Oppenheimer Holdings' Q1 revenue and adjusted EPS rise

Oppenheimer Holdings

01/05/2026 13:09

Overview

U.S. investment bank's Q1 revenue rose 21% yr/yr, driven by higher banking and advisory fees

Company posted Q1 net loss due to $70 mln legal settlement and higher compensation expenses

Adjusted EPS for Q1 rose yr/yr as core businesses delivered higher operating results

Result Drivers

LEGAL SETTLEMENT - Q1 results were negatively impacted by a $70 mln pre-tax legal accrual for settlement of cash sweep program litigation

COMPENSATION EXPENSES - Higher compensation costs, including $22.3 mln tied to stock appreciation rights and increased incentive accruals, weighed on results

INVESTMENT BANKING & ADVISORY FEES - Revenue growth was driven by significantly higher investment banking fees and advisory fees reflecting growth in billable AUM

Company press release: ID:nPn4yZLC4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$445.10 mln
Q1 Adjusted EPS
$4.21
Q1 EPS
-$1.93
Q1 Net Income
-$20.58 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)