Earnings Call
Oct 15, 2026
Q3 FY2026
EPS Estimate
1.65
EPS Actual
1.69
Post-Earnings Close
$94.16
Earnings Reaction
-2.7%
Schwab delivered a record third quarter with adjusted EPS of $1.69, up 29% year-over-year, and total net revenues of $7.2 billion, up 17% YoY, significantly outpacing the $1.65 EPS estimate and demonstrating the durability of its diversified financial model across a complex macro backdrop. The standout driver was net interest revenue growth of 14% to $3.5 billion, fueled by robust demand for secured lending products, margin balances reached $187.9 billion and bank loan balances grew 35% to $72.3 billion, alongside a 40% surge in bank deposit account fees as net yields improved. Asset management and administration fees hit a record $1.9 billion, up 14%, reflecting both equity market appreciation and strong organic adoption of wealth solutions, where managed investing net flows reached a quarterly record of $24 billion, up 22% YoY. The company attracted $190 billion in core net new assets, up 38% YoY, with
Report generated on Oct 15, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
Read the full SCHW analysis
The complete report, with key themes, analyst Q&A summary, notable quotes, and market context — is free with an account. No password, no card.