Filing Flows › Schwab Charles (SCHW) › Q2 2026
Schwab Charles (SCHW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Schwab Charles (SCHW) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +21% from a year earlier and +9% from the quarter before. Operating margin was 51.9%, net earnings $2.8B (39.6% of revenue).
Schwab Charles, Q2 2026: revenue $7.1B (+21% year over year), operating margin 51.9%, net earnings $2.8B, operating cash flow $4.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +9% | +21% |
| Operating profit | $3.7B | +15% | +31% |
| Net earnings | $2.8B | +13% | +32% |
| Operating cash flow | $4.3B | -41% | +35% |
| Free cash flow | $4.1B | -43% | +35% |
What changed
Revenue was $7.1B in Q2 2026, up 21% year over year and up 9% from the previous quarter. Investor Services was the largest line at 78% of revenue. Investor Services added $0.89B year over year (up 19%), 73% of the total change.
Operating profit was $3.7B, a 51.9% margin (up 4.0 points year over year). Of the extra revenue versus Q2 2025, 71% reached operating profit, above the 48% margin then. Total costs grew 12% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $2.8B, up 32% year over year. The effective tax rate was 23.7%.
Operating cash flow was $4.3B (up 35% year over year), 154% of net earnings. Non-cash charges added back $0.09B of share-based compensation. Working capital and other items added $1.4B. Capital expenditures of $0.18B left free cash flow of $4.1B.
Questions
What was Schwab Charles' revenue in the second quarter 2026?
Schwab Charles (SCHW) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +21% from a year earlier and +9% from the quarter before.
Was Schwab Charles profitable in the second quarter 2026?
Operating profit was $3.7B (51.9% of revenue) and net earnings $2.8B.
Source: Schwab Charles 10-Q on SEC EDGAR.