Oppenheimer Holdings Reports 12.9% Revenue Growth to $373.2 Million in Q2 2025

Oppenheimer Holdings Inc. reported a significant increase in financial performance for the second quarter of 2025, with total revenue reaching $373.2 million, a 12.9% rise from $330.6 million in the same period last year. The company’s net income also saw a substantial increase, climbing to $21.7 million, or $2.06 per share, compared to $10.3 million, or $0.99 per share, in the prior year. For the first half of 2025, total revenue was $741.0 million, up 8.4% from $683.7 million in the first half of 2024, while net income for the period was $52.3 million, compared to $36.0 million a year earlier.

The increase in revenue was primarily driven by a notable rise in investment banking activities, which benefited from higher underwriting volumes and larger advisory mandates. Commissions from sales and trading also contributed positively, reflecting increased retail trading activity. However, bank deposit sweep income decreased due to lower cash sweep balances as clients sought higher returns elsewhere. The company’s assets under management (AUM) reached a record $52.8 billion, up 11.2% from $47.5 billion a year ago, while assets under administration (AUA) increased to $138.4 billion, a 9.8% rise.

Operationally, Oppenheimer Holdings employed 3,071 individuals as of June 30, 2025, including 927 financial advisors. The company continues to focus on expanding its wealth management business by attracting experienced financial advisors and enhancing its asset management capabilities. The firm operates 88 retail branch offices across 25 states and has a presence in international markets, including Puerto Rico, Israel, Hong Kong, and the UK.

In terms of strategic developments, Oppenheimer has been actively pursuing growth through targeted acquisitions and partnerships, particularly in the capital markets sector. The company is also investing in technology to enhance client services and improve operational efficiency. As part of its ongoing strategy, Oppenheimer is reviewing its physical office footprint in light of changing employee work habits post-pandemic, which may lead to adjustments in lease agreements.

Looking ahead, Oppenheimer Holdings remains optimistic about its growth prospects, particularly in the wealth management and capital markets segments. The company is committed to maintaining a strong balance sheet and has reported total stockholders' equity reaching a new high of $896.9 million as of June 30, 2025. The firm plans to continue investing in its technology platform and expanding its service offerings while managing expenses effectively.