Charles Schwab (SCHW) Q1 2026 earnings summary

Record client and financial growth

• Achieved record client growth with 1.3 million new brokerage accounts, up 10% year-over-year, and total client assets reaching $11.77 trillion, up 19%.

• Attracted $158 billion in core net new assets, or $140 billion excluding a planned deconversion, with managed investing net flows up 46%.

• Daily average trading volume hit a record 9.9 million, up 34% year-over-year, with revenues up 16% to $6.5 billion.

• Adjusted EPS rose 38% to $1.43, with net income at $2.5 billion and return on tangible common equity at 40%.

• Client satisfaction remained high, with Promoter Scores and AS&E scores near all-time highs.

Strategic innovation and product expansion

• Launched Schwab Teen Investor account and completed the Forge acquisition for $636 million, enhancing private market investment capabilities.

• Rolled out spot crypto trading for retail clients, starting with bitcoin and ethereum, with plans to expand digital asset offerings.

• Expanded Private Issuer Equity Services and increased investment in AI-powered estate planning tools.

• Rolled out Pledged Asset Line to advisor clients, including alternative investments as collateral.

• Building infrastructure for future tokenization of securities.

Acceleration in artificial intelligence

• AI initiatives included launching Portfolio Insights, generative search, and AI-powered assistants for clients and advisors.

• AI tools deployed to all 33,000 employees, enhancing productivity and client service.

• AI-enabled capabilities expected to create new monetization opportunities and lower cost to serve.

• AI roadmap includes enhanced relationship management tools and investor assistants.