Charles Schwab Corp (NYSE:SCHW) on Thursday reported record financial results for its third quarter 2025, exceeding Wall Street estimates as the company’s client assets continue to climb and trading activity surged.
The brokerage firm posted adjusted earnings for the quarter of $1.31 per share, surpassing the $1.25 consensus estimate from analysts polled by FactSet.
Its revenue for the period rose 27% year over year to $6.14 billion, also beating the Wall Street forecast.
“Our unwavering focus on delivering for clients helped us attract $137.5 billion in Q3 core net new assets plus over 1 million new brokerage accounts for the fourth straight quarter,” Charles Schwab CEO Rick Wurster said in a statement.
“Strengthening organic growth trends, increasing adoption of wealth solutions, and favorable macroeconomic tailwinds powered another quarter of record revenue and earnings per share.”
Schwab’s core net new assets increased 44% from a year ago, while its total client assets reached a record $11.59 trillion.
Charles Schwab shares rose 0.7% to $94.96 in early trading on Thursday.