10:50 AM EDT, 10/16/2025 (MT Newswires) -- Charles Schwab's ( SCHW ) third-quarter results exceeded Wall Street's estimates as the financial services provider added more than 1 million brokerage accounts for the fourth quarter in a row.

Adjusted earnings per share rose to $1.31 for the September quarter from $0.77 a year earlier, ahead of the FactSet-polled consensus of $1.25. Revenue jumped to $6.14 billion from $4.85 billion, surpassing analysts' estimate of $6.01 billion.

New brokerage account openings increased 18% annually to 1.1 million for the three-month period. That helped boost active brokerage accounts, which grew by 6% to about 38 million. Core new net assets surged 44% to $137.5 billion.

"We delivered another quarter of record results with 27% year-over-year revenue growth and 70% year-over-year adjusted earnings growth," Chief Executive Rick Wurster said during an earnings call, according to a FactSet transcript.

The company's shares were advancing by 2.1% during Thursday trade. The stock has risen 30% so far this year.

Net interest revenue soared 37% to $3.05 billion, while asset management and administration fees jumped 13% to $1.67 billion. Trading revenue climbed 25%, while bank deposit account fees jumped 63%.

"So far in October, we continue to see good engagement from clients, which can increase revenue as well as volume-related expenses," Chief Financial Officer Mike Verdeschi told analysts on the call. "Assuming this engagement persists, we could see a lift in earnings of around 2% or a bit better relative to the upper end of the financial scenario range we shared back at the July business update."

During the July earnings call, Verdeschi provided a full-year scenario that implied potential adjusted earnings between $4.55 and $4.65 per share, excluding the impact of any incremental buybacks in the second half of the year. That represented potential year-over-year growth "into the very high-40% zone," he said at the time.

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