Charles Schwab (SCHW) Q1 2026 earnings summary

Record client and financial growth

• Achieved record client growth with 1.3 million new brokerage accounts, up 10% year-over-year, and total active accounts reaching 39.1 million.

• Attracted $158 billion in core net new assets (excluding a planned deconversion), with total client assets rising 19% to $11.77 trillion.

• Managed investing net flows rose 46% to an all-time high; bank lending up 29% year-over-year to $60.9 billion.

• Supported a record 9.9 million daily average trades, up 34% year-over-year; revenues up 16% to $6.5 billion.

• Adjusted EPS at $1.43, up 38%, with adjusted net income of $2.51 billion and return on tangible common equity at 40%.

Strategic innovation and product expansion

• Launched Schwab Teen Investor account and completed Forge acquisition for pre-IPO access.

• Expanded Private Issuer Equity Services and increased investment in AI-powered estate planning tools.

• Rolled out Pledged Asset Line to advisor clients, including alternative investments as collateral.

• Announced imminent launch of Schwab Crypto, starting with Bitcoin and Ether, with competitive pricing and integrated digital experience.

• Building infrastructure for future tokenization of securities.

Acceleration in artificial intelligence

• AI is driving growth, scale, and efficiency, with new AI-powered client and advisor tools and assistants.

• Launching Portfolio Insights, generative search, and enhanced relationship management tools for clients.

• AI tools deployed to all 33,000 employees, enhancing productivity and client service.

• AI-enabled capabilities expected to create new monetization opportunities and lower cost to serve.