SCHW · News · 20261016N

Operating Margin Drivers

SCHWAB CHARLES CORP · 2026-10-16 · Importance 30 · Surprise 40

Q3 2026 operating margin was 52.7%, compared with 49.2% in the same quarter of 2025. The 350-basis-point improvement indicates stronger operating leverage during a quarter when revenue increased 16.9% year over year. Analysts also attributed the earnings beat primarily to lower expenses and a favorable tax rate.

Key facts

• Charles Schwab reported an operating margin of 52.7% in Q3 2026, up from 49.2% in the same quarter last year. source