Form 8-K · Current report
Charles Schwab Corporation 8-K, filed Jul 21, 2026
- Filed
- CIK
- 0000316709
- Accession no.
- 0000316709-26-000027
Summary
The Charles Schwab Corporation reported record second-quarter 2026 results, with net revenues of $7.1 billion (up 21% year-over-year), GAAP net income of $2.8 billion, and diluted earnings per share of $1.54 ($1.62 adjusted), alongside $120 billion in core net new assets and a record $62.7 billion in June core net new assets. CEO Rick Wurster and CFO Mike Verdeschi attributed the results to client engagement, trading activity, and the firm's diversified business model, and Schwab launched direct Bitcoin and Ethereum trading for retail clients via Schwab Crypto and a generative AI portfolio tool called Portfolio Insights.
Key points
- Second-quarter GAAP net income was $2.8 billion, or $1.54 per diluted share; adjusted net income and EPS were $2.9 billion and $1.62, excluding $170 million of pre-tax transaction-related costs.
- Core net new assets totaled $119.8 billion for the quarter, up 49% versus 2Q25, with June core asset gathering at a record $62.7 billion.
- Total client assets rose 22% year-over-year to $13.08 trillion, with 1.4 million new brokerage accounts opened and a record 11.9 million daily average trades.
- Schwab launched Schwab Crypto, offering retail clients direct Bitcoin and Ethereum trading, and introduced Portfolio Insights, a generative AI feature for portfolio performance explanations.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition On July 21, 2026, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release dated July 21, 2026 104 Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. …
An excerpt of the text as filed with the SEC, cut for length.
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