Oppenheimer Holdings Reports Third Quarter 2026 Results

The firm posted $5.5 million in net income while declaring a $0.20 quarterly dividend per share.

Updated on Oct. 30, 2026 in Corporate Finance

Isometric editorial illustration of a stack of gold-colored ingots and a steel beam, symbolizing financial balance in corporate earnings. — Oppenheimer Holdings reported $5.5 million in net income for the third quarter of 2026, alongside a $0.20 per share dividend declaration. AI Illustration. Upload story photo >

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Oppenheimer Holdings reported $5.5 million in net income for the third quarter ending September 30, 2026. Quarterly revenue for the firm totaled $382.0 million.

Why it matters

Revenue decreased due to lower investment banking activity and reduced retail trading. Higher expenses associated with stock appreciation rights also impacted earnings for the quarter.

The firm reported basic earnings per share of $0.52 and an effective tax rate of 38.5% for the period. Total stockholders' equity reached $991.1 million at the end of the quarter.

The players

Oppenheimer Holdings

This investment firm provides wealth management, investment banking, and capital markets services with headquarters in New York.

The details

Results included a $21.0 million pre-tax expense tied to employee incentive programs linked to Class A stock price. The Capital Markets segment reported a pre-tax loss of $9.9 million, while the Wealth Management segment generated $55.6 million in pre-tax income.

The third quarter reporting period ended on September 30, 2026.
Advisory fees are billed during the month of October 2026.
The record date for the quarterly dividend is November 13, 2026.
The quarterly dividend payment is scheduled for November 27, 2026.

Market Dynamics

The firm is adjusting its incentive compensation program formula to mitigate expenses linked to stock price volatility. This shift reflects a broader trend among financial institutions to stabilize compensation costs during periods of fluctuating market activity.

Shareholders can expect the declared $0.20 per share dividend to be paid out on November 27, 2026. The firm maintains a financial advisor headcount of 926 to support its national wealth management operations.

The takeaway

Oppenheimer Holdings saw growth in assets under management to a record $59.6 billion despite broader revenue headwinds. Investors should monitor how the updated compensation formula influences long-term expense ratios in future quarters.