---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-24-000041"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:10:52.544984+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Schwab Q1 GAAP EPS $0.68, adjusted $0.74; core net new assets $96B; record client assets $9.1T

## Summary
- Net revenues $4.74B, down 7% YoY but up 6% sequentially; GAAP net income $1.36B ($0.68 EPS); adjusted net income $1.47B ($0.74 EPS).
- Core net new assets $96B in 1Q24, including $45B in March; total client assets record $9.1T, up 20% YoY.
- GAAP pre-tax margin 37.9%; adjusted 40.9%, expanding ~500 bps from 4Q23.
- Asset management and administration fees record $1.3B, up 21% YoY.
- Supplemental funding decreased $8.8B to $70.8B; net interest margin 2.02%, up 13 bps sequentially.

## SEC filing metadata
- accession: 0000316709-24-000041
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670924000041/0000316709-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670924000041/schw-20240415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-24-000041
- JSON: https://secwatch.observer/filing/0000316709-24-000041.json
- Plain text: https://secwatch.observer/filing/0000316709-24-000041.txt

## Key facts
- Earnings Releases
  SCHWAB CHARLES CORP reported the quarter ended March 31, 2024 results: revenue $4.7 billion, net income $1.4 billion, or $.68 diluted earnings per common share, EPS $.68 diluted earnings per common share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $4.7 billion
  - Net income: $1.4 billion, or $.68 diluted earnings per common share
  - EPS: $.68 diluted earnings per common share
  - Result: reported results
  source text: The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000031670924000041/0000316709-24-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.