Charles Schwab (SCHW) investor relations material

Strategic vision and growth outlook

• Pursues a mission-driven, client-centric strategy focused on democratizing investing and expanding access for all investor segments, including retail, RIAs, and workplace participants.

• Achieved $12.6 trillion in client assets and over 47 million accounts, with strong growth in retail, advisor, and workplace channels.

• Maintains a clear strategy to evolve with client needs, leveraging omnichannel experiences, digital transformation, and AI-powered solutions for sustained earnings growth.

• Identifies key industry themes: next-gen investors, convenience, emerging asset classes, and AI as a growth enabler.

• Prioritizes growing net new assets, deepening client relationships, driving scale and efficiency, and excelling in safety, security, and client experience.

Business developments and product innovation

• Expanded product breadth with launches in alternatives, digital assets, structured asset lending, teen accounts, and the acquisition of Forge for private markets.

• Advisor Services leads the RIA channel with $5.2 trillion in assets, focusing on expanding beyond custody to offer wealth services, banking, and technology integration.

• Workplace Services manages ~$1.3 trillion in assets, integrating retirement, stock plan, and wellness solutions, and leveraging cross-business synergies.

• Retail business delivered $169 billion in net new assets in FY25, with record client engagement and industry recognition for platforms and service.

• Trading Services saw daily average trades rise to 9.9 million in 1Q26, with increased derivatives activity and strong millennial/Gen Z engagement.

Financial performance and guidance

• Delivered 38% year-over-year growth in adjusted EPS and total net revenues, with $140 billion+ core net new assets in 1Q26.

• Full-year 2026 revenue expected to increase 14–15% over the prior year, with adjusted expenses up 8.5–9.5%.

• Targets high single-digit to low double-digit revenue growth and mid-teen EPS growth through the cycle, driven by diversified revenue streams and operational efficiency.

• Net interest margin projected to expand to 3.00–3.10%, supported by strong lending utilization and reduced sensitivity to interest rates.

• Maintains industry-leading cost-to-serve and client satisfaction, supported by awards for trust and service.