Charles Schwab Q2 2026 Earnings Call Transcript

Charles Schwab (NYSE: SCHW ) held its second-quarter earnings conference call on Tuesday.

Below is the complete transcript from the call.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

View the webcast at Watch the full earnings call below: Summary Charles Schwab delivered record financial results in Q2 2026, with total revenue of $7.1 billion, a 21% increase year-over-year, and adjusted earnings per share of $1.62, up 42%.

The company attracted 1.4 million new brokerage accounts and $120 billion in core net new assets, demonstrating robust client engagement and growth.

Strategic initiatives include expanding AI capabilities, rolling out crypto trading, closing the Forge deal for private market capabilities, and enhancing banking services such as tax filing and lending options.

Future guidance remains optimistic with expectations of 17.5% to 18.5% total revenue growth for 2026, and continued focus on client asset consolidation and expanding wealth advisory services.

Management highlighted the importance of innovation and maintaining a strong platform, with investments in AI, trading, and lending expected to drive future growth and efficiency.

Full Transcript Jeff Edwards, Investor Relations Good morning, everyone, and welcome to Charles Schwab's 2026 Summer Business Update.

This is Jeff Edwards, and I'm joined this morning by our President and CEO, Rick Wurster, as well as our CFO, Mike Pradeshi.

Hopefully you all had an opportunity to review our second quarter earnings release that crossed the wire earlier today.

Similar to Aloha on the pitch this past Sunday, I don't think it's a stretch to frame Charles Schwab's strong results as trophy worthy.

Slides for today's business update will be posted to the IR website at the conclusion of today's prepared remarks.

As always, we ask that you please adhere to the one-question, no-follow-up policy during the Q&A portion of the program and do not hesitate to reach out to the IR team with any questions following today's update.

Lastly, a fan favorite of every deck, the Forward-Looking Statements page reminding us all that outcomes may differ from expectations.

So please stay up to date with our disclosures, and with that, I'll turn it over to Rick.

Rick Wurster — President and Chief Executive Officer, The Charles Schwab Corporation Thank you, Jeff, and good morning.

Thank you for joining our Summer Business Update.

We'll spend our time this morning sharing detail on our record performance and diving into the reason Charles Schwab is incredibly well positioned to deliver for stockholders and clients well into the future.

The financial services landscape is becoming increasingly driven by investing.

We occupy the trusted center of the investing ecosystem.

We're both leading today and uniquely positioned to win in the future.

There are several reasons for our confidence.

First, our record results speak for themselves.

Our through client size strategy continues to fuel growth on all fronts.

Second, Charles Schwab is the trusted industry leader today.

Our no trade-offs value proposition is unmatched in the industry as people increasingly consolidate their financial lives in one place and become even more engaged in investing.

Our unique combination of strengths puts us in the center of clients' financial lives.

Third, we are winning today and our best days are still ahead of us.

We have a clear strategy and we are innovating for clients at a rapid pace.

We are continuing to attract new clients, deepen client relationships, diversify our revenue, lower our cost to serve, and reinvest in our growth.

I'll share more today about the opportunities ahead of us.

Finally, our diversified financial model supports durable earnings growth across market cycles, and Mike will dive into this along with our outlook for the year.

In the second quarter of 2026, we delivered record results and growth on all fronts.

We're attracting new clients and assets with 1.4 million new brokerage accounts and $120 billion in core net new assets, up nearly 50% over last year.