Earnings Call
Jul 21, 2026
Q2 FY2026
EPS Estimate
1.53
EPS Actual
1.62
Post-Earnings Close
$99.96
Earnings Reaction
-2.5%
Charles Schwab's Q2 2026 results were unambiguously strong, with the firm delivering record revenue of $7.1 billion, up 21% year-over-year, and adjusted EPS of $1.62, a 42% increase versus the prior-year period and a meaningful beat against the consensus estimate of $1.53. The adjusted pre-tax profit margin reached 54.3%, and operating leverage expanded dramatically: the updated full-year scenario now implies 800 basis points of positive operating leverage, double the 400 basis points management had projected at the start of the year. These are not incremental improvements, they reflect a business firing on multiple cylinders simultaneously.
Report generated on Jul 21, 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.