Charles Schwab beats Q2 earnings and revenue estimates with record $7.07B revenue, despite rising expenses.

Charles Schwab reported strong Q2 2026 results with earnings per share of $1.62, exceeding estimates and marking a 42% increase year-over-year. The company achieved record quarterly revenue of $7.07 billion, driven by increased trading activity and higher net interest income. However, shares dipped slightly in pre-market trading due to a 12% rise in expenses, which raised concerns about profitability. Overall, the results highlight Schwab's growth but also point to cost pressures ahead.