---
title: "Charles Schwab Statistics 2026: AUM, Revenue, and Account Data"
date: 2026-05-11
author: "Barry Elad"
featured_image: "https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-statistics.jpg"
categories:
  - name: "Investments"
    url: "/investments.md"
tags:
  - name: "Statistics"
    url: "/tag/statistics.md"
---

# Charles Schwab Statistics 2026: AUM, Revenue, and Account Data

Schwab held **$11,767.9 billion** in total client assets as of **March 31, 2026**, up **19%** year over year. The brokerage runs **39,099 active brokerage accounts** and **47,200 total client accounts** as of Q1 2026, a base built through a decade of pricing changes and a **$22 billion stock-funded acquisition** that closed in late **2020**.

Two structural shifts shape the numbers below. The **October 2019** commission elimination rerouted revenue toward net interest income and fees. The **October 2020** TD Ameritrade close then doubled trading volume.

## Key Takeaways

- Total client assets reached **$11,767.9 billion** at March 31, 2026, a **19%** year-over-year gain, with **$140.0 billion** in core net new assets gathered in Q1 2026.
- Net interest revenue ran **$11.750 billion** in 2025, up **28%** year over year, and now anchors roughly **49%** of total net revenues.
- Active brokerage accounts grew to **39,099** in Q1 2026, up **6%** year over year, with workplace plan accounts at **5,844** and banking accounts at **2,281**.
- Daily average trades hit a record **9,899** in Q1 2026, up **34%** year over year, more than double the post-acquisition baseline.
- Full-year 2025 GAAP net income was **$8.852 billion** on diluted EPS of **$4.65**, up **49%** and **56%** versus 2024.
- Margin loan balances stood at **$126.7 billion** in Q1 2026, up **13%** versus year-end 2025, a fresh record for the platform.

## Editor’s Choice

- Schwab reported full-year 2025 total net revenues of **$23.921 billion**, up **22%** versus 2024.
- GAAP net income reached **$8.852 billion** in 2025, up from **$5.942 billion** in 2024.
- Total client assets closed 2025 at **$11.903 trillion**, up **18%** versus year-end 2024.
- Daily average trades averaged **8.3 million** for full-year 2025, up **31%** versus 2024.
- Core net new assets totaled **$519.4 billion** in 2025, up **42%** year over year.
- Market capitalization for SCHW sat near **approximately $161.62 billion** in May 2026, with an all-time-high stock price of **$107.50** reached on February 10, 2026.

## Recent Developments

- **April 16, 2026**: Q1 2026 net revenues hit **$6,482 million**, GAAP net income reached **$2,479 million**, and adjusted diluted EPS equaled **$1.43**.
- **April 16, 2026**: The Spring Business Update disclosed March 2026 core net new assets of **$79.7 billion**, the second-highest single month on record.
- **March 2026**: Schwab reported February 2026 daily average trades of **9.9 million**, a record, and total client assets of **$12.22 trillion**.
- **January 21, 2026**: Year-end 2025 results showed annual core net new assets of **$519.4 billion** and active brokerage accounts of **38.5 million**.
- **Q1 2026**: Margin loan balances reached **$126.7 billion**, up **13%** from year-end 2025, reflecting heavier client borrowing alongside record trading.

## Total Client Assets by Year

Per Schwab Investor Relations, total client assets reached **$11,767.9 billion** at **March 31, 2026**, up **19%** year over year. The platform crossed the **$10 trillion threshold** during **2024** and added more than **$1 trillion** through Q1 2026 across rising markets and steady inflows.

- Year-end 2024 client assets sat at **$10.101 trillion**, up **19%** from **$8.517 trillion** at year-end 2023.
- Year-end 2025 client assets reached **$11.903 trillion**, up **18%** versus 2024.
- Q1 2026 client assets equaled **$11,767.9 billion** at **March 31, 2026**.
- February 2026 client assets equaled **$12.22 trillion** at month-end, up **19%** from February 2025.

PeriodTotal Client AssetsYoY ChangeYear-end 2023$8.517 trillionn/aYear-end 2024$10.101 trillion+19%Year-end 2025$11.903 trillion+18%March 31, 2026$11.768 trillion+19%*Source: Schwab investor relations.*

**Three forces drive the trajectory:** Equity market gains, organic asset gathering, and the residual TD Ameritrade integration tailwind.

## Active Brokerage Accounts and Client Account Mix

Per Schwab Investor Relations, active brokerage accounts reached **39,099** at **March 31, 2026**, up **6%** year over year. Total client accounts, which include workplace plan participants and banking accounts, hit **47,200** in Q1 2026.

- Active brokerage accounts at year-end 2024 were **36.5 million**, up **5%** from **34.8 million** at year-end 2023.
- Workplace plan participant accounts grew to **5,844** in Q1 2026, up **6%** year over year.
- Banking accounts reached **2,281** in Q1 2026, up **11%** year over year.
- Year-end 2025 active brokerage accounts were **38.5 million**, up **6%** versus 2024.

PeriodActive Brokerage AccountsWorkplace Plan ParticipantsBanking AccountsYear-end 202334.8 million5.221 million1.838 millionYear-end 202436.5 million5.399 million1.998 millionYear-end 202538.5 million5.740 million2.214 millionMarch 31, 202639.1 million5.844 million2.281 million*Source: Schwab investor relations.*

## Daily Average Trades and Trading Activity

Per the Q1 2026 earnings release filed with the SEC, daily average trades on the combined Schwab platform reached **9,899** in Q1 2026, up **34%** year over year. The figure is more than double the daily volume the combined firm reported when the TD Ameritrade acquisition closed in **October 2020**.

- Q4 2024 daily average trades equaled **6,312**, up **22%** versus Q4 2023.
- Full-year 2025 daily average trades averaged **8.3 million**, up **31%** versus 2024’s **6.312 million**.
- February 2026 daily average trades hit **9.9 million**, a record.
- At the **October 2020** acquisition close, the combined platform reported more than **5 million** daily average trades.

![Charles Schwab Daily Average Trades Growth](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-daily-average-trades-growth.jpg "Charles Schwab Daily Average Trades Growth")

## Net New Assets and Organic Growth

Core net new assets reached **$140.0 billion** in Q1 2026 for the firm, with the firm describing it as the largest first quarter since the integration. Asset gathering at this scale produces revenue across three lines: net interest income on cash and margin balances, [asset management](https://coinlaw.io/asset-management-statistics/) fees on managed solutions, and bank deposit account fees on swept balances.

- March 2026 core net new assets equaled **$79.7 billion**, the **second-highest single month** on record.
- Full-year 2025 core net new assets totaled **$519.4 billion**, up **42%** versus 2024.
- Annual 2024 net new assets were **$366.9 billion**, up **20%** versus 2023.

![Charles Schwab Core Net New Assets Trend Over Time](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-core-net-new-assets-trend-over-time.jpg "Charles Schwab Core Net New Assets Trend Over Time")

## Total Net Revenues by Year

Schwab reported full-year 2025 total net revenues of **$23.921 billion**, up **22%** versus 2024’s **$19.606 billion**. Q1 2026 added **$6,482 million** in net revenues, up **16%** year over year, on the way to a record-pace year per the Q1 2026 release.

- Annual 2024 total net revenues were **$19.606 billion**, up **4%** from 2023’s **$18.837 billion**.
- Full-year 2025 total net revenues equaled **$23.921 billion**, up **22%** versus 2024.
- Q1 2026 total net revenues equaled **$6,482 million**, up **16%** year over year.
- Q4 2025 net revenues hit **$6.336 billion**, up **19%** versus Q4 2024’s **$5.329 billion**.

![Charles Schwab Net Revenue Performance Over Time](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-net-revenue-performance-over-time.jpg "Charles Schwab Net Revenue Performance Over Time")

## Net Interest Revenue and Margin

Net interest revenue is now the dominant line in Schwab’s income mix. Full-year 2025 net interest revenue was **$11.750 billion**, up **28%** versus 2024’s **$9.144 billion**. The line accounts for roughly **49%** of total net revenues.

- Q1 2026 net interest revenue equaled **$3,144 million**.
- Annual 2024 net interest revenue was **$9.144 billion**, down from 2023’s **$9.427 billion**.
- Full-year 2025 net interest revenue reached **$11.750 billion**, up **28%**.
- The 2024 10-K attributed the year’s decline to lower average interest-earning assets and higher funding costs, partially offset by growth in margin and bank lending.

PeriodNet Interest RevenueFull-year 2023$9.427 billionAnnual 2024$9.144 billionFull-year 2025$11.750 billionQ1 2026$3.144 billion*Source: Schwab IR and SEC EDGAR.*

> **Key finding:** Net interest revenue accounted for roughly 49% of total net revenues at Schwab in 2025, a structural shift away from commissions toward balance-sheet income that began with the October 2019 zero-commission move and accelerated through the TD Ameritrade integration close in October 2020.

## Asset Management and Administration Fees

Asset management and administration fees reached **$6.506 billion** in 2025, up **14%** versus 2024’s **$5.716 billion**. The line captures fees from advice solutions, [mutual fund](https://coinlaw.io/mutual-fund-industry-statistics/) and ETF servicing, the Schwab Bank affiliated trust, and Schwab Asset Management products.

- Q1 2026 asset management and administration fees equaled **$1,759 million**, up **15%** year over year.
- Full-year 2024 fees were **$5.716 billion**, up from 2023’s **$4.756 billion**.
- Annual 2025 fees reached **$6.506 billion**, up **14%**.
- Bank deposit account fees totaled **$977 million** in 2025, up **34%** versus 2024’s **$729 million**.

![Charles Schwab Asset Management vs Bank Fee Revenue](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-asset-management-vs-bank-fee-revenue.jpg "Charles Schwab Asset Management vs Bank Fee Revenue")

## Trading Revenue After Zero Commissions

Trading revenue at the firm totaled **$3.921 billion** in 2025, up **20%** versus 2024’s **$3.264 billion**. The line, which captures principal transactions, order flow rebates, and fees on [options and crypto](https://coinlaw.io/options-market-in-crypto-statistics/), sits at roughly **16%** of total revenue, far below the commission-heavy mix that dominated through **October 2019**.

- Q1 2026 trading revenue equaled **$1,089 million**, up **20%** year over year.
- Full-year 2024 trading revenue was **$3.264 billion**, up from 2023’s **$3.230 billion**.
- Full-year 2025 trading revenue reached **$3.921 billion**, up **20%**.
- At the **October 2019** zero-commission move, CFO Peter Crawford estimated commissions represented about **$90 million to $100 million** in quarterly revenue.
- At that time, [Bank of America](https://coinlaw.io/bank-of-america-statistics/) estimated Schwab generated about **8%** of revenue from commissions, compared to **28%** for TD Ameritrade and about **17%** for E\*TRADE.

![Charles Schwab Trading Revenue Growth And Share Analysis](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-trading-revenue-growth-and-share-analysis.jpg "Charles Schwab Trading Revenue Growth and Share Analysis")

For trading-platform context across crypto venues, see [crypto exchange market data](https://coinlaw.io/crypto-exchange-statistics/).

## GAAP Net Income and Earnings Per Share

Annual 2025 GAAP net income was **$8.852 billion**, up **49%** versus 2024’s **$5.942 billion**. Diluted EPS rose to **$4.65** in 2025, up **56%** from **$2.99** in 2024.

- Q1 2026 GAAP net income equaled **$2,479 million** on diluted EPS of **$1.37**.
- Q1 2026 adjusted net income reached **$2,588 million** on adjusted diluted EPS of **$1.43**, up **38%** year over year.
- Full-year 2024 GAAP net income was **$5.942 billion** on diluted EPS of **$2.99**, up **17%** and **18%** versus 2023.
- Full-year 2025 GAAP net income reached **$8.852 billion** on diluted EPS of **$4.65**.

PeriodGAAP Net IncomeDiluted EPSAnnual 2023$5.07 billion$2.54Full-year 2024$5.942 billion$2.99Full-year 2025$8.852 billion$4.65Q1 2026$2.479 billion$1.37*Source: Schwab investor relations.*

## Charles Schwab Bank Deposits and Margin Loans

Total bank deposits at Schwab stood at **$253.0 billion** in Q1 2026, up **3%** year over year. Margin loan balances reached **$126.7 billion** in Q1 2026, up **13%** versus year-end 2025.

- Year-end 2025 bank deposit balances equaled **$255.7 billion**, down **1%** versus 2024’s **$259.1 billion**.
- Year-end 2025 margin loan balances reached **$112.3 billion**, up **34%** versus 2024’s **$83.8 billion**.
- February 2026 margin loan balances hit a record **$120.6 billion**, up **7%** from year-end 2025.
- Q1 2026 bank deposits and margin loans expanded together, marking the first quarter where margin balances exceeded **$125 billion**.

![Charles Schwab Margin Loan Growth vs Deposit Decline](https://coinlaw.io/wp-content/uploads/2026/05/charles-schwab-margin-loan-growth-vs-deposit-decline.jpg "Charles Schwab Margin Loan Growth vs Deposit Decline")

## Schwab Advisor Services and RIA Custody Platform

The Charles Schwab Corporation’s Advisor Services unit serves over **16,000 independent advisory firms** with over **$5 trillion** on its custody platform. The platform combines Schwab’s pre-acquisition advisor base with the TD Ameritrade Institutional book that was migrated over **Labor Day 2023**.

- Schwab Advisor Services discloses over **16,000 independent advisory firms** on the custody platform.
- Custody assets reach over **$5 trillion** across the combined post-acquisition platform.
- A team of **3,000-plus** Schwab professionals supports the RIA firms on the platform.
- The advisor tech stack offers over **235 third-party technology integrations**.

MetricValueIndependent advisory firmsover 16,000Total custody assetsover $5 trillionSchwab support professionals3,000+Third-party tech integrations235+*Source: Schwab Advisor Services.*

## TD Ameritrade Acquisition Scorecard

Schwab closed the TD Ameritrade acquisition on **October 6, 2020**, with the combined company holding approximately **$6 trillion** in client assets, **28 million brokerage accounts**, and more than **5 million daily average trades**. Five and a half years later, the platform has roughly doubled its trading volume and added approximately **$5.8 trillion** in client assets.

- At close, the combined firm held approximately **$6 trillion** in client assets and **28 million brokerage accounts**.
- The deal funded approximately **509 million shares** of Schwab common stock and **77 million shares** of nonvoting common stock as merger consideration.
- The final integration phase moved over **7,000 advisors**, nearly **4 million client accounts**, and **$1.3 trillion** in TD Ameritrade assets to Schwab over **Labor Day weekend 2023**.
- The Labor Day weekend conversion involved **3.6 million advisor clients** and another **3.6 million retail clients**.
- Promoter scores among former TD Ameritrade retail clients rose **50 points** in the **nine months** after the conversion was completed.

MetricOctober 2020 CloseMarch 31, 2026ChangeTotal client assets~$6.0 trillion$11.768 trillion+$5.8 trillionActive brokerage accounts28 million39.1 million+11.1 millionDaily average tradesover 5 million9.9 million~+98%*Source: Schwab acquisition close press release.*

> **By the numbers:** From the October 6, 2020 acquisition close through March 31, 2026, the firm roughly doubled daily average trades from over 5 million to 9.9 million and added approximately $5.8 trillion in client assets, with the Labor Day 2023 client transition finishing the integration.

The pattern shows scale compressing operating expenses as a percentage of client assets, the metric flagged at deal close.

## SCHW Market Cap and Stock Performance

Schwab’s market capitalization sat near approximately **$161.62 billion** in **May 2026**. SCHW reached an all-time-high stock price of **$107.50** on **February 10, 2026**, before pulling back to **$91.54** at the **May 1, 2026** close.

- May 2026 market cap stood near approximately **$161.62 billion**.
- The all-time-high stock price hit **$107.50** on **February 10, 2026**.
- Since **December 1, 1998**, SCHW’s market cap has increased from **$14.43 billion** to **$165.02 billion**, an increase of **1,043.34%**, with a compound annual growth rate of **9.33%**.

MetricValueMarket cap (May 2026)~$161.62 billionAll-time-high stock price$107.50 (Feb 10, 2026)Closing price (May 1, 2026)$91.5428-year market cap CAGR9.33%*Source: Macrotrends SCHW market cap history (cross-referenced to NYSE SCHW closing prices and SEC EDGAR filings).*

## Headcount and Operating Expenses

Schwab employed **33,500** full-time equivalent staff in Q1 2026, up **4%** year over year. Total expenses excluding interest were **$3,294 million** in Q1 2026, up **5%** year over year.

- Q1 2026 full-time equivalent employees equaled **33,500**.
- Year-end 2025 employees were **33,000**, up **3%** versus 2024’s **32,100**.
- Annual 2025 total expenses excluding interest were **$12.462 billion**, up **5%** versus 2024’s **$11.914 billion**.
- Full-year 2024 total expenses excluding interest were **$11.914 billion**, down from 2023’s **$12.459 billion**.

PeriodFull-Time Equivalent EmployeesTotal Expenses Excluding InterestYear-end 2023n/a$12.459 billionYear-end 202432,100$11.914 billionYear-end 202533,000$12.462 billionQ1 202633,500$3.294 billion Q1 only*Source: Schwab investor relations.*

For peer fintech context, see [Revolut growth statistics](https://coinlaw.io/revolut-statistics/) on comparable neobank scaling metrics.

## Frequently Asked Questions (FAQs)

**How much money does Charles Schwab manage?**Total client assets equaled $11,767.9 billion at March 31, 2026, up 19% year over year per the Q1 2026 earnings release . The figure includes brokerage, banking, workplace plan, and managed advice balances across the combined post-TD Ameritrade platform.

 

**How many accounts does Charles Schwab have?**Schwab reported 39,099 active brokerage accounts and 47,200 total client accounts in Q1 2026 per its earnings release. The total includes 5,844 workplace plan participants and 2,281 banking accounts in addition to the brokerage base.

 

**What was Charles Schwab’s revenue in 2025?**Full-year 2025 total net revenues were $23.921 billion, up 22% versus 2024’s $19.606 billion . Net interest revenue contributed $11.750 billion, asset management and administration fees added $6.506 billion, and trading revenue reached $3.921 billion in 2025 .

 

**When did Schwab acquire TD Ameritrade?**The firm closed its acquisition of TD Ameritrade Holding Corporation on October 6, 2020. The combined firm held approximately $6 trillion in client assets and 28 million brokerage accounts at close, with the final advisor and retail account migration completed over Labor Day weekend 2023.

 

**When did Charles Schwab eliminate trading commissions?**Charles Schwab eliminated commissions on stocks, ETFs, and options listed on U.S. or Canadian exchanges effective October 7, 2019, dropping the prior $4.95 online commission to zero. CFO Peter Crawford estimated the commissions represented about $90 million to $100 million in quarterly revenue, representing about 4% of revenue.

 

 

## Conclusion

Schwab entered Q2 2026 with **$11,767.9 billion** in client assets, **39,099 active brokerage accounts**, and daily average trades of **9,899**. Net interest revenue, not trading commissions, drives roughly **49%** of the income mix, a structural reversal that began with the **October 2019** zero-commission move and accelerated through the TD Ameritrade integration.

CoinLaw’s coverage of US discount brokers shows that scale plus a balance-sheet income engine survives commission compression. The next reads to watch are net new asset growth, margin loan utilization, and the trading-revenue share of total revenue.