Canaccord Genuity Group Inc. reported $616.1 million in third-quarter revenue, up 36.5% compared to the same quarter last year, it announced on Friday.
Net income attributable to shareholders for the period, which ended Dec. 31, 2025, was $38.4 million, up from 17.1 million in the year-earlier quarter.
Diluted earnings per share were $0.36, up from $0.17 in the same period last year.
“Results for our third fiscal quarter reflected strong tailwinds for investment banking activity, particularly in Australia, where metals and mining markets were active amid record gold prices,” said Dan Daviau, chairman and CEO, in a release. “This environment also contributed to higher transaction-based revenue in the company’s Canadian and Australian wealth management operations, supporting additional growth in client assets.”
Canaccord’s global wealth management segment recorded revenue of $304.3 million for the quarter, up 30.4% from the same period a year earlier. This was mainly driven by higher commission and fee revenue and good performance from the Australian business.
In North America, Canaccord posted $124 million in revenue from wealth management, a 28.7% increase primarily driven by higher commissions and fees and banking revenue.
Third-quarter advisory revenue fell 8.7% year-over-year, however, to $65 million. The U.S. business remained the largest contributor, accounting for 66.8% of total advisory fees revenue. This increase was offset by reduced advisory fees in Canadian and European operations.
During the quarter, Canaccord issued a statement about the potential sale of its U.K. wealth management business, following media reports. In the latest quarterly release it said it “continues to assess options for this business…” but that “there can be no assurance that any discussions will result in a transaction…”
As of Dec. 31, 2025, Canaccord had $144.8 billion in assets under administration and management, up $29.8 billion compared to the same time in 2024.