Schwab Reports Monthly Activity Highlights

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Key Terms

exchange traded fund financial

A pooled investment that trades on a stock exchange like a single share, giving investors instant exposure to a basket of assets such as stocks, bonds, or commodities. It matters because ETFs let investors buy or sell a diversified slice of the market quickly and usually at low cost — like buying a pre-built portfolio instead of picking individual stocks — which can lower risk and simplify trading strategies.

margin loan financial

A margin loan is money you borrow from a brokerage using the stocks or funds you already own as collateral, similar to taking a loan against items in a pawnshop. It lets an investor buy more securities than cash alone would allow, which can amplify gains but also magnify losses, incur interest charges and trigger forced selling if the collateral value falls below required levels—risks investors must manage carefully.

long/short strategies financial

Long/short strategies are investment approaches that buy assets expected to rise in value (going long) while simultaneously selling assets expected to fall (going short), aiming to profit from both upward and downward moves. For investors, this can reduce risk compared with only buying stocks because gains from winners can offset losses from losers; think of it as owning some horses you bet will win while betting others won’t, so your overall result depends on skill in picking both sides.

05/14/2026 - 08:30 AM

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2026 include:

Core net new assets brought to the company in April totaled $7.2 billion. Consistent with prior years, these flows reflect the impact of client tax disbursements during the month.
Total client assets equaled $12.61 trillion as of month-end April, up 27% from April 2025 and up 7% compared to March 2026.
New brokerage accounts opened during the month totaled 437,000, flat compared to April 2025.
Daily average trades reached a record 10.3 million, driven by sustained engagement in equities and exchange traded fund products. Additionally, record client margin loan balances were up 21% from year-end to $136.0 billion of which $29.6 billion was related to long/short strategies.
Average interest-earning assets on the company’s balance sheet were $444.6 billion in April, up 3% from April 2025 and up 2% compared to March 2026.

2026 Institutional Investor Day

The company will host its 2026 Institutional Investor Day today from 8:30 a.m. CT to 2:30 p.m. CT, 9:30 a.m. ET to 3:30 p.m. ET.

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

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 39.3 million active brokerage accounts, 5.9 million workplace plan participant accounts, 2.3 million banking accounts, and $12.61 trillion in client assets as of April 30, 2026. 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 Services^TM. 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.


The Charles Schwab Corporation Monthly Activity Report For April 2026

	2025																		2026								Change
	Apr		May		Jun		Jul		Aug		Sep		Oct		Nov		Dec		Jan		Feb		Mar		Apr		Mo.		Yr.
Number of Trading Days	21.0		21.0		20.0		21.5		21.0		21.0		23.0		18.5		21.5		20.0		19.0		22.0		21.0
Market Indices (at month end)
Dow Jones Industrial Average^®	40,669		42,270		44,095		44,131		45,545		46,398		47,563		47,716		48,063		48,892		48,978		46,342		49,652		7	%	22	%
Nasdaq Composite^®	17,446		19,114		20,370		21,122		21,456		22,660		23,725		23,366		23,242		23,462		22,668		21,591		24,892		15	%	43	%
Standard & Poor’s^® 500	5,569		5,912		6,205		6,339		6,460		6,688		6,840		6,849		6,846		6,939		6,879		6,529		7,209		10	%	29	%
Client Assets (in billions of dollars)
Beginning Client Assets	9,929.7		9,892.2		10,349.0		10,757.3		10,963.5		11,228.1		11,593.9		11,828.0		11,834.3		11,903.0		12,148.5		12,220.3		11,767.9
Net New Assets⁽¹⁾	1.1		33.6		38.9		45.7		43.3		45.4		41.6		38.7		77.9		27.6		32.5		79.8		6.7		(92	%)	N/M
Net Market (Losses) Gains	(38.6	)	423.2		369.4		160.5		221.3		320.4		192.5		(32.4	)	(9.2	)	217.9		39.3		(532.2	)	830.7
Total Client Assets (at month end)	9,892.2		10,349.0		10,757.3		10,963.5		11,228.1		11,593.9		11,828.0		11,834.3		11,903.0		12,148.5		12,220.3		11,767.9		12,605.3		7	%	27	%
Core Net New Assets^(1,2)	2.7		35.0		42.6		46.9		44.4		46.2		44.4		40.4		79.1		27.8		32.5		79.7		7.2		(91	%)	167	%
Receiving Ongoing Advisory Services (at month end)
Investor Services	688.2		711.2		737.6		747.9		771.1		792.5		807.6		817.9		824.8		849.5		866.8		841.3		895.0		6	%	30	%
Advisor Services	4,353.0		4,525.6		4,687.4		4,765.1		4,888.2		5,016.7		5,106.1		5,155.9		5,195.5		5,311.7		5,394.3		5,201.5		5,525.7		6	%	27	%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts	37,254		37,375		37,476		37,658		37,798		37,963		38,145		38,266		38,506		38,730		38,925		39,099		39,300		1	%	5	%
Banking Accounts	2,066		2,077		2,096		2,116		2,137		2,150		2,172		2,189		2,214		2,239		2,258		2,281		2,305		1	%	12	%
Workplace Plan Participant Accounts ⁽³⁾	5,518		5,563		5,586		5,619		5,606		5,619		5,696		5,730		5,740		5,793		5,829		5,844		5,864		-		6	%
Client Activity
New Brokerage Accounts (in thousands)	439		336		323		377		382		384		429		365		474		476		395		428		437		2	%	-
Client Daily Average Trades (DATs) (in thousands)	8,362		7,184		7,147		7,252		7,182		7,832		8,617		8,459		7,746		9,512		9,922		10,232		10,328		1	%	24	%
Derivative Trades as a Percentage of Total Trades	18.4	%	21.0	%	20.8	%	21.3	%	22.5	%	22.3	%	23.8	%	21.7	%	21.4	%	20.1	%	20.1	%	20.4	%	21.4	%	100 bp		300 bp
Margin Balances at month end (in billions of dollars) ⁽⁴⁾	76.2		81.3		83.4		88.3		92.4		97.2		105.6		110.1		112.3		116.3		120.6		126.7		136.0		7	%	78	%
Schwab Trading Activity Index ^™(STAX)⁽⁵⁾	41.2		39.7		40.7		41.8		43.7		46.1		48.1		48.8		48.5		50.0		57.3		56.0		50.1		(11	%)	22	%
Selected Balances (in billions of dollars)
Average Interest-Earning Assets ⁽⁶⁾	430.4		418.7		416.5		416.7		414.4		419.8		428.3		429.1		436.0		441.7		434.2		436.8		444.6		2	%	3	%
Transactional Sweep Cash ^(4,7) (at month end)	403.3		398.1		412.1		407.5		406.7		425.6		428.8		427.5		453.7		433.3		436.1		461.5		467.6		1	%	16	%
Total Money Market Funds (at month end)	637.8		645.8		653.9		658.6		665.2		667.0		675.5		685.9		694.5		693.4		696.2		702.2		688.1		(2	%)	8	%
Client Cash as a Percentage of Client Assets ⁽⁸⁾	10.5	%	10.1	%	9.9	%	9.7	%	9.5	%	9.4	%	9.3	%	9.4	%	9.7	%	9.3	%	9.3	%	9.9	%	9.2	%	(70) bp		(130) bp
Net Buy (Sell) Activity (in billions of dollars) ⁽⁹⁾
Mutual Funds	(14.0	)	(3.2	)	(5.4	)	(3.4	)	(2.2	)	(4.8	)	(6.3	)	(7.3	)	(3.6	)	(0.9	)	(2.4	)	(8.5	)	(5.7	)
Exchange-Traded Funds (ETFs)	18.8		21.9		19.4		25.8		23.0		25.6		28.1		24.9		39.8		34.8		37.4		25.3		27.4

⁽¹⁾

Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs.

⁽²⁾

Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods.

⁽³⁾

Includes accounts in 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.

⁽⁴⁾

Balances include margin loans and short credits related to certain long/short strategies from which the Company earns a fixed net yield. For the month of April 2026, margin loans totaled $29.6 billion and short credits totaled $30.5 billion.

⁽⁵⁾

For additional information regarding STAX, please visit: https://www.schwab.com/investment-research/stax/view-schwab-trading-activity-index.

⁽⁶⁾

Represents average total interest-earning assets on the Company's balance sheet. Beginning in December 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 average interest-earning assets. Prior period amounts have been adjusted accordingly.

⁽⁷⁾

Transactional sweep cash includes bank sweep deposits, and broker-dealer cash balances, other client cash held on the balance sheet (such as bank checking and savings deposits, short credits related to certain client long/short strategies, and broker-dealer non-interest-bearing credits), and bank deposit account balances; excludes proprietary and third-party CDs.

⁽⁸⁾

Schwab One^®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank.

⁽⁹⁾

Represents the principal value of client mutual fund and ETF transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to investment managers. Excludes money market fund transactions.

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