Filing Flows › Schwab Charles (SCHW) › Q1 2026
Schwab Charles (SCHW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Schwab Charles (SCHW) reported revenue of $6.5B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +2% from the quarter before. Operating margin was 49.2%, net earnings $2.5B (38.2% of revenue).
Schwab Charles, Q1 2026: revenue $6.5B (+16% year over year), operating margin 49.2%, net earnings $2.5B, operating cash flow $7.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5B | +2% | +16% |
| Operating profit | $3.2B | +0.3% | +30% |
| Net earnings | $2.5B | +0.8% | +30% |
| Operating cash flow | $7.3B | — | +15% |
| Free cash flow | $7.2B | — | +15% |
What changed
Revenue was $6.5B in Q1 2026, up 16% year over year and up 2% from the previous quarter. Investor Services was the largest line at 78% of revenue. Investor Services added $0.63B year over year (up 14%), 72% of the total change.
Operating profit was $3.2B, a 49.2% margin (up 5.3 points year over year). Of the extra revenue versus Q1 2025, 83% reached operating profit, above the 44% margin then. Total costs grew 5% against revenue growth of 16%. Net earnings were $2.5B, up 30% year over year. The effective tax rate was 22.2%.
Operating cash flow was $7.3B (up 15% year over year), 296% of net earnings. Non-cash charges added back $0.14B of share-based compensation. Working capital and other items added $4.7B. Capital expenditures of $0.14B left free cash flow of $7.2B.
Questions
What was Schwab Charles' revenue in the first quarter 2026?
Schwab Charles (SCHW) reported revenue of $6.5B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +2% from the quarter before.
Was Schwab Charles profitable in the first quarter 2026?
Operating profit was $3.2B (49.2% of revenue) and net earnings $2.5B.
Source: Schwab Charles 10-Q on SEC EDGAR.