Asset Management was Oppenheimer Holdings’s largest segment in fiscal 2025, bringing in $1.04B of $1.64B (63%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wealth Management | $774.92M | $890.19M | — | — | |||||||||||
| Private Client | — | — | — | — | |||||||||||
| Private Client Division | — | — | — | — | |||||||||||
| Capital Markets | $337.82M | $345.90M | $447.58M | $591.32M | |||||||||||
| Asset Management | — | — | $972.05M | $1.04B | |||||||||||
| Commercial Mortgage Banking | — | — | — | — | |||||||||||
| Corporate/Other | -$1.80M | $12.74M | $12.87M | $11.35M | |||||||||||
| Total | $1.11B | $1.25B | $1.43B | $1.64B |
Oppenheimer Holdings brought in $1.64B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 14.4% from $1.43B in fiscal 2024. Asset Management was the largest at $1.04B (63.2%), ahead of Capital Markets at $591.32M (36.1%) and Corporate/Other at $11.35M (0.7%).
Compared with fiscal 2024, Capital Markets grew 32.1% to $591.32M and Asset Management grew 6.5% to $1.04B.
Oppenheimer Holdings stopped reporting Wealth Management as a separate segment after fiscal 2023, when it brought in $890.19M.
Americas was Oppenheimer Holdings’s largest region in fiscal 2025, bringing in $1.57B of $1.64B (96%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $1.06B | $1.20B | $1.38B | $1.57B | ||||||||||||
| United States | — | — | — | — | ||||||||||||
| Europe/Middle East | $47.08M | $46.49M | $52.51M | $63.15M | ||||||||||||
| Europe / Middle East | — | — | — | — | ||||||||||||
| South America | — | — | — | — | ||||||||||||
| Asia | $5.67M | $2.78M | $3.73M | $2.59M | ||||||||||||
| Total | $1.11B | $1.25B | $1.43B | $1.64B |
Oppenheimer Holdings brought in $1.64B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 14.4% from $1.43B in fiscal 2024. Americas was the largest at $1.57B (96.0%), ahead of Europe/Middle East at $63.15M (3.9%) and Asia at $2.59M (0.2%).
Compared with fiscal 2024, Europe/Middle East grew 20.3% to $63.15M and Americas grew 14.2% to $1.57B. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.11B to $1.64B, a compound annual growth rate of 13.8%. Americas' share of the total rose from 95.3% to 96.0%.
Non-Guarantor Subsidiaries was Oppenheimer Holdings’s largest revenue line in fiscal 2017, bringing in $925.72M of $937.46M (99%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Non-Guarantor Subsidiaries | $900.21M | $860.56M | $925.72M |
| Guarantor Subsidiaries | $11.90M | $12.16M | $11.72M |
| Parent | — | — | $22.00K |
| Total | $912.11M | $872.72M | $937.46M |
Oppenheimer Holdings brought in $937.46M from its three revenue lines in fiscal 2017, the year ended December 31, 2017. Oppenheimer Holdings regrouped these revenue lines after fiscal 2016, so the total does not compare directly with that year's $872.72M. Non-Guarantor Subsidiaries was the largest at $925.72M (98.7%), ahead of Guarantor Subsidiaries at $11.72M (1.3%) and Parent at $22.00K (0.0%).
Oppenheimer Holdings began breaking out Parent in fiscal 2017, when it brought in $22.00K.
Oppenheimer Holdings (OPY) reports its revenue by segment, by geography and by consolidated entities. In fiscal 2025, Asset Management was its largest segment, bringing in $1.04B (63.2% of the total), followed by Capital Markets at $591.32M (36.1%).
Asset Management was Oppenheimer Holdings' largest segment in fiscal 2025, bringing in $1.04B, or 63.2% of the $1.64B total across its three segments.
Americas was Oppenheimer Holdings' largest region in fiscal 2025, bringing in $1.57B, or 96.0% of the $1.64B total across its three regions.
Non-Guarantor Subsidiaries was Oppenheimer Holdings' largest revenue line in fiscal 2017, bringing in $925.72M, or 98.7% of the $937.46M total across its three revenue lines.
Capital Markets grew faster than Asset Management in fiscal 2025, up 32.1% from $447.58M to $591.32M. Asset Management grew 6.5% to $1.04B.
Every figure comes from Oppenheimer Holdings' annual financial filings, as reported. Each line keeps the name Oppenheimer Holdings gives it, and years follow its fiscal calendar.
Oppenheimer Holdings' revenue by segment goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.