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The Charles Schwab Corporation reported record net revenues of $6.14 billion for the third quarter of 2025, a 27% year-over-year increase, surpassing the Zacks Consensus Estimate of $5.95 billion. Adjusted earnings per share rose 70% to $1.31, exceeding the consensus estimate of $1.23.
Schwab attracted $137.5 billion in core net new assets, a 44% year-over-year jump, bringing total client assets to a record $11.59 trillion. Daily average trading volumes increased by 30% to 7.42 million trades, contributing to a 25% rise in trading revenues to $995 million.
Net interest revenues increased by 37% to $3.05 billion due to favorable interest rates, while asset management and administration revenues grew 13% to $1.67 billion. As of September 30, 2025, Schwab had 38 million active brokerage accounts.
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