Oppenheimer Holdings Inc. (OPY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 25	$1.77	$1.83	+3.4%	—	$424.4M	—
Q1 23	—	$1.22	—	—	$321.7M	—
Q4 22	—	$1.87	—	—	$313.6M	—
Q3 22	—	$0.37	—	—	$294.1M	—
Q2 22	—	-$0.32	—	—	$237.2M	—
Q1 22	—	$0.69	—	—	$266M	—
Q4 21	—	$4.61	—	—	$365.1M	—
Q3 21	—	$1.92	—	—	$315.3M	—
Q2 21	—	$2.28	—	—	$340.3M	—
Q1 21	—	$2.91	—	—	$373.3M	—
Q4 20	—	$6.17	—	—	$422.9M	—
Q3 20	—	$1.19	—	—	$276.3M	—
Q2 20	—	$1.34	—	—	$264.7M	—
Q1 20	—	$0.58	—	—	$234.8M	—
Q4 19	—	$1.84	—	—	$295.9M	—
Q3 19	—	$0.29	—	—	$234.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$14.1	—	—	$1.6B	—
FY24	—	$6.91	—	—	$1.4B	—
FY23	—	$2.81	—	—	$1.2B	—
FY22	—	$2.77	—	—	$1.1B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$857.8M	$920.3M	$958.2M	$1B	$1.2B	$1.4B	$1.1B	$1.2B	$1.4B	$1.6B
YoY change	-4.46%	+7.29%	+4.11%	+7.85%	+16%	+16.3%	-20.3%	+12.4%	+14.7%	+14.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	857.8M	920.3M	958.2M	1B	1.2B	1.4B	1.1B	1.2B	1.4B	1.6B
Cost of revenue	609.8M	625.7M	630.2M	679.7M	794M	909.1M	766.4M	807.3M	964.5M	1B
Gross profit	247.9M	294.7M	328M	353.7M	404.7M	484.9M	344.5M	441.5M	468M	593.7M
Gross margin	28.9%	32%	34.2%	34.2%	33.8%	34.8%	31%	35.4%	32.7%	36.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	131.2M	133.1M	135.7M	143.8M	144.5M	140.6M	145.4M	157.3M	163.2M	169.5M
Operating expenses	156.3M	156.7M	158.6M	165.7M	167.5M	140.6M	145.4M	157.3M	163.2M	169.5M
Operating income	116.8M	161.5M	192.3M	209.9M	260.2M	344.3M	199.2M	284.2M	304.8M	424.3M
Operating margin	13.6%	17.5%	20.1%	20.3%	21.7%	24.7%	17.9%	22.8%	21.3%	25.9%
Non-operating income, net	-119.2M	-113.6M	-101.1M	-89.3M	-75.5M	-109.8M	-129.8M	-168.8M	-111.1M	-126.5M
Pretax income	-21.9M	19.6M	44.9M	74.9M	169M	224.6M	45.6M	46.8M	105.8M	211.2M
Income tax	-12.3M	-2.1M	16M	22M	46M	65.7M	13.4M	16.5M	34.5M	63.2M
Net income	491K	22.8M	28.9M	53M	123M	159M	32.1M	30.3M	71.2M	148M
Net margin	0.06%	2.48%	3.02%	5.12%	10.3%	11.4%	2.89%	2.42%	4.97%	9.03%
EBITDA	5.6M	53.6M	98.1M	153.4M	218M	268.6M	103.8M	152.6M	231M	335.5M
EPS	-0.09	1.72	2.18	4.1	9.73	12.6	2.77	2.81	6.91	14.1
Diluted EPS	-0.09	1.67	2.05	3.82	9.3	11.7	2.57	2.59	6.37	13

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	312.7M	308.3M	353.1M	330.6M	373.4M	375.4M	367.8M	373.2M	424.4M	472.6M	445.1M	454.9M
Cost of revenue	201.7M	199.9M	227.6M	227.5M	245.1M	264.3M	234.8M	246.1M	297.1M	266.3M	302.4M	315.1M
Gross profit	110.9M	108.4M	125.6M	103.1M	128.3M	111.1M	133M	127.1M	127.4M	206.3M	142.7M	139.8M
Gross margin	35.5%	35.2%	35.6%	31.2%	34.4%	29.6%	36.2%	34%	30%	43.7%	32.1%	30.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	39.9M	39.9M	40.4M	40.2M	40.8M	41.7M	42.2M	41.8M	41.9M	43.6M	42.3M	43.3M
Operating expenses	39.9M	39.9M	40.4M	40.2M	40.8M	41.7M	42.2M	41.8M	41.9M	43.6M	42.3M	43.3M
Operating income	71.1M	68.5M	85.2M	62.9M	87.5M	69.3M	90.8M	85.3M	85.5M	162.7M	100.4M	96.4M
Operating margin	22.7%	22.2%	24.1%	19%	23.4%	18.5%	24.7%	22.9%	20.1%	34.4%	22.6%	21.2%
Non-operating income, net	-29.7M	-32.4M	-27.2M	-25M	-28M	-30.9M	-28M	-30.5M	-31.3M	-36.6M	-108.7M	-37.1M
Pretax income	21.6M	17.8M	37.5M	15.9M	35.4M	17.1M	41.4M	32.2M	31.6M	106M	-27M	39.4M
Income tax	7.8M	6.2M	11.7M	5.6M	10.9M	6.3M	10.7M	10.5M	9.9M	32.1M	-6.4M	12.1M
Net income	13.8M	11.6M	25.7M	10.3M	24.5M	10.7M	30.7M	21.7M	21.7M	73.9M	-20.6M	27.4M
Net margin	4.41%	3.76%	7.29%	3.11%	6.56%	2.86%	8.33%	5.81%	5.12%	15.6%	-4.62%	6.01%
EBITDA	50.8M	46M	67.2M	47.1M	68.9M	47.8M	72.1M	64.2M	63.6M	135.6M	1.1M	69M
EPS	1.32	1.07	2.5	0.99	2.38	1.04	2.93	2.06	2.06	7.08	-1.93	2.55
Diluted EPS	1.21	0.98	2.37	0.92	2.16	0.92	2.72	1.91	1.9	6.51	-1.93	2.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	241M	344.1M	328.2M	343.8M	397.4M	586.2M	493.8M	443.6M	663.3M	759.3M	1.3B
Enterprise value	510.5M	670M	484.9M	876.9M	1B	1B	1B	1B	1.3B	1.3B	1B
Shares outstanding	13.4M	13.2M	13.2M	12.9M	12.6M	12.6M	11.7M	10.7M	10.3M	10.5M	10.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	490.9	15.1	11.4	6.49	3.23	3.69	15.4	14.7	9.31	5.13	13.3
P/S	0.28	0.37	0.34	0.33	0.33	0.42	0.44	0.36	0.46	0.46	0.75
P/B	0.47	0.66	0.6	0.58	0.58	0.62	0.6	0.56	0.78	0.76	1.3
EV/EBITDA	90.9	12.5	4.94	5.72	4.71	3.77	9.77	6.61	5.7	4.02	3.11
EV/Sales	0.6	0.73	0.51	0.85	0.86	0.73	0.91	0.81	0.92	0.82	0.61
Earnings yield	0.2%	6.63%	8.8%	15.4%	31%	27.1%	6.5%	6.82%	10.7%	19.5%	7.52%
FCF yield	-30.1%	-6.32%	48.6%	20.1%	-14.7%	37.4%	9.76%	-8.08%	-17.1%	24.2%	11.6%
PEG	—	—	—	—	—	—	—	—	—	—	0.56

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.9%	32%	34.2%	34.2%	33.8%	34.8%	31%	35.4%	32.7%	36.2%	30.7%
Operating margin	13.6%	17.5%	20.1%	20.3%	21.7%	24.7%	17.9%	22.8%	21.3%	25.9%	17.6%
Net margin	0.06%	2.48%	3.02%	5.12%	10.3%	11.4%	2.89%	2.42%	4.97%	9.03%	5.99%
ROE	0.1%	4.35%	5.3%	8.93%	17.9%	16.7%	3.91%	3.84%	8.38%	14.8%	10.8%
ROA	0.02%	0.94%	1.29%	2.15%	4.53%	5.22%	1.18%	1.05%	2.11%	3.97%	2.59%
ROIC	14.9%	19%	17.6%	13.2%	14.4%	17.7%	10.5%	13.6%	13.6%	18.7%	16.4%
Return on tangible assets	0.03%	1.09%	1.52%	2.49%	5.18%	5.88%	1.35%	1.2%	2.36%	4.4%	2.64%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.67	1.88	1.69	1.71	2.61	2.92	2.35	4.18	6.12	5.99	1.25
Quick ratio	1.67	1.88	1.69	1.71	2.61	2.92	2.35	4.18	6.12	5.99	4.58
Debt / equity	0.65	0.71	0.45	1.03	0.97	0.67	0.77	0.75	0.81	0.63	1.48
Debt / assets	0.15	0.15	0.11	0.25	0.24	0.21	0.23	0.21	0.2	0.17	0.21
Net debt / EBITDA	48	6.08	1.6	3.48	2.88	1.59	5.02	3.7	2.83	1.76	3.17
Interest coverage	-0.13	1.69	1.97	2.64	11.8	23.8	2.91	1.68	2.2	3.44	2.85
Effective tax rate	0%	0%	35.6%	29.3%	27.2%	29.2%	29.5%	35.3%	32.6%	29.9%	31.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	64.2	69.5	72.3	80.1	94.8	110.3	95.2	116.3	138.4	156	162
EPS (basic)	-0.09	1.72	2.18	4.1	9.73	12.6	2.77	2.81	6.91	14.1	14.1
EPS (diluted)	-0.09	1.67	2.05	3.82	9.3	11.7	2.57	2.59	6.37	13	9.01
Book value per share	38.4	39.6	41.2	45.9	54.2	75.4	70.3	73.5	82.2	94.9	91.8
FCF per share	-5.43	-1.64	12	5.36	-4.63	17.4	4.13	-3.34	-10.9	17.5	-0.78
Cash per share	4.86	3.64	6.84	6.16	2.8	16.9	9.64	2.69	3.2	3.66	161.2
Capex per share	0.43	0.42	0.65	0.78	0.36	0.65	1.4	1.59	0.5	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.67%	0.61%	0.91%	0.97%	0.38%	0.59%	1.47%	1.37%	0.36%	—	—
Capex / operating cash flow	-13.2%	-36.8%	3.94%	13.1%	-15.7%	4.04%	18.6%	-75.3%	-3.51%	—	—
Payout ratio	1.2K%	25.6%	20.2%	11.2%	15.1%	12.2%	21.9%	21.3%	9.61%	5.12%	8.21%
Dividend yield	2.44%	1.7%	1.78%	1.73%	4.68%	3.32%	1.43%	1.45%	1.03%	1%	0.67%

Yield

0.67%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Aug 14, 2026

Payout ratio

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.20
May 15, 2026	$0.20
Feb 13, 2026	$0.18

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$312.7M	$308.3M	$353.1M	$330.6M	$373.4M	$375.4M	$367.8M	$373.2M	$424.4M	$472.6M	$445.1M	$454.9M
YoY change	+6.31%	-1.69%	+9.78%	+7.97%	+19.4%	+21.8%	+4.16%	+12.9%	+13.7%	+25.9%	+21%	+21.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	64.9M	48.2M	90.7M	79.5M	35.4M	213.8M	112.4M	28.8M	33.1M	38.4M
Receivables	847.4M	848.2M	720.8M	796.9M	1.1B	1.2B	1.2B	1.1B	1.3B	1.4B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1B	1B	982.6M	1.1B	1.5B	2.1B	1.9B	2.2B	2.7B	3.1B
Property, plant & equipment	27.2M	27.2M	29M	191.7M	181.3M	178.2M	179.4M	184.4M	172M	151.5M
Goodwill & intangibles	339.2M	339.2M	340M	340M	340M	340M	340M	353M	358.6M	357.3M
Total assets	2.2B	2.4B	2.2B	2.5B	2.7B	3B	2.7B	2.9B	3.4B	3.7B
Accounts payable	96.6M	92.5M	87.6M	44.7M	44.8M	76.7M	102.2M	82.8M	65.8M	73.6M
Short-term debt	39.2M	42.4M	16.3M	—	—	—	—	—	—	—
Total current liabilities	627.2M	552M	583M	666.1M	567.7M	725M	792M	529M	445.9M	510.6M
Long-term debt	295.2M	331.6M	231M	612.7M	663.7M	640.8M	633.2M	593.6M	687.6M	628.5M
Total liabilities	1.7B	1.9B	1.7B	1.9B	2B	2.1B	1.9B	2.1B	2.5B	2.7B
Shareholders' equity	513.3M	523.9M	545.3M	592.7M	685.7M	953M	820.4M	789.2M	850.4M	997M
Total debt	334.4M	374M	247.4M	612.7M	663.7M	640.8M	633.2M	593.6M	687.6M	628.5M
Net debt	269.5M	325.9M	156.7M	533.1M	628.3M	427M	520.8M	564.7M	654.4M	590.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	30.8M	28.8M	27.7M	33.2M	32.2M	33.1M	36.7M	37.6M	38.3M	38.4M	34.6M	38.5M
Receivables	1.1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.5B	1.6B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.3B	2.2B	2.6B	2.5B	2.6B	2.7B	1.8B	3B	3.1B	3.1B	3.2B	3.4B
Property, plant & equipment	193.8M	184.4M	177.6M	172.6M	166.3M	172M	168.9M	162.6M	155.6M	151.5M	143.6M	138.2M
Goodwill & intangibles	340M	353M	352.9M	352.7M	352.5M	358.6M	358.3M	358M	357.6M	357.3M	357M	356.6M
Total assets	3B	2.9B	3.3B	3.3B	3.4B	3.4B	3.6B	3.7B	3.8B	3.7B	3.8B	4.2B
Accounts payable	86.5M	82.8M	82.9M	69.2M	64.8M	65.8M	59.2M	64.4M	78.4M	73.6M	144.2M	250.5M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	522.4M	529M	757.8M	447.8M	490.4M	445.9M	437.8M	562.5M	596.5M	510.6M	607.5M	731.6M
Long-term debt	677.7M	593.6M	704.7M	772.1M	781.8M	687.6M	891.9M	925.5M	722.5M	628.5M	767.5M	891.7M
Total liabilities	2.2B	2.1B	2.5B	2.5B	2.5B	2.5B	2.7B	2.8B	2.9B	2.7B	2.8B	3.2B
Shareholders' equity	805.3M	789.2M	801.5M	812.1M	837.8M	850.4M	872.3M	896.9M	920.3M	997M	965.6M	996.7M
Total debt	677.7M	593.6M	704.7M	772.1M	781.8M	687.6M	891.9M	925.5M	722.5M	628.5M	767.5M	891.7M
Net debt	646.9M	564.7M	677M	738.9M	749.6M	654.4M	855.2M	887.9M	684.2M	590.1M	732.9M	853.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	491K	22.8M	28.9M	53M	123M	159M	32.1M	30.3M	71.2M	148M
Depreciation & amortization	8.1M	5.7M	6.9M	32.8M	33.3M	34.1M	34.4M	37.2M	37.3M	37.7M
Stock-based compensation	6.2M	12.6M	6.7M	11.8M	16.2M	31.1M	15.9M	16.9M	45.5M	32.2M
Change in working capital	-68.8M	-66.8M	161.9M	-44.2M	-234.9M	-32.4M	5.9M	-129.7M	-323M	-74M
Operating cash flow	-43.6M	-15.3M	220M	76.7M	-28.8M	204.7M	87.6M	-22.7M	-146.9M	188.8M
Capital expenditure	-5.7M	-5.6M	-8.7M	-10M	-4.5M	-8.3M	-16.3M	-17.1M	-5.1M	—
Investing cash flow	39.7M	-3.9M	-7.8M	-8.3M	-3.9M	-6.3M	-14.1M	-15.6M	-3.8M	3.8M
Dividends paid	-5.9M	-5.8M	-5.8M	-5.9M	-18.6M	-19.4M	-7M	-6.5M	-6.8M	-7.6M
Share repurchases	-3.9M	-7.5M	-5.9M	-8.4M	-15M	-7.7M	-60.6M	-35.1M	-9.6M	-3M
Financing cash flow	28.7M	-24.3M	-221.2M	-97M	16.4M	72.1M	-323.4M	-74.8M	116.3M	-182.1M
Net change in cash	24.9M	-43.4M	-9M	-28.6M	-16.4M	270.5M	-250M	-113M	-34.4M	10.4M
Free cash flow	-72.6M	-21.7M	159.5M	69.1M	-58.6M	219.5M	48.2M	-35.9M	-113.3M	183.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	13.8M	11.6M	25.7M	10.3M	24.5M	10.7M	30.7M	21.7M	21.7M	73.9M	-20.6M	27.4M
Depreciation & amortization	9.4M	9.9M	9.2M	9.3M	9.4M	9.4M	9.3M	9.5M	9.5M	9.5M	9.4M	9.6M
Stock-based compensation	1.9M	7.3M	1.7M	12.7M	7.3M	23.7M	716K	11.6M	16.6M	3.3M	26.2M	29.4M
Change in working capital	49.3M	31.5M	-33.6M	-170.4M	-98M	-21M	3.4M	12.3M	-108.7M	19M	-43.5M	-130M
Operating cash flow	86.4M	60.7M	10.6M	-133.1M	-44.3M	20M	51.2M	40.1M	63.4M	177M	-190M	-55M
Capital expenditure	-2.7M	-4.6M	-258K	-1.4M	-220K	-3.3M	-1.7M	—	—	—	—	—
Investing cash flow	-1.1M	-2.3M	-258K	-1.4M	1.9M	-1.9M	-359K	227K	1.8M	409K	549K	1M
Dividends paid	-1.6M	-1.5M	-1.6M	-1.5M	-1.9M	-1.9M	-1.9M	-1.9M	-1.9M	-1.9M	-12.4M	-2.1M
Share repurchases	-24M	-3.9M	-8.4M	-925K	-294K	0	-90K	-581K	0	-2.3M	0	0
Financing cash flow	-63.7M	-31.9M	78.1M	122M	-14.3M	-114.9M	95.6M	-38.2M	-63.4M	9.4M	185.6M	59.9M
Net change in cash	21.5M	26.5M	88.5M	-12.6M	-56.8M	-96.8M	146.5M	2M	1.9M	186.8M	-3.8M	5.9M
Free cash flow	63.8M	60.8M	-79.3M	-116.7M	11.2M	71.5M	-93.4M	38.9M	62.2M	175.8M	-190M	-57.1M

Oppenheimer Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement