Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2025 include:

• Core net new assets brought to the company increased 62% versus July 2024 to reach $46.9 billion – a record for the month of July.
• Total client assets equaled $10.96 trillion as of month-end July, up 15% from July 2024 and up 2% compared to June 2025.
• New brokerage accounts opened during the month totaled 377,000 up 15% versus July 2024.
• Investor engagement remained robust in July, with average client margin loan balances expanding 4% month-over-month and trading volumes exceeding 7 million daily average trades for the 7^th consecutive month.
• Transactional sweep cash declined by $4.6 billion to end July at $407.5 billion, reflecting client net purchasing activity as well as typical seasonality related to advisory fee payments.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.7 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.1 million banking accounts, and $10.96 trillion in client assets as of July 31, 2025. 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. 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 July 2025
			2024																		2025																					Change
			Jul			Aug			Sep			Oct			Nov			Dec			Jan			Feb			Mar			Apr			May			Jun			Jul			Mo.		Yr.
Market Indices (at month end)
Dow Jones Industrial Average®			40,843			41,563			42,330			41,763			44,911			42,544			44,545			43,841			42,002			40,669			42,270			44,095			44,131			-		8	%
Nasdaq Composite®			17,599			17,714			18,189			18,095			19,218			19,311			19,627			18,847			17,299			17,446			19,114			20,370			21,122			4	%	20	%
Standard & Poor’s® 500			5,522			5,648			5,762			5,705			6,032			5,882			6,041			5,955			5,612			5,569			5,912			6,205			6,339			2	%	15	%
Client Assets (in billions of dollars)
Beginning Client Assets			9,407.5			9,572.1			9,737.7			9,920.5			9,852.0			10,305.4			10,101.3			10,333.1			10,280.2			9,929.7			9,892.2			10,349.0			10,757.3
Net New Assets (1)			29.0			31.5			30.3			22.7			25.5			60.2			30.5			46.6			55.3			1.1			33.6			38.9			45.7			17	%	58	%
Net Market Gains (Losses)			135.6			134.1			152.5			(91.2	)		427.9			(264.3	)		201.3			(99.5	)		(405.8	)		(38.6	)		423.2			369.4			160.5
Total Client Assets (at month end)			9,572.1			9,737.7			9,920.5			9,852.0			10,305.4			10,101.3			10,333.1			10,280.2			9,929.7			9,892.2			10,349.0			10,757.3			10,963.5			2	%	15	%
Core Net New Assets (1,2)			29.0			32.8			33.5			24.6			28.8			61.4			30.6			48.0			59.1			2.7			35.0			42.6			46.9			10	%	62	%
Receiving Ongoing Advisory Services (at month end)
Investor Services			649.1			663.7			675.1			665.6			688.9			682.0			698.7			703.5			688.8			688.2			711.2			737.6			747.9			1	%	15	%
Advisor Services			4,185.4			4,268.1			4,343.8			4,303.3			4,489.2			4,379.7			4,496.6			4,493.2			4,372.3			4,353.0			4,525.6			4,687.4			4,765.1			2	%	14	%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts			35,743			35,859			35,982			36,073			36,222			36,456			36,709			36,861			37,011			37,254			37,375			37,476			37,658			-		5	%
Banking Accounts			1,937			1,940			1,954			1,967			1,980			1,998			2,019			2,033			2,050			2,066			2,077			2,096			2,116			1	%	9	%
Workplace Plan Participant Accounts (3)			5,382			5,373			5,388			5,407			5,393			5,399			5,450			5,464			5,495			5,518			5,563			5,586			5,619			1	%	4	%
Client Activity
New Brokerage Accounts (in thousands)			327			324			321			331			357			431			433			362			388			439			336			323			377			17	%	15	%
Client Cash as a Percentage of Client Assets (4)			9.6	%		9.5	%		9.5	%		9.8	%		9.5	%		10.1	%		9.8	%		10.0	%		10.6	%		10.5	%		10.1	%		9.9	%		9.7	%		(20) bp		10 bp
Derivative Trades as a Percentage of Total Trades			21.2	%		20.8	%		21.5	%		21.4	%		19.7	%		18.6	%		19.3	%		19.9	%		19.5	%		18.4	%		21.0	%		20.8	%		21.3	%		50 bp		10 bp
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (5)			417,379			420,191			420,203			422,327			425,789			431,177			431,523			424,805			425,228			430,884			419,638			417,768			418,640			-		-
Average Margin Balances			73,206			73,326			72,755			74,105			76,932			81,507			82,551			84,233			82,725			77,478			79,132			82,339			85,492			4	%	17	%
Average Bank Deposit Account Balances (6)			83,979			82,806			82,336			83,261			84,385			85,384			84,790			83,089			84,302			84,060			81,495			81,014			80,755			-		(4	%)
Mutual Funds and Exchange-Traded Funds
Net Buys (Sells) (7,8) (in millions of dollars)
Equities			10,908			5,609			5,217			7,176			13,226			14,805			10,050			4,987			(1,221	)		7,950			10,473			8,987			10,936
Hybrid			(1,155	)		(1,377	)		(432	)		(1,397	)		(329	)		124			(1,324	)		(464	)		(603	)		(1,663	)		(287	)		(1,038	)		(463	)
Bonds			8,651			10,919			11,015			10,442			7,473			10,969			8,747			12,162			11,438			(1,490	)		8,483			6,050			11,920
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (7)			(4,679	)		(4,003	)		(1,261	)		(4,905	)		(4,492	)		(4,331	)		(6,785	)		(3,971	)		(8,537	)		(13,955	)		(3,224	)		(5,351	)		(3,442	)
Exchange-Traded Funds (8)			23,083			19,154			17,061			21,126			24,862			30,229			24,258			20,656			18,151			18,752			21,893			19,350			25,835
Money Market Funds			9,110			8,048			9,672			11,032			9,172			8,956			11,584			12,306			14,586			(6,158	)		5,794			5,814			2,452

		Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)		Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. 2024 also includes outflows from a large international relationship of $0.1 billion in August, $0.3 billion in October, and $0.6 billion in November.
(2)		Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion beginning in 2025; $10 billion in prior periods) 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)		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.
(5)		Represents average total interest-earning assets on the Company's balance sheet.
(6)		Represents average clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.
(7)		Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to investment managers. Excludes money market fund transactions.
(8)		Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.

 

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MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

 

Source: The Charles Schwab Corporation