Peer Comparison: Charles Schwab vs Robinhood – Net Deposits and Retail Trading Trends in 2025
Executive summary • Schwab recorded core net new assets of $80.3 billion in Q2 2025 while Robinhood reported net deposits of $13.8 billion in the same quarter; the differential frames deposit-gathering scale for incumbent custodian vs scaled retail platform. • Schwab Q2 net revenues were $5.9 billion and adjusted EPS $1.14; Robinhood Q2 net revenues…