Filing Flows › Oppenheimer Holdings (OPY) › Q2 2026 › vs Q2 2025
Oppenheimer Holdings (OPY) Q2 2026 vs Q2 2025 (year over year)
Oppenheimer Holdings's revenue rose $81.7M (+22%) from $373M in Q2 2025 to $455M in Q2 2026. The biggest changes: Investment banking - advisory +$35.6M (+159%); Advisory Fees +$19.9M (+16%); Commissions from sales and trading +$16.6M (+16%). Operating margin 8.7% against 8.6% (+0.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.7% | 8.6% | +0.0 pts |
| Net margin | 6.0% | 5.8% | +0.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Advisory Fees | $146M | $126M | $19.9M | +16% |
| Commissions from sales and trading | $119M | $102M | $16.6M | +16% |
| Investment banking - advisory | $58.1M | $22.5M | $35.6M | +159% |
| Investment Banking, Capital Markets | $26.2M | $21.0M | $5.1M | +24% |
| Bank Deposit Sweep Income | $25.0M | $28.7M | −$3.7M | -13% |
| Mutual fund and insurance income | $8.5M | $7.6M | $919K | +12% |
| Other | $7.0M | $5.6M | $1.4M | +25% |
| Other revenues | $65.5M | $59.8M | $5.7M | +10% |
| Revenue | $455M | $373M | $81.7M | +22% |
| Operating profit | $39.4M | $32.2M | $7.2M | +22% |
| Costs & expenses | $415M | $341M | $74.5M | +22% |
| Pre-tax earnings | $39.4M | $32.2M | $7.2M | +22% |
| Net earnings | $27.4M | $21.7M | $5.7M | +26% |
| Income tax | $12.1M | $10.5M | $1.6M | +15% |
| Operating cash sources | $112M | −$6.8M | $119M | — |
| Share-based compensation | $29.4M | $11.6M | $17.8M | +154% |
| Cash used in operations | $55.0M | −$40.1M | $95.1M | — |
| Working capital & other | $112M | −$6.8M | $119M | — |
Questions
How much did Oppenheimer Holdings's revenue grow year over year in Q2 2026?
Oppenheimer Holdings's revenue rose $81.7M (+22%) from $373M in Q2 2025 to $455M in Q2 2026.
What drove Oppenheimer Holdings's revenue change in Q2 2026?
Investment banking - advisory +$35.6M (+159%); Advisory Fees +$19.9M (+16%); Commissions from sales and trading +$16.6M (+16%).