Charles Schwab Q4 revenue slightly misses estimates

Charles Schwab

21/01/2026 12:39

Overview

Financial services provider's Q4 revenue slightly missed analyst expectations

Adjusted EPS for Q4 met analyst expectations

Company repurchased 29.2 mln shares for $2.7 bln during the quarter

Outlook

Company expects continued client engagement and diversified revenue growth in 2026

Charles Schwab anticipates closing Forge Global acquisition in first half of 2026

Result Drivers

CLIENT ASSET GROWTH - Total client assets increased 18% year-over-year to a record $11.90 trillion, driven by strong net new assets and market gains

MANAGED INVESTING INFLOWS - Net inflows into Managed Investing solutions grew by 36% versus 2024, reflecting increased client engagement

TRADING REVENUE - Trading revenue increased 22% versus 4Q24 due to continued strong engagement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$6.34 bln
$6.37 bln (11 Analysts)
Q4 Adjusted EPS
Meet
$1.39
$1.39 (16 Analysts)
Q4 EPS
$1.33
Q4 Net Income
$2.50 bln
Q4 Net Interest Margin
2.90%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Charles Schwab Corp is $120.00, about 18.8% above its January 20 closing price of $100.99

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw5gY837a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)