Schwab Reports Record Quarterly Revenue Driven by Inflows and AI Efficiency
1 report, 1 independent
Updated Oct 16
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What happened
Schwab announced record quarterly net revenue of $7.2 billion and adjusted earnings per share of $1.69 during its business update call on October 15, 2026. The firm reported that clients brought $190 billion in core net new assets, while managed investing net flows reached a quarterly record of $24 billion. Furthermore, bank lending grew to $72 billion, up 35% year over year.
From fool.com
Why it matters
The results highlight Schwab's expansion of market share across retail and advisory channels. The firm noted that software developers are 25% more productive using large language models, allowing it to reinvest savings into client tools. High-margin secured lending also expanded net interest income.
From fool.com
Who's involved
- Goldman SachsAmerican investment bank that might face increased competitive pressure from Schwab's performance.
- Morgan StanleyU.S. investment bank that might face increased competitive pressure from Schwab's performance.