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Sep 30, 2025
Charles Schwab Q3 2025 Earnings Report
Charles Schwab reported record revenue and earnings for Q3 2025.
Key Takeaways
Charles Schwab delivered a strong third quarter, driven by a 27% increase in net revenues and robust client growth. The company posted record EPS and continued to strengthen its balance sheet while repurchasing a significant amount of stock.
Net revenues reached $6.1 billion, up from $4.847 billion a year ago.
Net income grew to $2.4 billion, a 67% increase YoY.
Core net new assets totaled $137.5 billion in the quarter.
Over 1 million new brokerage accounts were opened for the fourth consecutive quarter.
Revenue by Segment
Forward Guidance
Schwab expects continued momentum from strong client engagement, favorable macroeconomic trends, and reduced funding costs, though it remains cautious about volatility and regulatory changes.
Positive Outlook
- Continued client asset inflows across both Investor and Advisor Services.
- Improved net interest margin from reduced high-cost funding.
- Strong trading volumes with client interest in derivatives.
- Growth in Managed Investing Solutions and advisory flows.
- Recognition for education and client service by Kiplinger and IBD.
Challenges Ahead
- Volatility in equity markets could impact asset balances.
- Decline in off-platform CDs affecting net new assets.
- Higher interest rates pose risk to some funding channels.
- Expense growth driven by hiring and platform investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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