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.
SCHWAB CHARLES CORP is 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
$7.36B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the SCHW page.
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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