The earnings call demonstrates significant positive growth in net new assets, revenue, and client engagement, with record earnings per share and new brokerage accounts. Despite some challenges like the need to reduce high-cost funding and tax-related cash outflows, the overall performance and future outlook remain strong.

Company Guidance -

Q3 2025

During Schwab's 2025 Summer Business Update, the company presented robust financial growth metrics, highlighting a 39% increase in core net new assets to $218 billion in the first half of the year and a 31% rise in the second quarter to $80.3 billion. New brokerage accounts grew by 11% year-over-year to 1.1 million, with daily average trades reaching 7.6 million. Margin balances stood at $83.4 billion, and bank lending balances increased by 19% over the same period last year. Schwab reported a 25% year-over-year revenue growth to $5.9 billion for Q2, with adjusted earnings per share up 56% to $1.14. Additionally, managed investing net flows increased by 37%, and Schwab Wealth Advisory witnessed over $10 billion in net flows for the first half of 2025. The firm also noted a 16% rise in total client interactions and a record $21 billion in pledged asset line balances. Schwab is focused on scaling its models, with a 50.1% adjusted pretax profit margin and a strategic emphasis on AI to enhance client service. The company anticipates continued strong revenue and earnings growth for the remainder of 2025, supported by its diversified model and disciplined expense management.

Strong Net New Assets Growth

Core net new assets reached $218 billion in the first half of 2025, up 39%. In the second quarter, $80.3 billion in core net new assets were attracted, a 31% increase over the same period last year.

Record Earnings Per Share

Q2 2025 adjusted earnings per share reached $1.14, a 56% increase over the second quarter of last year.

Significant Increase in New Brokerage Accounts

Investors opened 1.1 million new brokerage accounts in Q2, an increase of 11% over the second quarter of 2024.

Revenue Growth

Total revenue for the second quarter of 2025 was $5.9 billion, up 25% over the same period last year.

Growth in Managed Investing and Lending

Managed investing net flows increased 37% year-over-year for the second quarter, and bank lending balances increased 19% over the second quarter of last year.

High Client Engagement

Daily average trades reached $7.6 million for Q2, a 38% increase over the same period last year. Margin balances were $83.4 billion.

Industry Recognition and Competitive Position

Schwab continues to receive industry recognition for investing platforms and customer service, and holds leading positions in total client assets, RIA custodial assets, and daily average trades.

Charles Schwab (SCHW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SCHW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 20, 2025	2025 (Q3)	1.21 / -	0.77	―	―	―
Jul 18, 2025	2025 (Q2)	1.10 / 1.14	0.73	56.16% (+0.41)	―	―
Apr 17, 2025	2025 (Q1)	1.01 / 1.04	0.74	40.54% (+0.30)	―	―
Jan 21, 2025	2024 (Q4)	0.91 / 1.01	0.68	48.53% (+0.33)	―	―
Oct 15, 2024	2024 (Q3)	0.75 / 0.77	0.77	0.00% (0.00)		―
Jul 16, 2024	2024 (Q2)	0.72 / 0.73	0.75	-2.67% (-0.02)
Apr 15, 2024	2024 (Q1)	0.73 / 0.74	0.93	-20.43% (-0.19)	―	―
Jan 17, 2024	2023 (Q4)	0.64 / 0.68	1.07	-36.45% (-0.39)	―	―
Oct 16, 2023	2023 (Q3)	0.75 / 0.77	1.1	-30.00% (-0.33)	―	―
Jul 18, 2023	2023 (Q2)	0.71 / 0.75	0.97	-22.68% (-0.22)	―	―

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

SCHW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 18, 2025	$93.10	$95.80	+2.90%
Apr 17, 2025	$75.46	$75.91	+0.60%
Jan 21, 2025	$75.91	$80.40	+5.91%
Oct 15, 2024	$67.15	$71.25	+6.11%

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.