Charles Schwab (NYSE: SCHW) Q3 Earnings Preview: Key Metrics and Analyst Expectations

• Charles Schwab (NYSE: SCHW) is expected to report Q3 2026 earnings with an estimated $1.66 EPS and revenue between $7.18 billion and $7.19 billion.
• Key growth drivers for the financial services giant include projected 18.2% rise in trading revenue, net interest revenue, and asset management fees, despite concerns over rising expenses.
• Analyst sentiment is largely positive, with 19 out of 26 analysts rating Charles Schwab a "buy" or "overweight," and the stock currently trades at a trailing P/E ratio of 17.38.

Charles Schwab (NYSE: SCHW) is expected to report third-quarter earnings before the market opens on October 15, 2026. The prominent brokerage firm, Charles Schwab, provides brokerage, banking, and investment services to individual investors and financial advisers. Wall Street estimates earnings of $1.66 per share and revenue of approximately $7.18 billion.

As highlighted by Zacks Equity Research, another analyst consensus puts revenue at $7.19 billion, up 17.3% from a year earlier. Its $1.66 earnings-per-share estimate represents 26.7% growth. Earnings per share measures profit divided by the number of shares. The estimate has risen 0.4% over the past 30 days.

As highlighted by Zacks, Charles Schwab's trading revenue is projected to rise 18.2%, helped by market volatility and active clients. Net interest revenue—the difference between interest earned and interest paid—and asset management fees could also support results. Rising expenses remain a concern for the investment services provider. Charles Schwab has beaten the Zacks Consensus Estimate in each of the past four quarters.

As highlighted by The Motley Fool, investors are watching whether Charles Schwab maintains the double-digit growth seen in recent quarters and how its businesses perform. Strong results could lift the stock, but a gain is not assured. Among 26 analysts cited, 19 rate Charles Schwab a buy or overweight, six rate it a hold, and one rates it underweight.

Charles Schwab has a trailing price-to-earnings ratio of 17.38, meaning its share price is 17.38 times its earnings over the past year. Its price-to-sales ratio is 5.56. These valuation metrics give investors a way to compare the stock’s price with its reported results ahead of the earnings release.