The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2025 include:
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- Core net new assets brought to the company increased 80% versus October 2024 to reach $44.4 billion – a record for the month of October.
- Total client assets equaled $11.83 trillion as of month-end October, up 20% from October 2024 and up 2% compared to September 2025.
- New brokerage accounts opened during the month totaled 429,000, up 30% versus October 2024.
- Investor engagement accelerated in October, with average margin loan balances rising 7% versus September 2025 and daily average trades reaching 8.6 million.
- Transactional sweep cash increased by $3.2 billion to end October at $428.8 billion, reflecting typical seasonality, net asset gathering, and client engagement with the markets.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 38.1 million active brokerage accounts, 5.7 million workplace plan participant accounts, 2.2 million banking accounts, and $11.83 trillion in client assets as of October 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 October 2025 | ||||||||||||||||||||||||||||||
2024 |
2025 |
Change | ||||||||||||||||||||||||||||
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Mo. | Yr. | ||||||||||||||||
| Market Indices (at month end) | ||||||||||||||||||||||||||||||
| Dow Jones Industrial Average® | 41,763 |
|
44,911 |
|
42,544 |
|
44,545 |
|
43,841 |
|
42,002 |
|
40,669 |
|
42,270 |
|
44,095 |
|
44,131 |
|
45,545 |
|
46,398 |
|
47,563 |
|
3% |
14% |
||
| Nasdaq Composite® | 18,095 |
|
19,218 |
|
19,311 |
|
19,627 |
|
18,847 |
|
17,299 |
|
17,446 |
|
19,114 |
|
20,370 |
|
21,122 |
|
21,456 |
|
22,660 |
|
23,725 |
|
5% |
31% |
||
| Standard & Poor’s® 500 | 5,705 |
|
6,032 |
|
5,882 |
|
6,041 |
|
5,955 |
|
5,612 |
|
5,569 |
|
5,912 |
|
6,205 |
|
6,339 |
|
6,460 |
|
6,688 |
|
6,840 |
|
2% |
20% |
||
| Client Assets (in billions of dollars) |
|
|
||||||||||||||||||||||||||||
| Beginning Client Assets | 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 |
|
11,228.1 |
|
11,593.9 |
|
|
|
||
| Net New Assets (1) | 22.7 |
|
25.5 |
|
60.2 |
|
30.5 |
|
46.6 |
|
55.3 |
|
1.1 |
|
33.6 |
|
38.9 |
|
45.7 |
|
43.3 |
|
45.4 |
|
41.6 |
|
(8%) |
83% |
||
| Net Market (Losses) Gains | (91.2 |
) |
427.9 |
|
(264.3 |
) |
201.3 |
|
(99.5 |
) |
(405.8 |
) |
(38.6 |
) |
423.2 |
|
369.4 |
|
160.5 |
|
221.3 |
|
320.4 |
|
192.5 |
|
|
|
||
| Total Client Assets (at month end) | 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 |
|
11,228.1 |
|
11,593.9 |
|
11,828.0 |
|
2% |
20% |
||
| Core Net New Assets (1,2) | 24.6 |
|
28.8 |
|
61.4 |
|
30.6 |
|
48.0 |
|
59.1 |
|
2.7 |
|
35.0 |
|
42.6 |
|
46.9 |
|
44.4 |
|
46.2 |
|
44.4 |
|
(4%) |
80% |
||
| Receiving Ongoing Advisory Services (at month end) |
|
|
||||||||||||||||||||||||||||
| Investor Services | 665.6 |
|
688.9 |
|
682.0 |
|
698.7 |
|
703.5 |
|
688.8 |
|
688.2 |
|
711.2 |
|
737.6 |
|
747.9 |
|
771.1 |
|
792.5 |
|
807.6 |
|
2% |
21% |
||
| Advisor Services | 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 |
|
4,888.2 |
|
5,016.7 |
|
5,106.1 |
|
2% |
19% |
||
| Client Accounts (at month end, in thousands) |
|
|
||||||||||||||||||||||||||||
| Active Brokerage Accounts | 36,073 |
|
36,222 |
|
36,456 |
|
36,709 |
|
36,861 |
|
37,011 |
|
37,254 |
|
37,375 |
|
37,476 |
|
37,658 |
|
37,798 |
|
37,963 |
|
38,145 |
|
- |
6% |
||
| Banking Accounts | 1,967 |
|
1,980 |
|
1,998 |
|
2,019 |
|
2,033 |
|
2,050 |
|
2,066 |
|
2,077 |
|
2,096 |
|
2,116 |
|
2,137 |
|
2,150 |
|
2,172 |
|
1% |
10% |
||
| Workplace Plan Participant Accounts (3) | 5,407 |
|
5,393 |
|
5,399 |
|
5,450 |
|
5,464 |
|
5,495 |
|
5,518 |
|
5,563 |
|
5,586 |
|
5,619 |
|
5,606 |
|
5,619 |
|
5,696 |
|
1% |
5% |
||
| Client Activity |
|
|
||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 331 |
|
357 |
|
431 |
|
433 |
|
362 |
|
388 |
|
439 |
|
336 |
|
323 |
|
377 |
|
382 |
|
384 |
|
429 |
|
12% |
30% |
||
| Client Cash as a Percentage of Client Assets (4) | 9.8 |
% |
9.5 |
% |
10.1 |
% |
9.8 |
% |
10.0 |
% |
10.6 |
% |
10.5 |
% |
10.1 |
% |
9.9 |
% |
9.7 |
% |
9.5 |
% |
9.4 |
% |
9.3 |
% |
(10) bp |
(50) bp |
||
| Derivative Trades as a Percentage of Total Trades | 21.4 |
% |
19.7 |
% |
18.6 |
% |
19.3 |
% |
19.9 |
% |
19.5 |
% |
18.4 |
% |
21.0 |
% |
20.8 |
% |
21.3 |
% |
22.5 |
% |
22.3 |
% |
23.8 |
% |
150 bp |
240 bp |
||
| Selected Average Balances (in millions of dollars) |
|
|
||||||||||||||||||||||||||||
| Average Interest-Earning Assets (5) | 422,327 |
|
425,789 |
|
431,177 |
|
431,523 |
|
424,805 |
|
425,228 |
|
430,884 |
|
419,638 |
|
417,768 |
|
418,640 |
|
417,194 |
|
423,629 |
|
433,631 |
|
2% |
3% |
||
| Average Margin Balances | 74,105 |
|
76,932 |
|
81,507 |
|
82,551 |
|
84,233 |
|
82,725 |
|
77,478 |
|
79,132 |
|
82,339 |
|
85,492 |
|
90,399 |
|
94,609 |
|
101,192 |
|
7% |
37% |
||
| Average Bank Deposit Account Balances (6) | 83,261 |
|
84,385 |
|
85,384 |
|
84,790 |
|
83,089 |
|
84,302 |
|
84,060 |
|
81,495 |
|
81,014 |
|
80,755 |
|
79,781 |
|
79,308 |
|
76,203 |
|
(4%) |
(8%) |
||
| Mutual Funds and Exchange-Traded Funds |
|
|
||||||||||||||||||||||||||||
| Net Buys (Sells) (7,8) (in millions of dollars) |
|
|
||||||||||||||||||||||||||||
| Equities | 7,176 |
|
13,226 |
|
14,805 |
|
10,050 |
|
4,987 |
|
(1,221 |
) |
7,950 |
|
10,473 |
|
8,987 |
|
10,936 |
|
8,402 |
|
8,832 |
|
6,895 |
|
|
|
||
| Hybrid | (1,397 |
) |
(329 |
) |
124 |
|
(1,324 |
) |
(464 |
) |
(603 |
) |
(1,663 |
) |
(287 |
) |
(1,038 |
) |
(463 |
) |
(604 |
) |
(452 |
) |
(1,278 |
) |
|
|
||
| Bonds | 10,442 |
|
7,473 |
|
10,969 |
|
8,747 |
|
12,162 |
|
11,438 |
|
(1,490 |
) |
8,483 |
|
6,050 |
|
11,920 |
|
12,993 |
|
12,502 |
|
16,206 |
|
|
|
||
| Net Buy (Sell) Activity (in millions of dollars) |
|
|
||||||||||||||||||||||||||||
| Mutual Funds (7) | (4,905 |
) |
(4,492 |
) |
(4,331 |
) |
(6,785 |
) |
(3,971 |
) |
(8,537 |
) |
(13,955 |
) |
(3,224 |
) |
(5,351 |
) |
(3,442 |
) |
(2,217 |
) |
(4,754 |
) |
(6,289 |
) |
|
|
||
| Exchange-Traded Funds (8) | 21,126 |
|
24,862 |
|
30,229 |
|
24,258 |
|
20,656 |
|
18,151 |
|
18,752 |
|
21,893 |
|
19,350 |
|
25,835 |
|
23,008 |
|
25,636 |
|
28,112 |
|
|
|
||
| Money Market Funds | 11,032 |
|
9,172 |
|
8,956 |
|
11,584 |
|
12,306 |
|
14,586 |
|
(6,158 |
) |
5,794 |
|
5,814 |
|
2,452 |
|
4,319 |
|
(517 |
) |
6,333 |
|
|
|
||
| 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 $0.3 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. | ||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20251114356599/en/
Contacts
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
