Schwab Posts Record Q2 Revenue of $7.1B, EPS Beats at $1.62 Adjusted
SCHW sits 28% above its 52-week low of $83.96.
Summary
Schwab's Q2 2026 results crushed expectations with record revenue, surging client activity, and aggressive capital returns, while the company raised its expense outlook to support continued growth.
Key Events · Earnings and Guidance · SCHW
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Record Q2 Revenue and Earnings Beat
Total net revenues reached $7.1 billion, up 21% YoY, driving net income of $2.8 billion (up 32%). Adjusted diluted EPS of $1.62 beat the $1.56 consensus.
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Client Engagement Surges
Daily average trades hit 11.9 million (up 57% YoY), core net new assets grew 49% to $119.8 billion, and total client assets reached $13.08 trillion (up 22% YoY).
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Capital Returns Accelerate
Schwab repurchased $1.0 billion of common stock in Q2 ($3.4 billion in H1) and raised its quarterly dividend 19% to $0.32 per share. It also issued $1.5 billion in preferred stock and redeemed $2.1 billion of Series I preferred.
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Strategic Initiatives Advance
The Forge acquisition (private markets) closed March 2, and a phased rollout of spot crypto trading (Schwab Crypto) began in May 2026, expanding the product suite for retail clients.
Analysis · SCHW · Finance
Schwab delivered a standout second quarter, with net income surging 32% to $2.8 billion on record revenue of $7.1 billion. Client engagement hit new highs — daily average trades jumped 57% and core net new assets grew 49% to $119.8 billion. The company returned $1.0 billion to shareholders via buybacks and raised its dividend 19%, while also launching spot crypto trading and integrating the Forge acquisition. Management raised its full-year expense growth outlook to 10-11%, reflecting investments to support strong business momentum. The results reinforce Schwab's ability to convert organic growth and market tailwinds into substantial earnings power.
At the time of this filing, SCHW was trading at $107.60 on NYSE in the Finance sector, with a market capitalization of approximately $187.1B. The 52-week trading range was $83.96 to $109.05. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.