Oppenheimer Q3 net income drops 75% to $5.46 million; Q3 revenue falls 10% to $382 million

• Oppenheimer Holdings’ third-quarter 2026 net income attributable to shareholders fell 75% year over year to $5.46 million.
• Revenue declined 10% to $382 million, primarily due to lower investment banking activity, transaction-based commissions and certain trading-related revenue.
• Capital Markets swung to a pre-tax loss of $9.89 million, while revenue dropped 30% to $114.03 million year over year.
• Results included $21 million in stock-linked incentive compensation expense tied to the rise in the company’s share price.
• Assets under management reached a record $59.6 billion at September 30, supporting advisory fee billings for October.

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