The Charles Schwab Corporation has reported impressive financial results for the second quarter of 2025, showcasing strong growth across key metrics.
Notably, the company achieved a 25% increase in net revenues, reaching a record $5.9 billion for the quarter. This growth was driven by a 31% increase in core net new assets (NNA) compared to the same period last year, totaling $80.3 billion.
The company's total client assets reached a record $10.76 trillion, representing a significant 14% year-over-year increase.
In terms of new accounts, Charles Schwab saw a noteworthy milestone, as new brokerage account openings increased by 11% year-over-year to 1.1 million for the quarter. This growth contributed to the active brokerage accounts and total client accounts reaching 37.5 million and 45.2 million, respectively.
The company also experienced a 37% increase in managed investing solutions net inflows compared to the second quarter of 2024.
On the financial front, the firm reported a 60% year-over-year increase in GAAP net income, amounting to $2.1 billion for the quarter. Adjusted net income, excluding pre-tax transaction-related costs, reached $2.2 billion, reflecting a 52% increase compared to the same period in 2024.
Earnings per share also exhibited substantial growth, with GAAP diluted earnings per common share at $1.08, marking a 64% increase from the prior year. Adjusted diluted earnings per common share stood at $1.14, reflecting a 56% year-over-year growth.
Furthermore, the company demonstrated diligent balance sheet management, reducing its bank supplemental funding by $10.4 billion to $27.7 billion at quarter-end.
In terms of capital return, Charles Schwab returned approximately $2.8 billion of excess capital during the quarter through various means, including redeeming approximately $2.5 billion in preferred equity and repurchasing just over $350 million of common stock.
As a result of these announcements, the company's shares have moved 2.9% on the market, and are now trading at a price of $95.80. If you want to know more, read the company's complete 8-K report here.