WESTLAKE, Texas — Charles Schwab Corp. reported record trading activity in the second quarter of 2026, with daily average trades reaching a new high as the brokerage firm posted record quarterly revenue and earnings amid increased client engagement.
The company said daily average trading volume rose to 11.9 million trades during the quarter, up 57% from a year earlier, while trading revenue increased 28% year over year to $1.2 billion. Schwab attributed the increase to stronger client activity across its brokerage platform.
Schwab reported second-quarter net revenue of $7.1 billion, a record for the company and 21% higher than the same period a year earlier. Net income totaled $2.8 billion, or $1.54 per share on a generally accepted accounting principles basis. Adjusted earnings per share were $1.62, according to the company.
“We are pleased with the strong client engagement and financial results delivered during the second quarter,” Schwab President and Chief Executive Officer Rick Wurster said in the company’s earnings release. He cited record client asset growth, new account openings and trading activity as contributors to the quarter’s performance.
The company said investors opened 1.4 million new brokerage accounts during the quarter, bringing total client accounts to 48 million. Core net new assets reached $119.8 billion, while total client assets increased 22% year over year to $13.08 trillion.
The brokerage firm also reported growth in other areas of its business. Asset management and administration fees rose 16% from a year earlier to $1.8 billion, while margin loan balances increased to $165.1 billion at the end of the quarter, up 30% from the previous quarter.
Schwab’s results came during a period of heightened market activity, with investors increasing trading and portfolio adjustments. The company’s performance reflected broader strength in retail brokerage demand, although financial markets remained sensitive to economic and geopolitical developments.
The company also highlighted new product offerings during the quarter, including the launch of retail cryptocurrency trading services for bitcoin and ethereum, as well as new technology features designed to provide investors with portfolio analysis tools.
Schwab’s second-quarter report follows a period of strong growth in client activity, with the company continuing to focus on expanding its investment, advisory and trading services. The firm’s latest financial results were released on July 21, 2026.
