Schwab Q3 earnings showed record revenue and earnings as client assets, trading and lending expanded. Charles Schwab reported the results on October 15 for the three months ended September 30, separating the reporting date from the quarter covered.
Schwab Q3 earnings set revenue record
Net revenue increased 17% from $6.14 billion a year earlier. GAAP net income rose 23% from $2.36 billion, while diluted earnings per share increased 29% to $1.62. Adjusted EPS reached $1.69 after excluding $151 million of pre-tax transaction-related costs.
The original chart compares the company’s reported third-quarter revenue and GAAP net income for 2025 and 2026. It uses figures from Schwab’s October 15 release without estimates or market-price data.
New assets and trading lift Schwab Q3 earnings
Clients opened 1.2 million brokerage accounts during the quarter, bringing total client accounts to 48.6 million. Daily average trading volume reached 10.7 million, while trading revenue increased 16% to $1.2 billion.
Net interest margin widened to 3.04% from the prior quarter. Asset management and administration fees increased 14% to $1.9 billion, and bank loans rose 35% from a year earlier to $72.3 billion.
What investors should watch
Schwab’s results show stronger asset gathering and higher client activity, but expenses also increased 9% from a year earlier. The company repurchased $500 million of shares during the quarter and reported a preliminary consolidated Tier 1 leverage ratio of 8.9%.
The figures add to a busy bank-earnings cycle that included results from Regions Financial, Truist and PNC Financial. Full tables and non-GAAP reconciliations are available in Charles Schwab’s earnings release.
Elsy kanana
Elsy Kanana is a financial and cryptocurrency journalist at FusionMarketNews, covering digital assets, blockchain technology, financial markets, and emerging fintech trends. Her reporting focuses on market movements, regulatory developments, and on-chain analytics, delivering clear, data-driven insights to readers worldwide.
