Charles Schwab Reports Record Q1 Results

Robust client engagement drives strong revenue and earnings growth

Apr. 16, 2026 at 11:38am

Got story updates? Submit your updates here. ›

An extreme close-up of intricate gears, levers, and machinery in a bank vault, conveying the tangible power and security of Schwab's financial infrastructure.Schwab's diversified financial model and focus on client engagement have driven record quarterly results, underscoring the firm's strength and resilience in an uncertain economic environment.Westlake Today

The Charles Schwab Corporation reported record first quarter net revenues of $6.5 billion, up 16% year-over-year, and record GAAP earnings per share of $1.37, up 38% versus Q1 2025. The strong performance was driven by continued client growth and deepening client relationships across Schwab's wealth, trading, and lending solutions.

Why it matters

Schwab's diversified business model and focus on client engagement have enabled the firm to deliver consistent growth and profitability through various market environments. The record results highlight Schwab's ability to capitalize on shifting client preferences and industry trends, reinforcing its position as a leading provider of financial services.

The details

Schwab added 1.3 million new brokerage accounts in Q1 2026 and saw $140 billion in core net new assets, the second highest monthly inflow on record. The firm's managed investing solutions, including Schwab Wealth Advisory, saw net flows grow 46% year-over-year, while bank loan balances expanded 29% to $60.9 billion. Trading revenue increased 20% versus Q1 2025 due to record client engagement.

  • Schwab reported Q1 2026 results on April 16, 2026.
  • The firm's Q1 2026 net revenues and earnings per share were both records, up 16% and 38% respectively versus Q1 2025.

The players

Got photos? Submit your photos here. ›

What they’re saying

“Schwab's strong business momentum continued into 2026 as investors opened 1.3 million new brokerage accounts and brought $140 billion of core net new assets to the firm during the first quarter.”

— Rick Wurster, President & CEO

“Schwab's diversified model delivered record results within an increasingly uncertain macroeconomic environment. Driven by robust client engagement across our wealth, trading, and lending solutions, total first quarter revenue increased 16% year-over-year to $6.5 billion.”

— Mike Verdeschi, CFO

What’s next

Schwab will host its Spring Business Update for institutional investors on April 16, 2026.

The takeaway

Schwab's ability to drive consistent growth and profitability through its diversified business model and focus on client engagement reinforces its position as a leading financial services provider. The firm's record Q1 results demonstrate its capacity to capitalize on industry trends and shifting client preferences.