Form 8-K · Current report
Charles Schwab Corporation 8-K, filed Oct 15, 2026
- Filed
- CIK
- 0000316709
- Accession no.
- 0000316709-26-000035
Summary
Charles Schwab reported record third-quarter 2026 net revenues of $7.2 billion, up 17% year-over-year, and net income of $2.9 billion, or $1.62 per diluted share, with adjusted EPS of $1.69. The company also reported record core net new assets of $190.4 billion, up 38% year-over-year, and total client assets of $13.33 trillion, up 15%; CEO Rick Wurster said clients opened 1.2 million new brokerage accounts.
Key points
- Net revenues reached a record $7.2 billion, up 17% from a year earlier; GAAP net income rose 23% to $2.9 billion and adjusted net income rose 23% to $3.0 billion.
- Core net new assets totaled a record $190.4 billion, up 38% year-over-year; total client assets increased 15% to $13.33 trillion and total client accounts reached 48.6 million.
- The company introduced Charley, an AI-powered retail assistant, and partnered with Anthropic to bring Claude for Financial Advisors to RIAs; it announced Single Stock Futures on thinkorswim and plans to expand Schwab Crypto.
- Schwab repurchased 4.7 million common shares for $0.5 billion during the quarter; net interest margin expanded to 3.04% and daily average trading volume rose 44% to 10.7 million.
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 October 15, 2026, The Charles Schwab Corporation issued a press release announcing its financial results for the quarter ended September 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 October 15, 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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