Strong Earnings Performance: Schwab reported a record revenue of $5.9 billion for Q2 2025, reflecting a 25% year-over-year growth. Adjusted earnings per share reached $1.14, a significant increase of 56% compared to the same period last year. The adjusted pretax margin exceeded 50% as a result of balanced expense management and strong client engagement.

Robust Client Growth: Core net new assets for the first half of 2025 reached $218 billion, a 39% increase, with Q2 alone contributing $80.3 billion, representing a 31% year-over-year growth. The company opened 1.1 million new brokerage accounts in Q2, highlighting strong retail engagement and the ongoing appeal of Schwab's value proposition among younger investors.

Outlook for 2025: Schwab anticipates total revenue growth of 18.5% to 19.5% for the full year, supported by updated macroeconomic factors including expected interest rate cuts and equity market rebounds. Projected interest margins are expected to be between 2.65% and 2.75%. Adjusted earnings are forecasted to be in the range of $4.55 to $4.65 for the year, signaling potential year-over-year growth of about 40%.