PIPER SANDLER COMPANIES(PIPR)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
PIPER SANDLER COMPANIES (PIPR) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores PIPR at 72.6/100 on a 32-signal composite quality model, placing it at rank #149 of 2,960 stocks — the top 10% of the AI-ranked universe. PIPR scores in the top quartile across balance sheet strength (92.1), revenue growth (80.6), free cash flow (77.5). Shareholder dilution risk is elevated at 21.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PIPER SANDLER COMPANIES reports quarterly revenue of $495.5M, net income of $67.8M, an operating margin of 20.3%. Top institutional holders of PIPR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, Invesco Ltd., based on the most recent SEC filings. PIPR trades on the NYSE exchange and files with the SEC under CIK 1230245. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PIPR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PIPER SANDLER COMPANIES directly from SEC EDGAR.
AI Quality Score
72.6/100
AI Rank
#149
Revenue
$495.5M
Net Income
$67.8M
Operating Margin
20.3%
PIPR key financials by period
PIPER SANDLER COMPANIES reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.9B
$281.3M
19.7%
FY 2024
10-K
$1.5B
$181.1M
14.3%
FY 2023
10-K
$1.3B
$85.5M
9.1%
FY 2022
10-K
$1.4B
$110.7M
9.4%
FY 2021
10-K
$2.0B
$278.5M
21.7%
FY 2020
10-K
$1.2B
$40.5M
5.5%
Institutions holding PIPR
Institutional investors reporting a position in PIPER SANDLER COMPANIES on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenues from contracts with customers rose to $473.1M as investment banking grew 28.7% to $361.5M, lifting pre-tax margin to 20.3% from 12.3%.
Biggest Revenue Drivers
Investment banking$361.5M+28.7% YoY
Driven primarily by more completed M&A transactions and a higher average fee
Institutional brokerage$111.5M-2.6% YoY
Fixed income declines offset higher equity brokerage client activity
Biggest Revenue Drivers
Total revenue: $473.1M+19.6% YoY
Investment banking$361.5M+28.7% YoY
Driven primarily by more completed M&A transactions and a higher average fee
Within Investment banking
Advisory services$274.2M+33.9% YoY
Led by financial services group with contributions from healthcare and services & industrials
Institutional brokerage$111.5M-2.6% YoY
Fixed income declines offset higher equity brokerage client activity
Within Institutional brokerage
Equity brokerage$62.9M+8.3% YoY
Increased trading volumes, including convergence of benchmark rebalancing events in June
Fixed income services$48.6M-13.8% YoY
Reduced client activity resulting from interest rate volatility; prior year benefited from balance sheet restructuring trades
Largest Expense Items
Compensation and benefits$308.7M+19.6% YoY
Higher revenues; compensation ratio fell to 62.3% from 65.1%
Occupancy and equipment$19.6M+12.4% YoY
Incremental costs from 2025 Minneapolis headquarters relocation and planned 2027 New York City office relocation
Outside services$16.8M-19.8% YoY
Lower professional fees and a decline in legal fees
Communications$15.9M+6.3% YoY
Higher market data services expenses
Margins: Pre-tax margin rose to 20.3% from 12.3%, and adjusted pre-tax margin to 21.8% from 18.1%, primarily due to improved operating leverage on higher net revenues.
Watch Items from the Filing
Two FINRA customer arbitrations filed May 2026 over Crown Capital note offerings; claimants purchased $158.3M of notes. No loss contingency accrued; loss range not estimable.
Company accrued $9.7 million for a settlement in principle in the variable rate demand note litigation; litigation-related accruals were $8.5 million for the first half.
Fixed income services fell 13.8% to $48.6M on rate uncertainty and a flattening yield curve; management expects Q3 revenues similar to Q2.
Management expects Q3 equity brokerage revenues to follow historical seasonal decline and Q3 municipal financing to decline from the robust second quarter.
Uncollateralized derivative credit exposure of $3.9M across three counterparties, with one counterparty representing 89.1%, or $3.5M, of that exposure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
