Charles Schwab (GB:0L3I)
LSE:0L3I
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Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.47Last Year’s EPS
1.14Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum with record revenue, EPS and client asset gathering, broad engagement across trading, lending and managed solutions, and notable progress in AI, crypto, and product innovation. The firm showed disciplined expense management and maintained a solid capital position while executing strategic M&A. Notable challenges include compressed revenue per trade from smaller, shorter-duration trades, sizable client cash build that raises questions around monetization and competitive dynamics, and the expected seasonal cash draw in Q2. Management presented clear plans for AI-enabled growth and multiple monetization levers, while acknowledging risks associated with crypto launch costs and evolving cash economics.Company Guidance
Record Client Growth and Account Openings
Clients opened 1.3 million brokerage accounts in 1Q26, up 10% year-over-year, driving strong engagement across the platform and making March the firm's second-highest month of net new assets (NNA) on record.
Record Core Net New Assets and Total Client Assets
Excluding a one-time mutual fund clearing outflow, Schwab attracted $158 billion in core net new assets in 1Q26 (a first-quarter record), bringing total client assets to approximately $11.8 trillion.
Record Revenue, Trading Activity and EPS
Revenue increased 16% year-over-year to a record $6.5 billion for 1Q26; trading revenue rose 20% YoY. Adjusted diluted EPS reached a record $1.43, up 38% YoY, and adjusted pretax profit margin was 51.4%.
Strong Asset Management and Adviser Flows
Asset management and administration fees grew 15% YoY to a record $1.8 billion. Managed investing net flows rose 46% YoY, and Schwab Wealth Advisory net flows reached a record $10 billion, up 90% YoY (with ~30% of those flows from legacy Ameritrade clients).
Robust Lending and Balance Sheet Growth
Bank loan balances grew to $61 billion, up 29% YoY; client margin loan balances ended the quarter near $127 billion, up 13% vs year-end 2025. Bank lending and pledged asset lines reached all-time records.
Exceptional Client Engagement and Platform Usage
Supported a record 9.9 million daily average trades, over 600 million trades supported in the quarter, ~570 million digital log-ins (up ~12% YoY), and more than 7.8 million calls to service centers with average call entry under 30 seconds.
Disciplined Expense Management and Investment in Growth
Adjusted expenses grew just 5% YoY despite significant client activity and continued investments in organic growth, new products, AI, and platform modernization, contributing to strong margin expansion.
Capital Returns and Strong Capital Position
Repurchased $2.4 billion of common shares in 1Q26, increased the common dividend (impacting adjusted Tier 1 leverage), and finished the quarter with an adjusted Tier 1 leverage ratio of 6.8% within the 6.75%–7% target range.
Strategic M&A and Product Innovation
Completed acquisition of Forge to provide access to pre-IPO shares and private market services, increased strategic investment in Wealth.com for AI estate and tax planning tools, launched Schwab Team Investor accounts (ages 13–17), and rolled out structured asset line offerings for advisers.
Material Progress on AI and Digital Capabilities
Deployed AI broadly: equipped 33,000 employees with AI tools; 8,000 technologists using AI for development; launched Schwab Knowledge Assistant, Research Assistant, AI Service Assistant (transcribing ~60,000 live interactions/day); plan to roll out portfolio insights, generative search, and the first investor AI assistant in June.
Crypto Pilot and Spot Crypto Rollout
Employee pilot for Schwab Crypto is underway with a phased client rollout expected in coming weeks for bitcoin and ether; initial trade pricing set at 75 basis points, with additional assets and transfer capabilities planned over time.
GB:0L3I 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
GB:0L3I Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $100.08 | $94.09 | -5.99% |
Jan 21, 2026 | $100.85 | $101.69 | +0.83% |
Oct 16, 2025 | $93.12 | $93.08 | -0.04% |
Jul 18, 2025 | $91.91 | $94.05 | +2.32% |
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 (GB:0L3I) report earnings?
Charles Schwab (GB:0L3I) is schdueled to report earning on Jul 21, 2026, Before Open (Confirmed).
What is Charles Schwab (GB:0L3I) earnings time?
Charles Schwab (GB:0L3I) earnings time is at Jul 21, 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 GB:0L3I EPS forecast?
GB:0L3I EPS forecast for the fiscal quarter 2026 (Q2) is 1.47.
