The Charles Schwab Corporation (SCHW) earnings on July 21, 2026

Before the market opens Q2 2026

More The Charles Schwab Corporation earnings

Prior outlook: No statistical edge

Schwab stock initially rose after earnings but then fell, closing down 1.95%.

SCHW price around the earnings

99.96

Change: -2.6%

2026-07-21, 20:00 UTC

Start of the measured window End of the measured window
98.98 101.07 103.16 105.25 102.64
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 21, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

A strong recent asset trend and past earnings beats, but recent analyst downgrade and pessimistic retail sentiment create a mixed outlook.

Context analyzed before publication

Trend
Volatile trajectory: scores swung from +29.8 to -11.9 over 5 days, suggesting uncertain trend direction into event.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.67
Analysts covering the stock
19
Average price target
120.74
Lowest price target
86
Highest price target
137
Upside to price target
17.7%
Quarterly earnings growth
29.9%
Revenue growth
15.8%
Forward EPS
7.52
Trailing EPS
5.08
Analyst moves in the last 60 days
5
  • Strong buy: 7
  • Buy: 10
  • Hold: 3
  • Sell: 0
  • Strong sell: 1
Strong buy
7
Buy
10
Hold
3
Sell
0
Strong sell
1
  • July 20, 2026 · BMO Capital: Downgrades rating (Outperform → Market Perform)
  • July 15, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
  • July 10, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • July 9, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 8, 2026 · UBS: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Cautious
Mention volume
Low
Normalized volume
33%
News
Sources (7)

Technicals

Evidence

Average true range (ATR)
2.2%
Distance to 52-week high
-3.7%
14-day change (14d)
+13.3%
30-day change (30d)
+16.7%
30-day relative strength
+16.7%
Benchmark change (0d)
+0.0%
Nearest support
102.17
Nearest resistance
103.02
Volume accumulation ratio (14d / 46d)
0.78

Trends

Evidence

Average earnings surprise
+2.8%
  • April 16, 2026: actual EPS 1.43 vs estimate 1.4 (surprise +2.5%)
  • January 21, 2026: actual EPS 1.39 vs estimate 1.39 (surprise -0.3%)
  • October 16, 2025: actual EPS 1.31 vs estimate 1.25 (surprise +5.2%)
  • July 18, 2025: actual EPS 1.14 vs estimate 1.1 (surprise +3.8%)

Expected move

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move
2.6%
75th percentile move
5.3%
90th percentile move
9.7%
Up / down moves
9 / 10
Average up move
+3.9%
Average down move
-4.0%

Monitoring and close

What The Charles Schwab Corporation reported

Status
Finished
Actual EPS1.62
EPS estimate1.55
EPS surprise+4.5%
Revenue$7,072 million
Revenue estimate$6,891 million
Revenue surprise+2.6%

Schwab reports record $7.07B Q2 revenue, beating estimates. CEO says SpaceX didn't drive results; strong retail market review activity did.

Sources (34)

Pre-market second reading after the results

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Consolidated
-1.9%
Max move
-4.6%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.