Oppenheimer Holdings Inc. Reports 593.1% Rise in Q4 Net Income

By Chris Stiles • Sunday, February 01 04:08 • Permanent Link

Oppenheimer Holdings Inc. reported a significant increase in net income for the fourth quarter of 2025, with a 593.1% rise to $74.4 million compared to $10.7 million in the same period in 2024. Basic earnings per share also saw a substantial increase, rising to $7.08 from $1.04 in the fourth quarter of 2024. The company's revenue for the same period increased by 25.9% to $472.6 million from $375.4 million in 2024.

For the full year ended December 31, 2025, Oppenheimer Holdings Inc. reported a net income of $148.4 million, marking a 107.4% increase from the $71.6 million reported for the year ended December 31, 2024. The basic earnings per share for the full year 2025 stood at $14.13, up from $6.91 in 2024. The revenue for the full year 2025 was $1.6 billion, a 14.4% increase from the $1.4 billion reported for the full year 2024.

The wealth management segment reported revenue of $287.3 million for the fourth quarter of 2025, a 13.3% increase from the same period in 2024. Pre-tax income for the wealth management segment was $98.8 million, marking an 84.0% increase from a year ago. The capital markets segment reported revenue of $182.9 million for the fourth quarter of 2025, a substantial 53.3% increase from a year ago. The pre-tax income for the capital markets segment stood at $52.8 million, compared to a pre-tax loss of $5.0 million in the same period in 2024.

The company's board of directors announced a quarterly dividend of $0.18 per share for the fourth quarter of 2025, payable on February 27, 2026, to holders of class A non-voting and class B voting common stock of record on February 13, 2026. Additionally, a special dividend of $1.00 per share was paid to holders of class A non-voting and class B voting common stock on January 9, 2026, totaling $10.5 million.

Oppenheimer Holdings Inc. also declared a $1.00 per share special dividend payable in January 2026 and repurchased 46,292 shares during the year at an average price of $64.36 per share.

The effective tax rate for the 2025 year improved to 29.9% compared with 32.6% for the prior year, and the stockholders' equity, book value per share, and tangible book value per share at December 31, 2025, reached record levels. The market has reacted to these announcements by moving the company's shares 3.86% to a price of $82.07. For the full picture, make sure to review OPPENHEIMER HOLDINGS INC's 8-K report.

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