The Charles Schwab Corporation reported record second-quarter 2026 revenue of $7.1 billion. Revenue climbed 21% year-over-year. Adjusted earnings per share reached $1.62. This represents a 42% increase from the previous year. The results surpassed analyst expectations. Daily average trades reached a record 11.9 million.
The company added 1.4 million new brokerage accounts during the quarter. Total client assets increased to $13.08 trillion.
Schwab reported $58.1 billion in core net new assets for July. This represents a 24% increase from the prior year. The company's stock is currently trading near a 52-week high.