Oppenheimer Q3 2026 net income falls to $5.5 million as revenue drops 10%
Oppenheimer Holdings reported third quarter 2026 revenue of $382.0 million, down 10.0% from a year earlier, and net income of $5.5 million, or $0.52 per basic share, versus $21.7 million, or $2.06 per share, in the third quarter of 2025. The company said a $21.0 million pre-tax stock appreciation rights expense, tied to a rise in its share price, weighed on results, and its adjusted basic EPS was $1.96 versus $3.01.
Key points
- Revenue was $382.0 million, down 10.0% from $424.4 million; Capital Markets revenue fell 29.7% to $114.0 million
- Net income was $5.5 million, or $0.52 basic EPS, versus $21.7 million, or $2.06, a year earlier
- Adjusted basic EPS, a non-GAAP measure, was $1.96 versus $3.01 in the prior-year quarter
- Board declared a quarterly dividend of $0.20 per share, payable November 27, 2026, to holders of record on November 13, 2026
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.