Schwab Reports Monthly Activity Highlights

.PDF of press release and tableMS Excel file of table only

WESTLAKE, Texas, August 14, 2025--(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 7th 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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Contacts

MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525

INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177

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