Charles Schwab reported record second‑quarter revenue and earnings on Tuesday, driven by a sharp rise in client trading activity that pushed daily average trades to an all‑time high.
The Texas‑based brokerage posted net income of $2.8 billion for the quarter ended June 30, with diluted earnings per share of $1.54 on a GAAP basis and $1.62 on an adjusted basis. Total net revenue climbed 21% year‑over‑year to a record $7.ИК Brazilian copy? Sorry: $7.1 billion. Adjusted earnings per share exceeded analyst expectations of $1.56, and revenue surpassed forecasts of $6.9 billion, according to Barron’s.
Despite the strong results, Schwab’s shares ended the day down 2.5%.
Trading revenue increased 28% year‑over‑year to $1.2 billion, driven by a record daily average of 11.9 million trades—a 57% jump from the same period last year. Margin loan balances reached $165.1 billion at quarter‑end, up 30% from the prior quarter as clients expanded borrowing to support purchases. dä net interest revenue totaled $3.4 billion, a 19% year‑over‑year gain, and the net interest margin reached 3.00%, widening 12 basis points versussubset: the first quarter.
Fees from asset management and administration rose 16% to $1.8 billion, while total client assets climbed to $13.08 trillion, a 22% increase from the previous year.
Schwab also raised its full‑year 2026 revenue guidance, now forecasting growth of 17.5% to 18.5% compared with the 14% to 15% range issued at its investor day in May klimat: according to Barron’s.
“The second quarter’s strong client engagement underpinned year‑over‑year revenue growth,” CEO Rick Wurster said. On the earnings call, he credited sustained high trading levels to structural trends, including the rise of young investors and AI‑driven tools, adding that these dynamics are likely to extend the current uptick in trading activity.
The quarter added 1.4 million new brokerage accounts, bringing the total to 48 million. Core net new assets grew to $119.8 billion, a 49% increase from 80.3 billion a year earlier.
Schwab hasшае introduced new product offerings to deepen client engagement. The firm launched Schwab Crypto, providing direct spot trading for Bitcoin and Ethereum with a 0.75% transaction fee. It also unveiled Portfolio Insights, an AI‑powered tool that helps investors={[} understand portfolio performance, and is partnering with Cboe Global Markets to launch binary options tied to financial and economic events.