Schwab Reports Monthly Activity Highlights

8/14/25 8:45:00 AM ET

Investment Bankers/Brokers/Service

Finance

Get the next $SCHW alert in real time by email

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2025 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250814275519/en/

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250814275519/en/

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

Get the next $SCHW alert in real time by email

Recent Analyst Ratings for

$SCHW

Date	Price Target	Rating	Analyst
6/9/2025	$82.00	Sell → Neutral	Redburn Atlantic
4/25/2025	$100.00	Neutral → Buy	Goldman
4/8/2025	$76.00	Equal-Weight → Overweight	Morgan Stanley
4/2/2025	$102.00	Buy → Neutral	Citigroup
4/2/2025	$102.00	Neutral → Buy	Citigroup
2/18/2025	$88.00 → $103.00	Hold → Buy	TD Cowen
1/22/2025	$89.00 → $93.00	Equal Weight → Overweight	Wells Fargo
12/9/2024	$74.00 → $95.00	Equal Weight → Overweight	Barclays

More analyst ratings

Schwab Reports Monthly Activity Highlights

8/14/25 8:45:00 AM ET

$SCHW

Investment Bankers/Brokers/Service

Finance

Get the next $SCHW alert in real time by email

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2025 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250814275519/en/

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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250814275519/en/

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

Get the next $SCHW alert in real time by email

Recent Analyst Ratings for

$SCHW

Date	Price Target	Rating	Analyst
6/9/2025	$82.00	Sell → Neutral	Redburn Atlantic
4/25/2025	$100.00	Neutral → Buy	Goldman
4/8/2025	$76.00	Equal-Weight → Overweight	Morgan Stanley
4/2/2025	$102.00	Buy → Neutral	Citigroup
4/2/2025	$102.00	Neutral → Buy	Citigroup
2/18/2025	$88.00 → $103.00	Hold → Buy	TD Cowen
1/22/2025	$89.00 → $93.00	Equal Weight → Overweight	Wells Fargo
12/9/2024	$74.00 → $95.00	Equal Weight → Overweight	Barclays

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$SCHW
Insider Purchases

Co-Chairman and CEO Bettinger Walter W bought $1,656,500 worth of shares (25,000 units at $66.26), increasing direct ownership by 3% to 827,377 units (SEC Form 4)

President Wurster Richard A bought $620,454 worth of shares (10,000 units at $62.05), increasing direct ownership by 7% to 144,228 units (SEC Form 4)

$SCHW
Press Releases

Celebrating Five Years of Investing in Future Advisors: Schwab's RIATA Scholarship Program Recognizes 15 Promising Students in 2025