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CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Commissions $ 120,684 $ 103,079 $ 341,587 $ 295,984
Advisory fees 134,404 121,631 388,835 353,675
Investment banking 77,488 52,185 168,644 131,841
Bank deposit sweep income 28,349 34,875 87,078 106,406
Interest 38,859 38,034 113,245 99,605
Principal transactions, net 14,902 14,364 38,409 42,672
Other 9,752 9,184 27,643 26,896
Total revenue 424,438 373,352 1,165,441 1,057,079
Expenses        
Compensation and related expenses 290,222 237,935 756,387 680,375
Communications and technology 25,938 24,602 78,324 73,860
Occupancy and equipment costs 15,971 16,240 47,558 47,604
Clearing and exchange fees 6,850 7,125 21,643 19,747
Interest 22,496 24,103 66,421 66,631
Other 31,326 27,977 89,887 80,172
Total expenses 392,803 337,982 1,060,220 968,389
Pre-tax income 31,635 35,370 105,221 88,690
Income tax provision 9,923 10,862 31,180 28,172
Net income 21,712 24,508 74,041 60,518
Net loss attributable to noncontrolling interest, net of tax 0 0 0 (310)
Net income attributable to Oppenheimer Holdings Inc. $ 21,712 $ 24,508 $ 74,041 $ 60,828
Earnings per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ 2.06 $ 2.38 $ 7.05 $ 5.87
Diluted (in dollars per share) $ 1.90 $ 2.16 $ 6.53 $ 5.45
Weighted average shares outstanding        
Basic (in shares) 10,519,722 10,332,927 10,502,101 10,355,982
Diluted (in shares) 11,450,346 11,277,865 11,349,801 11,156,536
Period end shares outstanding (in shares) 10,520,549 10,331,401 10,520,549 10,331,401