Charles Schwab : Spring Business Update presentation (schwab spring business update 041626)

Published: 2026-04-16 09:06:11 ET SCHW

Published on 04/16/2026 at 09:06 am EDT

Spring Business Update

April 16, 2026

Rick Wurster

President and Chief Executive Officer

Michael Verdeschi

Managing Director, Chief Financial Officer

Charles Schwab Corporation 3

Key Takeaways

Sustaining Momentum

Delivering for Clients

Accelerating the Pace of Innovation

Charles Schwab Corporation

Our "Through

1Q26 vs. 1Q25

$140B

Core Net New Assets

+2%

1.3M +10%

New Brokerage Accounts

Clients' Eyes" Strategy continues to drive

ex-Mutual Fund Clearing $158B

Solutions

Client

+46% $61B +29%

Financial

Managed Investing

Net Flows

Bank Lending1

(EOP)

$6.5B

+16%

$1.43

+38%

Total Net Revenues

Adjusted2 EPS

GAAP EPS $1.37 + 38%

Note: Q = Quarter. B = Billion. M = Million. EOP = End of period. EPS = Earnings per share. GAAP = Generally accepted accounting principles. 1. Net consolidated loan balances. 2. Further detail on non-GAAP financial measures and a reconciliation of such measures to reported results are included on slides 30-34 of this presentation.

Charles Schwab Corporation

With strong execution across our key strategic focus areas,

Acquisitions & Partnerships

we continued to deliver for clients…

1Q26 Highlights

Service & Experience

Expand Branch Footprint

Financial Consultant &

Products & Solutions

Schwab Teen InvestorTM

Account

Long/Short

M&A

Wealth Advisor Coverage

Strategies

Closed March 2026

Growth

Scale & Efficiency Brilliant Basics

People

Expanded Trader Educational Experiences

Schwab Private Issuer Equity Services

Schwab Advisor UHNW Services

Schwab Bank Structured Asset LineTM

Investments

Note: Q = Quarter. UHNW = Ultra high net worth. M&A = Mergers and acquisitions.

Charles Schwab Corporation

Client Promoter Scores

+9 pts

Investor Services 1Q26 vs. 1Q25

Ranked #1 Overall Broker, 2 years in a row

Awarded by Stockbrockers.com 2

93%

Advisor Services Easy Score1 1Q26

A Best Online Broker for 13 Years

Awarded by Investor's Business Daily 3

Note: Pts = Points. Q = Quarter. 1. Easy Score represents a client's real-time rating of how easy it was to complete a specific task or transaction with the firm.

2. The StockBrokers.com 2026 Annual Awards were given on January 27, 2026. The criteria, evaluation, and ranking were determined by StockBrokers.com. Companies were assessed in StockBrokers.com's 7 Primary Categories: Range of Investments, Advanced Trading, Mobile Trading Apps, Research, Education, Ease of Use, and Overall. See the 2026 Annual Awards page for more information. 3. The Investor's Business Daily® 2026 Best Online Brokers accolade was published by IBD on January 23, 2026. Results were based on a single quantitative online survey with a sample size of 4,000 investors, conducted by IBD and Magid. The study was conducted Nov. 4 through Nov. 17, 2025. Best Online Brokers 2026: Special Report | Investor's Business Daily Schwab paid a licensing fee to The YGS Group for the use of the accolade and corresponding logos through May 15, 2027.

Charles Schwab Corporation

…as clients & third-parties recognized these efforts.

Serve a Growing Number of Clients

Leverage Enhanced Financial Management Capabilities

We are accelerating our pace of innovation

to deliver for clients & drive earnings growth through the cycle.

Serve a Growing Number

of Clients

Apply Disciplined Financial Management & Capital Return

Earnings Growth Through the Cycle

Deepen Existing Client Relationships

Enhance Scale & Efficiency

Charles Schwab Corporation

Diverse set of monetization opportunities across our businesses

Advisor Services

Retail

Wealth

Banking

Trading

Asset Management

Alternative & Private Investments

Digital Assets

Note: x

Charles Schwab Corporation

Diverse set of monetization opportunities across our businesses

Advisor Services

Retail

Banking

Trading

Asset Management

Alternative & Private Investments

Digital Assets

Wealth

Note: x

Charles Schwab Corporation

Wealth

Managed Investing (MI) Net Flows

Schwab Wealth AdvisoryTM

Net Flows ($B)

$22B +90%

46%

$15B

$10B

$5B

1Q25

1Q26

1Q25 1Q26

AMAF Revenue

MI Avg Assets

$1.5B

$711B

$1.8B

$874B

Note: B = Billion. Q = Quarter. AMAF = Asset management and administration fees. MI = Managed investing. Avg = Average.

Charles Schwab Corporation

Digital Assets

Schwab's phased roll-out of its spot crypto offer has begun with an employee launch

Initial Coins Available Competitive Pricing1

~ 75 bps

In-depth Education 24/7 Award-winning Integrated Digital & Insights Client Support Experience

Note: Bps = Basis points. 1. Pricing among the lowest in the industry on the dollar value of each trade.

Charles Schwab Corporation

Continuing to harness

the power of artificial intelligence will help further accelerate our "Through Clients' Eyes" Strategy.

Spotlight on Artificial Intelligence

Schwab is already an AI-enabled company

AI is an accelerant to our strategy

We are harnessing the power of AI the Schwab way

Note: AI = Artificial intelligence.

Charles Schwab Corporation

Schwab's AI roadmap enables us to further expand our AI capabilities in 2026 & beyond.

In use today:

Serve a growing number of clients

Answer Engine Optimization

In development:

Partnering with AI platforms to reach prospective clients

Deepen existing client relationships

Initial launch in 2026:

Portfolio insights Investor AI Assistant

Generative AI search on Schwab digital channels AI learning & coaching within thinkorswim® Advisor AI Assistant

Enhance scale & efficiency

In use today and enhancing in 2026: Schwab Knowledge + Research Assistants Service AI Assistant

Microsoft Copilot + Github Copilot

Initial launch in 2026:

FC relationship management assistant

Note: AI = Artificial intelligence. FC = Financial consultant.

Charles Schwab Corporation

Serve a Growing Number of Clients

Leverage Enhanced Financial Management Capabilities

Our momentum continued in early 2026 & we are well-positioned to deliver earnings growth through the cycle.

Serve a Growing Number

of Clients

Apply Disciplined Financial Management & Capital Return

Earnings Growth Through the Cycle

Deepen Existing Client Relationships

Enhance Scale & Efficiency

Charles Schwab Corporation

Key Takeaways

Starting the Year Strong

Supporting Investors' Needs

Delivering Value to our Clients

Charles Schwab Corporation

1Q26 total revenue grew 16% year-over-year to a new quarterly record,…

$1.1B

$6.5B

$0.5B

$6.3B

1Q26 vs. 1Q25

$1.8B

NIR increased 16%,

$5.9B $6.1B

$0.4B

reflecting lower wholesale

Other Trading

AMAF

NIR

$5.6B

$0.5B

$2.7B

$1.5B

$0.9B

1Q25

$0.5B

$2.8B

$1.6B

$1.0B

2Q25

$0.4B

$1.7B

$1.0B

$3.1B

3Q25

$1.1B

$1.7B

$3.2B

$3.1B

4Q25

bank borrowing levels and continued client utilization of our lending solutions

AMAF grew 15%, as organic growth and strong engagement with our Managed Investing solutions more than offset equity market weakness

Trading revenue grew 20%, due to record client trading volumes

1Q26

Note: Certain totals may not sum due to rounding. Q = Quarter. B = Billion. NIR = Net interest revenue. AMAF = Asset management and administration fees. Other includes Bank Deposit Account fees and Other Revenue line items.

Charles Schwab Corporation

…while maintaining our expense discipline.

1Q26 vs. 1Q25

$3.0B

$3.1B

$3.0B

$3.1B

$3.2B

$3.3B

$3.0B

1Q25

2Q25

3Q25

4Q25

1Q26

$2.9B

$3.0B

$3.2B

GAAP

Adjusted1

GAAP expenses up 5%, reflecting typical first quarter seasonality as well as robust client engagement

Adjusted1 expenses rose 5%

Note: Q = Quarter. B = Billion. GAAP = Generally accepted accounting principles. 1. Further detail on non-GAAP financial measures and a reconciliation of such measures to reported results are included on slides 30-34 of this presentation.

Charles Schwab Corporation

Schwab grew 1Q26 adjusted1 earnings per share by 38% to a record $1.43.

Adjusted1

Pre-tax Profit Margin

Adjusted1

Earnings per Share

$1.37

50.2%

50.1%

51.3%

52.2%

51.4%

46.2%

43.8%

47.9%

49.2%

$1.39

$1.43

$1.33

$1.26

$1.31

$1.14

$1.04

$1.08

$0.99

1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26

Note: Q = Quarter. B. GAAP = Generally accepted accounting principles. 1. Further detail on non-GAAP financial measures and a reconciliation of such measures to reported results are included on slides 30-34 of this presentation.

Charles Schwab Corporation

1Q26 Balance Sheet Highlights

Supported Client-Driven Growth

Including continued demand for our PAL® solution, bank loans to clients increased to $60.9 billion at quarter-end, up 5% and 29% versus 4Q25 and 1Q25, respectively

Client margin balances1 grew to $126.7 billion as of March 31, up 13% from year-end 2025

Sweep Cash Net Flows

Reflecting seasonality, strong organic growth and client allocation decisions, transactional sweep cash2 increased by $7.8 billion from year-end 2025 to finish the quarter at $461.5 billion - including a $25.4 billion cash build in March

Capital Return

Repurchased 24.3 million shares of our common stock for $2.4 billion

Note: Q = Quarter. PAL = Pledged asset line. 1. Client margin loan balances include $21.3 billion related to certain long/short strategies as of March 31, 2026. 2. Transactional sweep cash includes bank sweep deposits, broker-dealer cash balances, other client cash held on the balance sheet (bank checking and savings deposits, short credits related to certain client long/short strategies, and broker-dealer non-interest-bearing credits), and Bank Deposit Account balances; excludes proprietary and third-party CDs.

Balance Sheet Principles

Support our clients' evolving needs

Maintain a foundation of safety and soundness

Drive financial outcomes through-the-cycle

Our capital ratios remained strong while returning capital in multiple forms.

Consolidated Tier 1 Leverage Ratio 1Q26 Capital Actions

8.9%

7.1%

6.8%

9.9%

+19%

Increase in common stock dividend

$2.4B

Common stock repurchased

Mar-25 Mar-26

Note: T1LR = Tier 1 leverage ratio. B = Billion. Q = Quarter. 1. Further detail on non-GAAP financial measures and a reconciliation of such measures to reported results are included on slides 30-34 of this presentation. March 31, 2026 ratios are preliminary.

Charles Schwab Corporation

Capital Management

Framework

Support ongoing business growth

Common dividend payout range

Seek opportunistic return of excess capital

Serve a Growing Number of Clients

Leverage Enhanced Financial Management Capabilities

Our momentum continued into early 2026 as investors turned to Schwab for help with more of their financial lives.

Serve a Growing Number

of Clients

Apply Disciplined Financial Management & Capital Return

Earnings Growth Through the Cycle

Deepen Existing Client Relationships

Enhance Scale & Efficiency

Charles Schwab Corporation

Our comprehensive suite of solutions and leading value proposition enable client-aligned monetization across a range of environments.

Comprehensive Wealth Management Platform

Industry-Leading Value Proposition

Schwab offers an expanding set of investment solutions that support clients across every stage of their financial journey.

Clients continue to choose Schwab for our "no trade-offs" approach to investing - combining value, service, trust, & transparency.

Revenue on Client Assets (bps)1

~121

~87

~59

~21

Schwab Wirehouses &

Large Banks

Regionals & IBDs

Online Brokers

Note: Bps = Basis points. IBD = Independent broker dealer. 1. Data presented as of 4th quarter 2025 of publicly reported results and represents revenue from respective wealth management segments of all companies, if applicable. Schwab is represented on a total company basis. Wirehouse segment includes Morgan Stanley, JP Morgan, Bank of America, Wells Fargo, UBS, Goldman Sachs, and Citi. Regional and IBD segment includes Ameriprise, LPL Financial, and Raymond James. Online Broker segment includes Interactive Brokers and Robinhood.

Charles Schwab Corporation

Q&A

Charles Schwab Corporation 24

Appendix

Charles Schwab Corporation 25

Select Annualized Revenue Sensitivities

Bank Sweep Balances

+/- $1B

~$35M

As of March 31, 2026

Net Interest

Revenue

~$250M -

+/- 25 bps Target

$300M

Fed Funds Rate1

BDA

~$35M

+/- $1B of Balances

~$35M

+/- 25 bps in Fed Funds

AMAF

S&P 500®

+/- 1%

~$35M

Client Trading

~$45M

+/- 100K

DATs

Margin Balances

+/- $1B

~$20M

Note: Bps = Basis points. K = Thousand. B = Billion. M = Million. AMAF = Asset management & administration fees. BDA = Bank deposit account. DATs = Daily average trades. The "S&P 500® Index" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by Charles Schwab & Co., Inc. 1. NIR sensitivities assume static interest-earning assets as of March 31, 2026; other considerations include mix and duration of the bank investment portfolio, movements across the yield curve, and how quickly the fixed portfolio reprices; the sensitivity also factors in the impact of any active hedging activity and assumes a deposit beta of 0%.

Charles Schwab Corporation

Appendix

Balance Sheet (as of March 31, 2026)

($M, EOP)

1Q25

2Q25

3Q25

4Q25

1Q26

Total Assets

$462,903

$458,936

$465,255

$490,995

$493,319

Bank Deposits

$246,160

$233,058

$239,057

$255,747

$253,041

Payables to Brokerage Clients

$100,579

$109,355

$115,397

$116,341

$117,986

Long-term Debt

$21,471

$20,208

$20,199

$22,199

$20,486

Stockholders' Equity

$49,511

$49,451

$49,384

$49,425

$49,234

Parent Liquidity

$11,271

$11,581

$10,201

$14,872

$14,942

Consolidated Tier 1 Leverage Ratio*

9.9%

9.8%

9.7%

9.3%

8.9%

Consolidated Adj. Tier 1 Leverage Ratio1*

7.1%

7.2%

7.3%

7.1%

6.8%

Note: M = Million. EOP = End of period. Q = Quarter. Adj = Adjusted. *1Q26 is preliminary. 1. Further detail on non-GAAP financial measures and a reconciliation of such measures to reported results are included on slides 30-34 of this presentation.

Charles Schwab Corporation

Appendix

Average Interest-earning Assets & Bank Investment Portfolio (as of March 31, 2026)

1Q26 Avg. Interest-earning Assets ($B,%)1, 2

Other IEA

Fixed vs.

Bank Investment Portfolio Spotlight

96% Fixed / 4% Floating

Cash & Equiv.

11%

$437.7

45%

Bank Investment Portfolio

Floating

Securities Mix3

61%

29%

10%

Agency RMBS Agency CMBS Other

95%+ backed by U.S. government or agency

Lending Activities

37%

Duration Analysis4

1.9

Consolidated IEAs Duration (Years)

Preliminary

3.6

Bank Investment Portfolio Duration (Years)

Note: Q = Quarter. B = Billion. Avg. = Average. IEA = Interest-earning assets. Cash & Equiv. = Cash and equivalents. RMBS = Residential mortgage-backed security. CMBS = Commercial mortgage-backed Security. 1. Bank Investment Portfolio includes available-for-sale and held-to-maturity securities within the consolidated bank investment portfolio but excludes cash investments; please note percentage may be rounded and therefore may not sum to 100%. 2. Lending activities is comprised of client margin debits and bank loans. 3. Total may not sum to 100% due to rounding. "Other" includes U.S. Treasuries, corporate debt, asset-backed securities, and other investment securities as appropriate. 4. Duration is represented on an option-adjusted basis, including the impact of hedging activity, as of March 31, 2026.

Charles Schwab Corporation

Appendix

Bank Deposit Account Summary (as of March 31, 2026)

Mix of Average BDA Balances ($B,%)

BDA Balances by Maturity, EOP ($B)

Total Balance: $73.5

Net Rate2: 1.77%

Annual Revenue3: $1,322M

19%

$72.6

81%

Fixed Maturities: $59.6 (81% of total)1 | Net Rate2: 1.38%

$17.7

$18.0

$14.0

$7.5

$8.5

$8.0

$0.0

Floating Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Floating

Fixed

Net Rate

3.43%

1.23%

1Q26 Revenue

$118M

$177M

$269M

$275M

$158M

$106M

$27M

$487M

3.31%

3.20%

2.09%

0.58%

0.15%

3.43%

Net Rate2

Annual Revenue3

Note: Certain totals may not sum due to rounding. M = Million. B = Billion. Q = Quarter. BDA = Bank deposit account. EOP = End-of-period. Net yields calculated on an actual/360 basis. 1. Balances maturing by remaining duration term (e.g., Year 1 maturities are balances rolling off the fixed-rate ladder over the next 12 months). 2. EOP net rate of maturities as of March 31, 2026; includes all related fees and client pay rates as of March 31, 2026. 3. Revenue figures presented on an annualized run-rate basis per the amended 2023 Insured Deposit Agreement (IDA) arrangement and net of breakage fees.

Charles Schwab Corporation

Appendix

Non-GAAP Introduction

In addition to disclosing financial results in accordance with generally accepted accounting principles in the U.S. (GAAP), this presentation contains references to the non-GAAP financial measures described below. We believe these non-GAAP financial measures provide useful supplemental information about the financial performance of the Company and facilitate meaningful comparison of Schwab's results in the current period to both historic and future results. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP and may not be comparable to non-GAAP financial measures presented by other companies.

Schwab's use of non-GAAP measures is reflective of certain adjustments made to GAAP financial measures as described below.

Non-GAAP Adjustment or Measure

Definition

Usefulness to Investors and Uses by Management

Acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs

Schwab adjusts certain GAAP financial measures to exclude the impact of acquisition and integration-related costs incurred as a result of the Company's acquisitions, amortization of acquired intangible assets, restructuring costs, and, where applicable, the income tax effect of these expenses.

Adjustments made to exclude amortization of acquired intangible assets are reflective of all acquired intangible assets, which were recorded as part of purchase accounting. These acquired intangible assets contribute to the Company's revenue generation. Amortization of acquired intangible assets will continue in future periods over their remaining useful lives.

We exclude acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs for the purpose of calculating certain non-GAAP measures because we believe doing so provides additional transparency of Schwab's ongoing operations, and is useful in both evaluating the operating performance of the business and facilitating comparison of results with prior and future periods.

Costs related to acquisition and integration or restructuring fluctuate based on the timing of acquisitions, integration and restructuring activities, thereby limiting comparability of results among periods, and are not representative of the costs of running the Company's ongoing business. Amortization of acquired intangible assets is excluded because management does not believe it is indicative of the Company's underlying operating performance.

Return on tangible common equity

Return on tangible common equity represents annualized adjusted net income available to common stockholders as a percentage of average tangible common equity. Tangible common equity represents common equity less goodwill, acquired intangible assets - net, and related deferred tax liabilities.

Acquisitions typically result in the recognition of significant amounts of goodwill and acquired intangible assets. We believe return on tangible common equity may be useful to investors as a supplemental measure to facilitate assessing capital efficiency and returns relative to the composition of Schwab's balance sheet.

Adjusted Tier 1 Leverage Ratio

Adjusted Tier 1 Leverage Ratio represents the Tier 1 Leverage Ratio as prescribed by bank regulatory guidance for the consolidated company and for Charles Schwab Bank, SSB (CSB), adjusted to reflect the inclusion of accumulated other comprehensive income (AOCI) in the ratio.

Inclusion of the impacts of AOCI in the Company's Tier 1 Leverage Ratio provides additional information regarding the Company's current capital position. We believe Adjusted Tier 1 Leverage Ratio may be useful to investors as a supplemental measure of the Company's capital levels.

The Company also uses adjusted diluted EPS and return on tangible common equity as components of performance criteria for employee bonus and certain executive management incentive compensation arrangements. The Compensation Committee of CSC's Board of Directors maintains discretion in evaluating performance against these criteria. Additionally, the Company uses adjusted Tier 1 Leverage Ratio in managing capital, including its use of the measure as its long-term operating objective.

Charles Schwab Corporation

Appendix

Three Months Ended,

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Total Expenses

(In millions, except ratios Excluding

Net Income

Total Expenses Excluding Interest

Net Income

Total Expenses Excluding Interest

Net Income

Total Expenses Excluding Interest

Net Income

Total Expenses

Interest

Net Income

Total expenses excluding interest (GAAP),

Net income (GAAP) $ 3,294

$ 2,479

$ 3,156

$ 2,459

$ 3,114

$ 2,358

$ 3,048

$ 2,126

$ 3,144

$ 1,909

Amortization of acquired

intangible assets (132)

132

(127)

127

(127)

127

(128)

128

(130)

130

Acquisition and integration-

related costs (11)

Income tax effects (1) N/A

(34)

N/A

(30)

N/A

(29)

N/A

(32)

N/A

(31)

Adjusted total expenses (Non-GAAP),

Adjusted net income (Non-GAAP)

$ 3,151

$ 2,588

$ 3,029

$ 2,556

$ 2,987

$ 2,456

$ 2,920

$ 2,222

$ 3,014

$ 2,008

Non-GAAP Reconciliation: Adjusted total expenses and Adjusted net income

and per share amounts)

Interest

Excluding

Note: N/A = Not applicable. 1. The income tax effects of the non-GAAP adjustments are determined using an effective tax rate reflecting the exclusion of non-deductible acquisition costs and are used to present the acquisition and integration-related costs, amortization of acquired intangible assets, and restructuring costs on an after-tax basis.

Charles Schwab Corporation

Appendix

Non-GAAP Reconciliation: Adjusted income before taxes on income and Adjusted pre-tax profit margin

Three Months Ended,

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

(In millions, except ratios

and per share amounts) Amount

% of Total Net Revenues

Amount

% of Total Net Revenues

Amount

% of Total Net Revenues

Amount

% of Total Net Revenues

Amount

% of Total Net Revenues

Income before taxes on income (GAAP),

Pre-tax profit margin (GAAP)

$ 3,188

49.2%

$ 3,180

50.2%

$ 3,021

49.2%

$ 2,803

47.9%

$ 2,455

43.8%

Amortization of acquired intangible assets

132

2.0%

127

2.0%

127

2.1%

128

2.2%

130

2.4%

Acquisition and integration-related costs

0.2%

Adjusted income before taxes on income (Non-GAAP),

Adjusted pre-tax profit margin (Non-GAAP)

3,331

51.4%

3,307

52.2%

3,148

51.3%

2,931

50.1%

2,585

46.2%

Charles Schwab Corporation

Appendix

Non-GAAP Reconciliation: Adjusted net income to common stockholders and Adjusted diluted EPS

Three Months Ended, Three Months Ended, Three Months Ended, Three Months Ended, Three Months Ended, March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025

Net income available to common stockholders (GAAP),

Earnings per common share -

diluted (GAAP) $ 2,397

$ 1.37

$ 2,367

$ 1.33

$ 2,277

$ 1.26

$ 1,977

$ 1.08

$ 1,796

$ .99

Amortization of acquired

intangible assets 132

.07

127

.08

127

.07

128

.07

130

.07

Acquisition and integration-

related costs 11

.01

Income tax effects (34)

(.02)

(30)

(.02)

(29)

(.02)

(32)

(.01)

(31)

(.02)

Adjusted net income available to common stockholders

(Non-GAAP), Adjusted diluted

EPS (Non-GAAP)

$ 2,506

$ 1.43

$ 2,464

$ 1.39

$ 2,375

$ 1.31

$ 2,073

$ 1.14

$ 1,895

$ 1.04

(In millions, except ratios and per share amounts)

Note: EPS = Earnings per share.

Amount Diluted EPS Amount Diluted EPS Amount Diluted EPS Amount Diluted EPS Amount Diluted EPS

Charles Schwab Corporation

Appendix

Non-GAAP Reconciliation: Consolidated Adjusted Tier 1 Leverage Ratio

Preliminary

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Tier 1 Leverage Ratio (GAAP)

8.9%

9.3%

9.7%

9.8%

9.9%

(In millions, except ratios and per share amounts)

Tier 1 Capital

$ 41,894

$ 42,844

$ 43,491

$ 44,267

$ 45,213

Plus: AOCI adjustment

(10,631)

(11,017)

(11,826)

(12,589)

(13,614)

Adjusted Tier 1 Capital

31,263

31,827

31,665

31,678

31,599

Average assets with regulatory adjustments

471,426

462,473

447,094

451,314

457,495

Plus: AOCI adjustment

(10,703)

(11,333)

(12,176)

(13,231)

(14,165)

Adjusted average assets with regulatory adjustments

$ 460,723

$ 451,140

$ 434,918

$ 438,083

$ 443,330

Adjusted Tier 1 Leverage Ratio (non-GAAP)

6.8%

7.1%

7.3%

7.2%

7.1%

Note: AOCI = Accumulated other comprehensive income.

Charles Schwab Corporation

Spring Business Update

April 16, 2026

Disclaimer

The Charles Schwab Corporation published this content on April 16, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 16, 2026 at 13:05 UTC.