SCHWAB CHARLES CORP
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
SCHW$92.73+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Part I - Financial Information Condensed Consolidated Financial Statements (Unaudited): Statements of Income
Part I - FINANCIAL INFORMATION
Condensed Consolidated Statements of Income
(In Millions, Except Per Share Amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net Revenues | ||||
| Interest revenue | $4,473 | $3,956 | $12,581 | $11,500 |
| Interest expense | (997) | (906) | (2,604) | (2,922) |
| Net interest revenue | 3,476 | 3,050 | 9,977 | 8,578 |
| Asset management and administration fees | 1,913 | 1,673 | 5,497 | 4,773 |
| Trading revenue | 1,158 | 995 | 3,462 | 2,855 |
| Bank deposit account fees | 345 | 247 | 973 | 739 |
| Other | 279 | 170 | 816 | 640 |
| Total net revenues | 7,171 | 6,135 | 20,725 | 17,585 |
| Expenses Excluding Interest | ||||
| Compensation and benefits | 1,756 | 1,653 | 5,358 | 4,861 |
| Professional services | 325 | 293 | 935 | 853 |
| Occupancy and equipment | 316 | 280 | 902 | 824 |
| Advertising and market development | 114 | 101 | 326 | 305 |
| Communications | 172 | 149 | 533 | 478 |
| Depreciation and amortization | 196 | 212 | 595 | 644 |
| Amortization of acquired intangible assets | 141 | 127 | 415 | 385 |
| Regulatory fees and assessments | 73 | 59 | 211 | 225 |
| Other | 301 | 240 | 816 | 731 |
| Total expenses excluding interest | 3,394 | 3,114 | 10,091 | 9,306 |
| Income before taxes on income | 3,777 | 3,021 | 10,634 | 8,279 |
| Taxes on income | 871 | 663 | 2,449 | 1,886 |
| Net Income | 2,906 | 2,358 | 8,185 | 6,393 |
| Preferred stock dividends and other | 95 | 81 | 296 | 343 |
| Net Income Available to Common Stockholders | $2,811 | $2,277 | $7,889 | $6,050 |
| Weighted-Average Common Shares Outstanding: | ||||
| Basic | 1,728 | 1,806 | 1,736 | 1,815 |
| Diluted | 1,733 | 1,811 | 1,741 | 1,820 |
| Earnings Per Common Shares Outstanding (1): | ||||
| Basic | $1.63 | $1.26 | $4.54 | $3.33 |
| Diluted | $1.62 | $1.26 | $4.53 | $3.33 |
(1) For additional information on earnings per common shares outstanding for both voting and nonvoting common stock, see Notes 15 and 17.
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