Charles Schwab (SCHW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - The Charles Schwab Corporation reported $6.34 billion in revenue for Q4 2025, marking an 18.9% year-over-year increase and a slight surprise of +0.1% over the Zacks Consensus Estimate of $6.33 billion [1] - Earnings per share (EPS) for the same period was $1.39, up from $1.01 a year ago, exceeding the consensus EPS estimate of $1.36 by +2.31% [1] Financial Performance Metrics - Total client assets reached $11,903 billion, surpassing the average estimate of $11,803.17 billion by analysts [4] - The net interest margin was reported at 2.9%, matching the average estimate [4] - Daily Average Trades (DATs) were 8.27 million, exceeding the average estimate of 7.79 million [4] - Average Interest Earning Assets stood at $431.14 billion, slightly below the estimated $437.45 billion [4] Revenue Breakdown - Net interest revenue was $3.17 billion, above the average estimate of $3.15 billion, reflecting a year-over-year increase of +25.3% [4] - Other net revenues were reported at $127 million, below the average estimate of $159.74 million, showing a year-over-year decline of -27.4% [4] - Bank deposit account fees totaled $238 million, slightly below the average estimate of $242.78 million, with a year-over-year change of -1.2% [4] - Asset management and administration fees reached $1.73 billion, exceeding the average estimate of $1.7 billion, with a year-over-year increase of +14.8% [4] - Trading revenue was reported at $1.07 billion, above the estimated $1.04 billion, reflecting a +22.1% change year-over-year [4] - Schwab money market funds generated $465 million, slightly above the average estimate of $462.49 million, with a year-over-year increase of +19.5% [4] - Asset management fees from equity and bond funds, ETFs, and CTFs were $140 million, slightly below the average estimate of $141.85 million, with a +12% year-over-year change [4] - Mutual Fund OneSource and other no-transaction-fee funds generated $267 million, close to the average estimate of $269.88 million, reflecting a +15.6% year-over-year change [4]