Piper Sandler Companies income statement
In fiscal 2025, Piper Sandler Companies reported revenue of $1.90bn, up 24.3% on the year before and net income of $281m, or $3.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 487 | 515 | 453 | 508 | 550 | 673 | 696 | 770 | 844 | 758 | 846 | 1,253 | 2,042 | 1,435 | 1,358 | 1,532 | 1,904 | 2,118 |
| Non-interest expense | 412 | 426 | 512 | 420 | 450 | 538 | 586 | 778 | 744 | 668 | 716 | 1,170 | 1,590 | 1,291 | 1,225 | 1,308 | 1,525 | 1,631 |
| Income before tax | 57 | 54 | −80 | 69 | 76 | 110 | 86 | −31 | 79 | 72 | 119 | 69 | 442 | 134 | 123 | 218 | 375 | 485 |
| Income tax | 26 | 32 | 9 | 19 | 20 | 36 | 28 | −17 | 54 | 18 | 25 | 19 | 111 | 33 | 24 | 61 | 81 | 121 |
| Net income | 30 | 24 | −102 | 41 | 45 | 63 | 52 | −22 | −62 | 57 | 112 | 41 | 279 | 111 | 85 | 181 | 281 | 307 |
| Diluted EPS | $0.39 | $0.31 | −$1.63 | $0.56 | $0.68 | $0.97 | $0.83 | −$0.43 | −$1.25 | $0.93 | $1.92 | $0.68 | $4.11 | $1.63 | $1.24 | $2.56 | $3.96 | $4.31 |
| Diluted shares (average) | 64m | 62m | 63m | 62m | 60m | 60m | 58m | 51m | 52m | 54m | 56m | 60m | 68m | 68m | 69m | 71m | 71m | 71m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 361 | 485 | 359 | 399 | 480 | 667 | 475 | 496 |
| Non-interest expense | 304 | 402 | 328 | 348 | 372 | 477 | 386 | 395 |
| Income before tax | 56 | 82 | 29 | 49 | 107 | 189 | 88 | 100 |
| Income tax | 15 | 30 | −7 | 17 | 25 | 46 | 20 | 30 |
| Net income | 35 | 69 | 65 | 42 | 60 | 114 | 65 | 68 |
| Diluted EPS | $1.96 | $3.86 | $0.91 | $0.59 | $1.87 | $6.40 | $0.92 | $0.95 |
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