OPPENHEIMER HOLDINGS INC
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 31, 2026
OPY$91.08-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
| (Expressed in thousands, except number of shares and per share amounts) | June 30, | December 31, |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Cash and cash equivalents | $38,453 | $38,405 |
| Deposits with clearing organizations | 158,268 | 107,607 |
| Receivables from brokers, dealers and clearing organizations | 317,228 | 260,001 |
| Receivables from customers, net of allowance for credit losses of $166 ($131 in 2025) | 1,550,773 | 1,415,049 |
| Income tax receivables | 5,997 | 1,406 |
| Securities owned, including amounts pledged of $1,226,378 ($1,179,503 in 2025), at fair value | 1,532,557 | 1,250,802 |
| Notes receivable, net | 53,482 | 57,965 |
| Furniture, equipment and leasehold improvements, net of accumulated depreciation of $106,912 ($101,962 in 2025) | 29,356 | 32,402 |
| Right-of-use lease assets, net of accumulated amortization of $150,336 ($137,005 in 2025) | 108,822 | 119,111 |
| Company-owned life insurance | 115,874 | 109,094 |
| Goodwill | 143,607 | 143,607 |
| Intangible assets | 34,709 | 35,042 |
| Other assets | 141,600 | 151,924 |
| Total Assets | $4,230,726 | $3,722,415 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Drafts payable | $7,181 | $18,347 |
| Bank call loans | 349,900 | 76,800 |
| Payables to brokers, dealers and clearing organizations | 623,451 | 397,997 |
| Payables to customers | 423,779 | 393,694 |
| Securities sold under agreements to repurchase | 983,116 | 997,192 |
| Securities sold but not yet purchased, at fair value | 250,824 | 175,712 |
| Accrued compensation | 346,537 | 374,420 |
| Income tax payable | 275 | 15,640 |
| Accounts payable and other liabilities | 69,266 | 73,600 |
| Lease liabilities | 141,185 | 154,928 |
| Deferred tax liabilities, net of deferred tax assets of $59,589 ($50,032 in 2025) | 38,557 | 47,056 |
| Total Liabilities | 3,234,071 | 2,725,386 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' Equity | ||
| Common stock ($0.001 par value per share): Class A: shares issued and outstanding: 10,608,340 and 10,387,575 as of June 30, 2026 and December 31, 2025, respectivelyClass B: shares issued and outstanding: 99,665 as of each of June 30, 2026 and December 31, 2025 | 11 | 10 |
| Additional paid-in capital | 28,124 | 32,703 |
| Retained earnings | 950,117 | 947,413 |
| Accumulated other comprehensive income | 5,188 | 3,697 |
| Total Oppenheimer Holdings Inc. stockholders' equity | 983,440 | 983,823 |
| Noncontrolling interest | 13,215 | 13,206 |
| Total Stockholders' Equity | 996,655 | 997,029 |
| Total Liabilities and Stockholders' Equity | $4,230,726 | $3,722,415 |
CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Expressed in thousands, except number of shares and per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenue | ||||
| Commissions | $127,538 | $110,025 | $255,879 | $220,903 |
| Advisory fees | 145,565 | 125,628 | 287,283 | 254,431 |
| Investment banking | 84,332 | 43,533 | 182,052 | 91,156 |
| Bank deposit sweep income | 24,955 | 28,654 | 51,073 | 58,729 |
| Interest | 39,293 | 38,017 | 76,824 | 74,386 |
| Principal transactions, net | 16,239 | 14,532 | 27,026 | 23,507 |
| Other | 16,954 | 12,789 | 19,834 | 17,891 |
| Total revenue | 454,876 | 373,178 | 899,971 | 741,003 |
| Expenses | ||||
| Compensation and related expenses | $307,141 | $239,074 | 603,142 | 466,165 |
| Communications and technology | 27,836 | 26,204 | 54,402 | 52,386 |
| Occupancy and equipment costs | 15,507 | 15,578 | 31,282 | 31,587 |
| Clearing and exchange fees | 7,969 | 7,041 | 14,330 | 14,793 |
| Interest | 19,882 | 22,529 | 38,568 | 43,925 |
| Other (1) | 37,096 | 30,542 | 145,803 | 58,561 |
| Total expenses | 415,431 | 340,968 | 887,527 | 667,417 |
| Pre-tax income | 39,445 | 32,210 | 12,444 | 73,586 |
| Income tax provision | 12,094 | 10,536 | 5,662 | 21,257 |
| Net income | $27,351 | $21,674 | $6,782 | $52,329 |
| Net income attributable to noncontrolling interest, net of tax | — | — | 9 | — |
| Net income attributable to Oppenheimer Holdings Inc. | $27,351 | $21,674 | $6,773 | $52,329 |
| Earnings per share attributable to Oppenheimer Holdings Inc. | ||||
| Basic | $2.55 | $2.06 | $0.63 | $4.99 |
| Diluted | $2.38 | $1.91 | $0.60 | $4.63 |
| Weighted average shares outstanding | ||||
| Basic | 10,708,005 | 10,520,219 | 10,675,637 | 10,493,145 |
| Diluted | 11,483,286 | 11,349,049 | 11,380,760 | 11,308,979 |
| Period end shares outstanding | 10,708,005 | 10,517,924 | 10,708,005 | 10,517,924 |
(1) Included in other expenses for the six months ended June 30, 2026 was a $70 million expense related to the settlement of the “cash sweep” program litigation. See Note 13.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.