Schwab Reports Record Quarterly Revenue and Earnings

Record June Core Net New Assets Grew 47% Year-Over-Year to $62.7 Billion

2Q Net Revenues Reached a Record $7.1 Billion, Up 21% Year-Over-Year

Record GAAP Earnings Per Share of $1.54; $1.62 Adjusted (1) – up 42% versus 2Q25

The Charles Schwab Corporation reported net income for the second quarter totaling $2.8 billion, or earnings per share of $1.54. Excluding $170 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.9 billion and $1.62, respectively.