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Get filing alertsOppenheimer reports Q2 2026 net income of $27.4M ($2.55 EPS) on revenue up 21.9% to $454.9M
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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Q2 2026 net income of $27.4M ($2.55 EPS) on revenue of $454.9M, up 21.9% YoY from $373.2M, driven by stronger investment banking advisory fees, higher transaction commissions, and growth in AUM-based advisory fees.
Exhibit 99.1 view on EDGAR → -
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Results include $24.9M pre-tax charge for stock appreciation rights tied to OPY stock price, which rose $16.35/share in Q2 (from $89.19 to $105.54). Excluding this, adjusted net income was $45.7M ($4.27 EPS).
Exhibit 99.1 view on EDGAR → -
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Six-month results include $70M pre-tax legal accrual in Q1 2026 to settle cash sweep class action litigation. Excluding both litigation and stock comp charges, adjusted H1 net income was $93.2M ($8.73 EPS).
Exhibit 99.1 view on EDGAR → -
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Assets under management reached record $59.4B at June 30, 2026, up $6.6B YoY, driven by $9.4B market appreciation partially offset by $2.8B net distributions. This AUM level forms the basis for July 2026 advisory fee billings.
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.20/share, payable August 28, 2026 to shareholders of record August 14, 2026 (both Class A and Class B stock).
Exhibit 99.1 view on EDGAR →
Summary
Oppenheimer Holdings reported strong Q2 2026 operating performance with revenue up 21.9% year-over-year to $454.9 million, driven by increased investment banking advisory fees, higher transaction commissions, and growth in AUM-based advisory fees.
Net income of $27.4 million ($2.55 per share) was significantly impacted by a $24.9 million pre-tax charge for stock appreciation rights tied to the firm's rising stock price, which climbed $16.35 per share during the quarter. Excluding this compensation expense, adjusted net income was $45.7 million ($4.27 per share), reflecting healthy underlying profitability.
The six-month results also include a $70 million pre-tax legal accrual recorded in Q1 2026 to settle class action cash sweep litigation. This one-time charge, combined with the stock compensation expense, reduced reported H1 2026 net income to $6.8 million ($0.63 per share) versus $52.3 million in the prior year. Excluding both items, adjusted H1 net income was $93.2 million ($8.73 per share). Assets under management reached a record $59.4 billion at quarter-end, up $6.6 billion year-over-year, positioning the firm for continued advisory fee growth. The Board maintained its quarterly dividend at $0.20 per share.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Oppenheimer Holdings announced Q2 2026 earnings results via press release.
Added in current filing · verify on EDGAR →
On July 31, 2026, Oppenheimer Holdings Inc. (the “Company”) issued a press release announcing its second quarter 2026 earnings.
The company disclosed its second quarter 2026 financial results through a press release. The 8-K body itself does not contain the actual financial figures—those appear in the attached Exhibit 99.1 press release, which was not provided in the input text.
Event · Exhibit 99.1
Oppenheimer reported Q2 2026 net income of $27.4M ($2.55 EPS) on revenue of $454.9M, up 21.9% YoY, with results impacted by $24.9M stock-based comp expense.
Added in current filing · view on EDGAR →
For the six months ended June 30, 2026, adjusted net income (a), which also excludes the $70 million pre-tax legal accrual related to the settlement of the Company's "cash sweep" litigation recorded in the first quarter of 2026, was $93.2 million or $8.73 adjusted basic earnings per share
The company recorded a $70 million pre-tax legal accrual in Q1 2026 to settle class action cash sweep litigation. This charge, combined with the stock appreciation rights expense, reduced six-month 2026 net income to $6.8 million ($0.63 per share) versus $52.3 million ($4.99 per share) in the prior year period. Excluding both items, adjusted net income for the first half was $93.2 million ($8.73 per share).
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify