WESTLAKE, Texas --(BUSINESS WIRE)

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
OctNovDecJanFebMarAprMayJunJulAugSepOctMo.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.

 

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

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

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