Charles Schwab Statistics 2026: Assets Under Management (AUM), Number of Users, Revenue, & More

Charles Schwab is a renowned financial institution offering a broad range of financial services, such as investment management, brokerage, and banking. With more than $13 trillion in client assets and over 40 million active brokerage accounts in 2026, it is one of the largest investment firms in the world.

This article will present an overview of Charles Schwab’s statistics, including its Assets Under Management (AUM), number of users, revenue, and more. By examining the latest financial reports, we will explore the company’s growth and expansion to provide a better understanding of its performance over the years.

Whether you are a Charles Schwab investor, a financial enthusiast, or just curious about the company’s market position, this article will provide you with the most up-to-date insights and statistics.

Overview

Charles Schwab has a long history dating back to the 1970s when founder Charles R. Schwab launched a discount brokerage service that was innovative and comprehensive, offering a broad range of financial products and services. Since then, the company has grown and expanded its offerings through the acquisition of other financial firms and the introduction of new products and services. The acquisition of TD Ameritrade in 2020 was a significant milestone that made Charles Schwab one of the largest brokers in the world by AUM.

Charles Schwab provides a diverse range of financial products and services to investors of all levels, including brokerage services, advisory services, banking and lending services, retirement planning services, and more.

The company has a complex corporate structure. Its significant subsidiaries, according to the 2025 annual report, include:

• Charles Schwab & Co., Inc. (broker-dealer)
• Charles Schwab Bank, SSB and Charles Schwab Premier Bank, SSB
• Charles Schwab Trust Bank
• Charles Schwab Investment Management, Inc.
• Schwab Wealth Advisory, Inc.
• Charles Schwab Futures and Forex LLC

TD Ameritrade’s accounts were fully moved to Schwab in 2024, and the TD Ameritrade entities no longer appear among the significant subsidiaries.
Each subsidiary offers different products and services; for instance, Charles Schwab Bank provides banking and lending services, while Charles Schwab Investment Management offers investment management services.

The company is divided into two main business segments: Investor Services and Advisor Services, which cater to individual investors and independent investment advisors and institutional clients. This structure enables Charles Schwab to serve a broad range of clients with different needs and goals.

Here are some key corporate facts about Charles Schwab:

• Founded: 1971
• Headquarters: Westlake, Texas, United States
• IPO date: Sep-1987
• Sector: Financials
• Industry: Investment Banking and Brokerage
• Founders: Charles R. Schwab
• Number of employees: about 33,000 full-time equivalents (December 2025)

Charles Schwab ownership

The Charles Schwab Corporation (NYSE: SCHW) is a publicly traded company headquartered in Westlake, Texas, led by President and CEO Rick Wurster and CFO Mike Verdeschi.

Ownership structure

Institutional investors hold the large majority of Charles Schwab’s shares, with Vanguard as the largest single shareholder at roughly 7% (March 2026).

In early 2025, Toronto-Dominion Bank announced its decision to divest the 10.1% stake it had acquired through the 2020 acquisition of TD Ameritrade. TD sold its shares in a secondary offering, and Schwab separately bought back $1.5 billion of its nonvoting shares directly from TD.

Company insiders, including executives and directors, retain a notable holding, with founder Charles R. Schwab holding about 5% of shares outstanding. Schwab has continued returning capital to shareholders, repurchasing 11.2 million shares for $1.0 billion during the second quarter of 2026 alone.

Financial highlights (Q2 2026)

• Net revenues: a record $7.07 billion, up 21% year-on-year.
• Net income: $2.8 billion GAAP ($2.93 billion adjusted).
• EPS: $1.54 GAAP (up 43%) and $1.62 adjusted.
• H1 2026 net revenues: $13.55 billion, up 18% year-on-year.
• Pre-tax profit margin: 51.9% GAAP and 54.3% adjusted.
• Return on tangible common equity: 44% annualised.

Financial highlights (FY 2025)

• Net revenues: $23.9 billion, up 22% from $19.6 billion.
• Net income: $8.85 billion GAAP and $9.24 billion adjusted (up 44% from $6.43 billion).

Charles Schwab users

Charles Schwab’s user base has grown significantly over the years, driven by its ability to attract new clients and retain existing ones through its diverse range of financial products and services. Additionally, strategic acquisitions such as the acquisition of TD Ameritrade in 2020 have also contributed to the company’s growth in its user base.

The following table shows the number of active client accounts for Charles Schwab from 2006 onwards. The company classifies its client accounts into three categories: active brokerage accounts, banking accounts, and corporate retirement plan participants. Active brokerage accounts are used for trading securities, such as stocks, bonds, and mutual funds, while banking accounts are used for checking and savings accounts, as well as lending and other financial services. Corporate retirement plan participants are individuals who participate in employer-sponsored retirement plans, such as 401(k) plans.

Charles Schwab users per year (after 2006)

Prior to 2006, Charles Schwab used to report the total number of client accounts without categorizing them into specific types.

Charles Schwab users per year (prior to 2006)

Charles Schwab AUM

Charles Schwab has grown its client assets consistently over three decades, from $95.8 billion in 1993 to $13.08 trillion as of June 2026, a 22% increase year-on-year, and $13.41 trillion at the end of August 2026. This growth reflects the firm’s brand strength, breadth of products and services, and sustained organic asset gathering: in the second quarter of 2026 alone, Schwab attracted $119.8 billion in core net new assets (up 49% year-on-year) and opened 1.4 million new brokerage accounts.

Client assets split between Investor Services at $7.34 trillion and Advisor Services at $5.74 trillion. The table below details Charles Schwab’s client assets since 1993.

Charles Schwab clients’ assets

Charles Schwab Investment Advisory, Inc. users

Charles Schwab Investment Advisory, Inc. (CSIA) was the registered investment adviser that sponsored Schwab Intelligent Portfolios, the firm’s robo-advisory service launched in 2015, which builds, monitors, and rebalances diversified ETF portfolios based on an investor’s goals and risk profile (minimum $5,000, no advisory fee). Schwab has since moved the programme to Charles Schwab & Co., Inc., and its 2026 brochure describes CSIA as a former affiliate.

Note that Schwab retired the hybrid Schwab Intelligent Portfolios Premium tier in early 2026, which had paired the automated service with unlimited access to certified financial planners for a monthly subscription fee.

Schwab does not break out Intelligent Portfolios separately in its quarterly earnings releases. The product sits within an aggregated “managed investing solutions” category alongside Schwab Wealth Advisory, Managed Account Select, AdvisorDirect, and others. The figures below are therefore drawn from CSIA’s Form ADV filings with the SEC, which cover the adviser’s full book of business rather than Intelligent Portfolios alone.

The table below shows the number of Charles Schwab Investment Advisory clients over the years.

Charles Schwab Investment Advisory users per year

Charles Schwab Investment Advisory, Inc. AUM

Charles Schwab Investment Advisory, Inc. grew its AUM over time, and the introduction of the free robo-advisory service, Schwab Intelligent Portfolios, further accelerated its growth, making it one of the largest Robo-advisors by AUM. However, in June 2022, the SEC charged Charles Schwab $187 million for failing to disclose that the cash allocation in its clients’ portfolios benefited Schwab Intelligent Portfolios.

Charles Schwab Investment Advisory AUM per year

Charles Schwab Investment Advisory, Inc. average account size

Charles Schwab Investment Advisory does not publicly disclose the average account size of its clients, but we can estimate it from available data. As of 2025, CSIA reported roughly $82 billion in AUM across more than 510,000 accounts, giving an estimated average account size of approximately $160,000.

This figure should be treated as indicative rather than precise. It is derived by dividing total reported AUM by total account count, so it blends larger advisory relationships with smaller automated portfolios and does not reflect the distribution of balances across clients.

Charles Schwab Investment Advisory average account size per year

It is important to note that this is an estimated calculation, and may not accurately reflect the real average account size. The actual average account size could be higher or lower, depending on the reporting date and fluctuations in market conditions during the year. Nevertheless, this estimated average account size gives us some insight into the typical account size of a Charles Schwab user.

Charles Schwab revenue and net income

Charles Schwab has exhibited steady growth in both its revenue and net income throughout the years. From 1991 to 2025, the company’s financial performance has reflected market trends, with declines during crises such as the dot-com crash, the 2008 to 2009 financial crisis, and the 2023 interest rate shock, when clients moved cash into higher-yielding products. Despite these fluctuations, the company’s revenue and net income have continued to trend upward over the long term.

Charles Schwab revenues and net income

In 2025, revenue grew 22% to a record $23.9 billion and net income rose to $8.85 billion, helped by higher trading activity, asset management fees and a recovery in net interest revenue.

Bottom line

Charles Schwab has grown consistently over three decades and is now firmly established as one of the largest players in US financial services. As of June 2026, the firm holds $13.08 trillion in total client assets across 48 million client accounts, having added $119.8 billion in core net new assets in the second quarter alone. By the end of August 2026, client assets had reached $13.41 trillion and active brokerage accounts 40.1 million.

The firm has also continued expanding its product range, launching Schwab Crypto in May 2026 for spot bitcoin and ether trading (0.75% per trade, through Charles Schwab Premier Bank, not covered by SIPC), introducing Portfolio Insights, a generative AI feature for portfolio analysis, and announcing Charley, an AI assistant rolling out from October 2026. Record daily average trading volumes of 11.9 million in the second quarter suggest client engagement is running well above historical levels.

Charles Schwab is currently one of the largest brokers by AUM, and its robo-advisory service, Schwab Intelligent Portfolios, remains one of the largest robo-advisors by AUM, though it is worth noting that Schwab discontinued the hybrid Intelligent Portfolios Premium tier in 2026, narrowing its automated advice offering.

That said, scale brings its own considerations. Schwab’s revenue remains heavily weighted toward net interest income, which makes results sensitive to interest rate movements, and the firm’s cash sweep practices have drawn regulatory and investor attention in recent years. For prospective clients, the more useful question is whether its pricing, product range, and platform match how you intend to invest.

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