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. The company has been providing top-notch financial services and products to its customers for decades.

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, with various subsidiaries such as:

• Charles Schwab & Co;
• TD Ameritrade;
• TD Ameritrade Clearing;
• Charles Schwab Bank;
• Charles Schwab Investment Management.

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: California, United States
• IPO date: Sep-1987
• Sector: Financials
• Industry: Investment Banking and Brokerage
• Founders: Charles R. Schwab
• Number of employees: +33,000

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, accounting for roughly 75% of the total, with The Vanguard Group as the largest single shareholder at approximately 8.2%.

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. As part of that divestiture, Charles Schwab agreed to repurchase $1.5 billion of its shares from TD Bank.

Company insiders, including executives and directors, retain a notable holding, with founder Charles R. Schwab holding approximately 6% 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)

• Q2 2026 net revenues: $7.07 billion – a record, up 21% year-on-year;
• Q2 2026 net income: $2.8 billion GAAP ($2.93 billion adjusted), up 32% year-on-year;
• Q2 2026 GAAP EPS: $1.54 / adjusted $1.62, up 43% and 42% respectively;
• H1 2026 net revenues: $13.55 billion, up 18% year-on-year;
• Q2 2026 pre-tax profit margin: 51.9% GAAP / 54.3% adjusted;
• Return on tangible common equity: 44% annualised.

Financial highlights (FY 2025)

• FY 2025 net revenues: $23.9 billion (up 22% from $19.6 billion);
• FY 2025 adjusted net income: $9.24 billion (up 44% from $6.43 billion).

Charles Schwab users

Charles Schwab user base grew significantly over the year, 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. 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) is a registered investment adviser subsidiary of the Charles Schwab Corporation, providing investment management services to Schwab clients. Among its offerings is Schwab Intelligent Portfolios, the firm’s robo-advisory service launched in 2015, which uses algorithms to build, monitor, and rebalance diversified ETF portfolios based on an investor’s stated goals and risk profile.

Note that Schwab discontinued the hybrid Schwab Intelligent Portfolios Premium tier in 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. has consistently grown 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 2024, the company’s financial performance has reflected market trends, and it has experienced declines during crises and recessions such as the tech bubble, the 2009 financial crisis, and the COVID-19 pandemic. 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

It is uncertain if the company plans to go public through an IPO in the near future, as it has not made any official announcements regarding this matter. However, given its steady growth and increasing valuation, an IPO may be possible in the coming years.

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 – an organic growth rate that reflects continued competitiveness rather than market appreciation alone.

The firm has also continued expanding its product range, launching Schwab Crypto in 2026 to give retail clients direct access to Bitcoin and Ethereum trading, and introducing Portfolio Insights, a generative AI feature for portfolio analysis. 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 relevant question is not whether Schwab is large enough to be stable – clearly it is – but whether its pricing, product range, and platform match how you actually intend to invest.

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