Filing Flows › Oppenheimer Holdings (OPY) › Q2 2026 › vs Q1 2026
Oppenheimer Holdings (OPY) Q2 2026 vs Q1 2026 (quarter over quarter)
Oppenheimer Holdings's revenue rose $9.8M (+2%) from $445M in Q1 2026 to $455M in Q2 2026. The biggest changes: Other revenues +$19.8M (+43%); Investment Banking, Capital Markets −$8.3M (-24%); Investment banking - advisory −$5.1M (-8%). Operating margin 8.7% against -6.1% (+14.7 pts).
Oppenheimer Holdings, Q2 2026: revenue $455M (+22% year over year), operating margin 8.7%, net earnings $27.4M, operating cash flow −$55.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 8.7% | -6.1% | +14.7 pts |
| Net margin | 6.0% | -4.6% | +10.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Advisory Fees | $146M | $142M | $3.8M | +3% |
| Commissions from sales and trading | $119M | $120M | −$495K | -0.4% |
| Investment banking - advisory | $58.1M | $63.3M | −$5.1M | -8% |
| Investment Banking, Capital Markets | $26.2M | $34.5M | −$8.3M | -24% |
| Bank Deposit Sweep Income | $25.0M | $26.1M | −$1.2M | -4% |
| Mutual fund and insurance income | $8.5M | $8.8M | −$308K | -3% |
| Other | $7.0M | $5.5M | $1.5M | +27% |
| Other revenues | $65.5M | $45.7M | $19.8M | +43% |
| Revenue | $455M | $445M | $9.8M | +2% |
| Operating profit | $39.4M | −$27.0M | $66.4M | — |
| Costs & expenses | $415M | $472M | −$56.7M | -12% |
| Pre-tax earnings | $39.4M | −$27.0M | $66.4M | — |
| Net earnings | $27.4M | −$20.6M | $47.9M | — |
| Income tax | $12.1M | −$6.4M | $18.5M | — |
| Operating cash sources | $112M | $196M | −$83.8M | -43% |
| Share-based compensation | $29.4M | $26.2M | $3.2M | +12% |
| Cash used in operations | $55.0M | $190M | −$135M | -71% |
| Working capital & other | $112M | $196M | −$83.8M | -43% |
Questions
How much did Oppenheimer Holdings's revenue grow quarter over quarter in Q2 2026?
Oppenheimer Holdings's revenue rose $9.8M (+2%) from $445M in Q1 2026 to $455M in Q2 2026.
What drove Oppenheimer Holdings's revenue change in Q2 2026?
Other revenues +$19.8M (+43%); Investment Banking, Capital Markets −$8.3M (-24%); Investment banking - advisory −$5.1M (-8%).