Charles Schwab Corporation · Earnings release · 8-K Exhibit 99

SCHWAB REPORTS RECORD QUARTERLY REVENUE AND EARNINGS

Record June Core Net New Assets Grew 47% Year-Over-Year to $62.7 Billion

2Q Net Revenues Reached a Record $7.1 Billion, Up 21% Year-Over-Year

Record GAAP Earnings Per Share of $1.54; $1.62 Adjusted (1) – up 42% versus 2Q25

WESTLAKE, Texas, July 21, 2026 – The Charles Schwab Corporation reported net income for the second quarter totaling $2.8 billion, or earnings per share of $1.54. Excluding $170 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.9 billion and $1.62, respectively.

Client Driven

Growth

Net New Assets

“Schwab’s leading value proposition continued to resonate in 2Q26, as investors opened 1.4 million new brokerage accounts and brought $120 billion in core net new assets to the firm. June core asset gathering totaled a record $62.7 billion – an annualized organic growth rate of 5.8%.”

President & CEO Rick Wurster

Deepen Client Relationships

2Q26 Managed Investing

Net Flows Growth

“Investors continued to engage with Schwab’s expanding set of solutions during 2Q as daily average trades reached a record 11.9 million, T1net flows into Schwab Wealth AdvisoryTM increased 80% year-over-year, and Pledged Asset LineTM balances equaled $33.4 billion – up 59% from 2Q25.”

President & CEO Rick Wurster

Diversified Revenue Growth

“Our ability to do more for clients throughout their financial lives enables Schwab to deliver robust results across a range of environments. T2During the second quarter, strong client engagement helped drive year-over-year revenue growth of 21% to a record $7.1 billion.”

CFO Mike Verdeschi

Strong Earnings Momentum

“During 2Q26, the strength of Schwab’s diversified business model, our industry-leading scale, and opportunistic capital return in multiple forms combined to deliver year-over-year GAAP earnings growth of 43% to a record $1.54 per share, or $1.62 on an adjusted (1) basis.”

CFO Mike Verdeschi

2Q26 Client and Business Highlights

•Total client assets increased 22% year-over-year to $13.08 trillion

•T3Core net new assets totaled $119.8 billion, up 49% versus 2Q25

•New brokerage account openings equaled 1.4 million, helping bring total client accounts to 48.0 million

•Managed Investing Solutions net flows grew 53% versus 2Q25

•T4Bank loan balances equaled $67.0 billion at June month-end, up 33% year-over-year

•Margin loan balances increased 30% quarter-over-quarter to $165.1 billion at quarter-end

•Long/short strategy interest remained strong amongst RIA clients (2), with margin loan debits and short cash credits equaling $42.1 billion and $43.7 billion, respectively, as of June 30, 2026

•T5Daily average trading volume reached a record 11.9 million – up 57% versus 2Q25

•Launched Schwab CryptoTM, providing direct access to Bitcoin and Ethereum trading for retail clients

•T6Introduced Portfolio Insights, a generative AI-powered capability that helps investors understand portfolio performance (3)

•Schwab recognized as the Best Investing Platform by U.S. News for the 4th consecutive year (4)

- 1 -

Three Months Ended

%

Six Months Ended

%

Financial Highlights

Change

Change

Net revenues (in millions)

$

$

$

$

Net income (in millions)

GAAP

$

$

$

$

Adjusted

$

$

$

$

Diluted earnings per common share

GAAP

$

$

$

$

Adjusted

$

$

$

$

Pre-tax profit margin

GAAP

%

%

%

%

Adjusted

%

%

%

%

Return on average common

stockholders’ equity (annualized)

%

%

%

%

Return on tangible

common equity (annualized)

%

%

%

%

Note: Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the nearest cent, based on weighted-average diluted common shares outstanding.

2Q26 Financial Commentary

•Quarterly net revenues grew year-over-year by 21% to a record $7.1 billion

•T7Net interest margin for the quarter expanded 12 basis points quarter-over-quarter to 3.00%

•Client transactional sweep cash balances ended June at $485.7 billion, an increase of $24.2 billion versus the prior quarter-end, reflecting typical 2Q tax seasonality, organic growth, and client asset allocation decisions

•Average interest-earning assets for the quarter equaled $445.0 billion, up 5% versus 2Q25

•Asset management and administration fees grew by 16% year-over-year to $1.8 billion, powered by the firm’s organic growth and investors’ increased utilization of our wealth and asset management solutions

•Record client trading activity drove trading revenue of $1.2 billion, up 28% year-over-year

•GAAP expenses for the quarter increased 12% year-over-year; excluding acquisition and integration-related costs and the amortization of acquired intangibles of $170 million, adjusted total expenses (1) were up 11% relative to 2Q25

•Capital ratios across the firm remained strong – including preliminary consolidated Tier 1 Leverage and adjusted Tier 1 Leverage (1) equaling 8.7% and 6.8%, respectively

•Redeemed $2.1 billion Series I Preferred Stock and issued $1.5 billion Series L Preferred Stock

•T8Repurchased 11.2 million shares of our common stock for $1.0 billion during the quarter

(1) Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 10-12 of this release.

(2) Client margin loans and short credits related to certain long/short strategies utilized by RIAs are excluded from interest-earning assets and company funding sources.

(3) Portfolio Insights (Insights) is a generative artificial intelligence feature designed to provide: (1) a narrative snapshot of a client’s Portfolio’s Day Change performance as of now versus the prior trading day’s close; (2) a recap of recent news about the top S&P 500® equity movers (up to five securities) most affecting the value of a client’s portfolio; and (3) snippets of the day’s Schwab Center for Financial Research and other Schwab expert content related to a client’s portfolio. The summaries can be refreshed throughout the day. Insights into specific securities are not necessarily representative of a client’s portfolio. The securities referenced to prepare each Insight vary and certain asset types are excluded.

Insights should not be construed as investment advice or recommendations and are for informational and educational purposes only. Generative AI output may be inaccurate, containing hallucinated, stale, or incomplete information. Clients should consult their Account Statement(s) for complete account information. For more information about Schwab Portfolio Insights, please visit https://www.schwab.com/legal/portfolio-insights-disclosure.

(4) U.S. News & World Report’s Best Investing Platforms awards were given on 04/16/2026. The criteria, evaluation, and ranking were determined by U.S. News & World Report. See https://money.usnews.com/investing/best-brokers/methodology for more information. Schwab paid a licensing fee to U.S. News & World Report for use of the award and logos.

Summer Business Update

The company will host its Summer Business Update for institutional investors this morning from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET.

Registration for this Update webcast is accessible at https://www.aboutschwab.com/schwabevents.

- 2 -

Forward-Looking Statements

This press release contains forward-looking statements relating to the company’s diversified business model, scale, solutions, client engagement, and capital return. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences are described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 39.8 million active brokerage accounts, 5.9 million workplace plan participant accounts, 2.4 million banking accounts, and $13.08 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor ServicesTM.

Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.

Contact Information

MEDIA

public.relations@schwab.com

INVESTORS/ANALYSTS

investor.relations@schwab.com

- 3 -

THE CHARLES SCHWAB CORPORATION

Consolidated Statements of Income

(In millions, except per share amounts)

(Unaudited)

Three Months Ended

Six Months Ended

Net Revenues

Interest revenue

$

$

$

$

Interest expense

Net interest revenue

Asset management and administration fees

Trading revenue

Bank deposit account fees

Other

Total net revenues

Expenses Excluding Interest

Compensation and benefits

Professional services

Occupancy and equipment

Advertising and market development

Communications

Depreciation and amortization

Amortization of acquired intangible assets

Regulatory fees and assessments

Other

Total expenses excluding interest

Income before taxes on income

Taxes on income

Net Income

Preferred stock dividends and other

Net Income Available to Common Stockholders

$

$

$

$

Weighted-Average Common Shares Outstanding:

Basic

Diluted

Earnings Per Common Shares Outstanding:

Basic

$

$

$

$

Diluted

$

$

$

$

- 4 -

THE CHARLES SCHWAB CORPORATION

Financial and Operating Highlights

(Unaudited)

vs.

vs.

Second

First

Fourth

Third

Second

(In millions, except per share amounts and as noted)

Quarter

Quarter

Quarter

Quarter

Quarter

Net Revenues

Net interest revenue

%

7

%

$

$

$

$

$

Asset management and administration fees

%

4

%

Trading revenue

%

%

Bank deposit account fees

%

%

Other

%

%

Total net revenues

%

9

%

Expenses Excluding Interest

Compensation and benefits

%

(1)

%

Professional services

5

%

1

%

Occupancy and equipment

%

6

%

Advertising and market development

3

%

%

Communications

%

%

Depreciation and amortization

(8)

%

(1)

%

Amortization of acquired intangible assets

%

8

%

Regulatory fees and assessments

%

%

Other

%

%

Total expenses excluding interest

%

3

%

Income before taxes on income

%

%

Taxes on income

%

%

Net Income

%

%

Preferred stock dividends and other

%

%

Net Income Available to Common Stockholders

%

%

$

$

$

$

$

Earnings per common share:

Basic

%

%

$

$

$

$

$

Diluted

%

%

$

$

$

$

$

Dividends declared per common share

%

—

$

$

$

$

$

Weighted-average common shares outstanding:

Basic

(5)

%

(1)

%

Diluted

(5)

%

(1)

%

Performance Measures

Pre-tax profit margin

%

%

%

%

%

Return on average common stockholders’ equity (annualized) (1)

%

%

%

%

%

Financial Condition (at quarter end, in billions)

Cash and cash equivalents

%

%

$

$

$

$

$

Cash and investments segregated

%

%

Receivables from brokers, dealers, and clearing organizations

N/M

%

Receivables from brokerage clients — net

%

%

Available for sale securities

(8)

%

2

%

Held to maturity securities

(7)

%

(1)

%

Bank loans — net

%

%

Total assets

%

5

%

Bank deposits

7

%

(1)

%

Payables to brokers, dealers, and clearing organizations

%

%

Payables to brokerage clients

%

5

%

Accrued expenses and other liabilities

%

4

%

Other short-term borrowings

%

%

Federal Home Loan Bank borrowings

%

N/M

—

Long-term debt

%

%

Total liabilities

%

5

%

Stockholders’ equity

1

%

2

%

Total liabilities and stockholders’ equity

%

5

%

Other

Full-time equivalent employees (at quarter end, in thousands)

3

%

1

%

Capital expenditures — purchases of equipment, office facilities, and property,

net (in millions) (2)

N/M

N/M

$

$

$

$

$

Expenses excluding interest as a percentage of average client assets (annualized)

%

%

%

%

%

Clients’ Daily Average Trades (DATs) (in thousands)

%

%

Number of Trading Days

—

2

%

Revenue Per Trade (3)

%

(9)

%

$

$

$

$

$

(1) Return on average common stockholders’ equity is calculated using net income available to common stockholders divided by average common stockholders’ equity.

(2) Second quarter of 2026 includes incremental capital expenditures of $633 million related to a multi-year software license agreement with a corresponding liability recognized in long-term debt.

(3) Revenue per trade is calculated as trading revenue divided by the product of DATs and the number of trading days.

N/M Not meaningful. Percentage changes greater than 200% are presented as not meaningful.

- 5 -

THE CHARLES SCHWAB CORPORATION

Net Interest Revenue Information

(In millions, except ratios or as noted)

(Unaudited)

Three Months Ended

Six Months Ended

Average

Balance

Interest

Revenue/

Expense

Average

Yield/

Rate

Average

Balance

Interest

Revenue/

Expense

Average

Yield/

Rate

Average

Balance

Interest

Revenue/

Expense

Average

Yield/

Rate

Average

Balance

Interest

Revenue/

Expense

Average

Yield/

Rate

Interest-earning assets

Cash and cash equivalents

$

$

%

$

$

%

$

$

%

$

$

%

Cash and investments segregated

%

%

%

%

Receivables from brokerage clients (1)

%

%

%

%

Available for sale securities (2)

%

%

%

%

Held to maturity securities (2)

%

%

%

%

Bank loans

%

%

%

%

Total interest-earning assets

%

%

%

%

Securities lending revenue

Other interest revenue (1)

Total interest-earning assets

$

$

%

$

$

%

$

$

%

$

$

%

Funding sources

Bank deposits

$

$

%

$

$

%

$

$

%

$

$

%

Payables to brokers, dealers, and clearing

organizations

%

%

%

%

Payables to brokerage clients (1)

%

%

%

%

Other short-term borrowings

%

%

%

%

Federal Home Loan Bank borrowings

1

%

%

%

%

Long-term debt

%

%

%

%

Total interest-bearing liabilities

%

%

%

%

Non-interest-bearing funding sources

Other interest expense (1)

9

Total funding sources

$

$

%

$

$

%

$

$

%

$

$

%

Net interest revenue

$

%

$

%

$

%

$

%

(1) Beginning in the fourth quarter of 2025, average balances of client margin loans and short credits related to certain client long/short strategies from which the Company earns a fixed net yield are excluded from interest-earning assets and funding sources. Prior period amounts and average yields have been reclassified and recalculated to reflect this change. Average margin loans related to these client strategies totaled $33.1 billion and $23.7 billion for the three and six months ended June 30, 2026, respectively, compared to $884 million and $562 million for the same periods in 2025. Average short credits related to these client strategies totaled $34.3 billion and $24.5 billion for the three and six months ended June 30, 2026, respectively, compared to $898 million and $569 million for the same periods in 2025. Interest revenue and expense related to these client strategies are presented in other interest revenue and other interest expense, respectively.

(2) Amounts have been calculated based on amortized cost.

- 6 -

THE CHARLES SCHWAB CORPORATION

Asset Management and Administration Fees Information

(In millions, except ratios or as noted)

(Unaudited)

Three Months Ended

Six Months Ended

Average

Client

Assets

Revenue

Average

Fee

Average

Client

Assets

Revenue

Average

Fee

Average

Client

Assets

Revenue

Average

Fee

Average

Client

Assets

Revenue

Average

Fee

Schwab money market funds

$

$

%

$

$

%

$

$

%

$

$

%

Schwab equity and bond funds, exchange-traded

funds (ETFs), and collective trust funds (CTFs)

%

%

%

%

Mutual Fund OneSource ® and other no-

transaction-fee funds (NTFs)

%

%

%

%

Other third-party mutual funds, ETFs, and

alternatives (1)

%

%

%

%

Total mutual funds, ETFs, CTFs, and

alternatives (1,2)

$

$

%

$

$

%

$

$

%

$

$

%

Managed investing solutions (2)

Fee-based

$

$

%

$

$

%

$

$

%

$

$

%

Non-fee-based

—

—

—

—

—

—

—

—

Total managed investing solutions

$

$

%

$

$

%

$

$

%

$

$

%

Other balance-based fees (1,3)

%

%

%

%

Other (4)

Total asset management and administration fees

$

$

$

$

(1) Beginning in the first quarter of 2026, alternative investments and related revenue were moved from other balance-based fees to other third-party mutual funds, ETFs, and alternatives. Prior period amounts and average fees have been reclassified and recalculated to reflect this change.

(2) Managed investing solutions includes managed portfolios, specialized strategies, and customized investment advice such as Schwab Wealth AdvisoryTM, Schwab Managed PortfoliosTM, Managed Account Select®, Schwab Advisor Network®, Windhaven Strategies®, ThomasPartners® Strategies, Wasmer Schroeder StrategiesTM, Schwab Index Advantage advised retirement plan balances, Schwab Intelligent Portfolios®, Institutional Intelligent Portfolios, Schwab Intelligent Portfolios Premium, Schwab Wealth Portfolios™, AdvisorDirect®, Essential Portfolios, Selective Portfolios, and Personalized Portfolios; as well as legacy non-fee managed investing solutions including Schwab Advisor Source and certain retirement plan balances. Average client assets for managed investing solutions may also include the asset balances contained in the mutual fund and/or ETF categories listed above. For the total end of period view, please see the Monthly Activity Report.

(3) Includes various asset-related fees, such as trust fees, 401(k) recordkeeping fees, and mutual fund clearing fees and other service fees.

(4) Includes miscellaneous service and transaction fees, including fees relating to mutual funds and ETFs that are not balance-based.

- 7 -

THE CHARLES SCHWAB CORPORATION

Growth in Client Assets and Accounts

(Unaudited)

vs.

vs.

Second

First

Fourth

Third

Second

(In billions, at quarter end, except as noted)

Quarter

Quarter

Quarter

Quarter

Quarter

Assets in client accounts

Schwab One®, certain cash equivalents, and bank deposits

%

6

%

$

$

$

$

$

Bank deposit account balances

%

(4)

%

Proprietary mutual funds (Schwab Funds® and Laudus Funds®) and CTFs

Money market funds

6

%

(1)

%

Equity and bond funds and CTFs (1)

%

%

Total proprietary mutual funds and CTFs

%

3

%

Mutual Fund Marketplace® (2)

Mutual Fund OneSource® and other NTF funds

7

%

%

Mutual fund clearing services

%

7

%

Other third-party mutual funds

%

8

%

Total Mutual Fund Marketplace

%

8

%

Total mutual fund assets

%

7

%

Exchange-traded funds

Proprietary ETFs (1)

%

%

Other third-party ETFs

%

%

Total ETF assets

%

%

Equity and other securities

%

%

Fixed income securities

2

%

3

%

Margin loans outstanding

%

%

Total client assets

%

%

$

$

$

$

$

Client assets by business

Investor Services (3)

%

%

$

$

$

$

$

Advisor Services

%

%

Total client assets

%

%

$

$

$

$

$

Net growth in assets in client accounts (for the quarter ended)

Net new assets by business

Investor Services (3)

%

%

$

$

$

$

$

Advisor Services

%

(7)

%

Total net new assets

%

%

$

$

$

$

$

Net market gains (losses)

Net growth (decline)

$

$

$

$

$

New brokerage accounts (in thousands, for the quarter ended)

%

7

%

Client accounts (in thousands)

Active brokerage accounts

6

%

2

%

Banking accounts

%

3

%

Workplace Plan Participant Accounts (4)

5

%

1

%

(1) Includes balances held on and off the Schwab platform. As of June 30, 2026, off-platform equity and bond funds, CTFs, and ETFs were $53.8 billion, $5.0 billion, and $208.5 billion, respectively.

(2) Excludes all proprietary mutual funds and ETFs.

(3) Second quarter of 2026 includes net outflows of $1.1 billion from off-platform Schwab Bank Retail CDs. First quarter of 2026 includes net outflows of $0.1 billion from off-platform Schwab Bank Retail CDs. Fourth quarter of 2025 includes net outflows of $5.7 billion from off-platform Schwab Bank Retail CDs. Third quarter of 2025 includes net outflows of $3.1 billion from off-platform Schwab Bank Retail CDs. Second quarter of 2025 includes net outflows of $6.7 billion from off-platform Schwab Bank Retail CDs.

(4) Includes Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services. Participants may be enrolled in services in more than one Workplace business.

- 8 -

The Charles Schwab Corporation Monthly Activity Report For June 2026

Change

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Mo.

Yr.

Number of Trading Days

Market Indices (at month end)

Dow Jones Industrial Average®

3%

Nasdaq Composite®