The Charles Schwab Corporation reported record net income of $2.1 billion, or $1.08 earnings per share (GAAP), for the second quarter of 2025. Adjusted net income reached $2.2 billion, or $1.14 adjusted earnings per share, marking a 56% increase compared to Q2 2024.
Total net revenues for the second quarter surged 25% year-over-year to $5.9 billion, driven by robust trading activity and increased asset management fees. Core net new assets totaled $80.3 billion, up 31% year-over-year, with new brokerage accounts exceeding 1 million.
Total client assets reached a record $10.76 trillion. Schwab also reduced Bank Supplemental Funding by $10.4 billion to $27.7 billion at quarter-end and returned $2.8 billion of excess capital, including redeeming $2.5 billion in preferred equity and repurchasing $350 million of common stock.
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