StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
1 min read
Charles Schwab Posts Record Revenue and Beats Q3 Earnings Estimates
Key Facts
1Charles Schwab's margin loan balances increased 14% quarter-over-quarter to $187.9 billion.
2Tax-aware strategies grew from approximately $2 billion in 2022 to $170 billion this year.
Charles Schwab reported record revenue of $7.17 billion for the third quarter, exceeding analyst expectations for earnings per share. Reuters reported that this financial performance coincided with a 14% quarter-over-quarter increase in margin loan balances, which reached $187.9 billion.
The firm's tax-aware investment strategies grew from $2 billion in 2022 to $170 billion in 2026, driven by demand from high-net-worth investors. Long/short strategies now account for $60.7 billion of total margin balances, supporting robust revenue streams within the wealth management division.