Charles Schwab Corp.
SCHW
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+ FollowMarket Cap$171.58B
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Earnings Call Q2 2026
July 21, 2026 - AI Summary
Record Q2 performance (strong upside momentum): Schwab posted $7.1B total revenue (+21% YoY) and record adjusted EPS of $1.62 (+42% YoY). Key drivers included net interest revenue +19% YoY, asset management/admin fees +16% YoY to $1.8B, and trading revenue +28% YoY to $1.2B, helped by 11.9M daily average trades (+28% YoY). Management emphasized this is evidence of durable operating leverage and client engagement.
Client growth & mix improvement (core demand signal): 1.4M new brokerage accounts and $120B core net new assets (~+50% YoY). Depth of relationships improved: managed investing net flows increased to 53% of flows (up vs. prior year), bank lending balances reached $67B (+33% YoY), and they highlighted a convergence toward consolidated “one-stop” financial lives (convenience bull market for investing + banking). They repeatedly framed NNA staying ≥5% long-term as the key expectation.
Trading strength viewed as partly structural (but still cyclical): Engagement was exceptionally high (12M-class daily trades) and management expects it to be sustainable based on: (1) broader participation from commission-free era, (2) greater familiarity with options, (3) rule change effects, and (4) AI-driven research/trading workflows. They also said IPO-driven enthusiasm (e.g., SpaceX) did not meaningfully boost NNA for Schwab—more a reflection of broad market/client interest.
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$66.43
31.4% downside
Current Fair Value
31.4% downsideOvervalued by 31.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $171.58 Billion |
|---|---|
| Enterprise Value | $171.64 Billion |
| Dividend Yield | $1.23 (1.27%) |
| Earnings per Share | $4.68 |
| Beta | 0.78 |
| Outstanding Shares | 1,735,000,000 |
Return
| Return on Equity | 326.41% |
|---|---|
| Return on Assets | 260.07% |
| Return on Invested Capital | 346.27% |
Valuation & Multiples
| P/E Ratio | 17.52 |
|---|---|
| PEG | 55.26 |
| Price to Sales | 5.38 |
| Price to Book Ratio | 96.8 |
| Enterprise Value to Revenue | 5.47 |
| Enterprise Value to EBIT | 13.14 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.11 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 21, 2026
EPS Estimate
$1.56
Average shareholder expectationRevenue Estimate
$6.90 B
Average shareholder expectationNext Earnings Call
Expected Date
October 15, 2026
EPS Estimate
$1.65
Average shareholder expectationRevenue Estimate
$7.18 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 113.73% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.23%▼ 82.84% |
|---|---|
| Total Invested | $391.72M▼ 99.71% |
| Investors Holding | 109▼ 2303.00% |
ESG Score
No data
About Charles Schwab Corp.
2,020 employees
CEO: Walter Bettinger The Charles Schwab Corporation, along with its affiliated entities, delivers a broad spectrum of financial services. These offerings include client wealth management, securities brokerage, banking solutions, investment oversight, asset c...