Charles Schwab (DE:SWG)
XETRA:SWG
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
0.89Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial narrative: record revenue, EPS and margins, significant NNA and account growth, leading trading volume, strong lending and margin expansion, disciplined expense management and active capital return. Management provided a constructive 2026 scenario with mid-single-digit organic asset growth, margin expansion and continued investment in AI, branches, crypto and alternatives. Risks include higher volume-related costs, sensitivity to trading volumes and macro/rate outcomes, early-stage execution requirements for the alternatives offering, and some near-term buyback uncertainty. Overall, the positives (scale, record results, diversified growth levers and capital strength) materially outweigh the identified challenges.Company Guidance
Record Financial Results
Total net revenues reached a record $23.9 billion, up 22% year-over-year. Adjusted earnings per share were a record $4.87, up 50% versus 2024. Adjusted pretax profit margin expanded nearly 800 basis points to ~50% for the year, and Q4 adjusted EPS grew 38% year-over-year to $1.39.
Robust Net New Asset and Account Growth
Core net new assets (NNA) totaled $519 billion in 2025, a 42% increase over the prior year. Clients opened 4.7 million new brokerage accounts, a 13% increase; organic core NNA growth rate was 5.1% for the year.
Record Client Assets and Scale
Firm ended the year with more than 46 million client accounts and nearly $12 trillion in total client assets, ranking #1 among peers by total client assets, RIA custodial assets and daily average trades.
Managed Investing and Wealth Momentum
Managed investing net flows grew ~36% versus 2024 and flows into managed investing solutions were nearly $70 billion. Managed investing ROCA is ~2x that of retail, and only ~5% of retail households currently engaged—indicating substantial runway.
Lending and Margin Growth
Bank lending balances reached an all-time high of $58 billion (up 28% year-over-year). Client margin loan balances exceeded $112 billion at quarter end, up 34% versus year-end 2024. Pledged asset line (PAL) originations nearly doubled since 2023 with average digital cycle times of ~1 day and ~75% of originations completed in <1 day.
Trading Leadership and Client Engagement
Handled a record level of client activity: ~1.9 billion trades, ~2.2 billion digital log-ins (up ~18% YoY), ~30 million service calls; daily average trades for the year reached a record ~7.7 million and Q4 daily average trades were $8.3 million (2nd highest quarter on record). Traders deliver 9x more NNA than retail clients and 2x the ROCA.
Expense Discipline and Efficiency Gains
Full year adjusted expenses increased only 6% while supporting record engagement; cost per account decreased ~20% over the last five years. Expense-on-client-assets (EOCA) on an adjusted basis declined from ~15 bps in 2020 to ~11 bps today.
Strong Capital Management and Returns
Adjusted Tier 1 leverage ratio finished at 7.1% (just above the 6.75%–7% objective). Repurchased $2.7 billion of common shares in Q4 and returned $11.8 billion of capital year-to-date across all forms, supporting continued opportunistic capital return.
Strategic M&A, Partnerships and Product Expansion
Definitive agreement to acquire Forge to expand alternatives/private investing access; strategic investment in Qapita for private-company equity management; investment in Wealth.com estate analysis; on track to launch spot Bitcoin and Ethereum trading in H1; launched Advisor ProDirect and nearly doubled institutional no-transaction-fee mutual fund platform.
Risk Management and Hedging Improvements
Implemented a hedge program that reduced interest rate sensitivity by ~1/3 and put modest income hedges in place for the margin loan book, enhancing financial flexibility across rate scenarios.
DE:SWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:SWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 21, 2026 | €86.97 | €84.78 | -2.52% |
Oct 16, 2025 | €80.64 | €81.09 | +0.55% |
Jul 18, 2025 | €77.57 | €80.40 | +3.64% |
Apr 17, 2025 | €66.46 | €67.84 | +2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Charles Schwab (DE:SWG) report earnings?
Charles Schwab (DE:SWG) is schdueled to report earning on Apr 16, 2026, Before Open (Confirmed).
What is Charles Schwab (DE:SWG) earnings time?
Charles Schwab (DE:SWG) earnings time is at Apr 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Charles Schwab stock?
The P/E ratio of Charles Schwab is N/A.
What is DE:SWG EPS forecast?
DE:SWG EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.
