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Companies / Financials / Piper Sandler Companies
PIPR

Piper Sandler Companies

FinancialsBanks & Brokers
Ticker PIPRMINNEAPOLIS, MNFiscal year ends DecemberBook value per share $19.27Diluted shares 71.2M

Piper Sandler Companies (NYSE: PIPR) operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, non-profit organizations, and institutional investors across the United States and internationally. Founded in 1895, the company maintains headquarters in… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.90B
+24.5% year over year
Last 12 mo $2.12B
19.72%
+5.4 percentage points
Last 12 mo 22.91%
$293.96M
+86.7% year over year
Last 12 mo $363.85M
20.92%
+6 percentage points
Last 12 mo 22.39%
Cash & financing
$586.63M
+87.3% year over year
Last 12 mo $506.24M
$586.63M
+87.3% year over year
Last 12 mo $506.24M
0.01
Was 0.01× a year earlier
Last 12 mo 0.01
17.8M
+0.5% year over year
Last 12 mo 71.2M

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) operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, non-profit organizations, and institutional investors across the United States and internationally. Founded in 1895, the company maintains headquarters in Minneapolis, Minnesota with offices throughout the U.S. and international locations in London, Aberdeen, Munich, Paris, Zurich, Abu Dhabi Global Markets, and Hong Kong. The company website is www.pipersandler.com.

The firm operates through a single reportable segment providing comprehensive investment banking services, institutional sales and trading, and research capabilities. Investment banking services include mergers and acquisitions advisory, equity and debt financings, private placements, restructuring services, and private capital advisory across focus sectors including healthcare, financial services, services and industrials, energy, power and infrastructure, consumer, technology, and chemicals. The company emphasizes middle-market clients and maintains particular strength in the healthcare and financial services sectors. Public finance investment banking focuses on state and local governments, non-profit entities, special districts, and project finance with emphasis on transactions under five hundred million dollars in par value.

Equity and fixed income institutional brokerage operations provide advisory and execution services to institutional investors, corporations, and government entities. The firm's fundamental equity research analysts cover approximately eight hundred forty companies, while macro research teams provide analysis of global economic trends and policy developments. Fixed income services include balance sheet management advisory and customized portfolio solutions for banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. The company also manages alternative asset management funds focused on merchant banking and healthcare sectors.

As of December 31, 2025, Piper Sandler employed eighteen hundred fifty-eight full-time employees, with seventeen hundred thirty-five based in the U.S. and one hundred twenty-three in international locations. Approximately fourteen hundred employees held Financial Industry Regulatory Authority registration. The company maintained one hundred eighty-seven corporate investment banking managing directors. The substantial majority of net revenues and long-lived assets are located in the United States.

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 2013–2025 · USD
$-277.03M$375.41M$1.03B$1.68B$2.33B2013201420152016201720182019202020212022202320242025Last 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
47.4%
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
0.37%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?”
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  • “What changed in Piper Sandler Companies's last four quarterly filings that the numbers alone won't show?”
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