Piper Sandler Companies (PIPR)
Piper Sandler Companies brought in $2.1B of revenue over the twelve months to September 30, 2026, up 19.6% from a year earlier. Net income was $302.5M, a net margin of 14.5%. At September 30, 2026 it held $580.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Piper Sandler Companies
- Net worth
- Piper Sandler Companies has a market value (market cap) of $4.7B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.9B (+24.3% year on year), with net income of $281.3M. Over the 12 months to September 30, 2026: revenue $2.1B, net income $302.5M.
- Cash flow
- In fiscal 2025 operations brought in $586.6M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Piper Sandler Companies's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Piper Sandler Companies declared dividends of $5.70 per share in fiscal 2025, a yield of 8.51% at the current price.
What Piper Sandler Companies does
Piper Sandler Companies is registered with the SEC under industry code SIC 6211 (Security Brokers, Dealers & Flotation Companies). Its shares trade on NYSE under the ticker PIPR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.9B | $281.3M | $15.82 | n/a |
| 2024 | $1.5B | $181.1M | $10.24 | n/a |
| 2023 | $1.4B | $85.5M | $4.96 | n/a |
| 2022 | $1.4B | $110.7M | $6.52 | n/a |
| 2021 | $2B | $278.5M | $16.43 | n/a |
| 2020 | $1.3B | $40.5M | $2.72 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PIPR ranks in Finance
Dividends
Piper Sandler Companies declared $5.70 per share in fiscal 2025. At the current price that is a yield of 8.51%. It paid out $114.1M in cash dividends, 41% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $5.70 | $114.1M | 41% |
| 2024 | $3.50 | $73.7M | 41% |
| 2023 | $3.65 | $84.4M | 99% |
| 2022 | $6.90 | $107.5M | 97% |
| 2021 | $6.80 | $99.4M | 36% |
| 2020 | $2.00 | $28.2M | 70% |
Latest SEC filings
What Piper Sandler Companies has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 7.1% to $446M versus the same quarter last year; diluted EPS $0.78 versus $0.84.
- October 30, 2026
- September 22, 2026Executive or director change8-KPiper Sandler Companies elected Wendy L. Schoppert to its board of directors.
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 25% to $496.3M versus the same quarter last year; diluted EPS $0.95 versus $0.58.
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026
- May 21, 2026
- May 21, 2026
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 26% to $475.1M versus the same quarter last year; diluted EPS $0.92 versus $0.90.
- May 1, 2026
Insider trades
What the people running Piper Sandler Companies did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $2.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Schoneman Debbra L.President | Exercised options | 39,708 | $982.8K |
| November 2, 2026 | Schoneman Debbra L.President | Sold | 39,708 | $2.7M |
| September 30, 2026 | Soran PhilipDirector | Received as pay | 383 | - |
| September 30, 2026 | Sterling Brian RDirector | Received as pay | 383 | - |
| September 30, 2026 | Gallo Ann CDirector | Received as pay | 383 | - |
| September 22, 2026 | Schoppert Wendy LeeDirector | Received as pay | 1,396 | - |
| September 11, 2026 | Holt Victoria MDirector | Received as pay | 79 | - |
| September 11, 2026 | Soran PhilipDirector | Received as pay | 214 | - |
Who owns PIPR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 7.28% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.03% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 421 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 11,048,611 | +619,664 |
| Vanguard Portfolio Management LLC | 5,186,683 | +53,150 |
| Invesco Ltd. | 3,141,984 | +532,679 |
| Vanguard Capital Management LLC | 3,038,326 | +15,640 |
| State Street Corp | 2,919,922 | +133,861 |
| Geode Capital Management, LLC | 1,741,263 | +109,798 |
| Goldman Sachs Group Inc | 1,616,193 | +148,698 |
| Dimensional Fund Advisors LP | 1,424,002 | +48,437 |
| North Reef Capital Management LP | 1,350,000 | +385,368 |
| Westwood Holdings Group Inc | 1,237,090 | +125,428 |
| Stephens Investment Management Group LLC | 1,148,867 | +28,979 |
| Alliancebernstein L.P. | 1,083,098 | -55,038 |
| Fisher Asset Management, LLC | 1,061,539 | -16,449 |
| American Century Companies Inc | 934,379 | +192,436 |
| Norges Bank | 889,117 | new |
| Charles Schwab Investment Management Inc | 861,940 | +2,478 |
| Northern Trust Corp | 803,760 | +48,979 |
| Jpmorgan Chase & Co | 751,863 | -125,293 |
| Systematic Financial Management LP | 706,867 | -15,161 |
| Morgan Stanley | 621,305 | -99,380 |
Insiders
17 insiders reported holding 1,059,980 shares in total, about $71M at the last price.
| Holder | Shares |
|---|---|
| Doyle Jonathan JHd of Financial Services Group, Director | 477,684 |
| Sterling Brian RDirector | 105,326 |
| Soran PhilipDirector | 82,230 |
| Taylor Scott CDirector | 68,105 |
| Abraham Chad RCEO and Chairman, Director | 67,315 |
| Baker James PGlobal Co-Head IB and Cap Mkts | 66,166 |
| Peltier Jean-Paul MGlobal Co-Head IB and Cap Mkts | 37,587 |
| Schreier Thomas S JrDirector | 32,479 |
| Holt Victoria MDirector | 31,942 |
| Dillahunt Michael RGlobal Co-Head IB and Cap Mkts | 25,736 |
Questions about PIPR
What does Piper Sandler Companies do?
Piper Sandler Companies is a company in the Finance sector, listed on NYSE as PIPR. Its shares trade on NYSE under the ticker PIPR.
What is Piper Sandler Companies's net worth?
Piper Sandler Companies has a market value (market cap) of $4.7B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Piper Sandler Companies profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $302.5M on revenue of $2.1B, a net margin of 14.5%.
How much revenue does Piper Sandler Companies make?
Over the twelve months to September 30, 2026 Piper Sandler Companies reported revenue of $2.1B. That is 19.6% more than a year earlier.
When did Piper Sandler Companies last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Piper Sandler Companies's next earnings report?
Piper Sandler Companies's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Piper Sandler Companies pay a dividend?
Yes. Piper Sandler Companies declared dividends of $5.70 per share in fiscal 2025, a yield of 8.51% at the current price.
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Where the numbers come from
Financial figures are the values Piper Sandler Companies tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.