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Charles Schwab (SCHW) investor relations material

Charles Schwab Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary16 Oct, 2025

Executive summary

  • Achieved record net revenues of $6.1 billion in Q3 2025, up 27% year-over-year, and record net income of $2.4 billion, with adjusted net income of $2.5 billion excluding transaction-related costs.

  • Core net new assets reached $137.5 billion, a 44% increase year-over-year, with total client assets rising 17% to $11.59 trillion.

  • Over 1 million new brokerage accounts opened for the fourth consecutive quarter, bringing active brokerage accounts to 38.0 million.

Financial highlights

  • Net revenues grew 27% year-over-year to $6.1 billion; net income rose 67% to $2.4 billion (GAAP), and adjusted net income increased 61% to $2.5 billion.

  • Diluted EPS was $1.26 (GAAP), up 77% year-over-year; adjusted EPS was $1.31, up 70%.

  • Pre-tax profit margin improved to 49.2% (GAAP) and 51.3% (adjusted).

  • Net interest margin expanded sequentially by 21 basis points to 2.86%.

  • Asset management and administration fees increased 13% year-over-year to $1.7 billion.

  • Trading revenue rose 25% year-over-year, driven by higher volumes and derivatives activity.

Outlook and guidance

  • Management expects continued organic growth, increased adoption of wealth solutions, and strong capital ratios.

  • Forward-looking statements note risks and uncertainties that could impact future results.

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Frequently asked questions

Empowering the individual investor

The Charles Schwab Corporation is a prominent financial services company that operates in the United States. Founded by Charles R. Schwab in 1971, the company has since grown to become a leading provider of brokerage, banking, and financial advisory services. Headquartered in San Francisco, Charles Schwab has built a reputation for its innovative approach to investing services and its commitment to empowering individual investors.

The brainchild of founder Charles R. Schwab

Charles R. Schwab is an American entrepreneur and philanthropist known for his significant contributions to the financial industry. Raised in a middle-class family in Sacramento, California, Schwab developed a passion for finance from a young age. He graduated from Stanford University with a degree in economics and business administration before embarking on a remarkable career that would shape the landscape of investment services. Charles R. Schwab still acts as the chairman of the company and is also known for his extensive philanthropic work outside of his business ventures.

Making investing accessible for the retail investor

Offering investing solutions for individual investors. Charles Schwab's operating philosophy revolves around providing affordable and accessible investment services to a wide range of clients. The company has been a pioneer in the discount brokerage industry, offering low-cost trading options and eliminating many traditional barriers to investing. With a user-friendly online platform and a robust suite of tools and resources, Charles Schwab enables investors to research, analyze, and execute trades efficiently. Additionally, the company offers a comprehensive range of investment products, including stocks, bonds, mutual funds, ETFs, and more. This in turn allows clients to build diversified portfolios tailored to their financial goals and risk tolerance. Similar services are being offered through Robinhood and other retail investing platforms. However, Charles R. Schwab has their focus on long-term investing unlike pure trading platforms such as IG. When it comes to their offerings of asset management, their main competitors are traditional firms such as Goldman Sachs and other investment banks.

Offering guidance throughout the investment process

Charles Schwab places a strong emphasis on investor education, providing resources and educational materials to empower individuals to make informed financial decisions. The company's financial advisors are available to assist clients in navigating the complexities of investing, offering personalized advice and tailored solutions that fit the investment goals of each client.

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