Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
Client cash got cheaper while the lending book grew
Schwab kept more of every interest dollar, so net interest revenue reached 47.5% of total net revenues.
For investorsWhat keeps Schwab's funding cost low, and what would raise it
For foundersTurning a customer convenience into a funding engine
Revenue rose 20.87% against 11.65% for expenses, so most of the added revenue reached pre-tax income.
Quarterly cash flow swings from below zero to far above net income, so it signals liquidity, not earnings.
Clients hold cash for convenience, not yield, which lets Schwab pay a rate it sets and lend the money out.
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Business Lens describes Charles Schwab Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
