Basic earnings per share is computed by dividing net income or loss over the weighted average number of shares of Class A non-voting common stock ("Class A Stock") and Class B voting common stock ("Class B Stock") outstanding. Diluted earnings per share includes the weighted average number of shares of Class A Stock and Class B Stock outstanding and unvested restricted stock awards of Class A Stock using the treasury stock method.


(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Basic weighted average number of shares outstanding	10,708,005		10,520,219		10,675,637		10,493,145
Net dilutive effect of share-based awards, treasury stock method (1)	775,281		828,830		705,123		815,834
Diluted weighted average number of shares outstanding	11,483,286		11,349,049		11,380,760		11,308,979

Net income attributable to Oppenheimer Holdings Inc.	$	27,351	$	21,674	$	6,773	$	52,329

Earnings per share attributable to Oppenheimer Holdings Inc.
Basic	2.55		2.06		$	0.63	4.99
Diluted	2.38		1.91		$	0.60	4.63

(1) For the three and six months ended June 30, 2026, there were no shares of Class A Stock with anti-dilutive effect under share-based compensation arrangements but not yet issued or vested. For the three months ended June 30, 2025, the diluted net income per share computation did not include the anti-dilutive effect of 199,850 shares of Class A Stock granted under share-based compensation arrangements but not yet issued or vested. For the six months ended June 30, 2025, the diluted net income per share computation did not include the anti-dilutive effect of 202,475 shares of Class A Stock granted under share-based compensation arrangements but not yet issued or vested.