Net Interest Revenue Surge
Net interest revenue increased 19% to $3,357 million in Q2 FY2026, driven by growth in margin and bank lending, lower average wholesale borrowings, and lower funding costs, despite lower yields on floating-rate assets.
At the archive date, SCHWAB CHARLES CORP was expected to release its Q3 2026 10-Q filing on October 14, 2026, before market open. Last quarter: Schwab delivered robust Q2 FY2026 earnings, with net income up 32% on record client assets of $13.1 trillion, fueled by lending growth and the launch of spot crypto trading.
EPS Estimate
$1.70
Revenue Estimate
$7.37B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the SCHW page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Net interest revenue increased 19% to $3,357 million in Q2 FY2026, driven by growth in margin and bank lending, lower average wholesale borrowings, and lower funding costs, despite lower yields on floating-rate assets.
Total client assets reached $13.08 trillion at quarter end, up 22% year-over-year, with core net new assets of $119.8 billion, a 49% increase, reflecting strong organic growth and market appreciation.
Schwab completed the acquisition of Forge, a private market platform, in March 2026, and began a phased rollout of spot crypto trading (Schwab Crypto™) in May 2026, expanding its investment offerings.
Revenue
$7.07B
+20.87% YoY
EPS (Diluted)
$1.54
+42.59% YoY
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