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AI brief of an SEC Form 8-K · Charles Schwab (SCHW)

Schwab Reports Record 2Q Revenue of $7.1 Billion; GAAP EPS Up 43% to $1.54

Positive Impact 3 of 5 earnings Written later

The Charles Schwab Corporation reported record second-quarter 2026 net revenues of $7.1 billion, up 21% from a year earlier, and GAAP diluted earnings per share of $1.54, up 43% from $1.08. Excluding $170 million of pre-tax transaction-related costs, adjusted EPS was $1.62. The results were released ahead of the company's Summer Business Update for institutional investors.

Key points

  • Net revenues rose 21% year-over-year to a record $7.1 billion; GAAP net income was $2.8 billion, up 32%.
  • GAAP diluted EPS was $1.54 versus $1.08 a year earlier; adjusted EPS was $1.62 versus $1.14.
  • Core net new assets totaled $119.8 billion for the quarter, and the company repurchased 11.2 million shares for $1.0 billion.
  • The company redeemed $2.1 billion of Series I Preferred Stock and issued $1.5 billion of Series L Preferred Stock during the quarter.

The filing

CompanyCharles Schwab (SCHW)
Form8-K, current report
Filed with the SECJul 21, 2026, 4:16 PM ET
Accession number0000316709-26-000027

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.