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AI English summary of an SEC filing — figures as filed

Charles Schwab logoCharles Schwab SCHW

The company said its net revenues for Q3 2026 rose 17% from a year earlier to $7,171 million, while GAAP net income came to $2.9 billion and diluted earnings per share were $1.62.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its net revenues for Q3 2026 rose 17% from a year earlier to $7,171 million, while GAAP net income came to $2.9 billion and diluted earnings per share were $1.62.

  2. The company said adjusted net income, which excludes pre-tax transaction-related costs of $151 million, was $3.0 billion, and adjusted earnings per share was $1.69, up 29% from a year earlier.

  3. Charles Schwab said core net new assets for the third quarter were $190.4 billion, up 38% from a year earlier. It opened 1.2 million new brokerage accounts, and annualized growth was 5.8%.

  4. The company said net interest margin widened quarter over quarter to 3.04% in the third quarter. It also repurchased 4.7 million shares of common stock for $0.5 billion in the same quarter.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Schwab Q3 net revenue $7,171 million, net income $2.9 billion

The company said its net revenues for Q3 2026 rose 17% from a year earlier to $7,171 million, while GAAP net income came to $2.9 billion and diluted earnings per share were $1.62.

Source · Based on the filing body and exhibits

Adjusted net income $3.0 billion, adjusted EPS $1.69

The company said adjusted net income, which excludes pre-tax transaction-related costs of $151 million, was $3.0 billion, and adjusted earnings per share was $1.69, up 29% from a year earlier.

Source · Based on the filing body and exhibits

Q3 core net new assets $190.4 billion

Charles Schwab said core net new assets for the third quarter were $190.4 billion, up 38% from a year earlier. It opened 1.2 million new brokerage accounts, and annualized growth was 5.8%.

Source · Based on the filing body and exhibits

Net interest margin 3.04%, buys back 4.7 million shares

The company said net interest margin widened quarter over quarter to 3.04% in the third quarter. It also repurchased 4.7 million shares of common stock for $0.5 billion in the same quarter.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.