Oppenheimer Holdings posts Q3 2026 net income of $5.5 million, revenue down 10% to $382 million
Oppenheimer Holdings Inc. reported third‑quarter 2026 net income of $5.5 million, or $0.52 basic EPS, on revenue of $382.0 million, a 10.0% decline year‑over‑year. Adjusted (non‑GAAP) net income was $20.9 million, or $1.96 adjusted EPS, after excluding a $21.0 million pre‑tax stock‑appreciation‑rights expense. Management noted record‑high assets under management of $59.6 billion and a record stockholders’ equity of $991.1 million, but cited weaker retail trading, lower investment‑banking volumes and higher compensation costs as headwinds.
Why it matters
The company said the revenue decline and lower earnings reflect softer trading and capital‑markets activity, which could pressure the share price. However, management highlighted the record AUM and equity as a cushion that supports liquidity and future growth opportunities.
Key facts
- 1Net income was $5.5 million, or $0.52 basic EPS, for Q3 2026. prnewswire.com
- 2Revenue was $382.0 million, down 10.0% from $424.4 million in Q3 2025. prnewswire.com
- 3Year‑to‑date revenue totaled $1,282.0 million, up 10.0% from $1,165.4 million a year earlier. prnewswire.com
- 4Adjusted net income was $20.9 million, or $1.96 adjusted basic EPS, excluding a $21.0 million pre‑tax expense. prnewswire.com
- 5A $21.0 million pre‑tax expense was recorded for a long‑term employee incentive program tied to the stock price. sec.gov
- 6Assets under management reached a record $59.6 billion at September 30 2026. sec.gov
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.