Earnings per share

3 Months Ended

Mar. 31, 2025

Basic earnings per share is computed by dividing net income over the weighted average number of shares of Class A non-voting common stock ("Class A Stock") and Class B voting common stock ("Class B Stock") outstanding. Diluted earnings per share includes the weighted average number of shares of Class A Stock and Class B Stock outstanding and options to purchase Class A Stock and unvested restricted stock awards of Class A Stock using the treasury stock method.

Earnings per share have been calculated as follows:


(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended March 31,
	2025		2024
Basic weighted average number of shares outstanding	10,465,771		10,407,454
Net dilutive effect of share-based awards, treasury stock method (1)	812,168		594,215
Diluted weighted average number of shares outstanding	11,277,939		11,001,669

Net income attributable to Oppenheimer Holdings Inc.	$	30,655	$	26,054

Earnings per share attributable to Oppenheimer Holdings Inc.
Basic	$	2.93	$	2.50
Diluted	$	2.72	$	2.37

(1) For the three months ended March 31, 2025, the diluted net income per share computation did not include the anti-dilutive effect of 211,250 shares of Class A Stock granted under shared-based compensation arrangements. For the three months ended March 31, 2024, there were no shares of Class A Stock with an anti-dilutive effect granted under share-based compensation arrangements.