Charles Schwab Beats Estimates On Strong Trading And Client Growth

The Charles Schwab Corporation (NYSE:SCHW) reported first-quarter results that exceeded analyst expectations, driven by strong client engagement and record trading activity.

The company posted adjusted earnings per share of $1.43, topping the consensus estimate of $1.39. Revenue reached a record $6.48 billion, slightly above expectations of $6.47 billion and up 16% from $5.6 billion a year earlier.

GAAP earnings per share came in at $1.37, representing a 38% increase from $0.99 in the prior-year quarter.

Schwab attracted $140 billion in core net new assets during the quarter, while clients opened 1.3 million new brokerage accounts.

Daily average trading volume reached a record 9.9 million trades, up 34% year over year. Asset management and administration fees rose 15% to $1.8 billion, while trading revenue increased 20%.

Total client assets climbed 19% to $11.77 trillion. The net interest margin stood at 2.88%.

Client transactional sweep cash balances reached $461.5 billion at the end of March, increasing by $7.8 billion sequentially. Bank loan balances rose 29% year over year to $60.9 billion, and margin loan balances increased 13% from year-end 2025 to $126.7 billion.