CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Revenue | ||||||
| Commissions | $ 127,538 | $ 110,025 | $ 255,879 | $ 220,903 | ||
| Advisory fees | 145,565 | 125,628 | 287,283 | 254,431 | ||
| Investment banking | 84,332 | 43,533 | 182,052 | 91,156 | ||
| Bank deposit sweep income | 24,955 | 28,654 | 51,073 | 58,729 | ||
| Interest | 39,293 | 38,017 | 76,824 | 74,386 | ||
| Principal transactions, net | 16,239 | 14,532 | 27,026 | 23,507 | ||
| Other | 16,954 | 12,789 | 19,834 | 17,891 | ||
| Total revenue | 454,876 | 373,178 | 899,971 | 741,003 | ||
| Expenses | ||||||
| Compensation and related expenses | 307,141 | 239,074 | 603,142 | 466,165 | ||
| Communications and technology | 27,836 | 26,204 | 54,402 | 52,386 | ||
| Occupancy and equipment costs | 15,507 | 15,578 | 31,282 | 31,587 | ||
| Clearing and exchange fees | 7,969 | 7,041 | 14,330 | 14,793 | ||
| Interest | 19,882 | 22,529 | 38,568 | 43,925 | ||
| Other (1) | [1] | 37,096 | 30,542 | 145,803 | 58,561 | |
| Total expenses | 415,431 | 340,968 | 887,527 | 667,417 | ||
| Pre-tax income | 39,445 | 32,210 | 12,444 | 73,586 | ||
| Income tax provision | 12,094 | 10,536 | 5,662 | 21,257 | ||
| Net income | 27,351 | 21,674 | 6,782 | 52,329 | ||
| Net income attributable to noncontrolling interest, net of tax | 0 | 0 | 9 | 0 | ||
| Net income attributable to Oppenheimer Holdings Inc. | $ 27,351 | $ 21,674 | $ 6,773 | $ 52,329 | ||
| Earnings per share attributable to Oppenheimer Holdings Inc. | ||||||
| Basic (in dollars per share) | $ 2.55 | $ 2.06 | $ 0.63 | $ 4.99 | ||
| Diluted (in dollars per share) | $ 2.38 | $ 1.91 | $ 0.60 | $ 4.63 | ||
| Weighted average shares outstanding | ||||||
| Basic (in shares) | 10,708,005 | 10,520,219 | 10,675,637 | 10,493,145 | ||
| Diluted (in shares) | 11,483,286 | 11,349,049 | 11,380,760 | 11,308,979 | ||
| Period end shares outstanding (in shares) | 10,708,005 | 10,517,924 | 10,708,005 | 10,517,924 | ||
| ||||||
| X | ||||||||||
- Definition Investment Advisory Fee Revenue No definition available.
|
| X | ||||||||||
- Definition Sweep Interest Income From FDIC-Insured Bank Deposits No definition available.
|
| X | ||||||||||
- Definition Amount of commission revenue from buying and selling securities on behalf of customers. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|