Financial services giant Charles Schwab (NYSE: SCHW) met Wall Street’s revenue expectations in Q3 2026, with sales up 16.9% year on year to $7.17 billion. Its non-GAAP profit of $1.69 per share was 2.1% above analysts’ consensus estimates.
Is now the time to buy Charles Schwab? Find out by accessing our full research report, it’s free.
Charles Schwab (SCHW) Q3 2026 Highlights:
- Revenue: $7.17 billion vs analyst estimates of $7.18 billion (16.9% year-on-year growth, in line)
- Pre-tax Profit: $3.78 billion (52.7% margin)
- Adjusted EPS: $1.69 vs analyst estimates of $1.66 (2.1% beat)
- Market Capitalization: $167.4 billion
“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs.” President & CEO Rick Wurster
Company Overview
Founded in 1971 as a disruptive force challenging Wall Street's high fees and limited access, Charles Schwab (NYSE: SCHW) is a wealth management and brokerage firm that provides investment services, banking, and financial advice to individual investors and independent advisors.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, Charles Schwab grew its revenue at a decent 8.5% compounded annual growth rate. Its growth was slightly above the average financials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Charles Schwab’s annualized revenue growth of 20.2% over the last two years is above its five-year trend, suggesting its demand recently accelerated. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Charles Schwab’s year-on-year revenue growth was 16.9%, and its $7.17 billion of revenue was in line with Wall Street’s estimates.
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
Key Takeaways from Charles Schwab’s Q3 Results
It was good to see Charles Schwab beat analysts’ EPS expectations this quarter. Zooming out, we think this was a mixed quarter. Investors were likely hoping for more, and shares traded down 1.6% to $95.27 immediately after reporting.
Should you buy the stock or not? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
