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Oppenheimer Holdings Reports Record Earnings for Q4 and Full Year 2025

Oppenheimer Holdings Inc. has recently disclosed its earnings for the fourth quarter and total year of 2025, highlighting a remarkable performance that sets new records for the firm. The numbers illustrate not only profitability but also substantial growth across various operational segments of the business.

In the fourth quarter of 2025, Oppenheimer recorded a net income of $74.4 million or $7.08 per share, a significant increase compared to the $10.7 million or $1.04 per share reported for the same quarter in 2024. This represents an impressive growth rate of 593.1% year-over-year. Revenue for this quarter rose to $472.6 million, up from $375.4 million in Q4 2024, marking a 25.9% increase.

Looking at the full year, Oppenheimer’s financials continued to shine. The company reported a net income of $148.4 million or $14.13 per share for 2025, a 107.4% increase from $71.6 million or $6.91 per share in the previous year. Total revenue reached $1.6 billion, a growth of 14.4% compared to $1.4 billion in 2024.

Robert S. Lowenthal, the President and CEO of Oppenheimer, expressed his satisfaction with these results, emphasizing the robust operational performance across all core areas of the business. Areas such as Wealth Management exhibited a strong uptick in client trading activity, boosted by increasing asset values, which in turn elevated fees.

Factors that contributed to this positive trajectory include favorable macroeconomic conditions, a rising equity market, and ongoing investments in artificial intelligence platforms that invigorated the investment landscape. Rising interest in AI has notably played a crucial role in strengthening equity markets, giving a substantial lift to Oppenheimer’s operations.

The Wealth Management division reported remarkable growth, reflecting record high levels in both advisory fees and retail commissions which were bolstered by a rise in assets under management (AUM). Total AUM reached new heights at $55.2 billion, significantly attributed to favorable market conditions that enhanced asset valuations.

On the other hand, Oppenheimer's Capital Markets sector also showed a robust performance with Q4 revenues climbing to $182.9 million, an impressive 53.3% increase from the same quarter a year earlier. A notable surge in investment banking activities spurred this growth, with higher fees linked to mergers and acquisitions (M&A) as well as robust underwriting activity.

In addition to these strong performances, Oppenheimer has prioritized shareholder returns. The company declared a special dividend of $1.00 per share, payable in early January 2026, indicative of its commitment to returning value to shareholders. The firm also repurchased 46,292 shares during the year at an average price of $64.36, further demonstrating financial prudence and strategic capital deployment.

As Oppenheimer transitions into 2026, the outlook remains cautiously optimistic. The firm is poised to capitalize on ongoing market opportunities while navigating any evolving challenges. With several strategic investments in play and a commitment to client outcomes, Oppenheimer Holdings Inc. underlines its capability to sustain growth and generate shareholder value even as the investment landscape evolves rapidly.

In summary, the earnings report from Oppenheimer Holdings Inc. reveals a company in robust health, positioning itself for continued success amid a fluctuating investment environment. Their commitment to delivering exceptional client service and operational excellence promises to sustain momentum into the coming years.