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Schwab Total Client Assets Rise Y/Y in October on Higher NNAs
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Key Takeaways
Schwab's total client assets reached $11.83T in October, rising year over year and sequentially.
Core NNA hit $44.4B, surging from last year despite a slight sequential decline.
New brokerage accounts jumped to 429,000, with active accounts and banking accounts also advancing.
Charles Schwab (SCHW - Free Report) released its monthly activity report for October 2025. The company’s total client assets were $11.83 trillion, up 20.1% from October 2024 and 2% sequentially. This was driven by the volatile markets during the month.
Client assets receiving ongoing advisory services were $5.91 trillion, growing 19% from the year-ago period and 1.8% from the prior month.
SCHW’s October Performance Breakdown
SCHW’s core net new assets (NNA) of $44.4 billion in October 2025 surged substantially from the prior-year month and declined 3.9% sequentially.
Schwab’s average interest-earning assets of $433.6 billion rose 2.7% from October 2024 and 2.4% from the previous month. Average margin balances were $101.2 billion, up 36.6% from the year-ago month and 7% from September 2025. Average bank deposit account balances totaled $76.2 billion, down 8.5% from the prior-year month and 3.9% from the last month.
Schwab opened 429,000 new brokerage accounts in October 2025, up 29.6% from the year-earlier month and 11.7% sequentially.
Further, Schwab’s active brokerage accounts totaled 38.1 million at the end of October 2025, up 5.7% year over year and marginally from September 2025. Client banking accounts were 2.17 million, up 10.4% from the October 2024 level and 1% sequentially. The number of workplace plan participant accounts was up 5.3% year over year and 1.4% from the September 2025 level to 5.7 million.
SCHW’s Zacks Rank & Price Performance
In the past six months, Schwab shares have rallied 5.8% compared with the industry’s growth of 18.1%.
Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for October 2025. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. The company reported a rise in client Daily Average Revenue Trades (DARTs) from a year ago.
IBKR’s total client DARTs in October were 4,472,000, representing a 58.4% increase from October 2024 and a 15.7% rise from September 2025.
Robinhood Markets, Inc. (HOOD - Free Report) has released the monthly operating data for October 2025. It reported a rise in equity, options and crypto DARTs from the year-ago period.
HOOD’s total Platform Assets at the end of October 2025 were $342.6 billion, up 114.5% year over year and 3% from September 2025.
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Schwab Total Client Assets Rise Y/Y in October on Higher NNAs
Key Takeaways
Charles Schwab (SCHW - Free Report) released its monthly activity report for October 2025. The company’s total client assets were $11.83 trillion, up 20.1% from October 2024 and 2% sequentially. This was driven by the volatile markets during the month.
Client assets receiving ongoing advisory services were $5.91 trillion, growing 19% from the year-ago period and 1.8% from the prior month.
SCHW’s October Performance Breakdown
SCHW’s core net new assets (NNA) of $44.4 billion in October 2025 surged substantially from the prior-year month and declined 3.9% sequentially.
Schwab’s average interest-earning assets of $433.6 billion rose 2.7% from October 2024 and 2.4% from the previous month. Average margin balances were $101.2 billion, up 36.6% from the year-ago month and 7% from September 2025. Average bank deposit account balances totaled $76.2 billion, down 8.5% from the prior-year month and 3.9% from the last month.
Schwab opened 429,000 new brokerage accounts in October 2025, up 29.6% from the year-earlier month and 11.7% sequentially.
Further, Schwab’s active brokerage accounts totaled 38.1 million at the end of October 2025, up 5.7% year over year and marginally from September 2025. Client banking accounts were 2.17 million, up 10.4% from the October 2024 level and 1% sequentially. The number of workplace plan participant accounts was up 5.3% year over year and 1.4% from the September 2025 level to 5.7 million.
SCHW’s Zacks Rank & Price Performance
In the past six months, Schwab shares have rallied 5.8% compared with the industry’s growth of 18.1%.
Image Source: Zacks Investment Research
Currently, SCHW carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performance of Schwab’s Peers in October
Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for October 2025. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. The company reported a rise in client Daily Average Revenue Trades (DARTs) from a year ago.
IBKR’s total client DARTs in October were 4,472,000, representing a 58.4% increase from October 2024 and a 15.7% rise from September 2025.
Robinhood Markets, Inc. (HOOD - Free Report) has released the monthly operating data for October 2025. It reported a rise in equity, options and crypto DARTs from the year-ago period.
HOOD’s total Platform Assets at the end of October 2025 were $342.6 billion, up 114.5% year over year and 3% from September 2025.