SCHWAB CHARLES CORP Earnings Summary — Q1 2026

• Revenue reached $6.48 billion in Q1 2026, a 15.8% increase year-over-year.
• Net Interest Income (NII) remains a dominant driver, reaching $3.14 billion for the quarter.
• Transaction-based revenues showed steady growth, climbing to $2.85 billion.
• Operating income rose to $3.19 billion, reflecting strong operating leverage despite rising costs.
• Net income attributable to common shareholders grew to $2.40 billion, up significantly from $1.80 billion in the prior-year period.
• Effective tax rate was maintained at approximately 22% during the latest quarter.
• The total share count (Diluted) reduced to 1.75 billion, indicating active capital management via buybacks.
• Operating expenses remained stable despite the revenue growth, with SGA at $852 million.

Management remains focused on 'Through the Cycle' profitability and proactively managing 'cash sorting' impacts and interest rate sensitivities following the TD Ameritrade integration.

Improving

Revenue and net income growth are accelerating compared to the prior year, signaling a successful navigation of high-rate environments and stabilized asset flows.

The company expects to maintain high net income margins (structurally exceeding 30%) with continued asset gathering and capital stability as equity levels recover from 2022-2023 lows.