Schwab's Profit Jumps on Surge in Brokerage Activity -- WSJ

Dow Jones01-21 21:04

By Hannah Erin Lang

Charles Schwab reported a 34% increase in quarterly profits after trading and net interest revenue climbed.

Net income rose to $2.46 billion, or $1.33 a share, from $1.84 billion, or 94 cents, in the same period a year earlier. Earnings per share were $1.39 excluding certain one-time items. On that basis, Schwab fell just short of analysts' average estimates of $1.40 a share, according to FactSet.

Individual investors flooded into financial markets last year, buoyed by back-to-back years of strong returns and empowered by expanded access to new assets and product types. Retail traders poured a record amount of money into stocks and exchange-traded funds in 2025, according to analysts at JPMorgan Chase, topping the levels seen during the meme stock frenzy of 2021.

The surge in activity helped make 2025 one of the best years on record for brokerages and other financial firms that cater to individuals.

Schwab's trading revenue rose 22% to $1.07 billion in the fourth quarter. Net interest revenue, or the spread earned between what it paid out to depositors and what it collected in interest from investments and loans, climbed 25% from the year prior to $3.17 billion.

Total revenue rose 19% to $6.34 billion.

Write to Hannah Erin Lang at hannaherin.lang@wsj.com

(END) Dow Jones Newswires

January 21, 2026 08:04 ET (13:04 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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