SCHW Q2 2025 Earnings
Reported Jul 18, 2025 at 4:20 PM ET · SEC Source
Q2 25 EPS
$1.14
BEAT +6.48%
Est. $1.07
Q2 25 Revenue
$5.85B
BEAT +3.70%
Est. $5.64B
vs S&P Since Q2 25
-18.5%
TRAILING MARKET
SCHW -3.7% vs S&P +14.8%
Market Reaction
Did SCHW Beat Earnings? Q2 2025 Results
Charles Schwab posted a strong second quarter, with adjusted earnings per share of $1.14 beating the $1.07 consensus by 6.48%, while revenue of $5.85 billion topped estimates by 3.70%, even as the top line reflected a 7.8% decline from the year-ago p… Read more Charles Schwab posted a strong second quarter, with adjusted earnings per share of $1.14 beating the $1.07 consensus by 6.48%, while revenue of $5.85 billion topped estimates by 3.70%, even as the top line reflected a 7.8% decline from the year-ago period. Shares climbed sharply in the wake of the results, briefly touching a record high in premarket trading. The single biggest driver behind the beat was a surge in net interest revenue, which climbed 31% year-over-year to $2.82 billion, fueled by ongoing reductions in higher-cost bank supplemental funding and a rebound in securities lending. Trading revenue also contributed meaningfully, rising 23% to $952 million on daily average trading volume of 7.6 million trades. Client engagement remained robust, with core net new assets of $80.3 billion, up 31% year-over-year, and total client assets reaching $10.76 trillion, while more than 1 million new brokerage accounts were opened during the quarter.
Key Takeaways
- • 25% year-over-year net revenue growth driven by net interest revenue expansion
- • Net interest margin expanded 12 basis points sequentially to 2.65% from reduction of higher-cost liabilities and rebound in securities lending
- • Bank Supplemental Funding declined $10.4 billion to $27.7 billion at quarter-end
- • Core net new assets of $80.3 billion, up 31% year-over-year
- • Daily average trading volume up 38% year-over-year to 7.6 million
- • New brokerage account openings up 11% year-over-year to 1.1 million
- • Managed Investing Solutions net inflows grew 37% versus Q2 2024
- • Client transactional sweep cash ended at $412.1 billion, a sequential build of $4.3 billion
- • Total client assets reached record $10.76 trillion, up 14% year-over-year
SCHW YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SCHW Revenue by Segment
With YoY comparisons, source: SEC Filings
“Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts and gathering $80.3 billion in core net new assets – up 31% versus 2Q24.”
— Rick Wurster, Q2 2025 Earnings Press Release
SCHW Earnings Trends
SCHW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SCHW EPS Trend
Earnings per share: estimate vs actual
SCHW Revenue Trend
Quarterly revenue: estimate vs actual
SCHW Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.39 | $1.43 | +3.00% | $6.48B | -0.08% |
| Q4 25 BEAT FY | $1.39 | $1.39 | +0.00% | $6.34B | +91.30% |
| FY Full Year | $4.86 | $4.87 | +0.13% | $23.92B | +0.43% |
| Q3 25 BEAT | $1.25 | $1.31 | +5.21% | $6.14B | +1.96% |
| Q2 25 BEAT | $1.07 | $1.14 | +6.48% | $5.85B | +3.70% |