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

Schwab Q3 revenue rises 17% to record $7.2 billion; GAAP EPS up 29% to $1.62

Positive Impact 3 of 5 earnings Written later

The Charles Schwab Corporation reported third-quarter 2026 results for the quarter ended September 30, 2026, in an 8-K furnishing its earnings press release as Exhibit 99.1. Net revenues rose 17% year-over-year to a record $7.2 billion, and GAAP diluted earnings per share rose 29% to $1.62 from $1.26. The results show growth in both revenue and profit, while GAAP results include $151 million of pre-tax transaction-related costs that the company excluded from its adjusted figures.

Key points

  • Net income was $2.9 billion for the quarter, up 23% from $2.4 billion a year earlier; adjusted diluted EPS was $1.69.
  • Core net new assets were $190.4 billion, up 38% versus the third quarter of 2025.
  • Pre-tax transaction-related costs totaled $151 million; the company also hosted a Fall Business Update for institutional investors on October 15, 2026.

The filing

CompanyCharles Schwab (SCHW)
Form8-K, current report
Filed with the SECOct 15, 2026, 4:18 PM ET
Accession number0000316709-26-000035

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 October 15, 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.