Canaccord Genuity reports $448 million in Q1 revenue

Canaccord Genuity Group Inc. pulled in $448.4 million in revenue in its first quarter of fiscal year 2026 — a 4.5% increase relative to Q1 2025.

“We delivered a solid top-line performance for our first fiscal quarter, led by record contributions from our wealth management division,” said Dan Daviau, Canaccord’s chairman & CEO in a release. “Elevated trading volumes and a notable improvement in corporate financing activity helped offset a significant decline in advisory completions, which were affected by trade and policy uncertainty impacting smaller-cap companies in our core sectors.”

The firm reported first quarter net income before taxes of $33.4 million, down $1.4 million year over year.

Its wealth management business delivered $242.9 million in Q1 revenue — up 12.5% over the first quarter of 2025. The division contributed $40.8 million in net income before taxes — up 22.7% year over year.

Revenue from global capital markets fell 2.7% to $200.1 million. Q1 net income before taxes was $5.5 million.

Diluted earnings per common share for the first fiscal quarter was steady relative to one year ago, at 13 cents per share. Cannacord announced a first-quarter common share dividend of 8.5 cents per.

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