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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dan Fannon | Jefferies | 8 questions · 0% challenging |
| Ben Budish | Barclays | 8 questions · 0% challenging |
| Bill Katz | TD Cowen | 8 questions · 13% challenging |
| Devin Ryan | Citizens JMP Securities | 8 questions · 0% challenging |
| Ken Worthington | JPMorgan | 8 questions · 0% challenging |
| Alex Blostein | Goldman Sachs | 7 questions · 0% challenging |
| Brian Bedell | Deutsche Bank | 7 questions · 0% challenging |
| Steve Chubak | Wolfe Research | 6 questions · 33% challenging |
| Mike Cyprys | Morgan Stanley | 6 questions · 0% challenging |
| Brennan Hawken | BMO Capital Markets | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 analyst | 8 questions · 0% challenging |
| Citizens JMP Securities | 1 analyst | 8 questions · 0% challenging |
| Jefferies | 1 analyst | 8 questions · 0% challenging |
| JPMorgan | 1 analyst | 8 questions · 0% challenging |
| TD Cowen | 1 analyst | 8 questions · 13% challenging |
| Goldman Sachs | 1 analyst | 7 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 7 questions · 0% challenging |
| Wolfe Research | 1 analyst | 6 questions · 33% challenging |
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Q1 revenue reached a record $6.5 billion, up 16%, with adjusted EPS of $1.43 growing 38% year-over-year as balance sheet optimization continued lifting net interest revenue. Core net new assets of $158 billion set a first-quarter record, bringing total client assets to $11.8 trillion. Management indicated tracking higher than the $5.70-$5.80 EPS scenario but deferred a comprehensive update to July, while AI innovation accelerated the company's strategy at scale and spot crypto offering neared client launch.
Demand | Margin | Capital Allocation | Revenue Growth | Product Launch | Competitive Dynamics | Credit | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 2 | 5 | 2 | 2 | 3 | 1 | |
| 2025Q1 | 4 | 3 | 2 | 1 | 1 | 1 | 3 | 1 |
| 2025Q2 | 3 | 4 | 2 | 2 | 2 | 1 | 2 | |
| 2025Q3 | 4 | 4 | 2 | 1 | 2 | 2 | 3 | |
| 2025Q4 | 5 | 3 | 3 | 1 | 3 | 2 | 1 | |
| 2026Q1 | 3 | 2 | 1 | 5 | 2 | 5 | ||
| 2026Q2 | 3 | 4 | 1 | 5 | 5 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 3 | 4 | 3 | 4 | 5 | 3 | 3 |
| Margin | 2 | 3 | 4 | 4 | 3 | 2 | 4 |
| Capital Allocation | 5 | 2 | 2 | 2 | 3 | 1 | 1 |
| Revenue Growth | 2 | 1 | 2 | 1 | 5 | 5 | |
| Product Launch | 2 | 1 | 1 | 3 | 2 | 5 | |
| Competitive Dynamics | 1 | 2 | 2 | 2 | 5 | 1 | |
| Credit | 3 | 3 | 1 | 2 | 1 | ||
| Innovation & R&D | 1 | 1 | 2 | 3 | 1 | 1 |
Calendar quarter Q1 2026Earnings call Apr 16, 2026
FY2026 Q1 in brief
Q1 revenue reached a record $6.5 billion, up 16%, with adjusted EPS of $1.43 growing 38% year-over-year as balance sheet optimization continued lifting net interest revenue.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
GAAP revenue YoY +9.77% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Charles Schwab Corporation (SCHW), FY2026 Q1: 9/10. Scores: Charles Schwab Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: SCHW daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $5.33B | +19.5% | $0.94 | +84.3% | 34.5% |
| FY2025 Q1 | $5.60B | +18.1% | $0.99 | +45.6% | 34.1% |
| FY2025 Q2 | $5.85B | +24.8% | $1.08 | +63.6% | 36.3% |
| FY2025 Q3 | $6.13B | +26.6% | $1.26 | +77.5% | 38.4% |
| FY2025 Q4 | $6.34B | +18.9% | $1.33 | +41.5% | 38.8% |
| FY2026 Q1Selected | $6.48B | +15.8% | $1.37 | +38.4% | 38.2% |
| FY2026 Q2 | $7.07B | +20.9% | $1.54 | +42.6% | 39.6% |
| FY2026 Q3 | $7.17B | +16.9% | $1.62 | +28.6% | 40.5% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What SCHW said about other companies on its FY2026 Q1 call, and what other companies said about SCHW on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“On Schwab, we do not have a concrete plan yet because we have not seen the final.”
State Street is evaluating how to respond to Schwab's potential distribution-platform fees for ETFs but does not see them as a material risk to its ETF business.
“You can also see Schwab is a big distribution channel—23% of STRC is held in Schwab accounts.”
Schwab is a major distribution channel for Strategy's STRC preferred, holding 23% of the instrument, a positive brokerage-flow signal for Charles Schwab.
“if you look at some of the announcements by folks like CBOE and others, they're coming up, I believe Nasdaq might be also doing something. They're coming up with binary options on different financial events”
Schwab notes Nasdaq may also be launching binary options on financial events, adjacent to prediction markets.
“if you look at some of the announcements by folks like CBOE and others, they're coming up, I believe Nasdaq might be also doing something. They're coming up with binary options on different financial events”
Schwab points to CBOE launching binary options on financial events, which could behave like prediction markets Schwab may later offer.
“investors have been rather focused on an announcement that JPMorgan has made in rolling out a product to reduce the friction around brokerage cash.”
An analyst notes JPMorgan is rolling out a product to reduce friction around brokerage cash, a competitive dynamic for Schwab's sweep-cash economics.
“We also increased our strategic investment in Wealth.com which we are already using to bring AI-powered estate planning tools to our clients.”
Schwab increased its strategic investment in Wealth.com, using its AI-powered estate-planning tools for clients.
“combines the expertise and capabilities of our workplace business with Qapita's flexible technology”
Schwab's new private issuer equity services combine its workplace business with Qapita's technology for pre-IPO stock plan services.
“We completed the acquisition of Forge, which will allow us to provide clients with direct and indirect access to shares of pre-IPO companies through direct private share purchases, single company funds and multicompany funds.”
Schwab completed its acquisition of Forge to give clients access to pre-IPO private company shares.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| SCHWCharles Schwab Corporation | 9 | +9.8% | Record Client Growth Drives All-Time NNA Highs | |
| BMNRBitmine Immersion Technologies, Inc. | 6 | +627.6% | Bitmine Immersion's fiscal 2026 second-quarter 10-Q shows a company now built around an Ethereum treasury and staking model, with total revenue rising to $11,041 from $1,517 almost entirely on newly initiated native staking income of $10,201, while legacy self-mining shrank to $219 and the machine-lease agreements expired unrenewed | |
| CLSKCleanSpark, Inc. | 2 | -24.9% | CleanSpark's fiscal second quarter of 2026 saw revenue fall approximately 25% year-over-year to $136 million, directly attributable to a slide in the average Bitcoin price to roughly $76,000 from about $94,000 a year earlier, even though Bitcoin production declined only about 7% | |
| CRCLCircle Internet Group | 7 | +20.0% | Circle's first quarter of 2026 showed decelerating headline growth, with total revenue and reserve income of $694 million, up 20% year over year, as USDC circulation held around $77 billion (up 28% year over year but roughly flat sequentially) amid a roughly 45% drop in digital-asset markets from their October 2025 peak | |
| FIGRFigure Technology Solutions, Inc. Class A Common Stock | 9 | +201.4% | Figure Technology Solutions grew consumer loan marketplace volume over 110% year-over-year to approximately $2.9 billion, and adjusted net revenue rose 92% to $167 million with an adjusted EBITDA margin of 50%, versus 33% a year earlier | |
| GSThe Goldman Sachs Group, Inc. | 7 | +13.9% | Record Global Banking & Markets revenues | |
| HOODRobinhood Markets, Inc. | 8 | +15.1% | Gold Ecosystem Drives Multi-Product Adoption | |
| IBKRInteractive Brokers Group | 8 | +16.9% | Record Commission and Net Revenue | |
| IRENIREN Limited | 6 | -0.0% | IREN's March-quarter revenue was roughly flat year over year at $144.8 million, as Bitcoin mining revenue fell to $111.2 million (from $167.4 million) while AI cloud services revenue nearly doubled to $33.6 million | |
| MARAMarathon Digital Holdings, Inc. | 2 | -18.4% | MARA reported first-quarter revenue of $174.6 million, down from $213.9 million a year earlier, as an 18% decline in Bitcoin's average price cut revenue by $33.1 million even as energized hashrate reached a record 72.2 exahash per second, up 33% | |
| MSMorgan Stanley | 9 | +18.8% | Record Firm-Wide Revenues and Earnings | |
| RIOTRiot Platforms, Inc. | 6 | +3.6% | Riot Platforms reported Q1 2026 revenue of $167 million (+3.61% YoY) and a net loss of $500 million ($1.44/share) driven by $326.7 million in Bitcoin MTM losses, while launching its data center segment with $33.2 million in revenue including $900,000 in operating lease income at 91% margin from the initial AMD delivery |
Record Client Growth Drives All-Time NNA Highs
Bitmine Immersion's fiscal 2026 second-quarter 10-Q shows a company now built around an Ethereum treasury and staking model, with total revenue rising to $11,041 from $1,517 almost entirely on newly initiated native staking income of $10,201, while legacy self-mining shrank to $219 and the machine-lease agreements expired unrenewed
CleanSpark's fiscal second quarter of 2026 saw revenue fall approximately 25% year-over-year to $136 million, directly attributable to a slide in the average Bitcoin price to roughly $76,000 from about $94,000 a year earlier, even though Bitcoin production declined only about 7%
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| SCHW | 10 | 9 | 10 | 10 | 10 | 9 |
| BMNR | 6 | 6 | 6 | 6 | 6 | 6 |
| CLSK | 9 | 7 | 9 | 8 | 6 | 2 |
| CRCL | No score | No score | No score | 8 | 8 | 7 |
| FIGR | No score | No score | No score | 9 | 9 | 9 |
| GS | 8 | 7 | 8 | 8 | 6 | 7 |
| HOOD | 10 | 9 | 9 | 9 | 7 | 8 |
| IBKR | 8 | 6 | 6 | 8 | 7 | 8 |
| IREN | 9 | 9 | 8 | 8 | 8 | 6 |
| MARA | 9 | 7 | 9 | 9 | 2 | 2 |
| MS | 7 | 8 | 7 | 8 | 8 | 9 |
| RIOT | 9 | 7 | 7 | 7 | 5 | 6 |
Circle's first quarter of 2026 showed decelerating headline growth, with total revenue and reserve income of $694 million, up 20% year over year, as USDC circulation held around $77 billion (up 28% year over year but roughly flat sequentially) amid a roughly 45% drop in digital-asset markets from their October 2025 peak
Figure Technology Solutions grew consumer loan marketplace volume over 110% year-over-year to approximately $2.9 billion, and adjusted net revenue rose 92% to $167 million with an adjusted EBITDA margin of 50%, versus 33% a year earlier
IREN's March-quarter revenue was roughly flat year over year at $144.8 million, as Bitcoin mining revenue fell to $111.2 million (from $167.4 million) while AI cloud services revenue nearly doubled to $33.6 million
MARA reported first-quarter revenue of $174.6 million, down from $213.9 million a year earlier, as an 18% decline in Bitcoin's average price cut revenue by $33.1 million even as energized hashrate reached a record 72.2 exahash per second, up 33%
Riot Platforms reported Q1 2026 revenue of $167 million (+3.61% YoY) and a net loss of $500 million ($1.44/share) driven by $326.7 million in Bitcoin MTM losses, while launching its data center segment with $33.2 million in revenue including $900,000 in operating lease income at 91% margin from the initial AMD delivery