How did Schwab's revenue perform in Q1 2026 compared to Q1 2025?

Schwab's total net revenues increased by 16% year-over-year to $6.5 billion in the first quarter of 2026. This growth was primarily fueled by a 16% increase in net interest revenue to $3.1 billion and a 15% rise in asset management and administration fees to $1.8 billion.

What is the impact of the Forge Global Holdings acquisition on Schwab's financial statements?

The acquisition of Forge Global Holdings, Inc. for $636 million was completed on March 2, 2026. Its financial results are included in Schwab's consolidated statements from that date. The acquisition is expected to enhance Schwab's ability to offer private company investment capabilities to its clients. Goodwill of $347 million was recorded as part of this acquisition.

How is Schwab expanding its digital asset offerings?

Schwab announced plans to offer cryptocurrency trading to retail clients through a phased rollout, allowing direct access to Bitcoin and Ethereum trading. Charles Schwab Premier Bank, SSB will serve as the custodian for these digital assets, partnering with Paxos Trust Company, NA for sub-custody and trade execution services.

What is Schwab's capital position as of March 31, 2026?

Schwab maintained a strong capital position. The consolidated Tier 1 Leverage Ratio was 8.9% at March 31, 2026, slightly down from 9.3% at year-end 2025, due to returns of capital. The adjusted Tier 1 Leverage Ratio was 6.8%, within the company's long-term operating objective range of 6.75% to 7.00%.

SCHW 10-Q Quarterly Report Q1 FY2026 — Revenue, Net Income, EPS

Summary

The Charles Schwab Corporation (SCHW) reported robust financial performance for the first quarter of 2026, showcasing significant year-over-year growth in key metrics. Total net revenues increased by 16% to $6.5 billion, driven by a strong rebound in net interest revenue, which grew 16% to $3.1 billion, and a 15% increase in asset management and administration fees to $1.8 billion. This revenue growth, coupled with disciplined expense management showing a 5% increase in expenses excluding interest, led to a substantial 30% rise in net income, reaching $2.5 billion, and a corresponding 33% increase in net income available to common stockholders to $2.4 billion. Diluted earnings per share (EPS) also saw a significant jump of 38% to $1.37. Client engagement remained high, with total client assets reaching $11.77 trillion, a 19% increase year-over-year. Core net new client assets grew by 2% to $140.0 billion, and new brokerage accounts increased by 10% to 1.3 million. The company also made strategic advancements, notably the completion of the Forge Global Holdings, Inc. acquisition, enhancing its private market capabilities, and the planned rollout of cryptocurrency trading for retail clients. These factors, combined with solid capital ratios and a raised dividend, position Schwab favorably for continued growth.

Key Highlights

1Total net revenues surged 16% year-over-year to $6.5 billion, driven by strong performance across revenue streams.
2Net income available to common stockholders increased by 33% to $2.4 billion, with diluted EPS rising 38% to $1.37.
3Client assets under management grew by 19% year-over-year to $11.77 trillion, indicating strong client asset gathering.
4Acquisition of Forge Global Holdings, Inc. completed, strengthening private market investment capabilities.
5Introduction of cryptocurrency trading for retail clients planned, expanding digital asset offerings.
6Total expenses excluding interest increased by a controlled 5% year-over-year, reflecting efficient operations.
7The company repurchased $2.4 billion of common stock and increased its common dividend by 19% to $0.32 per share.

SCHWAB CHARLES CORP Quarterly Report for Q1 Ended Mar 31, 2026

Summary

Key Highlights

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