Financial Performance - Charles Schwab exceeded expectations for both earnings and revenue [1] Market Dynamics - Charles Schwab's shares reached a record high [1]

[2Q25 Earnings Release](index=1&type=section&id=2Q25%20Earnings%20Release) The Charles Schwab Corporation reported record Q2 2025 results, driven by significant revenue and EPS growth, strong client asset accumulation, and effective capital management [Performance Summary](index=1&type=section&id=Performance%20Summary) The Charles Schwab Corporation reported record results for the second quarter of 2025, driven by 25% year-over-year revenue growth. Key achievements include record quarterly GAAP EPS of $1.08 ($1.14 adjusted), a 31% increase in core net new assets to $80.3 billion, and total client assets reaching a new high of $10.76 trillion. The company also demonstrated effective balance sheet management by reducing higher-cost funding and returned $2.8 billion to stockholders through preferred equity redemption and common stock repurchases [Q2 2025 Key Performance Indicators](index=1&type=section&id=Q2%202025%20Key%20Performance%20Indicators) | Metric | Value | YoY Growth | Source | | :--- | :--- | :--- | :--- | | **Revenue** | $5.9 billion (Record) | 25% | President & CEO Rick Wurster | | **GAAP EPS** | $1.08 (Record) | 64% | The Charles Schwab Corporation | | **Adjusted EPS** | $1.14 (Record) | 56% | The Charles Schwab Corporation | | **Core Net New Assets (NNA)** | $80.3 billion | 31% | President & CEO Rick Wurster | | **Total Client Assets** | $10.76 trillion (Record) | 14% | The Charles Schwab Corporation | - **Client Growth:** Opened over **1.1 million** new brokerage accounts, an **11% increase YoY**, bringing total active brokerage accounts to **37.5 million**[1](index=1&type=chunk)[3](index=3&type=chunk)[9](index=9&type=chunk) - **Asset Gathering:** Year-to-date core net new assets reached **$218.0 billion**, up **39% YoY**[1](index=1&type=chunk)[3](index=3&type=chunk)[9](index=9&type=chunk) - **Trading Volume:** Daily average trading volume was robust at **7.6 million**, a **38% increase** compared to Q2 2024[1](index=1&type=chunk)[3](index=3&type=chunk)[9](index=9&type=chunk) - **Balance Sheet Management:** Reduced higher-cost bank supplemental funding by **$10.4 billion** during the quarter[1](index=1&type=chunk)[3](index=3&type=chunk)[9](index=9&type=chunk) - **Capital Return:** Returned approximately **$2.8 billion** to stockholders via **$2.5 billion** in preferred equity redemption and over **$350 million** in common stock repurchases[1](index=1&type=chunk)[3](index=3&type=chunk)[9](index=9&type=chunk) [Financial Highlights Summary (vs. Prior Year)](index=1&type=section&id=Financial%20Highlights%20Summary%20(vs.%20Prior%20Year)) | Financial Metric | Three Months Ended June 30, 2025 | YoY Change | Six Months Ended June 30, 2025 | YoY Change | | :--- | :--- | :--- | :--- | :--- | | **Net Revenues** | $5,851 million | 25% | $11,450 million | 21% | | **GAAP Net Income** | $2,126 million | 60% | $4,035 million | 50% | | **Adjusted Net Income** | $2,222 million | 52% | $4,230 million | 44% | | **GAAP Diluted EPS** | $1.08 | 64% | $2.07 | 54% | | **Adjusted Diluted EPS** | $1.14 | 56% | $2.17 | 48% | [Financial Results](index=4&type=section&id=Financial%20Results) The company's detailed financial statements show significant year-over-year growth in net revenues and net income for Q2 2025. Net revenues rose 25% to $5.9 billion, driven by a 31% increase in net interest revenue and a 14% rise in asset management fees. Total expenses saw a modest 4% increase, leading to a substantial expansion in the pre-tax profit margin to 47.9% from 37.2% in the prior year [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) The consolidated income statement for Q2 2025 shows substantial year-over-year growth in net revenues and net income, driven by increased interest and asset management fees [Q2 2025 Consolidated Statement of Income (in millions)](index=4&type=section&id=Q2%202025%20Consolidated%20Statement%20of%20Income%20(in%20millions)) | Line Item | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total net revenues** | **$5,851** | **$4,690** | **25%** | | Net interest revenue | $2,822 | $2,158 | 31% | | Asset management and administration fees | $1,570 | $1,383 | 14% | | Trading revenue | $952 | $777 | 23% | | **Total expenses excluding interest** | **$3,048** | **$2,943** | **4%** | | **Income before taxes on income** | **$2,803** | **$1,747** | **60%** | | **Net Income** | **$2,126** | **$1,332** | **60%** | | **Net Income Available to Common Stockholders** | **$1,977** | **$1,211** | **63%** | | **Diluted EPS** | **$1.08** | **$0.66** | **64%** | [Financial and Operating Highlights (Quarterly)](index=5&type=section&id=Financial%20and%20Operating%20Highlights%20(Quarterly)) Quarterly trends reveal consistent growth in net revenues, net income, and diluted EPS from Q2 2024 to Q2 2025, alongside stable total assets [Quarterly Performance Trends (Q2-24 to Q2-25)](index=5&type=section&id=Quarterly%20Performance%20Trends%20(Q2-24%20to%20Q2-25)) | Metric (in millions, except per share) | Q2 2025 | Q1 2025 | Q2 2024 | YoY Change | QoQ Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total net revenues** | $5,851 | $5,599 | $4,690 | 25% | 5% | | **Net interest revenue** | $2,822 | $2,706 | $2,158 | 31% | 4% | | **Total expenses excluding interest** | $3,048 | $3,144 | $2,943 | 4% | (3)% | | **Net Income** | $2,126 | $1,909 | $1,332 | 60% | 11% | | **Diluted EPS** | $1.08 | $0.99 | $0.66 | 64% | 9% | | **Total assets (billions)** | $458.9 | $462.9 | $449.7 | 2% | (1)% | [Net Interest Revenue Information](index=6&type=section&id=Net%20Interest%20Revenue%20Information) Net interest margin expanded significantly in Q2 2025 due to a notable reduction in interest expense on funding sources, despite a slight decrease in average yield on interest-earning assets - Net interest margin for Q2 2025 expanded to **2.65%**, up from **2.03%** in Q2 2024[9](index=9&type=chunk)[19](index=19&type=chunk) This was driven by a significant reduction in interest expense on funding sources, particularly a lower average rate paid on bank deposits (**0.55% vs. 1.31% YoY**) and Federal Home Loan Bank borrowings (**4.48% vs. 5.42% YoY**)[9](index=9&type=chunk)[19](index=19&type=chunk) [Net Interest Revenue Breakdown - Q2 2025 vs Q2 2024 (in millions)](index=6&type=section&id=Net%20Interest%20Revenue%20Breakdown%20-%20Q2%202025%20vs%20Q2%202024%20(in%20millions)) | Category | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Total Interest Revenue** | **$3,787** | **$3,817** | | Average Interest-Earning Assets | $422,729 | $418,968 | | Average Yield | 3.56% | 3.62% | | **Total Interest Expense** | **$965** | **$1,659** | | Average Interest-Bearing Liabilities | $384,748 | $388,751 | | Average Rate | 1.00% | 1.71% | | **Net Interest Revenue** | **$2,822** | **$2,158** | | **Net Interest Margin** | **2.65%** | **2.03%** | [Asset Management and Administration Fees Information](index=8&type=section&id=Asset%20Management%20and%20Administration%20Fees%20Information) Asset management and administration fees saw a 13.5% increase in Q2 2025, primarily driven by growth in Schwab money market funds and managed investing solutions [Asset Management & Administration Fees - Q2 2025 vs Q2 2024 (in millions)](index=8&type=section&id=Asset%20Management%20%26%20Administration%20Fees%20-%20Q2%202025%20vs%20Q2%202024%20(in%20millions)) | Category | Revenue Q2 2025 | Revenue Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Schwab money market funds | $442 | $357 | 23.8% | | Schwab equity and bond funds, ETFs, CTFs | $122 | $112 | 8.9% | | Mutual Fund OneSource® | $218 | $214 | 1.9% | | Managed investing solutions (Fee-based) | $589 | $510 | 15.5% | | **Total Fees** | **$1,570** | **$1,383** | **13.5%** | [Client Metrics and Business Growth](index=9&type=section&id=Client%20Metrics%20and%20Business%20Growth) Schwab demonstrated strong client growth in Q2 2025, with total client assets increasing 14% YoY to a record $10.76 trillion. The company attracted $73.6 billion in total net new assets for the quarter. Both the Investor Services and Advisor Services segments saw double-digit percentage growth in client assets compared to the prior year [Client Asset Growth (at quarter end, in billions)](index=9&type=section&id=Client%20Asset%20Growth%20(at%20quarter%20end,%20in%20billions)) | Asset Category | Q2 2025 | Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total client assets** | **$10,757.3** | **$9,407.5** | **14%** | | Investor Services | $6,069.9 | $5,317.5 | 14% | | Advisor Services | $4,687.4 | $4,090.0 | 15% | | Total mutual fund assets | $2,823.9 | $2,535.0 | 11% | | Total ETF assets | $2,615.3 | $2,088.2 | 25% | [Account and Net New Asset Growth (for the quarter ended)](index=9&type=section&id=Account%20and%20Net%20New%20Asset%20Growth%20(for%20the%20quarter%20ended)) | Metric | Q2 2025 | Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total net new assets (billions)** | **$73.6** | **$74.2** | **(1)%** | | Investor Services (billions) | $31.2 | $40.1 | (22)% | | Advisor Services (billions) | $42.4 | $34.1 | 24% | | **New brokerage accounts (thousands)** | **1,098** | **985** | **11%** | | Active brokerage accounts (thousands) | 37,476 | 35,612 | 5% | [Growth in Client Assets and Accounts](index=9&type=section&id=Growth%20in%20Client%20Assets%20and%20Accounts) Client assets and accounts demonstrated robust growth in Q2 2025, with significant increases in total client assets and new brokerage accounts across both Investor and Advisor Services - Client assets in proprietary money market funds grew **22% YoY** to **$653.5 billion**, and assets in proprietary ETFs grew **26% YoY** to **$439.7 billion**, indicating strong client demand for Schwab's own products[24](index=24&type=chunk) [Monthly Activity Report (June 2025)](index=10&type=section&id=Monthly%20Activity%20Report%20(June%202025)) June 2025 monthly activity highlights continued growth in total client assets and core net new assets, with strong client net buy activity in equities, bonds, and ETFs [June 2025 Monthly Highlights](index=10&type=section&id=June%202025%20Monthly%20Highlights) | Metric | June 2025 | MoM Change | YoY Change | | :--- | :--- | :--- | :--- | | **Total Client Assets (billions)** | $10,757.3 | 4% | 14% | | **Net New Assets (billions)** | $38.9 | 16% | 17% | | **Core Net New Assets (billions)** | $42.6 | 22% | 46% | | **New Brokerage Accounts (thousands)** | 323 | (4)% | 4% | [Client Net Buy/(Sell) Activity - June 2025 (in millions)](index=10&type=section&id=Client%20Net%20Buy%2F(Sell)%20Activity%20-%20June%202025%20(in%20millions)) | Asset Class | Net Activity | | :--- | :--- | | Equities | $8,987 | | Bonds | $6,050 | | Mutual Funds | ($5,351) | | Exchange Traded Funds (ETFs) | $19,350 | | Money Market Funds | $5,814 | [Non-GAAP Financial Measures](index=12&type=section&id=Non-GAAP%20Financial%20Measures) The company provides non-GAAP measures to offer additional transparency into its ongoing operations by excluding items like amortization of acquired intangibles ($128 million in Q2) and other acquisition or restructuring costs. Key non-GAAP metrics include an adjusted net income of $2.2 billion, an adjusted pre-tax profit margin of 50.1%, and a return on tangible common equity of 35%. The preliminary Adjusted Tier 1 Leverage Ratio, which includes the impact of AOCI, was 7.2% at quarter-end - The company uses non-GAAP measures to provide transparency into ongoing operations by excluding acquisition-related costs, amortization of acquired intangible assets, and restructuring costs[28](index=28&type=chunk)[30](index=30&type=chunk) These measures are used to evaluate operating performance and facilitate period-over-period comparisons[28](index=28&type=chunk)[30](index=30&type=chunk) [Reconciliation of GAAP to Non-GAAP Net Income (Q2 2025, in millions)](index=12&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Net%20Income%20(Q2%202025,%20in%20millions)) | Line Item | Amount | | :--- | :--- | | **Net income (GAAP)** | **$2,126** | | Amortization of acquired intangible assets | $128 | | Income tax effects | ($32) | | **Adjusted net income (non-GAAP)** | **$2,222** | [Reconciliation of GAAP to Non-GAAP Diluted EPS (Q2 2025)](index=12&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Diluted%20EPS%20(Q2%202025)) | Line Item | Amount | | :--- | :--- | | **Earnings per common share — diluted (GAAP)** | **$1.08** | | Amortization of acquired intangible assets | $0.07 | | Income tax effects | ($0.01) | | **Adjusted diluted EPS (non-GAAP)** | **$1.14** | [Key Non-GAAP Ratios (Q2 2025)](index=12&type=section&id=Key%20Non-GAAP%20Ratios%20(Q2%202025)) | Ratio | Value | | :--- | :--- | | **Return on tangible common equity (non-GAAP)** | **35%** | | **Adjusted Tier 1 Leverage Ratio (non-GAAP, Preliminary)** | **7.2%** | [Forward-Looking Statements and Company Information](index=3&type=section&id=Forward-Looking%20Statements%20and%20Company%20Information) This section contains standard disclaimers regarding forward-looking statements related to the company's revenue, scale, efficiency, and capital ratios, noting they are subject to risks and uncertainties. It also provides a general overview of The Charles Schwab Corporation as a leading financial services provider with $10.76 trillion in client assets, detailing its range of services across brokerage, banking, and asset management - The press release contains forward-looking statements regarding the company's revenue model, scale, efficiency, and capital ratios, which are subject to risks and uncertainties detailed in SEC filings (Form 10-K and 10-Q)[10](index=10&type=chunk) - The Charles Schwab Corporation is a leading provider of financial services with **37.5 million** active brokerage accounts, **5.6 million** workplace plan participant accounts, and **$10.76 trillion** in client assets[11](index=11&type=chunk)

Business Strategy - Charles Schwab 将现货比特币和 ETH 交易视为“增长”领域 [1] - Charles Schwab 将“很快”推出相关服务 [1]

Core Viewpoint - The Charles Schwab Corporation is presenting a strong earnings report and providing a strategic and financial update during the 2025 Summer Business Update Conference Call [2]. Group 1: Company Overview - The conference call is led by key executives including the Head of Investor Relations, the President and CEO, and the CFO [2]. - The event is taking place at the company's headquarters in Westlake, which is noted to be warm [2]. Group 2: Earnings and Financial Performance - The company has released a strong earnings report shortly before the conference call, indicating positive financial performance [2]. - The management team is eager to discuss the results and provide additional insights as the company moves into the latter half of the year [2]. Group 3: Conference Call Structure - The conference call includes a structured Q&A session, allowing each participant to ask one question without follow-ups to maximize engagement [3]. - Presentation materials will be made available on the Investor Relations website after the prepared remarks [3].

ICYMI:Charles Schwab to offer BTC & ETH trading@CharlesSchwab manages ~$10 trillion in client assets https://t.co/yaqfAokBOT ...

Well, we've we've our clients are invested in crypto today. In fact, our clients hold more than 20% of the exchange traded product crypto ET uh crypto in the uh in the entire industry. So, they're they're invested.It's still only about 25 billion out of the 108 trillion that our clients have. So, it's still relatively small, but we our clients own a big part of the market. We also anticipate launching Bitcoin and Ether uh sometime soon so that our clients have access to that and and we think that'll be an a ...

Company Strategy - Charles Schwab 将推出加密货币交易服务 [1] - 允许用户自行交易和保管资产 [1]

Take a look at shares of Charles Schwab on the move today. Retreating a bit, but they did hit all-time highs earlier this morning following a beat on the top and bottom lines and still up almost 2%. The company pointing to accelerating asset growth and expanding its digital offerings with plans to launch spot Bitcoin trading.We've got a lot to talk about now in the CNBC exclusive with Charles Schwab CEO Rick Worster. Rick, welcome back. It's good to have you Sarah. Nice to see you.So, so double-digit growth ...

At Cash Flow Club , we focus on businesses with strong cash generation, ideally with a wide moat and significant durability. When these companies are bought at the right time, that can be highly rewarding for us. If you are interested in joining our community, start right here !The Charles Schwab Corporation (NYSE: SCHW ) reported strong earnings results on Friday, which made its shares rise higher. The company has delivered an appealing performance over the last year, both operationally and when it comes t ...

Group 1 - Charles Schwab Corp (NYSE:SCHW) is trading at record highs, up 4.6% at $97.50 following better-than-expected second-quarter results [1] - Earnings per share were $1.14, exceeding estimates of $1.09, while revenue reached a record $5.85 billion, surpassing estimates of $5.73 billion [1] - The company opened over 1 million new brokerage accounts this quarter, gathering $80.3 billion in new core assets [1] Group 2 - SCHW has seen a 31% year-to-date increase, supported by the 40-day moving average [2] - Options trading activity is high, with 21,000 calls and 13,000 puts exchanged, which is 8 times the typical volume [2] - The most popular options contract is the July 95 put, with new positions being bought to open [2] Group 3 - The stock has a Schaeffer's Volatility Scorecard (SVS) of 84 out of 100, indicating it has tended to outperform volatility expectations [3]