Charles Schwab Corporation (SCHW) reported record Q2 2026 revenue of $7.1 billion, a 21% increase year-over-year, according to the company's earnings release. Adjusted earnings per share came in at $1.62, surpassing analyst expectations in the $1.54–$1.56 range.
Net income for Q2 2026
Net income for the quarter was approximately $2.8 billion. The company also reported net interest income of roughly $3.4 billion. Average daily trading volume reached nearly 11.9 million trades, and total client assets stood at approximately $13.08 trillion.
Charles Schwab Corporation added approximately 1.4 million new brokerage accounts in the quarter. The company raised its full-year 2026 revenue growth outlook to a range of 17.5% to 18.5%.
While Q2 earnings beat estimates, analysts offered mixed commentary on expenses. One source highlighted that expenses disappointed, while another did not mention the issue.
Despite the record revenue and earnings growth, the stock fell. One source noted the stock decline, while another did not discuss price movement.