Schwab Exceeds Expectations in Q4 2025 Earnings Call Transcript

Schwab (SCHW) Q4 2025 earnings call highlights record-breaking growth, with core net new assets reaching $519 billion (42% annual increase), managed investing net flows growing 36% to $70 billion, and client assets surpassing $12 trillion. Total net revenues reached a record $23.9 billion, and adjusted earnings per share hit a record $4.87. The company also reported a 50% year-over-year increase in adjusted pretax profit margin. For 2026, Schwab forecasts total revenue growth of 9.5%-10.5% and expects adjusted EPS to be in the range of $5.70-$5.80.