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StocksMediumUpdated×2•Originally published 17 April 2026•Updated 17 April 2026•

1 min read

Charles Schwab Beats Estimates with Record Q1 Earnings and Revenue

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Key Facts

1Charles Schwab reported record quarterly revenue amid record trading activity, but missed analyst expectations.

about 2 months ago

Version History

1 additional source confirmed this story

Version 2about 2 months ago

What changed: Updated to reflect the stock's decline as a top S&P 500 loser after revenue missed analyst expectations despite reaching record levels.

Version 1about 2 months ago

What changed: Updated the story to reflect an earnings and revenue beat instead of the initial reported miss, incorporating specific metrics on asset growth and brokerage accounts.

Charles Schwab's stock led the S&P 500's decliners on Thursday despite reporting strong first-quarter growth. While the company achieved record revenue of $6.48 billion, a 16% year-over-year increase, the figure missed analyst expectations, weighing on investor sentiment. Adjusted earnings per share reached $1.43, surpassing the $1.39 estimate, fueled by unprecedented trading activity averaging 9.9 million trades daily. The company noted that clients are actively managing their money more than ever before, contributing to $140 billion in core net new assets. Total client assets climbed 19% to $11.77 trillion, though the revenue miss relative to forecasts remains a primary focus for market participants.