OPPENHEIMER HOLDINGS INC
For the period ended Oct 30, 2026. Filed Oct 30, 2026.
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Oct 30, 2026 · Filed Oct 30, 2026
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Contents
EX-99.1 · Forward-Looking Statements
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, but are not limited to, statements regarding the Company’s future financial performance, business strategy, growth initiatives, market conditions, and ability to attract and retain talent. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: changes in general economic and market conditions; fluctuations in interest rates; changes in securities markets and trading volumes; the level of retail trading activity, investment banking, underwriting and advisory activity, and changes in the value of client assets under management and administration; volatility in the price of the Company’s Class A common stock, which directly affects compensation expense associated with the Company’s liability-based stock appreciation rights and other stock price-linked incentive compensation programs, and the timing and extent to which changes to such programs reduce that expense; the impact of current and future regulations; competition in the financial services industry; the Company’s ability to attract and retain key personnel, including financial advisors; litigation and regulatory matters; and other factors described in Part I, Item 1A – Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.
| Oppenheimer Holdings Inc. | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Income Statements (Unaudited) | ||||||||||||
| ('000s, except number of shares and per share amounts) | ||||||||||||
| For the Three Months EndedSeptember 30, · For the Nine Months EndedSeptember 30, | ||||||||||||
| 2026 · 2025 · % Change · 2026 · 2025 · % Change | ||||||||||||
| Revenue | ||||||||||||
| Commissions | $115,895 | $120,684 | (4.0) | $371,774 | $341,587 | 8.8 | ||||||
| Advisory fees | 154,952 | 134,404 | 15.3 | 442,235 | 388,835 | 13.7 | ||||||
| Investment banking | 33,194 | 77,488 | (57.2) | 215,246 | 168,644 | 27.6 | ||||||
| Bank deposit sweep income | 25,556 | 28,349 | (9.9) | 76,629 | 87,078 | (12.0) | ||||||
| Interest | 39,509 | 38,859 | 1.7 | 116,333 | 113,245 | 2.7 | ||||||
| Principal transactions, net | 5,400 | 14,902 | (63.8) | 32,426 | 38,409 | (15.6) | ||||||
| Other | 7,498 | 9,752 | (23.1) | 27,332 | 27,643 | (1.1) | ||||||
| Total revenue | 382,004 | 424,438 | (10.0) | 1,281,975 | 1,165,441 | 10.0 | ||||||
| Expenses | ||||||||||||
| Compensation and related expenses | 264,755 | 290,222 | (8.8) | 867,897 | 756,387 | 14.7 | ||||||
| Communications and technology | 29,134 | 25,938 | 12.3 | 83,536 | 78,324 | 6.7 | ||||||
| Occupancy and equipment costs | 16,460 | 15,971 | 3.1 | 47,742 | 47,558 | 0.4 | ||||||
| Clearing and exchange fees | 7,734 | 6,850 | 12.9 | 22,064 | 21,643 | 1.9 | ||||||
| Interest | 21,730 | 22,496 | (3.4) | 60,298 | 66,421 | (9.2) | ||||||
| Other | 33,399 | 31,326 | 6.6 | 179,202 | 89,887 | 99.4 | ||||||
| Total expenses | 373,212 | 392,803 | (5.0) | 1,260,739 | 1,060,220 | 18.9 | ||||||
| Pre-tax income | 8,792 | 31,635 | (72.2) | 21,236 | 105,221 | (79.8) | ||||||
| Income tax provision | 3,388 | 9,923 | (65.9) | 9,050 | 31,180 | (71.0) | ||||||
| Net income | $5,404 | $21,712 | (75.1) | $12,186 | $74,041 | (83.5) | ||||||
| Less: Net income attributable to noncontrolling interest, net of tax | (55) | — | * | (46) | — | * | ||||||
| Net income attributable to Oppenheimer Holdings Inc. | $5,459 | $21,712 | (74.9) | $12,232 | $74,041 | (83.5) | ||||||
| Earnings per share attributable to Oppenheimer Holdings Inc. | ||||||||||||
| Basic | $0.52 | $2.06 | (74.8) | $1.14 | $7.05 | (83.8) | ||||||
| Diluted | $0.47 | $1.90 | (75.3) | $1.07 | $6.53 | (83.6) | ||||||
| Weighted average number of common shares outstanding | ||||||||||||
| Basic | 10,709,025 | 10,519,722 | 1.8 | 10,686,888 | 10,502,101 | 1.8 | ||||||
| Diluted | 11,586,145 | 11,450,346 | 1.2 | 11,450,030 | 11,349,801 | 0.9 | ||||||
| Period end number of common shares outstanding | 10,711,205 | 10,520,549 | 1.8 | 10,711,205 | 10,520,549 | 1.8 | ||||||
- Percentage not meaningful
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