SCHW Q1 2026 Earnings
Reported Apr 16, 2026 at 4:17 PM ET · SEC Source
Q1 26 EPS
$1.43
BEAT +3.00%
Est. $1.39
Q1 26 Revenue
$6.48B
MISS 0.08%
Est. $6.49B
vs S&P Since Q1 26
-2.8%
TRAILING MARKET
SCHW -1.4% vs S&P +1.5%
Market Reaction
Did SCHW Beat Earnings? Q1 2026 Results
Charles Schwab posted a strong first quarter of 2026, with earnings per share of $1.43 beating the consensus estimate of $1.39 by 3.00%, even as revenue of $6.48 billion came in fractionally below the $6.49 billion analyst forecast and declined 2.5% … Read more Charles Schwab posted a strong first quarter of 2026, with earnings per share of $1.43 beating the consensus estimate of $1.39 by 3.00%, even as revenue of $6.48 billion came in fractionally below the $6.49 billion analyst forecast and declined 2.5% year over year. The headline EPS beat masked a quarter defined by genuine operational momentum: net interest revenue climbed 16% to $3.14 billion, powered by a dramatic compression in deposit funding costs as the average rate paid on deposits fell from 0.72% to just 0.20%, expanding net interest margin to 2.88%. GAAP net income rose 30% to $2.48 billion, and the pre-tax profit margin improved to 49.2% from 43.8% a year ago. Client engagement was equally compelling, with core net new assets reaching $140 billion and total client assets growing 19% year over year to $11.77 trillion. Despite those robust figures, investor sentiment remained cautious, with concerns around cash management tools from competitors weighing on the stock even as the underlying business demonstrated clear earnings power.
Key Takeaways
- • Record daily average trading volume of 9.9 million, up 34% year-over-year
- • Net interest margin expansion to 2.88% from 2.53% year-over-year driven by sharply lower bank deposit costs
- • Core net new assets of $140 billion ($157.5 billion excluding planned mutual fund clearing deconversion)
- • Total client assets grew 19% year-over-year to $11.77 trillion
- • Managed Investing Solutions net flows grew 46% versus 1Q25
- • Bank loan balances grew 29% year-over-year to $60.9 billion
- • 1.3 million new brokerage account openings in the quarter
- • Margin loan balances increased 13% versus year-end 2025 to $126.7 billion
SCHW YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
SCHW Revenue by Segment
With YoY comparisons, source: SEC Filings
“Schwab's strong business momentum continued into 2026 as investors opened 1.3 million new brokerage accounts and brought $140 billion of core net new assets to the firm during the first quarter. Excluding a planned mutual fund clearing deconversion, asset gathering totaled $158 billion – an annualized growth rate of 5.4%.”
— Rick Wurster, Q1 2026 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% |