Schwab Earnings Showcase Dominant Growth & ETF Momentum

On Wednesday, January 21, Charles Schwab released its Q4 2025 earnings, along with its monthly activity report for December 2025. 

Schwab’s latest release had plenty of crucial information to take in. The brokerage firm reported $519 billion in core net new assets across 2025, representing an organic growth rate of 5.1%. Furthermore, revenue growth for the year increased 22% compared to 2024’s numbers. 

In the fourth quarter specifically, total client assets rose 18% year-over-year. This brings Schwab’s total client assets to record numbers of $11.9 trillion. 

These earnings may sound impressive, but they actually came in slightly below analyst expectations. FactSet analyst consensus had Schwab’s earnings per share at $1.40, but the firm reported $1.39. Meanwhile, fourth quarter revenue actually came in slightly lower than what analysts were expecting. Regardless, Schwab’s results were certainly impressive enough to keep the company’s stock trending higher, following the earnings.

Schwab is also reporting plenty of momentum on the ETF front as well. On their platform, the firm reported that the amount of client assets allocated to proprietary ETFs in Q4 2025 increased 25% compared to Q4 2024. Meanwhile, total client assets in other third-party ETFs increased by 30% over the same time period. 

One of Schwab’s top ETFs in terms of AUM is the Schwab US Dividend Equity ETF (SCHD). FactSet data shows that across the year 2025, SCHD saw net inflows well above $5 billion. 

SCHD looks to offer distinct exposure to dividend-paying equities through the flexible ETF wrapper. This can help advisors and investors who are looking to supplement their income, or expand portfolio yield from sources outside of fixed income. Furthermore, the fund comes with a low net expense ratio of 0.06%. 

Currently, SCHD is continuing to reward its investors with compelling results. As of December 31, 2025, the fund has a distribution yield of 3.82%. 

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