Charles Schwab Q3 revenue up 17%, slightly misses estimates

The Charles Schwab

15/10/2026 12:38

Overview
US financial services firm's Q3 revenue rose 17% yr/yr, slightly missing analyst expectations
Adjusted EPS for Q3 rose 29% and beat analyst expectations
Company repurchased $0.5 bln in stock during the quarter

Outlook
Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers
CLIENT ASSET GROWTH - Schwab said record net new assets of $190.4 bln and 1.2 mln new brokerage accounts drove results
CLIENT ENGAGEMENT - Co attributed deeper client engagement and increased use of wealth and asset management solutions to revenue growth
TRADING ACTIVITY - Higher trading volumes contributed to revenue, with daily average trading volume up 44% yr/yr

Company press release: ID:nBw6d6dJma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$7.17 bln
$7.19 bln (16 Analysts)
Q3 Adjusted EPS
Beat
$1.69
$1.66 (21 Analysts)
Q3 EPS
 
$1.62
 
Q3 Net Income
 
$2.9 bln
 
Q3 Net Interest Margin 
 
3.04%
 
*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 20 "strong buy" or "buy", 4 "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 The Charles Schwab Corporation is $122.00, about 26% above its October 14 closing price of $96.80
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Oct 14 - US banks post solid third-quarter loan growth, but face more competition for deposits
Oct 14 - BlackRock draws $205 billion in client funds as quarterly profit beats estimates
Oct 14 - BofA misses profit estimates on trading weakness, books $1.2 billion charge

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