Core Insights - Charles Schwab Corporation reported third-quarter adjusted earnings per share of $1.31, a 70% year-over-year increase, surpassing the analyst consensus estimate of $1.25 [1] - Quarterly sales reached $6.135 billion, reflecting a 27% year-over-year growth, exceeding the expected $6.009 billion [1] Financial Performance - The company experienced record revenue and earnings per share driven by strengthening organic growth trends and increasing adoption of wealth solutions [2] - Client transactional sweep cash increased by $13.5 billion compared to the second quarter, which contributed to a reduction in higher-cost bank funding by $12.9 billion, bringing it down to $14.8 billion at quarter-end [2] Analyst Ratings and Price Targets - Deutsche Bank analyst Brian Bedell maintained a Buy rating on Charles Schwab and raised the price target from $119 to $120 [5] - Keefe, Bruyette & Woods analyst Kyle Voigt also maintained an Outperform rating and increased the price target from $109 to $111 [5]

Charles Schwab reported record third quarter profits of $2.36% billion dollar riding that surge in retail investing. Revenue jumped 27% to 6.14% billion. That's also an all-time high.Schwab >> joining us right now for a look at what's ahead is Charles Schwab president and CEO Rick Worster. And Rick, thank you for coming into set to talk to us this morning. >> It's an honor to be here.Thanks for having me. >> You like when I do that. You said you >> I love when you do it because it's very hard to remember fi ...

Charles Schwab reported record third quarter profits of $2.36% billion dollar riding that surge in retail investing. Revenue jumped 27% to 6.14% billion. That's also an all-time high.Schwab >> joining us right now for a look at what's ahead is Charles Schwab president and CEO Rick Worster. And Rick, thank you for coming into set to talk to us this morning. >> It's an honor to be here.Thanks for having me. >> You like when I do that. You said you >> I love when you do it because it's very hard to remember fi ...

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 its most recent earnings results on Thursday, showing compelling growth and once again beating estimates. The outlook for the company remains positive, I believe, and its valuatio ...

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 its most recent earnings results on Thursday, showing compelling growth and once again beating estimates. The outlook for the company remains positive, I believe, and its valuatio ...

Core Insights - The third quarter earnings season has begun, with analysts expecting a 7.9% increase in earnings per share for S&P 500 companies, marking the ninth consecutive quarter of positive growth but a slowdown from the 12% growth in Q2 [1][2] Financial Institutions Performance - Major banks including JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock reported their quarterly results, with additional reports from Bank of America, Morgan Stanley, and others following [2][4] - Ally Financial reported earnings per share of $1.18, exceeding estimates of $0.96, with revenue of $2.17 billion surpassing expectations of $2.10 billion [7][8] - Truist's net income rose to $1.3 billion, or $1.04 per diluted share, beating analyst estimates of $0.99 per share, with noninterest income increasing 11% to $158 million [9][10] - Comerica's net interest income grew over 7% to $574 million, while noninterest income declined to $264 million due to slower capital markets activity [11][12] - Fifth Third reported net interest income of $1.52 billion, a 7% year-over-year increase, with earnings per share growing 17% to $0.91, surpassing estimates of $0.86 [14][15] - U.S. Bancorp reported net income of $2.00 billion, or $1.22 per share, beating estimates and achieving record revenue of $7.3 billion [22][23] - Charles Schwab's earnings were $1.26 per share, with record revenue of $6.13 billion, a 27% year-over-year increase [24][25] Technology Sector Insights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39% year-over-year profit surge in Q3 and raised its 2025 revenue outlook, anticipating mid-30% annual sales growth [27][28] - TSMC's revenue reached approximately $32.2 billion, exceeding estimates, with earnings per share of $2.92 also beating expectations [28][29] Other Notable Earnings Reports - Morgan Stanley's profits surged 45% in Q3, driven by a 44% increase in deal-making fees to $2.1 billion and a 24% rise in trading fees [36][37][38] - Citigroup's net income for Q3 was $3.8 billion, or $1.86 per diluted share, with total revenue growing 9% to $22.1 billion, driven by increased deal-making and trading activities [46][47]

Earnings Reports - Microsoft Corporation is set to release its first-quarter earnings on October 29, with analysts expecting earnings of $3.66 per share and revenue of $75.36 billion [1] - Goldman Sachs reported third-quarter net revenue of $15.18 billion, a 20% year-over-year increase, surpassing the consensus estimate of $14.10 billion. GAAP earnings were $12.25 per share, up from $8.40 a year ago and above the consensus of $10.86 [3] - Charles Schwab reported adjusted earnings per share of $1.31 for the third quarter, a 70% year-over-year increase, exceeding the analyst consensus estimate of $1.25. Quarterly sales reached $6.135 billion, a 27% year-over-year increase, surpassing the expected $6.009 billion [4] Stock Performance - Goldman Sachs shares fell 1.3% to close at $758.09 [7] - Microsoft shares declined 0.4% to close at $511.61 [7] - Charles Schwab shares decreased by 1% to close at $93.41 [7] - Toast, Inc. shares increased by 0.5% to settle at $37.40 [7]

Growing up, Charles R. Schwab says he did “everything” he could to make money after school and during the summers. He sold ice cream, mowed lawns and caddied at Santa Barbara’s Montecito Country Club, where he taught himself to golf, foreshadowing the meetings on the links in his future business career. On Thursday, “Chuck,” as he prefers to be called, earned a recreational round or two. The namesake brokerage firm he founded and co-chairs reported record quarterly revenue (up 27% year-over-year to $6.1 b ...

Executive Summary & Highlights [Third Quarter 2025 Performance Overview](index=1&type=section&id=3Q25%20Performance%20Overview) The Charles Schwab Corporation reported record revenue and earnings for the third quarter of 2025, driven by strong client asset growth, diversified revenue streams, and effective balance sheet management 3Q25 Key Financial Highlights (YoY Change) | Metric | 3Q25 Value | YoY Change | | :-------------------------- | :----------- | :--------- | | Net Income (GAAP) | $2.4 billion | +67% | | Net Income (Adjusted) | $2.5 billion | +61% | | Diluted EPS (GAAP) | $1.26 | +77% | | Diluted EPS (Adjusted) | $1.31 | +70% | | Net Revenues | $6.1 billion | +27% | | Core Net New Assets | $137.5 billion | +44% | - Client transactional sweep cash grew by **$13.5 billion** versus 2Q25, helping to reduce higher cost bank funding by **$12.9 billion to $14.8 billion** at quarter-end[1](index=1&type=chunk)[9](index=9&type=chunk) - During 3Q25, the company repurchased **28.9 million shares** for **$2.7 billion**, bringing year-to-date capital return across all forms to **$8.5 billion**[1](index=1&type=chunk)[9](index=9&type=chunk) [Client and Business Highlights](index=1&type=section&id=3Q25%20Client%20and%20Business%20Highlights) The company achieved record total client assets and strong organic growth in client accounts and managed investing solutions, alongside increased trading activity and industry recognition for trust and service - Total client assets increased **17%** year-over-year to a record **$11.59 trillion**[3](index=3&type=chunk) - Core net new assets of **$137.5 billion** brings year-to-date asset gathering to **$355.5 billion**, up **41%** year-over-year[3](index=3&type=chunk) - New brokerage account openings exceeded **1 million** for the 4th consecutive quarter, pushing active brokerage accounts to **38.0 million** and total client accounts to **45.7 million**[3](index=3&type=chunk) - Managed Investing Solutions net inflows grew **40%** versus 3Q24[3](index=3&type=chunk) - Daily average trading volume was **7.4 million**, up **30%** versus 3Q24[3](index=3&type=chunk) - Charles Schwab was named one of the most trusted financial services companies by Investor's Business Daily and recognized by Kiplinger as **1 in education and service** for 2025[3](index=3&type=chunk) [Financial Commentary](index=2&type=section&id=3Q25%20Financial%20Commentary) Third quarter 2025 saw significant year-over-year growth in net revenues, driven by expanded net interest margin, increased asset management fees, and robust trading activity - Quarterly net revenues grew year-over-year by **27%** to a record **$6.1 billion**[9](index=9&type=chunk) - Net interest margin expanded sequentially by **21 basis points** to **2.86%**[9](index=9&type=chunk) - Asset management and administration fees increased by **13%** year-over-year to **$1.7 billion**[9](index=9&type=chunk) - Trading revenue increased **25%** versus 3Q24 due to robust volumes and stronger client interest in derivatives[9](index=9&type=chunk) - GAAP expenses for the quarter increased **4%** year-over-year; adjusted total expenses were up **5%** relative to 3Q24[9](index=9&type=chunk) - Capital ratios remained strong, with preliminary consolidated Tier 1 Leverage at **9.7%** and adjusted Tier 1 Leverage at **7.3%**[9](index=9&type=chunk) Consolidated Financial Statements [Consolidated Statements of Income](index=4&type=section&id=THE%20CHARLES%20SCHWAB%20CORPORATION%20Consolidated%20Statements%20of%20Income) The consolidated statements of income show a substantial increase in net income and earnings per share for both the three and nine months ended September 30, 2025, primarily driven by higher net interest revenue and asset management fees, despite increased operating expenses Consolidated Statements of Income (3 Months Ended September 30) | Metric (in millions) | 2025 | 2024 | % Change | | :---------------------------------- | :----- | :----- | :------- | | Net Revenues | $6,135 | $4,847 | 27% | | Net Interest Revenue | $3,050 | $2,222 | 37% | | Asset Management and Administration Fees | $1,673 | $1,476 | 13% | | Trading Revenue | $995 | $797 | 25% | | Total Expenses Excluding Interest | $3,114 | $3,005 | 4% | | Net Income | $2,358 | $1,408 | 67% | | Diluted EPS | $1.26 | $0.71 | 77% | Consolidated Statements of Income (9 Months Ended September 30) | Metric (in millions) | 2025 | 2024 | % Change | | :---------------------------------- | :----- | :----- | :------- | | Net Revenues | $17,585 | $14,277 | 23% | | Net Interest Revenue | $8,578 | $6,613 | 30% | | Asset Management and Administration Fees | $4,773 | $4,207 | 13% | | Trading Revenue | $2,855 | $2,391 | 19% | | Total Expenses Excluding Interest | $9,306 | $8,890 | 5% | | Net Income | $6,393 | $4,102 | 56% | | Diluted EPS | $3.33 | $2.05 | 62% | [Financial and Operating Highlights](index=5&type=section&id=THE%20CHARLES%20SCHWAB%20CORPORATION%20Financial%20and%20Operating%20Highlights) This section provides a detailed breakdown of quarterly and year-over-year changes across various revenue and expense categories, performance measures, and financial condition metrics, illustrating the company's operational and financial trends Key Revenue Growth (Q3-25 vs Q3-24) | Revenue Category | % Change vs Q3-24 | % Change vs Q2-25 | | :-------------------------------- | :---------------- | :---------------- | | Net interest revenue | 37% | 8% | | Asset management and administration fees | 13% | 7% | | Trading revenue | 25% | 5% | | Bank deposit account fees | 63% | — | | Total net revenues | 27% | 5% | Key Expense Growth (Q3-25 vs Q3-24) | Expense Category | % Change vs Q3-24 | % Change vs Q2-25 | | :-------------------------------- | :---------------- | :---------------- | | Compensation and benefits | 9% | 8% | | Professional services | 14% | 1% | | Total expenses excluding interest | 4% | 2% | Financial Condition (at Q3-25 quarter end, in billions) | Asset/Liability | Value | % Change vs Q3-24 | % Change vs Q2-25 | | :-------------------------------- | :---- | :---------------- | :---------------- | | Total assets | $465.3 | — | 1% | | Available for sale securities | $62.3 | (31)% | (8)% | | Held to maturity securities | $136.7 | (9)% | (2)% | | Bank loans — net | $53.6 | 24% | 6% | | Bank deposits | $239.1 | (3)% | 3% | | Total liabilities | $415.9 | (1)% | 2% | | Stockholders' equity | $49.4 | 5% | — | - Clients' Daily Average Trades (DATs) were **7,421 thousand**, up **30%** versus 3Q24[16](index=16&type=chunk) Detailed Financial Information [Net Interest Revenue Information](index=6&type=section&id=THE%20CHARLES%20SCHWAB%20CORPORATION%20Net%20Interest%20Revenue%20Information) This section details the composition of net interest revenue, showing average balances, interest revenue/expense, and yield/rate for various interest-earning assets and funding sources Average Interest Earning Assets (3 Months Ended September 30) | Asset Category | 2025 Average Balance (millions) | 2025 Interest Revenue (millions) | 2025 Yield | 2024 Average Balance (millions) | 2024 Interest Revenue (millions) | 2024 Yield | | :-------------------------------- | :------------------------------ | :------------------------------- | :--------- | :------------------------------ | :------------------------------- | :--------- | | Cash and cash equivalents | $24,298 | $264 | 4.26% | $27,623 | $369 | 5.24% | | Receivables from brokerage clients | $90,121 | $1,490 | 6.47% | $73,102 | $1,431 | 7.66% | | Available for sale securities | $69,794 | $360 | 2.05% | $98,645 | $531 | 2.14% | | Held to maturity securities | $137,672 | $587 | 1.70% | $151,004 | $650 | 1.71% | | Bank loans | $51,849 | $557 | 4.27% | $42,653 | $484 | 4.52% | | Total interest earning assets | $419,780 | $3,956 | 3.71% | $419,247 | $3,928 | 3.69% | Average Funding Sources (3 Months Ended September 30) | Funding Source | 2025 Average Balance (millions) | 2025 Interest Expense (millions) | 2025 Rate | 2024 Average Balance (millions) | 2024 Interest Expense (millions) | 2024 Rate | | :-------------------------------- | :------------------------------ | :------------------------------- | :-------- | :------------------------------ | :------------------------------- | :-------- | | Bank deposits | $229,281 | $248 | 0.43% | $248,405 | $841 | 1.35% | | Federal Home Loan Bank borrowings | $7,103 | $79 | 4.35% | $22,621 | $310 | 5.38% | | Long-term debt | $20,204 | $207 | 4.01% | $22,446 | $208 | 3.71% | | Total interest bearing liabilities | $379,376 | $906 | 0.94% | $386,818 | $1,706 | 1.75% | - Net interest revenue for 3Q25 was **$3,050 million**, with a net interest margin of **2.86%**, up from **2.08%** in 3Q24[19](index=19&type=chunk) [Asset Management and Administration Fees Information](index=8&type=section&id=THE%20CHARLES%20SCHWAB%20CORPORATION%20Asset%20Management%20and%20Administration%20Fees%20Information) This section provides a breakdown of asset management and administration fees, categorized by product type, including proprietary and third-party funds, and managed investing solutions, along with their average client assets and fee rates Asset Management and Administration Fees (3 Months Ended September 30, 2025) | Category | Average Client Assets (millions) | Revenue (millions) | Average Fee Rate | | :------------------------------------------------ | :------------------------------- | :----------------- | :--------------- | | Schwab money market funds | $663,218 | $458 | 0.27% | | Schwab equity and bond funds, ETFs, and CTFs | $735,519 | $132 | 0.07% | | Mutual Fund OneSource and other no transaction fee funds | $443,660 | $259 | 0.23% | | Other third party mutual funds and ETFs | $618,032 | $97 | 0.06% | | Total mutual funds, ETFs, and CTFs | $2,460,429 | $946 | 0.15% | | Managed investing solutions (fee-based) | $654,220 | $619 | 0.38% | | Total asset management and administration fees | N/A | $1,673 | N/A | - Total asset management and administration fees increased to **$1,673 million** in 3Q25 from **$1,476 million** in 3Q24, a **13%** year-over-year increase[14](index=14&type=chunk)[22](index=22&type=chunk) [Growth in Client Assets and Accounts](index=9&type=section&id=THE%20CHARLES%20SCHWAB%20CORPORATION%20Growth%20in%20Client%20Assets%20and%20Accounts) This section details the growth and composition of client assets across various product categories and business segments, along with trends in new and total client accounts, highlighting strong organic growth and market appreciation Client Assets (at Quarter End, in billions) | Asset Category | Q3-25 | Q3-24 | % Change vs Q3-24 | | :-------------------------------- | :---- | :---- | :---------------- | | Total client assets | $11,593.9 | $9,920.5 | 17% | | Proprietary mutual funds and CTFs | $936.1 | $791.0 | 18% | | Total Mutual Fund Marketplace | $2,030.9 | $1,875.3 | 8% | | Total ETF assets | $2,871.7 | $2,274.1 | 26% | | Equity and other securities | $4,624.7 | $3,839.6 | 20% | Net Growth in Assets (for Q3-25, in billions) | Metric | Value | % Change vs Q3-24 | | :-------------------- | :---- | :---------------- | | Total net new assets | $134.4 | 48% | | Net market gains (losses) | $702.2 | N/A | | Net growth (decline) | $836.6 | N/A | Client Accounts (at Quarter End, in thousands) | Account Type | Q3-25 | Q3-24 | % Change vs Q3-24 | | :-------------------------- | :---- | :---- | :---------------- | | Active brokerage accounts | 37,963 | 35,982 | 6% | | Banking accounts | 2,150 | 1,954 | 10% | | Workplace Plan Participant Accounts | 5,619 | 5,388 | 4% | | New brokerage accounts (for Q3-25) | 1,143 | 972 | 18% | Monthly Activity Report [Market Indices and Client Assets](index=10&type=section&id=Market%20Indices%20and%20Client%20Assets) This section presents monthly trends for major market indices and client asset movements, including net new assets and market gains/losses, providing a granular view of asset flows and market impact Market Indices (at September 2025 month end) | Index | Sep 2025 | Sep 2024 | Mo. Change | Yr. Change | | :-------------------- | :------- | :------- | :--------- | :--------- | | Dow Jones Industrial Average | 46,398 | 42,330 | 2% | 10% | | Nasdaq Composite | 22,660 | 18,189 | 6% | 25% | | Standard & Poor's 500 | 6,688 | 5,762 | 4% | 16% | Client Assets (in billions of dollars, at month end) | Metric | Sep 2025 | Sep 2024 | Mo. Change | Yr. Change | | :-------------------- | :------- | :------- | :--------- | :--------- | | Beginning Client Assets | 11,228.1 | 9,737.7 | N/A | N/A | | Net New Assets | 45.4 | 30.3 | 5% | 50% | | Net Market Gains (Losses) | 320.4 | 152.5 | N/A | N/A | | Total Client Assets | 11,593.9 | 9,920.5 | 3% | 17% | | Core Net New Assets | 46.2 | 33.5 | 4% | 38% | [Client Accounts and Activity](index=10&type=section&id=Client%20Accounts%20and%20Activity) This section tracks monthly changes in client accounts, including active brokerage, banking, and workplace plan participant accounts, as well as new brokerage account openings and key client activity metrics like cash percentage and derivative trades Client Accounts (at September 2025 month end, in thousands) | Account Type | Sep 2025 | Sep 2024 | Mo. Change | Yr. Change | | :-------------------------- | :------- | :------- | :--------- | :--------- | | Active Brokerage Accounts | 37,963 | 35,982 | — | 6% | | Banking Accounts | 2,150 | 1,954 | 1% | 10% | | Workplace Plan Participant Accounts | 5,619 | 5,388 | — | 4% | Client Activity (September 2025) | Metric | Sep 2025 | Sep 2024 | Mo. Change (bp) | Yr. Change (bp) | | :------------------------------------ | :------- | :------- | :-------------- | :-------------- | | New Brokerage Accounts (thousands) | 384 | 321 | 1% | 20% | | Client Cash as a Percentage of Client Assets | 9.4% | 9.5% | (10) bp | (10) bp | | Derivative Trades as a Percentage of Total Trades | 22.3% | 21.5% | (20) bp | 80 bp | [Selected Average Balances and Net Buy/Sell Activity](index=10&type=section&id=Selected%20Average%20Balances%20and%20Net%20Buy%20%28Sell%29%20Activity) This section provides monthly average balances for interest-earning assets, margin balances, and bank deposit accounts, alongside net buy/sell activity for various investment products like equities, bonds, mutual funds, ETFs, and money market funds Selected Average Balances (September 2025, in millions of dollars) | Metric | Sep 2025 | Sep 2024 | Mo. Change | Yr. Change | | :------------------------------------ | :------- | :------- | :--------- | :--------- | | Average Interest Earning Assets | 423,629 | 420,203 | 2% | 1% | | Average Margin Balances | 94,609 | 72,755 | 5% | 30% | | Average Bank Deposit Account Balances | 79,308 | 82,336 | (1)% | (4)% | Net Buy (Sell) Activity (September 2025, in millions of dollars) | Product Type | Sep 2025 | Sep 2024 | | :-------------------------- | :------- | :------- | | Equities | 8,832 | 5,217 | | Hybrid | (452) | (432) | | Bonds | 12,502 | 11,015 | | Mutual Funds | (4,754) | (1,261) | | Exchange Traded Funds | 25,636 | 17,061 | | Money Market Funds | (517) | 9,672 | Non-GAAP Financial Measures [Explanation of Non-GAAP Measures](index=12&type=section&id=Explanation%20of%20Non-GAAP%20Measures) This section defines the non-GAAP financial measures used by Schwab, including adjustments for acquisition and integration-related costs, amortization of acquired intangibles, restructuring costs, return on tangible common equity, and adjusted Tier 1 Leverage Ratio, explaining their usefulness for investors and management - Schwab uses non-GAAP financial measures to provide useful supplemental information about financial performance, facilitate meaningful comparisons, and offer additional transparency of ongoing operations[29](index=29&type=chunk)[31](index=31&type=chunk) - Acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs are excluded from certain non-GAAP measures to better reflect ongoing business performance, as these costs fluctuate based on timing and are not indicative of underlying operating performance[31](index=31&type=chunk) - Return on tangible common equity is used as a supplemental measure to assess capital efficiency and returns, calculated as adjusted net income available to common stockholders as a percentage of average tangible common equity[31](index=31&type=chunk) - Adjusted Tier 1 Leverage Ratio, which includes accumulated other comprehensive income (AOCI), provides additional information on the company's capital position and is used in managing capital[31](index=31&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=13&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section provides detailed reconciliations of GAAP reported results to non-GAAP measures for key financial metrics such as total expenses, net income, pre-tax profit margin, diluted EPS, return on common stockholders' equity, and Tier 1 Leverage Ratio, showing the impact of various adjustments Reconciliation of GAAP to Adjusted Net Income (3 Months Ended September 30, in millions) | Metric | GAAP 2025 | Adjustments 2025 | Adjusted 2025 | GAAP 2024 | Adjustments 2024 | Adjusted 2024 | | :-------------------------------- | :-------- | :--------------- | :------------ | :-------- | :--------------- | :------------ | | Total expenses excluding interest | $3,114 | $(127) | $2,987 | $3,005 | $(153) | $2,852 | | Net income | $2,358 | $98 | $2,456 | $1,408 | $117 | $1,525 | Reconciliation of GAAP to Adjusted Diluted EPS (3 Months Ended September 30) | Metric | GAAP 2025 | Adjustments 2025 | Adjusted 2025 | GAAP 2024 | Adjustments 2024 | Adjusted 2024 | | :-------------------------------- | :-------- | :--------------- | :------------ | :-------- | :--------------- | :------------ | | Diluted EPS | $1.26 | $0.05 | $1.31 | $0.71 | $0.06 | $0.77 | Reconciliation of GAAP to Adjusted Capital Ratios (September 30, 2025) | Metric | CSC (Consolidated) | CSB (Bank) | | :------------------------------------ | :----------------- | :--------- | | Tier 1 Leverage Ratio (GAAP) | 9.7% | 12.4% | | Adjusted Tier 1 Leverage Ratio (non-GAAP) | 7.3% | 8.7% | Additional Information [Fall Business Update](index=2&type=section&id=Fall%20Business%20Update) The company announced it will host a Fall Business Update for institutional investors, providing details on the webcast access - The Charles Schwab Corporation will host its Fall Business Update for institutional investors on **October 16, 2025**, from **7:30 a.m. - 8:30 a.m. CT**[7](index=7&type=chunk) - Registration for the webcast is available at https://www.aboutschwab.com/schwabevents[8](index=8&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This section contains a standard disclaimer regarding forward-looking statements, noting that actual results may differ due to various risks and uncertainties described in SEC filings - The press release contains forward-looking statements regarding client adoption of wealth solutions, organic growth, capital ratios, and return of capital, which are subject to risks and uncertainties[10](index=10&type=chunk) - Important factors causing differences are described in the company's Form 10-K and 10-Q reports filed with the Securities and Exchange Commission[10](index=10&type=chunk) [About Charles Schwab](index=3&type=section&id=About%20Charles%20Schwab) The Charles Schwab Corporation is a leading financial services provider offering a comprehensive range of wealth management, brokerage, banking, and advisory services to individual investors and independent advisors, with significant client assets and accounts - The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, offering wealth management, securities brokerage, banking, asset management, custody, and financial advisory services[11](index=11&type=chunk) Key Client Metrics (as of September 30, 2025) | Metric | Value | | :----- | :---- | | Active brokerage accounts | 38.0 million | | Workplace plan participant accounts | 5.6 million | | Banking accounts | 2.2 million | | Total client assets | $11.59 trillion | [Contact Information](index=3&type=section&id=Contact%20Information) Contact details for media and investor relations are provided for inquiries - Media inquiries can be directed to Mayura Hooper at **415-667-1525** or public.relations@schwab.com[12](index=12&type=chunk) - Investors and analysts can contact Jeff Edwards at **817-854-6177** or investor.relations@schwab.com[12](index=12&type=chunk)

Core Insights - Charles Schwab Corp. reported third-quarter earnings and revenue that exceeded analyst expectations, driven by record client asset growth [1] - Earnings per share were $1.31, surpassing the consensus forecast of $1.23, while revenue increased by 27% year-over-year to $6.14 billion, exceeding expectations of $5.97 billion [1] Financial Performance - Core net new assets reached $137.5 billion during the quarter, marking a 44% increase from the previous year [2] - Total client assets grew 17% to an all-time high of $11.59 trillion [2] - The annualized return on average common equity was 21%, up from 14% in the prior-year period, while the annualized return on tangible common equity rose to 38% from 31% last year [2] Management Commentary - Management highlighted that the results reflect Schwab's ongoing success in expanding its client base and maintaining profitability in a dynamic rate environment [3]