Oppenheimer Holdings' Q1 revenue and adjusted EPS rise

ReutersMay 1, 2026 12:09 PM

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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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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