Charles Schwab Q4 Earnings Rise on Higher Trading Revenue, Shares Up 3%

Charles Schwab Corp. reported stronger-than-expected fourth-quarter earnings on January 21, 2026, driven by increased trading activity and higher client asset balances. The company posted net income of $578 million, or $1.13 per share, up 12% year-over-year, surpassing analyst estimates of $1.09 per share. Total revenue reached $2.1 billion, a 7% increase from the same period in 2025. The results were fueled by a 15% rise in commission-based trading revenue and a 6% growth in average client assets under management. Schwab’s stock rose 3% in after-hours trading following the release. The firm also announced a quarterly dividend of $0.40 per share, unchanged from the prior quarter, with plans to repurchase $1.2 billion in common stock through 2026.