On October 15, 2026, The Charles Schwab Corporation announced its financial results for the third quarter of 2026, highlighting a record performance in both earnings and asset growth. The results underscore Schwab's robust position in the security brokers and dealers industry, showcasing its ability to attract new clients and assets.
For the quarter ending September 30, 2026, Schwab reported net income of $2.9 billion, translating to earnings per share of $1.62. When excluding pre-tax transaction-related costs, adjusted net income reached $3.0 billion, with adjusted earnings per share of $1.69. The company's revenues for the quarter hit a record $7.2 billion, marking a 17% increase year-over-year.
Schwab's press release emphasized the significant inflow of new assets, reporting a record quarterly core net new assets of $190.4 billion, which represents a 38% increase compared to the same quarter last year. The company also noted that 1.2 million new brokerage accounts were opened during the quarter, contributing to an annualized growth rate of 5.8% in core net new assets.
According to the filing, Schwab's President and CEO, Rick Wurster, stated, “During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs.”
Founded in 1986 and based in Westlake, Texas, The Charles Schwab Corporation operates in the security brokers, dealers, and flotation companies sector (SIC 6211). The company is publicly traded on the New York Stock Exchange under the ticker symbols SCHW, SCHW-PD, and SCHW-PJ.
This filing, accession number 0000316709-26-000035, indicates that Schwab is well-positioned to maintain its competitive edge in the financial services industry. The impressive results may prompt competitors to reassess their strategies to keep pace with Schwab's growth.
Looking ahead, the filing does not specify what actions Schwab will take following this announcement, but the strong performance suggests a focus on continued growth and client acquisition in the coming quarters.