The Charles Schwab Corporation (SCHW) Earnings Call Transcripts

The Charles Schwab Corporation's Latest Earnings Call - October 15, 2026

In the third quarter of fiscal year 2026, The Charles Schwab Corporation reported record financial results with total net revenues of $7.2 billion, reflecting a 17% year-over-year increase, and adjusted earnings per share of $1.69, up 29% from the previous year. The company attracted $190 billion in core net new assets, marking a 38% increase year-over-year, driven by strong client engagement and a diversified financial model. Management maintained a positive outlook for the fourth quarter, expecting continued revenue growth and net interest margin (NIM) expansion, although they indicated that guidance for full-year revenue growth would be at the lower end of previous expectations.

Reported metrics

Guidance from management

Management expects continued revenue growth and NIM expansion in the fourth quarter, with full-year revenue growth anticipated at the lower end of previous guidance ranges.

What management said

Hi. Good morning, everyone, and welcome to Schwab's 2026 Fall Business Update. This is Kartik Sharma, Head of Investor Relations. And I am joined in Westlake today by our President and CEO, Rick Wurster; and our CFO, Mike Verdeschi. A few housekeeping items before we get started. The slides for today's business update will be posted to the usual spot on the IR website at the conclusion of the call. [Operator Instru...

What analysts pressed on

Analysts expressed concerns about the sustainability of cash balances amid rising interest rates and the impact of AI on client cash levels. They sought clarity on how Schwab plans to manage deposit trends and the potential effects of future rate hikes on client behavior.

Main topics on the call

• Record Financial Performance — Schwab achieved total net revenues of $7.2 billion and adjusted earnings per share of $1.69, both records for the company. Management stated, "We delivered an adjusted pretax profit margin of 54.8% for the third quarter,...
• Strong Client Engagement — The company opened 1.2 million brokerage accounts and recorded managed investing net flows of $24 billion, up 22% year-over-year. Management noted, "Clients opened 1.2 million brokerage accounts in the third quarter," hi...
• AI Integration and Opportunities — Management emphasized the role of AI in enhancing client engagement and operational efficiency, stating, "AI has been an enormous accelerant for the company." They expect AI to continue driving revenue gains and improvin...
• NIM Expansion Outlook — Management expects NIM to expand by 25 to 30 basis points year-over-year in the fourth quarter, supported by higher rates and strong lending activity. They stated, "We feel good about that NIM expansion."

Read the full The Charles Schwab Corporation transcript (October 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 36 The Charles Schwab Corporation earnings call transcripts on record, spanning February 4, 2020 to October 15, 2026. Based on this history, The Charles Schwab Corporation reports quarterly. The most recent call on file is dated October 15, 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

36

First call

February 4, 2020

Most recent

October 15, 2026

Reporting cadence

quarterly