SCHW

EX-99.1

2 a2q26exhibit991.htm

EX-99.1

Document

Exhibit 99.1

SCHWAB REPORTS RECORD QUARTERLY REVENUE AND EARNINGS

Record June Core Net New Assets Grew 47% Year-Over-Year to $62.7 Billion

2Q Net Revenues Reached a Record $7.1 Billion, Up 21% Year-Over-Year

Record GAAP Earnings Per Share of $1.54; $1.62 Adjusted (1) – up 42% versus 2Q25

WESTLAKE, Texas, July 21, 2026 – The Charles Schwab Corporation reported net income for the second quarter totaling $2.8 billion, or earnings per share of $1.54. Excluding $170 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.9 billion and $1.62, respectively.

Client Driven

Growth

$120B

2Q26 Core

Net New Assets

“Schwab’s leading value proposition continued to resonate in 2Q26, as investors opened 1.4 million new brokerage accounts and brought $120 billion in core net new assets to the firm. June core asset gathering totaled a record $62.7 billion – an annualized organic growth rate of 5.8%.”

President & CEO Rick Wurster

Deepen Client Relationships

53%

2Q26 Managed Investing

Net Flows Growth

“Investors continued to engage with Schwab’s expanding set of solutions during 2Q as daily average trades reached a record 11.9 million, net flows into Schwab Wealth AdvisoryTM increased 80% year-over-year, and Pledged Asset LineTM balances equaled $33.4 billion – up 59% from 2Q25.”

President & CEO Rick Wurster

Diversified Revenue Growth

21%

2Q26 Revenue

Growth vs. 2Q25

“Our ability to do more for clients throughout their financial lives enables Schwab to deliver robust results across a range of environments. During the second quarter, strong client engagement helped drive year-over-year revenue growth of 21% to a record $7.1 billion.”

CFO Mike Verdeschi

Strong Earnings Momentum 43%

2Q26 GAAP EPS

Growth vs. 2Q25

“During 2Q26, the strength of Schwab’s diversified business model, our industry-leading scale, and opportunistic capital return in multiple forms combined to deliver year-over-year GAAP earnings growth of 43% to a record $1.54 per share, or $1.62 on an adjusted (1) basis.”

CFO Mike Verdeschi

2Q26 Client and Business Highlights

•Total client assets increased 22% year-over-year to $13.08 trillion

•Core net new assets totaled $119.8 billion, up 49% versus 2Q25

•New brokerage account openings equaled 1.4 million, helping bring total client accounts to 48.0 million

•Managed Investing Solutions net flows grew 53% versus 2Q25

•Bank loan balances equaled $67.0 billion at June month-end, up 33% year-over-year

•Margin loan balances increased 30% quarter-over-quarter to $165.1 billion at quarter-end

•Long/short strategy interest remained strong amongst RIA clients (2), with margin loan debits and short cash credits equaling $42.1 billion and $43.7 billion, respectively, as of June 30, 2026

•Daily average trading volume reached a record 11.9 million – up 57% versus 2Q25

•Launched Schwab CryptoTM, providing direct access to Bitcoin and Ethereum trading for retail clients

•Introduced Portfolio Insights, a generative AI-powered capability that helps investors understand portfolio performance (3)

•Schwab recognized as the Best Investing Platform by U.S. News for the 4th consecutive year (4)

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Three Months Ended June 30,%Six Months Ended June 30,%

Financial Highlights20262025Change20262025Change

Net revenues (in millions)$7,072 $5,851 21%$13,554 $11,450 18%

Net income (in millions)

GAAP$2,800 $2,126 32%$5,279 $4,035 31%

Adjusted$2,930 $2,222 32%$5,518 $4,230 30%

Diluted earnings per common share

GAAP$1.54 $1.08 43%$2.91 $2.07 41%

Adjusted$1.62 $1.14 42%$3.05 $2.17 41%

Pre-tax profit margin

GAAP51.9%47.9%50.6%45.9%

Adjusted54.3%50.1%52.9%48.2%

Return on average common

stockholders’ equity (annualized)25%19%23%18%

Return on tangible

common equity (annualized)44%35%41%34%

Note: Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the nearest cent, based on weighted-average diluted common shares outstanding.

2Q26 Financial Commentary

•Quarterly net revenues grew year-over-year by 21% to a record $7.1 billion

•Net interest margin for the quarter expanded 12 basis points quarter-over-quarter to 3.00%

•Client transactional sweep cash balances ended June at $485.7 billion, an increase of $24.2 billion versus the prior quarter-end, reflecting typical 2Q tax seasonality, organic growth, and client asset allocation decisions

•Average interest-earning assets for the quarter equaled $445.0 billion, up 5% versus 2Q25

•Asset management and administration fees grew by 16% year-over-year to $1.8 billion, powered by the firm’s organic growth and investors’ increased utilization of our wealth and asset management solutions

•Record client trading activity drove trading revenue of $1.2 billion, up 28% year-over-year

•GAAP expenses for the quarter increased 12% year-over-year; excluding acquisit

EX-99.1

2 a1q26exhibit991.htm

EX-99.1

Document

Exhibit 99.1

CLIENT GROWTH & ENGAGEMENT DRIVE RECORD SCHWAB 1Q RESULTS

March Core Net New Assets Equal $79.7 Billion, Second Highest Month Ever

Robust Engagement Drove 1Q Net Revenues to a Record $6.5 Billion, Up 16% Year-Over-Year

Record GAAP Earnings Per Share of $1.37; $1.43 Adjusted (1) – up 38% versus 1Q25

WESTLAKE, Texas, April 16, 2026 – The Charles Schwab Corporation reported net income for the first quarter totaling $2.5 billion, or earnings per share of $1.37. Excluding $143 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.6 billion and $1.43, respectively.

Client Driven

Growth

$140B

1Q26 Core

Net New Assets

“Schwab’s strong business momentum continued into 2026 as investors opened 1.3 million new brokerage accounts and brought $140 billion

of core net new assets to the firm during the first quarter. Excluding a

planned mutual fund clearing deconversion, asset gathering totaled

$158 billion – an annualized growth rate of 5.4%.”

President & CEO Rick Wurster

Deepen Client Relationships

46%

1Q26 Managed Investing

Net Flows Growth

“Clients continue to turn to us for more of their financial lives, helping wealth and banking solutions reach record levels in 1Q. Led by Schwab Wealth AdvisoryTM, Managed Investing net flows grew 46% year-over-year while bank loans expanded 29% versus 1Q25 to $60.9 billion.”

President & CEO Rick Wurster

Diversified Revenue Growth

16%

1Q26 Revenue

Growth vs. 1Q25

“Schwab’s diversified model delivered record results within an increasingly uncertain macroeconomic environment. Driven by robust client engagement across our wealth, trading, and lending solutions, total first quarter revenue increased 16% year-over-year to $6.5 billion.”

CFO Mike Verdeschi

Opportunistic Capital Return

$2.4B

1Q26 Common

Stock Repurchases

“During 1Q26, the company repurchased 24.3 million shares for $2.4 billion and increased its common stock dividend by 19%. These actions reflect Schwab’s strong capital position as well as the sustained performance of the firm’s through-the-cycle financial model.”

CFO Mike Verdeschi

1Q26 Client and Business Highlights

•Total client assets increased 19% year-over-year to $11.77 trillion

•Core net new assets totaled $140.0 billion, including a $17.5 billion outflow from a planned mutual fund clearing client deconversion; excluding this planned item, core net new assets for the quarter equaled $157.5 billion

•New brokerage account openings equaled 1.3 million, pushing active brokerage accounts and total client accounts to 39.1 million and 47.2 million, respectively

•Managed Investing Solutions net flows grew 46% versus 1Q25

•Bank loan balances equaled $60.9 billion at March month-end, up 29% year-over-year

•Margin loan balances increased 13% versus year-end 2025 to end the quarter at $126.7 billion – including $21.3 billion related to long/short strategies implemented by RIA clients (2)

•Daily average trading volume reached a record 9.9 million – up 34% versus 1Q25

•Launched the Schwab Teen InvestorTM Account, a unique and hands-on investing experience for young people ages 13–17

•Closed Forge Global acquisition in early March

•Schwab ranked #1 Overall Broker by StockBrokers.com, 2 years in a row (3)

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Three Months Ended March 31,%

Financial Highlights20262025Change

Net revenues (in millions)$6,482 $5,599 16%

Net income (in millions)

GAAP$2,479 $1,909 30%

Adjusted$2,588 $2,008 29%

Diluted earnings per common share

GAAP$1.37 $.99 38%

Adjusted$1.43 $1.04 38%

Pre-tax profit margin

GAAP49.2%43.8%

Adjusted51.4%46.2%

Return on average common

stockholders’ equity (annualized)23%18%

Return on tangible

common equity (annualized)40%35%

Note: Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the nearest cent, based on weighted-average diluted common shares outstanding.

1Q26 Financial Commentary

•Quarterly net revenues grew year-over-year by 16% to a record $6.5 billion

•Net interest margin for the quarter was 2.88%

•Client transactional sweep cash balances ended March at $461.5 billion, an increase of $7.8 billion versus the prior quarter-end, reflecting seasonality, organic growth, and client asset allocation decisions

•Average interest-earning assets for the quarter equaled $437.7 billion, up 2% versus 1Q25

•Asset management and administration fees grew by 15% year-over-year to $1.8 billion, powered by the firm’s organic growth and investors’ utilization of our wealth and asset management solutions

•Trading revenue increased 20% versus 1Q25 due to record engagement

•GAAP expenses for the quarter increased 5% year-over-year; excluding acquisition and integration-related costs and the amortization of acquired intangibles of $143 million, adjusted total expenses (1) were up 5% relative to 1Q25

•Capit

EX-99.1

2 a4q25exhibit991.htm

EX-99.1

Document

Exhibit 99.1

SCHWAB REPORTS RECORD 4Q AND FULL YEAR 2025 RESULTS

4Q Core Net New Assets Total $163.9 Billion; Full-Year Organic Growth of 5.1%

4Q Net Revenues Up 19% Year-Over-Year to a Record $6.3 Billion

Quarterly GAAP Earnings Per Share of $1.33, $1.39 Adjusted (1) – Up 38% versus 4Q24

WESTLAKE, Texas, January 21, 2026 – The Charles Schwab Corporation reported net income for the fourth quarter totaling $2.5 billion, or $1.33 earnings per share. Excluding $127 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.6 billion and $1.39, respectively.

Client Driven

Growth

$519B

2025 Core

Net New Assets

“Schwab delivered growth on all fronts in 2025. Total client accounts grew 6% year-over-year to 46.5 million. New and existing clients entrusted us with $519 billion in core net new assets – a 5.1% organic growth rate – bringing total client assets to a record $11.90 trillion.”

President & CEO Rick Wurster

Deepen Client Relationships

36%

2025 Managed Investing

Net Inflows Growth

“Clients are conducting more of their financial lives at Schwab, with record engagement across wealth management, trading, and banking. Net inflows into our Managed Investing solutions grew by 36% versus 2024, while bank loan originations achieved another record year.”

President & CEO Rick Wurster

Diversified Revenue Growth

22%

2025 Revenue

Growth vs. 2024

“Doing more for our growing client base bolsters Schwab’s diversified revenue model. In 2025, the combination of our business momentum, strong engagement, and favorable equity markets resulted in record revenue of $23.9 billion – up 22% versus the prior year.”

CFO Mike Verdeschi

Opportunistic Capital Return

$7.3B

2025 Common

Stock Repurchases

“During 4Q25, we repurchased 29.2 million shares for $2.7 billion, bringing 2025 capital return to $11.8 billion across all forms. Our capital ratios remained strong while enhancing our balance sheet flexibility to meet the needs of clients in different environments.”

CFO Mike Verdeschi

4Q25 Client and Business Highlights

•Total client assets increased 18% year-over-year to a record $11.90 trillion

•Record 4Q core net new assets of $163.9 billion brings total 2025 asset gathering to $519.4 billion – up 42% versus the prior year

•New brokerage account openings exceeded 1 million for the 5th consecutive quarter, pushing active brokerage accounts and total client accounts to 38.5 million and 46.5 million, respectively

•Managed Investing Solutions net inflows for the quarter grew 50% versus 4Q24

•Bank loan balances equaled $58.0 billion at December month-end – up 28% year-over-year

•Margin loan balances increased 34% versus year-end 2024 to end the quarter at $112.3 billion (2)

•Daily average trading volume was 8.3 million – up 31% versus 4Q24

•Announced definitive agreement to acquire Forge Global; transaction expected to close during first half 2026

•Schwab awarded by Forbes, Best Customer Service 2026 (3)

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Three Months Ended December 31,%Twelve Months Ended December 31,%

Financial Highlights20252024Change20252024Change

Net revenues (in millions)$6,336 $5,329 19%$23,921 $19,606 22%

Net income (in millions)

GAAP$2,459 $1,840 34%$8,852 $5,942 49%

Adjusted$2,556 $1,974 29%$9,242 $6,433 44%

Diluted earnings per common share

GAAP$1.33 $.94 41%$4.65 $2.99 56%

Adjusted$1.39 $1.01 38%$4.87 $3.25 50%

Pre-tax profit margin

GAAP50.2%43.3%47.9%39.2%

Adjusted52.2%46.6%50.0%42.5%

Return on average common

stockholders’ equity (annualized)22%18%21%15%

Return on tangible

common equity (annualized)39%36%38%35%

Note: Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the

nearest cent, based on weighted-average diluted common shares outstanding.

4Q25 Financial Commentary

•Quarterly net revenues grew year-over-year by 19% to a record $6.3 billion

•Net interest margin for the fourth quarter equaled 2.90%, or 57 basis points of expansion versus 4Q24

•Client transactional sweep cash balances ended December at $453.7 billion, an increase of $28.1 billion versus the prior quarter-end, reflecting organic growth, client net buying activity, and year-end seasonality

•Bank Supplemental Funding (4) declined by $9.7 billion to end the quarter at $5.1 billion

•Asset management and administration fees grew by 15% year-over-year to $1.7 billion, powered by the firm’s organic growth, equity market appreciation, and investors’ utilization of our wealth and asset management solutions

•Trading revenue increased 22% versus 4Q24 due to continued strong engagement

•GAAP expenses for the quarter increased 4% year-over-year; excluding amortization of acquired intangibles of $127 million, adjusted total expenses (1) were up 6% relative to 4Q24

•Full-year 2025 GAAP expense growth equaled 5% – 6% adjusted (1) – including h