Filing Flows › Oppenheimer Holdings (OPY) › Q1 2026
Oppenheimer Holdings (OPY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Oppenheimer Holdings (OPY) reported revenue of $445M for the first quarter 2026 (Q1 2026), +21% from a year earlier and -6% from the quarter before. Operating margin was -6.1%, net loss $20.6M (4.6% of revenue).
Oppenheimer Holdings, Q1 2026: revenue $445M (+21% year over year), operating margin -6.1%, net loss $20.6M, operating cash flow −$190M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $445M | -6% | +21% |
| Operating profit | −$27.0M | -125% | -165% |
| Net earnings | −$20.6M | -128% | -167% |
| Operating cash flow | −$190M | -207% | — |
What changed
Revenue was $445.1M in Q1 2026, up 21% year over year and down 6% from the previous quarter. Advisory Fees was the largest line at 32% of revenue. Investment banking - advisory added $37.3M year over year (up 144%), 48% of the total change. Other declined 19%.
Operating costs exceeded revenue by $27.0M, an operating margin of -6.1%. Total costs grew 45% against revenue growth of 21%. The quarter ended with a net loss of $20.6M, after a profit of $73.9M the previous quarter.
Operating cash flow was −$190.0M. Non-cash charges added back $26.2M of share-based compensation. Working capital and other items used $195.7M.
Questions
What was Oppenheimer Holdings' revenue in the first quarter 2026?
Oppenheimer Holdings (OPY) reported revenue of $445M for the first quarter 2026 (Q1 2026), +21% from a year earlier and -6% from the quarter before.
Was Oppenheimer Holdings profitable in the first quarter 2026?
Operating loss was $27.0M (-6.1% of revenue) and net loss $20.6M.