC lending revenues. There are questions about how macroeconomic factors might impact future growth and client engagement metrics.

Main topics on the call

• Record Financial Performance — Schwab achieved total revenue of $7.1 billion, a 21% year-over-year increase, and adjusted EPS of $1.62, up 42% from the prior year. Management highlighted, "Our record results speak for themselves," indicating strong op...
• Strong Client Engagement — The firm attracted 1.4 million new brokerage accounts and $120 billion in core net new assets, marking a nearly 50% increase year-over-year. This growth underscores Schwab's ability to deepen client relationships and exp...
• Increased Trading Activity — Daily average trades reached 12 million, supported by heightened client interest in trading and options. Management noted, "We believe that the trading engagement you've seen is sustainable," indicating confidence in ong...
• Diversification of Revenue Streams — Schwab is actively diversifying its revenue, with significant contributions from lending and wealth management. The company reported a 19% increase in net interest revenue, attributed to strong client utilization of lend...

Read the full The Charles Schwab Corporation transcript (July 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 The Charles Schwab Corporation earnings call transcripts on record, spanning February 4, 2020 to July 21, 2026. Based on this history, The Charles Schwab Corporation reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SCHW

Exchange

NYSE

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

35

First call

February 4, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly