Oppenheimer hits record earnings as capital markets activity surges

Oppenheimer Holdings (NYSE:OPY) reported record-breaking fourth-quarter and full-year results for 2025, driven by a dramatic rebound in investment banking and the strength of its wealth management platform.

The New York-based firm capitalized on a favorable capital-raising environment and rising equity markets to deliver its most profitable year to date.

For the quarter ended Dec. 31, 2025, Oppenheimer posted net income of $74.4 million, a nearly sevenfold increase from the $10.7 million reported in the same period last year.

Earnings reached $6.51 per share, while revenue net of interest expense climbed 25.9% to $472.6 million, comfortably beating Street forecasts.

The surge was largely fueled by the Capital Markets division, where investment banking revenue benefited from high equity issuance volumes and M&A activity in the technology and financial sectors.

Simultaneously, the Wealth Management segment saw Assets Under Management (AUM) reach a record $55.2 billion, boosting advisory fee income.

In celebration of the record performance and its strong capital position, Oppenheimer declared a $1 per share special dividend, paid in early January 2026.

For the full year 2025, the company reported a total profit of $148.4 million on $1.64 billion in revenue.