Charles Schwab ($SCHW) reported record first-quarter profit on April 16, 2026, driven by strong client growth and elevated trading activity during a volatile market environment. The brokerage posted $6.48 billion in revenue, up 16% year-over-year, as investors increased portfolio activity amid geopolitical tensions and shifting market conditions.
- Net income rose to $2.48 billion, or $1.37 per share, compared to $1.91 billion, or $0.99 per share, a year earlier.
- Daily average trading volume increased 34% year-over-year to a record 9.9 million trades.
- Trading revenue climbed 20%, supported by heightened client engagement.
- Schwab added 1.3 million new brokerage accounts during the quarter.
- Clients brought in $140 billion in net new assets in Q1 2026.
- Total quarterly revenue reached a record $6.48 billion, up 16% year-over-year.
- Market volatility during the quarter was influenced by geopolitical tensions and macroeconomic concerns.
Relevant Companies
- Charles Schwab ($SCHW) – Reported record earnings and trading activity driven by increased client engagement and market volatility.
Editor’s Note: This is a developing story. This article may be updated as more detail
