Piper Sandler Companies

PIPR Financial Capital Markets

Piper Sandler Companies' revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 24.5% from fiscal 2024.

Revenue
−7.56%
EPS
−33.8%
Free cash flow
+58.8%

Quarter to September 2026, against a year earlier

67.17 3.05 −4.34%
Market cap
$4.7B
P/E
15.8×
Fwd P/E
14.2×
Dividend yield
0.86%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Piper Sandler Companies (PIPR) Operating margin

Alert me on Operating margin

Piper Sandler Companies's operating margin over the twelve months to 30 September 2026 was 22.8%, up 0.8 percentage points from fiscal 2025 (22.0%). Over the past ten years it has ranged from −4.06% (fiscal 2016) to 23.9% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 22.0% 5.70
FY2024 16.3% 5.12
FY2023 11.2% (0.47)
FY2022 11.7% (12.19)
FY2021 23.9% 15.24
FY2020 8.61% (8.74)
FY2019 17.4% 4.18
FY2018 13.2% 3.06
FY2017 10.1% 14.17
FY2016 −4.06% (16.90)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.0% (5.23)
Jun 2026 20.3% 1.74
Mar 2026 18.5% (14.40)
Dec 2025 32.9% 7.81
43 more quarters

Against its own ten years

Low −4.06% High 23.9%
Ten-year median 12.8%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
MKTX MarketAxess Holdings Inc. compare 40.5%
MRX Marex Group PLC compare 36.4%
FIGR Figure Technology Solutions, Inc. compare 28.4%
PIPR Piper Sandler Companies 22.8%
MC Moelis & Company compare 18.4%
BGC BGC Group, Inc. compare 10.7%
GLXY Galaxy Digital Inc. compare −0.53%
RIOT Riot Platforms, Inc. compare −210.5%
WULF TeraWulf Inc. compare −250.4%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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