Charles Schwab posts record Q3 revenue and assets but shares slide
Charles Schwab reported third‑quarter 2026 net revenue of $7.2 billion, up 17% year‑over‑year, and GAAP earnings per share of $1.62. The firm added $190.4 billion of core net new assets, a 38% increase, and opened 1.2 million new brokerage accounts. Despite the record results, the stock fell about 5% on the day of the release.
Why it matters
The company’s guidance for full‑year revenue and net‑interest‑margin growth was set at the lower end of prior ranges, prompting investors to reassess near‑term earnings expectations. The share‑price decline reflects market concern that the strong asset inflows may not translate into proportionate revenue growth.
Key facts
- 1Net revenue for Q3 2026 was $7.2 billion, up 17% YoY. stocktitan.net
- 2GAAP diluted EPS was $1.62. stocktitan.net
- 3Core net new assets totaled $190.4 billion, a 38% increase YoY. stocktitan.net
- 4New brokerage accounts opened in the quarter were 1.2 million. stocktitan.net
- 5Shares fell 4.99% to $91.97 after the release. rttnews.com
- 6Management guided full‑year revenue and net‑interest‑margin growth toward the lower end of previous guidance. tikr.com
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.