Schwab Q3 revenue up 17% to record $7.17B; GAAP EPS $1.62 (+29%), core net new assets $190.4B (+38%)

SCHWAB CHARLES CORP

Net revenues $7.171B (+17% YoY); GAAP net income $2.906B and EPS $1.62 (+29%); adjusted EPS $1.69 excluding $151M pre-tax transaction-related costs.
Core net new assets $190.4B, up 38% YoY; 1.2M new brokerage accounts opened; total client accounts 48.6M and total client assets $13.33T (+15%).
Margin loan balances $187.9B (+14% QoQ), including $60.7B for long/short strategies; bank loan balances $72.3B (+35% YoY); daily average trades 10.7M (+44%).
Pledged Asset Line balances $37.3B (+59% YoY); Schwab Wealth Advisory net flows +55%; Managed Investing Solutions net flows +22% vs 3Q25.
GAAP pre-tax profit margin 52.7% (adjusted 54.8%); annualized ROTCE 44%; launched AI assistant Charley, single stock futures on thinkorswim, and an Anthropic partnership.

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