---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-029115"
form_type: "8-K"
ticker: "OPY"
cik: "0000791963"
company_name: "OPPENHEIMER HOLDINGS INC"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:27:44.380590+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oppenheimer reports Q1 net loss of $20.6M on $70M legal charge; adjusted EPS $4.46

## Summary
- Net loss of $20.6M ($1.93/sh) vs net income $30.7M ($2.93/sh) in Q1 2025.
- Revenue $445.1M (+21% YoY) driven by investment banking up 142.7% and advisory fees up 10%.
- Adjusted net income $47.5M ($4.46 adj EPS) excluding $70M cash sweep settlement and $22.3M stock appreciation rights.
- Dividend increased 11.1% to $0.20/share payable May 29, 2026.
- Wealth Management pre-tax income fell 35.8% to $43.6M; Capital Markets swung to $35.4M profit from loss.

## SEC filing metadata
- accession: 0001628280-26-029115
- form_type: 8-K
- ticker: OPY
- cik: 0000791963
- company_name: OPPENHEIMER HOLDINGS INC
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791963/000162828026029115/0001628280-26-029115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791963/000162828026029115/opy-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-029115
- JSON: https://secwatch.observer/filing/0001628280-26-029115.json
- Plain text: https://secwatch.observer/filing/0001628280-26-029115.txt

## Key facts
- Earnings Releases
  OPPENHEIMER HOLDINGS INC reported first quarter 2026 results: revenue $445,095, net income $(20,578), EPS $(1.93).
  - Period: first quarter 2026
  - Revenue: $445,095
  - Net income: $(20,578)
  - EPS: $(1.93)
  - Result: reported results
  source text: as they continue to navigate uncertain markets." 1 Summary Operating Results (Unaudited) ('000s, except per share amounts or otherwise indicated) Firm 1Q-26 1Q-25 Revenue $ 445,095 $ 367,825 Compensation Expenses $ 296,001 $ 227,091 Non-compensation Expenses $ 176,095 $ 99,358 Pre-tax (Loss) Income $ (27,001) $ 41,376 Income Tax (Benefit) Provision $ (6,432)
  evidence_url: https://www.sec.gov/Archives/edgar/data/791963/000162828026029115/0001628280-26-029115-index.htm

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