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SCHW's July 2026 Client Assets Rise Y/Y: A Revenue Growth Signal?
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Key Takeaways
Schwab's client assets rose 19% y/y to $13.04T, with core net new assets hitting a July record of $58.1B.
Advisory assets climbed 21.5% to $6.70T, while new brokerage accounts rose 11% y/y.
Schwab's July 2026 DATs surged 61% y/y to 11.6M, supporting further trading-related revenue growth.
Charles Schwab’s (SCHW - Free Report) client asset momentum remained strong in July 2026, reflecting robust asset gathering and sustained client engagement. Total client assets reached $13.04 trillion at month-end, up 19% year over year, while assets receiving ongoing advisory services increased 21.5% to $6.70 trillion. Core net new assets hit a July record of $58.1 billion, rising 24% year over year.
Schwab’s asset growth has been supported by a combination of organic asset inflows and its efforts to expand its client base. Inorganic expansion has also played an important role, with acquisitions contributing to the company’s client asset growth over the past several years. Schwab’s total client assets saw a 12.2% compound annual growth rate (CAGR) over the five years ended 2025, with the uptrend continuing through the first six months of 2026. Its focus on advisory solutions has also been bearing fruit, with managed investing solutions revenues witnessing an 11.1% CAGR during the same five years.
The rising asset base is particularly beneficial because it can support revenue growth even when Schwab reduces fees on certain investing solution products. A larger pool of average client assets helps offset fee compression and supports higher asset management and administration revenues.
At the same time, heightened market volatility and strong investor participation have been driving trading activity. Schwab reported a year-over-year increase in trading revenues in the first half of 2026, while July’s strong asset gathering and client engagement provide a favorable backdrop for further trading-related revenue growth. In July, Schwab’s Client Daily Average Trades (DATs) were 11.6 million, up 61% year over year.
Thus, continued organic asset gathering, favorable market conditions and Schwab’s inorganic expansion efforts should support further growth in client assets and strengthen its revenue-generating base. The Zacks Consensus Estimate for SCHW’s 2026 and 2027 revenues is $28.29 billion and $31.70 billion, implying respective year-over-year growth of 18.3% and 12%, underscoring expectations for continued top-line momentum.
Additional Data From Schwab’s July Activity
SCHW’s average interest-earning assets at the end of July 2026 were $449.9 billion, which rose 8% from July 2025.
Margin balances at month end were $169.9 billion, up 92% from the year-ago month. Total money market funds were $695.3 billion, up 6%. Schwab opened 417,000 new brokerage accounts in July 2026, up 11% from the year-earlier month.
The company’s active brokerage accounts totaled 39.9 million, up 6% year over year. Client banking accounts were 2.4 million, up 13% from July 2025. The number of workplace plan participant accounts was up 5% year over year to 5.9 million.
Schwab’s Competitive Landscape
Schwab’s two closest peers are Robinhood Markets, Inc. (HOOD - Free Report) and Interactive Brokers (IBKR - Free Report) . Let us see how these two firms performed in July 2026.
Robinhood reported strong growth in equity and options DATs in July, underscoring continued momentum in its active-trader business. Equity DATs rose 29.7% year over year to 4.8 million, while options DATs surged 90.9% to 2.1 million. However, crypto DATs fell 45.4% to 0.6 million, highlighting the mixed trend across Robinhood’s trading businesses.
Likewise, Interactive Brokers reported daily average revenue trades of 4.4 million in July 2026, up 27% year over year, while customer accounts rose 34% to 5.32 million. IBKR continues to expand its product suite and global reach, including nearly 24/5 Forecast Contracts trading, a unified prediction markets interface and broader access to Korean equities.
Shares of Schwab have rallied 17.8% over the past six months compared with the industry’s rise of 16.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, SCHW trades at a forward price-to-earnings (P/E) ratio of 15.10, above the industry average.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Schwab’s 2026 and 2027 earnings indicates year-over-year growth of 32.7% and 21.1%, respectively. Over the past 30 days, earnings estimates for both years have been revised upward.
View the Zacks #1 Rank List
Image: Bigstock
SCHW's July 2026 Client Assets Rise Y/Y: A Revenue Growth Signal?
Key Takeaways
Charles Schwab’s (SCHW - Free Report) client asset momentum remained strong in July 2026, reflecting robust asset gathering and sustained client engagement. Total client assets reached $13.04 trillion at month-end, up 19% year over year, while assets receiving ongoing advisory services increased 21.5% to $6.70 trillion. Core net new assets hit a July record of $58.1 billion, rising 24% year over year.
Schwab’s asset growth has been supported by a combination of organic asset inflows and its efforts to expand its client base. Inorganic expansion has also played an important role, with acquisitions contributing to the company’s client asset growth over the past several years. Schwab’s total client assets saw a 12.2% compound annual growth rate (CAGR) over the five years ended 2025, with the uptrend continuing through the first six months of 2026. Its focus on advisory solutions has also been bearing fruit, with managed investing solutions revenues witnessing an 11.1% CAGR during the same five years.
The rising asset base is particularly beneficial because it can support revenue growth even when Schwab reduces fees on certain investing solution products. A larger pool of average client assets helps offset fee compression and supports higher asset management and administration revenues.
At the same time, heightened market volatility and strong investor participation have been driving trading activity. Schwab reported a year-over-year increase in trading revenues in the first half of 2026, while July’s strong asset gathering and client engagement provide a favorable backdrop for further trading-related revenue growth. In July, Schwab’s Client Daily Average Trades (DATs) were 11.6 million, up 61% year over year.
Thus, continued organic asset gathering, favorable market conditions and Schwab’s inorganic expansion efforts should support further growth in client assets and strengthen its revenue-generating base. The Zacks Consensus Estimate for SCHW’s 2026 and 2027 revenues is $28.29 billion and $31.70 billion, implying respective year-over-year growth of 18.3% and 12%, underscoring expectations for continued top-line momentum.
Additional Data From Schwab’s July Activity
SCHW’s average interest-earning assets at the end of July 2026 were $449.9 billion, which rose 8% from July 2025.
Margin balances at month end were $169.9 billion, up 92% from the year-ago month. Total money market funds were $695.3 billion, up 6%.
Schwab opened 417,000 new brokerage accounts in July 2026, up 11% from the year-earlier month.
The company’s active brokerage accounts totaled 39.9 million, up 6% year over year. Client banking accounts were 2.4 million, up 13% from July 2025. The number of workplace plan participant accounts was up 5% year over year to 5.9 million.
Schwab’s Competitive Landscape
Schwab’s two closest peers are Robinhood Markets, Inc. (HOOD - Free Report) and Interactive Brokers (IBKR - Free Report) . Let us see how these two firms performed in July 2026.
Robinhood reported strong growth in equity and options DATs in July, underscoring continued momentum in its active-trader business. Equity DATs rose 29.7% year over year to 4.8 million, while options DATs surged 90.9% to 2.1 million. However, crypto DATs fell 45.4% to 0.6 million, highlighting the mixed trend across Robinhood’s trading businesses.
Likewise, Interactive Brokers reported daily average revenue trades of 4.4 million in July 2026, up 27% year over year, while customer accounts rose 34% to 5.32 million. IBKR continues to expand its product suite and global reach, including nearly 24/5 Forecast Contracts trading, a unified prediction markets interface and broader access to Korean equities.
SCHW’s Price Performance, Valuation & Estimate Analysis
Shares of Schwab have rallied 17.8% over the past six months compared with the industry’s rise of 16.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, SCHW trades at a forward price-to-earnings (P/E) ratio of 15.10, above the industry average.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Schwab’s 2026 and 2027 earnings indicates year-over-year growth of 32.7% and 21.1%, respectively. Over the past 30 days, earnings estimates for both years have been revised upward.
Image Source: Zacks Investment Research
Currently, Schwab carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.