The Charles Schwab Corporation reported record net revenues of $5.6 billion for the first quarter of 2025, an 18% increase year-over-year. GAAP net income totaled $1.9 billion, or $0.99 earnings per share.
Adjusted net income reached $2.0 billion, or $1.04 adjusted earnings per share, representing a 41% increase compared to Q1 2024. Core net new assets were $137.7 billion, a 44% year-over-year increase, driven by strong client engagement across all segments.
The company's adjusted pre-tax profit margin was 46.2%. Schwab also reduced Bank Supplemental Funding by $11.8 billion to $38.1 billion at quarter-end and repurchased $1.5 billion worth of common stock, demonstrating robust capital management and shareholder returns.
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