From The Motley Fool · Motley Fool Transcribing · · 2m
Schwab Q3 2026 Earnings Results
Schwab reports record Q3 2026 earnings with 17% revenue growth and 29% EPS increase.
In brief
Schwab reports record Q3 2026 earnings with 17% revenue growth and 29% EPS increase. Schwab achieved $7.2 billion total net revenue and $1.69 adjusted EPS for Q3 2026, driven by 38% year-over-year growth in core net new assets. Originally reported by The Motley Fool.
Q3 2026 Results
Schwab reported record Q3 2026 earnings with $7.2 billion total net revenue, a 17% year-over-year increase.
Earnings Per Share
Adjusted earnings per share reached $1.69, a 29% year-over-year increase.
Net New Assets
Core net new assets grew to $190 billion, representing 38% year-over-year growth.
Bank Lending Growth
Bank lending balances reached $72.3 billion, up 35% year-over-year driven by Pledged Asset Line demand.
Trading Performance
Trading revenue grew 16% year-over-year to $1.2 billion with daily average trades of 10.7 million.
AI Integration
Schwab implemented AI tools to boost developer productivity by 25% and launched Charlie, an AI assistant.
Advisor Services
Schwab serves 16,000 advisor firms with $5.8 trillion in assets under custody.
Client Growth
New brokerage accounts opened at 1.2 million during Q3 2026, with 70% of new households being Gen Z and millennials.
Wealth Advisory
Schwab Wealth Advisory net flows increased 55% year-over-year as clients adopted advice solutions.
AI-Powered Solutions
Schwab piloting AI integration for traders to connect large language models directly to Schwab servers.
Capital Returns
Schwab repurchased $4 billion of common shares through the first nine months of 2026.
Net Interest Margin
Adjusted pre-tax profit margin expanded to 54.8%, a 350 basis point increase year-over-year.
Lending Strategy
Loan growth has outpaced deposit growth, requiring greater utilization of diversified funding sources.
Future Outlook
Schwab expects full-year revenue and net interest margin growth toward the lower end of previously provided ranges.
Client Engagement
Schwab clients interacted with the platform 1.8 billion times year-to-date, representing record engagement.
Next Steps
Schwab will launch a proprietary tax-advantaged long/short investment solution to meet high client demand.
What it means
Schwab achieved $7.2 billion total net revenue and $1.69 adjusted EPS for Q3 2026, driven by 38% year-over-year growth in core net new assets.
