---
schema_version: "secwatch.filing_event.v1"
accession: "0000791963-22-000067"
form_type: "8-K"
ticker: "OPY"
cik: "0000791963"
company_name: "OPPENHEIMER HOLDINGS INC"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T23:02:13.229818+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oppenheimer Q3 net income drops 83% to $4.5M, EPS $0.40, on adverse arbitration and market headwinds

## Summary
- Revenue $294.1M, down 6.7% YoY; net income $4.5M vs $26.3M; EPS $0.40 vs $2.07.
- Adverse arbitration decision in September drove non-comp expense up; decision has been appealed.
- Private Client revenue up 11% to $178.6M on $35.8M bank deposit sweep income (up 815% YoY); pre-tax income $30M.
- Capital Markets revenue fell 29.3% to $90.9M; advisory fees down 43.5%, equity underwriting down 80.8%.
- Company repurchased 413,052 shares at avg $33.86; declared $0.15/sh dividend payable Nov 25 to holders of record Nov 11.

## SEC filing metadata
- accession: 0000791963-22-000067
- form_type: 8-K
- ticker: OPY
- cik: 0000791963
- company_name: OPPENHEIMER HOLDINGS INC
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791963/000079196322000067/0000791963-22-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791963/000079196322000067/opy-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000791963-22-000067
- JSON: https://secwatch.observer/filing/0000791963-22-000067.json
- Plain text: https://secwatch.observer/filing/0000791963-22-000067.txt

## Key facts
- Earnings Releases
  OPPENHEIMER HOLDINGS INC reported the third quarter of 2022 results: revenue $294.1 million, net income $4.5 million, EPS $0.40 basic earnings per share.
  - Period: the third quarter of 2022
  - Revenue: $294.1 million
  - Net income: $4.5 million
  - EPS: $0.40 basic earnings per share
  - Result: reported results
  source text: Oppenheimer Holdings Inc. Reports Third Quarter 2022 Earnings New York, October 28, 2022 – Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $4.5 million or $0.40 basic earnings per share for the third quarter of 2022, compared with net income of $26.3 million or $2.07 basic earnings per share for the third quarter of 2021. Revenue for the third quarter of 2022 was $294.1 million, a decrease of 6.7%, compared to revenue of $315.3 million for the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/791963/000079196322000067/0000791963-22-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.