Charles Schwab's second quarter 2026 revenue surged 21% to a record $7.1B as net interest margin expanded to 3.00%.

Charles Schwab reported record second quarter 2026 results, with net revenues of $7.1 billion and GAAP diluted earnings per share of $1.54. The firm saw strong client activity, attracting $119.8 billion in core net new assets and adding 1.4 million new brokerage accounts during the quarter.

Key Highlights

• Second quarter net revenues reached a record of $7.1 billion, representing year-over-year growth of 21%.
• GAAP diluted earnings per share grew 43% year-over-year to a record $1.54, with adjusted EPS up 42% to $1.62.
• Net interest margin expanded significantly to 3.00%, a notable increase from the prior year and well ahead of analyst expectations.
• Core net new assets totaled $119.8 billion for the quarter, an increase of 49% compared to the same period last year.