Form 10-Q · Quarterly report
Charles Schwab Corporation 10-Q, filed Nov 6, 2026
- Filed
- CIK
- 0000316709
- Accession no.
- 0000316709-26-000038
Summary
Charles Schwab reported third-quarter 2026 net income of $2.9 billion, or $1.62 per diluted share, up 23% from a year earlier, on total net revenues of $7.2 billion, with total client assets of $13.33 trillion at September 30. Schwab said it completed its $636 million acquisition of private-markets platform Forge Global Holdings in March 2026 and began a phased retail rollout of spot crypto trading, Schwab Crypto, in May 2026.
Key points
- Core net new client assets were $190.4 billion in the third quarter, up 38% year over year, and $450.2 billion for the first nine months of 2026.
- New brokerage accounts totaled 1.24 million in the quarter and 3.9 million for the first nine months; active brokerage accounts reached 40.3 million, up 6% year over year.
- Total expenses excluding interest rose 9% to $3.4 billion in the quarter, and the consolidated Tier 1 leverage ratio was 8.9% at quarter end versus 9.3% at year-end 2025.
- Schwab repurchased $500 million of common stock in the quarter and $3.9 billion in the first nine months, and raised its common dividend 19% to $0.32 per share in the first quarter of 2026.
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 third quarter and first nine months of 2026 and 2025 are as follows: Three Months Ended September 30, Percent Change Nine Months Ended September 30, Percent Change 2026 2025 2026 2025 Client Metrics Net new client assets (in billions) (1) $ 192.4 $ 134.4 43 % $ 451.0 $ 340.4 32 % Core net new client assets (in billions) $ 190.4 $ 137.5 38 % $ 450.2 $ 355.5 27 % Client assets (in billions, at quarter end) $ 13,333.2 $ 11,593.9 15 % Average client assets (in billions) $ 13,281.3 $ 11,151.9 19 % $…
An excerpt of the text as filed with the SEC, cut for length.
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