Free · no account · quoted from the filing

What changed in SCHW's 10-Q

Source: 10-Q filed 2026-05-08 · compared against 10-Q 2025-11-07. Every passage below is quoted verbatim from the filing itself.

Growth and Revenue

This filing

Total net revenues rose 16% year-over-year to $6.5 billion in the first quarter of 2026.

Strategic Expansion

This filing

Schwab completed its acquisition of Forge Global Holdings, Inc. (Forge), an operator of a leading private market platform and trading marketplace

Capital and Leverage

This filing

Consolidated Tier 1 Leverage Ratio (at quarter end) 8.9%

Client Activity and Assets

This filing

Core net new assets rose 2% year-over-year in the first quarter of 2026 to $140.0 billion, which included a $17.5 billion outflow from a planned mutual fund clearing client deconversion.

Trading and Fee Revenue

This filing

clients’ daily average trades (DATs) rose significantly year-over-year to 9.9 million for the first quarter of 2026.

Expense and Efficiency

This filing

Total expenses excluding interest 3,294 ... 5%

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.