Oppenheimer Holdings has concluded its most successful fiscal year in recent memory. The financial services firm not only saw revenues hit unprecedented levels but also managed to more than double its net income compared to the prior year. A remarkably strong final quarter and significant growth in assets under management have established a solid foundation for the current period.
Profitability Soars on Market Momentum
The leap in annual net income to over $148 million is primarily attributed to vigorous activity across capital markets. Throughout the year, the company reaped substantial benefits from increased advisory fees and a buoyant investment banking sector.
Despite elevated expenditures related to personnel and IT infrastructure, profitability improved markedly. The diluted earnings per share climbed to $13.04, a sharp increase from $6.37 in the previous fiscal year. A contributing factor to this robust performance was a reduced effective tax rate, which fell to approximately 30% for the full year.
Key Financial Highlights:
* Annual Revenue: $1.64 billion (a 15% year-over-year increase)
* Net Income: $148.4 million (previous year: $71.6 million)
* Earnings Per Share (EPS): $14.13
* Assets Under Management (AUM): A record $55.2 billion
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Fourth Quarter Provides Powerful Finish
The fourth quarter was particularly instrumental in driving the full-year outcome. The corporate group set a new quarterly record with revenue of $472.6 million. Net profit for this three-month period surged to $74.4 million—a substantial gain compared to the $10.7 million reported in the same quarter of the prior year.
Beyond the strong operational performance in wealth management, which benefited from record commissions in the private client business, the company strengthened its capital position. Shareholders’ equity reached $983.8 million at year-end, equivalent to a book value of $93.81 per share.
Shareholder Returns and Outlook
Management has already begun sharing this success with investors, distributing a special dividend of $1.00 per share in January. The next regular quarterly dividend of $0.18 per share will be paid on February 27 to all shareholders of record as of February 13.
With its record level of assets under management, Oppenheimer has laid the groundwork for stable advisory fee income as it moves into the first quarter of 2026.
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