Charles Schwab Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Charles Schwab Corp (SCHW). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Investor Services | $4.45B 79.4% | $4.64B 79.2% | $5.08B 78.3% | $5.53B 78.2% |
| Advisor Services | $1.15B 20.6% | $1.22B 20.8% | $1.41B 21.7% | $1.54B 21.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Total client assets | $10.76T | $11.59T | $11.77T | $13.08T +21.6% |
| Average client assets | $10.11T | $11.15T | $12.05T | $12.72T +25.9% |
| Assets receiving ongoing advisory services | $5.43T | $5.81T | $6.04T | $6.67T +23.0% |
| Core net new client assets | $80.30B | $137.50B | $140.00B | $119.80B +49.2% |
| Net new client assets | $73.60B | $134.40B | $139.90B | $118.70B +61.3% |
| Active brokerage accounts | 37.5M | 38.0M | 39.1M | 39.8M +6.2% |
| Daily average trades (DATs) | 7.6M | 7.4M | 9.9M | 11.9M +57.4% |
| New brokerage accounts | 1.1M | 1.1M | 1.3M | 1.4M +26.4% |
| Full-time equivalent employees | 32,600 | 32,700 | 33,500 | 33,700 +3.4% |
| Number of trading days | 62 | 64 | 61 | 62 +0.0% |
| Client cash as a percentage of client assets | 9.9% | 9.4% | 9.9% | 9.0% -9.1% |
| Revenue per trade | $2 | $2 | $2 | $2 -19.2% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.