A discount brokerage and wealth-management firm, Schwab runs a giant retail brokerage, a bank, and custody services that back independent financial advisors, with products like Schwab Funds, ETFs, and thinkorswim for everyday investors. Founder Charles "Chuck" Schwab launched it in 1971 as First Commander Corporation, renamed it after himself in 1973, and turned it into an industry-disrupting discounter when commissions were deregulated in 1975. Its playful Stock Slices service lets people buy a "slice" of an expensive share for a small amount, like a slice of pizza.
Charles Schwab issues $2.6B in senior notes due 2032 and 2037
Net proceeds from the offering were approximately $2.582 billion after underwriting discounts and estimated offering expenses.
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On August 12, 2026, The Charles Schwab Corporation issued $1.25 billion of 5.108% Fixed-to-Floating Rate Senior Notes due 2032 and $1.35 billion of 5.655% Fixed-to-Floating Rate Senior Notes due 2037.
The notes were issued under the Senior Indenture dated November 14, 2025, as supplemented by the Fourth Supplemental Indenture dated August 12, 2026, with The Bank of New York Mellon Trust Company, N.A. as trustee.
The offering was made under a prospectus supplement dated August 10, 2026, and an accompanying prospectus dated December 1, 2023, filed under CSC's effective Form S-3 registration statement.
CSC entered into an Underwriting Agreement on August 10, 2026, with BofA Securities, Citigroup Global Markets, Morgan Stanley, TD Securities, and Wells Fargo Securities as representatives of the underwriters.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Charles Schwab issues $1B in 4.603% fixed-to-floating senior notes due 2029
Net proceeds from the offering were approximately $995.5 million after underwriting discounts, commissions, and estimated offering expenses.
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On June 25, 2026, The Charles Schwab Corporation issued $1,000,000,000 aggregate principal amount of 4.603% Fixed-to-Floating Rate Senior Notes due 2029.
The notes were issued under the Senior Indenture dated November 14, 2025, as supplemented by the Third Supplemental Indenture dated June 29, 2026, with The Bank of New York Mellon Trust Company, N.A. as trustee.
The offering was made under a prospectus supplement dated June 25, 2026, and an accompanying prospectus dated December 1, 2023, filed under CSC's effective Form S-3 registration statement.
CSC entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC as representatives of the underwriters.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Charles Schwab eliminates Series I Preferred Stock via Delaware filing
On June 1, 2026, The Charles Schwab Corporation filed a Certificate of Elimination with the Delaware Secretary of State.
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The filing eliminated all matters set forth in the Certificate of Designations for the 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I.
The elimination was effective upon filing and removed the Series I designation from the company's Fifth Restated Certificate of Incorporation.
The Certificate of Elimination is attached as Exhibit 3.1 to the 8-K filing.
The report was filed under Item 5.03 (Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year) and Item 9.01 (Financial Statements and Exhibits).
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits
Charles Schwab shareholders reject board declassification proposal at 2026 annual meeting
All four director nominees were elected: Marianne C. Brown, Frank C. Herringer, Richard A. Wurster, and Carolyn Schwab-Pomerantz.
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The Charles Schwab Corporation held its 2026 Annual Meeting of Stockholders on May 21, 2026.
Shareholders ratified the selection of Deloitte & Touche LLP as independent auditors for fiscal 2026.
The advisory vote on named executive officer compensation was approved.
A proposal to declassify the Board of Directors failed, receiving 1,322,891,548 votes for and 114,865,672 against, short of the required 80% affirmative vote of all outstanding common shares.
5.07 Submission of Matters to a Vote of Security Holders
Charles Schwab issues $2.25B in senior notes due 2030 and 2037
Net proceeds from the offering were approximately $2.236 billion after underwriting discounts and estimated offering expenses.
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On May 21, 2026, The Charles Schwab Corporation issued $1.0 billion of 4.744% Fixed-to-Floating Rate Senior Notes due 2030 and $1.25 billion of 5.493% Fixed-to-Floating Rate Senior Notes due 2037.
The notes were issued under the Senior Indenture dated November 14, 2025, as supplemented by the Second Supplemental Indenture dated May 21, 2026, with The Bank of New York Mellon Trust Company, N.A. as trustee.
The offering was made under a prospectus supplement dated May 18, 2026, and an accompanying prospectus dated December 1, 2023, filed under CSC's Form S-3 registration statement.
CSC entered into an underwriting agreement on May 18, 2026, with BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, and Wells Fargo Securities as representatives of the underwriters.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Charles Schwab issues 1.5M Series L preferred depositary shares, raising ~$1.48B
On April 22, 2026, The Charles Schwab Corporation issued and sold 1,500,000 depositary shares, each representing a 1/100th interest in a share of 6.100% fixed-rate reset non-cumulative perpetual preferred stock, Series L, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share).
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Net proceeds from the offering were approximately $1,480 million after underwriting discounts and estimated offering expenses.
A Certificate of Designations establishing the terms of the Series L Preferred Stock was filed with the Delaware Secretary of State on April 22, 2026.
Dividend, voting, redemption, and liquidation rights of the Series L Preferred Stock are described in the Certificate of Designations, and restrictions on common stock dividends or repurchases apply if Series L dividends are not declared and paid or set aside.
The offering was made under an Underwriting Agreement dated April 20, 2026, with representatives including Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, TD Securities, and Wells Fargo Securities.
3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Earnings8-K
Schwab reports record Q1 2026 net revenues of $6.5B, up 16% YoY; GAAP EPS $1.37, adjusted $1.43.
Core net new assets totaled $140.0 billion, including a $17.5 billion outflow from a planned mutual fund clearing deconversion; excluding that, core net new assets were $157.5 billion.
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First quarter 2026 net revenues were a record $6.5 billion, up 16% year-over-year from $5.6 billion.
GAAP net income was $2.5 billion, or $1.37 per diluted share, up 38% from $0.99 in Q1 2025; adjusted EPS was $1.43.
Total client assets reached $11.77 trillion, up 19% year-over-year; new brokerage accounts opened were 1.3 million.
The company repurchased 24.3 million shares for $2.4 billion and increased its quarterly common stock dividend by 19% to $0.32 per share.
No formal guidance was provided; the company hosted a Spring Business Update for institutional investors.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits