Oppenheimer Q3 net income falls 75% to $5.5 million on 10% lower revenue
Oppenheimer Holdings posted a third quarter 2026 investor presentation with results showing revenue of $382.0 million, down 10.0% from a year earlier, and net income attributable to the company of $5.5 million, down 74.9%. Diluted EPS was $0.47 under U.S. GAAP versus $1.90 a year earlier, and the company also reported record stockholders' equity of $991.1 million at September 30, 2026.
Key points
- Third quarter 2026 revenue was $382.0 million versus $424.4 million in the prior-year quarter, with investment banking revenue down 57.2%.
- Third quarter GAAP diluted EPS was $0.47 versus $1.90; adjusted diluted EPS (non-GAAP) was $1.81 versus $2.77.
- Nine-month 2026 revenue rose 10.0% to $1.28 billion, but net income of $12.2 million included a $70 million class action sweep litigation settlement.
- The Board announced 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 November 02, 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.