Oppenheimer posted 2Q 2026 net income of $27.35 million, up 26.2%, with diluted EPS of $2.38.
Revenue rose 21.9% to $454.88 million, while compensation expense climbed 28.5% to $307.14 million.
Adjusted net income (non-GAAP) increased 64.6% to $45.71 million, reflecting a $24.9 million pre-tax stock appreciation rights charge tied to share gains.
Business segment performance
Wealth Management revenue increased 10.7% to $272.67 million as AUM hit a record $59.4 billion; pre-tax income fell 11.4% to $55.65 million.
Capital Markets revenue rose 45.7% to $179.16 million, swinging to pre-tax income of $22.54 million on stronger investment banking and higher sales and trading.
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