SCHW · Earnings call · 2026Q3T · Full report

Trading Activity Trends

SCHWAB CHARLES CORP · 2026-10-15 · Importance 26 · Surprise 24 · In source text

Schwab remains the industry leader in trading, supported by its thinkorswim platform, more than 1,200 trading specialists, and research, education, coaching, and service. Trader client promoter scores increased seven points year over year, while trader households generate approximately seven times the net new assets and twice the revenue on client assets of the retail average. Management said AI-related engagement is contributing to daily average trade strength, with clients trading through LLMs and APIs roughly doubling over the past six months.

Key facts

• Schwab launched single stock futures and binary options related to the financial markets for trader clients.
• Trading revenue totaled $1.2 billion, up 16% versus 3Q25, with daily average trades of 10.7 million.
• Trader households generate approximately seven times the NNA and two times the revenue on client assets of the retail average.
• Trader client promoter scores increased seven points year over year.
• Schwab's platform includes more than 1,200 expert trading specialists.
• SCHWAB CHARLES CORP sees somewhere between 1% and 2% of trading activity outside of market hours.
• SCHWAB CHARLES CORP is seeing limited interest and not tremendous uptake in trading outside of market hours.

Impact estimates