OPY Q2 2026 earnings show record AUM but higher stock-comp due to pay plan
Jul 31, 2026, 8:11 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Record AUM at $59.4B and higher revenue, especially in Wealth Mgmt and Capital Markets, support ongoing fee revenue and potential multiple expansion. The near-term GAAP headwind from stock-based compensation and a legal accrual is offset by strong adjusted metrics and a dividend; investors may reassess valuation on non-GAAP strength rather than GAAP limits.
AI summary
What happened, with direct paths to the underlying reporting
OPY posted 2Q-26 net income of $27.4M on $454.9M revenue, up 21.9% y/y. Adjusted EPS was $4.27; record AUM of $59.4B supports advisory revenue growth, offset by stock-comp expense and a $70M legal accrual. The catalyst is momentum in Wealth Mgmt and Capital Markets, with a $0.20 dividend adding near-term income.
2Q-26 net income $27.4M, EPS $2.55; revenue $454.9M, up 21.9% y/y.
$24.9M pre-tax compensation expense tied to OPY stock price weighed results in 2Q-26.
AUM reached a record $59.4B as of 6/30/2026, supports advisory revenue growth.
Board declared quarterly dividend of $0.20 per share, payable Aug 28, 2026.
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