Form 10-Q · Quarterly report
Charles Schwab Corporation 10-Q, filed Aug 7, 2026
- Filed
- CIK
- 0000316709
- Accession no.
- 0000316709-26-000031
Summary
Charles Schwab Corporation reported second-quarter 2026 net income of $2.8 billion, or $1.54 per diluted share, on $7.1 billion of total net revenues, with total client assets of $13.08 trillion at June 30. The company completed its $636 million acquisition of Forge Global Holdings in March 2026 and began a phased retail rollout of spot bitcoin and ether trading through Schwab Crypto in May 2026.
Key points
- Second-quarter 2026 net income was $2.8 billion, up 32% year over year, and diluted EPS was $1.54, up 43%; first-half net income was $5.3 billion and diluted EPS was $2.91.
- Total client assets reached $13.08 trillion at June 30, 2026, up 22% year over year, and core net new client assets were $119.8 billion in the second quarter, up 49%.
- Schwab completed the acquisition of Forge Global Holdings for $636 million of cash and other consideration on March 2, 2026.
- In May 2026 Schwab began a phased rollout of Schwab Crypto spot trading for bitcoin and ether to retail clients, with Charles Schwab Premier Bank as custodian and Paxos Trust Company as sub-custodian.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion OVERVIEW Management focuses on several client activity and financial metrics in evaluating Schwab’s financial position and operating performance. Results for the second quarter and first six months of 2026 and 2025 are as follows: Three Months Ended June 30, Percent Change Six Months Ended June 30, Percent Change 2026 2025 2026 2025 Client Metrics Net new client assets (in billions) (1) $ 118.7 $ 73.6 61 % $ 258.6 $ 206.0 26 % Core net new client assets (in billions) $ 119.8 $ 80.3 49 % $ 259.8 $ 218.0 19 % Client assets (in billions, at quarter end) $ 13,084.9 $ 10,757.3 22 % Average client assets (in billions) $ 12,723.5 $ 10,108.5 26 % $ 12,386.9 $…
An excerpt of the text as filed with the SEC, cut for length.
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