Filing Flows › Schwab Charles (SCHW) › Q3 2026
Schwab Charles (SCHW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Schwab Charles (SCHW) reported revenue of $7.2B for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before. Operating margin was 52.7%, net earnings $2.9B (40.5% of revenue).
Schwab Charles, Q3 2026: revenue $7.2B (+17% year over year), operating margin 52.7%, net earnings $2.9B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2B | +1% | +17% |
| Operating profit | $3.8B | +3% | +25% |
| Net earnings | $2.9B | +4% | +23% |
| Operating cash flow | $1.6B | -62% | +200% |
| Free cash flow | $1.3B | -68% | +231% |
What changed
Revenue was $7.2B in Q3 2026, up 17% year over year and up 1% from the previous quarter. Investor Services was the largest line at 79% of revenue. Investor Services added $0.76B year over year (up 16%), 73% of the total change.
Operating profit was $3.8B, a 52.7% margin (up 3.4 points year over year). Of the extra revenue versus Q3 2025, 73% reached operating profit, above the 49% margin then. Total costs grew 9% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $2.9B, up 23% year over year. The effective tax rate was 23.1%.
Operating cash flow was $1.6B (up 200% year over year), 56% of net earnings. Non-cash charges added back $0.07B of share-based compensation. Working capital and other items used $1.4B. Capital expenditures of $0.31B left free cash flow of $1.3B.
Questions
What was Schwab Charles' revenue in the third quarter 2026?
Schwab Charles (SCHW) reported revenue of $7.2B for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before.
Was Schwab Charles profitable in the third quarter 2026?
Operating profit was $3.8B (52.7% of revenue) and net earnings $2.9B.
Source: Schwab Charles 10-Q on SEC EDGAR.