Schwab Stock Falls As Revenue Misses Despite Record Quarterly Profit

Aditya Raghunath3 minute read
Reviewed by: Thomas Richmond
Last updated Apr 19, 2026

Key Stats for Schwab Stock

  • YTD price change for Schwab stock: -9%
  • $SCHW Share Price as of Apr. 17: $92
  • 52-Week High: $108
  • $SCHW Stock Price Target: $115

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What Happened?

Schwab (SCHW) stock fell 8% on Thursday after the company posted Q1 2026 earnings that were mostly strong — but not quite strong enough on the revenue line.

  • The firm brought in $6.48 billion in revenue, just shy of the $6.5 billion analysts expected.
  • That small miss is what’s driving the early pressure on Schwab stock, even though the underlying numbers were solid.
  • On the earnings side, Schwab beat expectations.
  • Adjusted EPS came in at $1.43, topping the $1.40 estimate by 3 cents. That’s also up 38% from the same quarter last year.
  • Revenue grew 16% year-over-year, fueled by record client trading activity — 9.9 million daily average trades — and strong demand for wealth management products.
SCHW Stock Q1 Earnings vs. Estimates in Billion USD (TIKR)

CEO Rick Wurster highlighted the firm’s momentum, pointing to $158 billion in core net new assets (a Q1 record), record managed investing flows, and rapid expansion of AI-powered tools across the platform.

See analysts’ growth forecasts and price targets for Schwab stock (It’s free) >>>

What the Market Is Telling Us About Schwab Stock

Schwab stock has been a strong performer over the past year, up over 21%. So even a small revenue miss is enough to trigger a pullback after that kind of run.

The bigger picture, though, looks healthy. The company is growing fast, clients are highly engaged, and management said it’s tracking above its previously stated EPS range for 2026. A more detailed financial update is expected in July.

SCHW Stock Valuation Model (TIKR)

Schwab stock remains a well-run business. Today’s dip looks more like a “sell the news” reaction than a sign of deeper trouble.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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