Oppenheimer Holdings Inc. Reports Third Quarter 2026 Earnings Amid Increased Compensation Expenses
Oppenheimer Holdings Inc. (NYSE: OPY) reported a decline in third-quarter 2026 net income to $5.5 million ($0.52 per share), down significantly from $21.7 million ($2.06 per share) in the prior year period. Revenue also fell by 10% year-over-year to $382.0 million, driven by lower retail trading activity and reduced investment banking volumes due to market uncertainty. The earnings decline was heavily impacted by a $21.0 million pre-tax expense related to a long-term employee incentive program tied to the company's stock price appreciation. Despite these headwinds, the firm achieved record-high assets under management (AUM) and maintained strong stockholders' equity and liquidity levels.
Tickers: $OPY
Topics: earnings per share financial results net income revenue