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Oppenheimer Holdings OPY State income taxes – net of federal income tax benefit

State income taxes – net of federal income tax benefit at other companies

Morgan Stanley logo
Morgan StanleyMS
2%-0.1pp
Equitable Holdings logo
Equitable HoldingsEQH
6%+4.8pp
StepStone Group Inc. logo
StepStone Group Inc.STEP
1.5%+0.9pp

Other financials

Income statement

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Revenue$445.1M+21.0%
Operating income-$27.0M-165%
Net income-$20.6M-167%
EPS (diluted)-$1.93-171%

Balance sheet

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Cash & equivalents$34.6M-5.7%
Total debt$147.5M-14.0%
Total equity$952.4M+9.2%
Total assets$3.8B+6.8%

Cash flow

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Operating cash flow-$190.0M-107%
CapEx--100%
Free cash flow-$190.0M-103%

Valuation

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Market cap$1.12B+69.7%
Enterprise value$1.24B+55.1%
P/E11.6×+2.9×
P/S0.7×+0.2×

Profitability

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Operating margin8.3%+0.7pp
Net margin5.7%+0.4pp
FCF margin5.1%

Returns & leverage

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Return on equity10.7%+1.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Oppenheimer Holdings in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes.

The official record: Oppenheimer Holdings’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oppenheimer Holdings's state income taxes – net of federal income tax benefit?
Oppenheimer Holdings (OPY) reported state income taxes – net of federal income tax benefit of 5.8% in Q4 2025.
How has Oppenheimer Holdings's state income taxes – net of federal income tax benefit changed year-over-year?
Oppenheimer Holdings's state income taxes – net of federal income tax benefit decreased by 12.1% year-over-year, from 6.6% to 5.8%.
What does state income taxes – net of federal income tax benefit mean?
The net impact of state and local income taxes on the company's effective tax rate, adjusted for the federal tax deduction benefit. It reflects the incremental tax cost of state-level operations after accounting for federal tax offsets.