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Companies / Financials / Piper Sandler Companies
PIPR

Piper Sandler Companies

FinancialsBanks & Brokers
Ticker PIPRMINNEAPOLIS, MNFiscal year ends DecemberBook value per share $19.46Diluted shares 71.0M

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm serving corporations, private equity groups, public and nonprofit entities, and institutional investors in the United States and internationally. Its services include financial advisory, equity and debt financing, public… From the company’s description.

Over the twelve months to Sep 30, 2026, Piper Sandler Companies reported revenue of $2.08B, up 21.1% from a year earlier, and net income of $321.53M. Its pre-tax margin was 21.3%. In fiscal 2025, it reported revenue of $1.90B, up 24.5% from fiscal 2024, and net income of $293.96M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.90BFY2025
+24.5% year over year
Last 12 mo $2.08B
19.72%FY2025
+5.4 percentage points
Last 12 mo 21.34%
$293.96MFY2025
+86.7% year over year
Last 12 mo $321.53M
20.87%FY2025
+6 percentage points
Last 12 mo 21.88%
Cash & financing
$586.63MFY2025
+87.3% year over year
Last 12 mo $824.26M
$586.63MFY2025
+87.3% year over year
Last 12 mo $824.26M
0.01FY2025
Was 0.01× a year earlier
Last 12 mo 0.01
17.8MFY2025
+0.5% year over year
Last 12 mo 71.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Piper Sandler Companies does

In the company’s own words

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm serving corporations, private equity groups, public and nonprofit entities, and institutional investors in the United States and internationally. Its services include financial advisory, equity and debt financing, public finance, institutional brokerage, fundamental equity and macro research, fixed-income services, and alternative asset management. The company operates as one reportable segment, combining investment banking, institutional sales and trading across equity and fixed-income products, and research. Its investment banking work includes mergers and acquisitions, capital raising, restructuring, private capital advisory, municipal underwriting and financial advice; institutional brokerage provides advisory and trade execution services, while its funds invest firm capital and manage outside investors’ capital. The company focuses corporate investment banking on healthcare, financial services, services and industrials, energy, power and infrastructure, consumer, technology, and chemicals, primarily for middle-market clients. Founded in 1895, Piper Sandler had 1,858 full-time employees as of December 31, 2025. Its website is http://www.pipersandler.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
MINNEAPOLIS, MN
Fiscal year end
December
CIK
1230245
SIC
6211

Financial performance, year by year

Fiscal 2011–2025 · USD
$-318.51M$335.36M$989.23M$1.64B$2.30B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Piper Sandler Companies — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

383
funds hold it
0 of 35
superinvestors hold it
$2.55B
held by funds, at market
47.7%
of shares held by funds

Largest fund holders · Piper Sandler Companies’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.26%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.16%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Piper Sandler Companies and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Piper Sandler Companies's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Piper Sandler Companies's last four quarterly filings that the numbers alone won't show?”
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