Oppenheimer Holdings Inc. Reports Third Quarter 2026 Earnings
Key Highlights
- ➤Q3 net income $5.5M, down 74.9% year over year
- ➤Q3 revenue $382.0M, down 10.0% year over year
- ➤Capital Markets revenue fell 29.7%, producing a $9.9M pretax loss
- ➤AUM reached record-high $59.6B, up $4.5B year over year
- ➤Stockholders’ equity reached record $991.1M; quarterly dividend set at $0.20 per share
Expert Statements
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“The Firm's operating results for the third quarter reflected generally constructive market conditions, although earnings were disappointing due to lower retail trading activity, reduced investment banking volumes and higher expense associated with the increased value of stock appreciation rights resulting from the change in the Company's stock price during the quarter.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“Client asset levels grew, with assets under management ("AUM") ending the quarter at a record-high level, and assets under administration ("AUA") remaining above the prior year levels.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“However, trading activity moderated from the elevated levels experienced during the prior year and IPO activity slowed as issuers faced an uncertain reception, and investors navigated an environment marked by interest rate uncertainty, continued inflation concerns and the approaching U.S. midterm election cycle.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“Our Wealth Management business benefited from record high AUM levels, which drove increased advisory fee revenues, although reduced retail trading activity resulted in lower transaction-based revenues.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“Our Capital Markets business was impacted by lower advisory and underwriting activity as corporate clients took a more cautious approach to strategic transactions and capital raising initiatives were largely unavailable to smaller issuers during the quarter, while pockets of volatility provided opportunities for certain of our trading businesses.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“The Company ended the quarter with stockholders' equity reaching a record high and ample levels of liquidity and capital.”
Robert S. Lowenthal, President and CEO of Oppenheimer Holdings Inc.
“Our financial strength provides us with the flexibility to continue investing in our businesses and our people while pursuing opportunities for growth across the Firm.”
Oppenheimer Holdings Inc. Reports Third Quarter 2026 Earnings PR Newswire
NEW YORK, Oct. 30, 2026 /PRNewswire/ -- Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $5.5 million or $0.52 basic earnings per share for the third quarter of 2026, compared with net income of $21.7 million or $2.06 basic earnings per share for the third quarter of 2025. Revenue for the third quarter of 2026 was $382.0 million, a decrease of 10.0%, compared with revenue of $424.4 million for the third quarter of 2025. Year to date revenue totaled $1,282.0 million, an increase of 10.0%, compared with $1,165.4 million for the same period in 2025. Net income for the nine months ended September 30, 2026 was $12.2 million or $1.14 basic earnings per share, compared with net income of $74.0 million or $7.05 basic earnings per share for the same period in 2025.
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