Income Statement - PIPER SANDLER COMPANIES (PIPR)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,904.22 | 1,481.27 | 1,309.95 | 1,383.06 | 1,982.34 | 1,195.65 | 810.29 | 724.37 | 835.72 | 762.22 | 688.52 | 665.59 | 541.96 | 499.99 | 443.88 | 503.38 | 486.88 | 313.53 | 528.07 | 537.35 |
| Cost of revenue | 121.76 | 5.68 | 10.15 | 9.48 | 10.73 | 14.45 | 11.73 | 16.55 | 20.27 | 22.53 | 23.40 | 25.07 | 25.04 | 19.10 | 20.72 | 34.79 | 18.09 | 18.66 | 23.69 | 32.30 |
| Gross profit | 1,782.46 | 1,475.59 | 1,299.81 | 1,373.58 | 1,971.61 | 1,181.21 | 798.56 | 707.82 | 815.46 | 739.70 | 665.12 | 640.52 | 516.93 | 480.90 | 423.16 | 468.59 | 468.79 | 294.87 | 504.38 | 505.05 |
| Total operating expenses | 1,396.93 | 1,257.18 | 1,177.22 | 1,239.21 | 1,530.10 | 1,112.66 | 679.58 | 635.33 | 736.14 | 770.57 | 578.70 | 530.21 | 441.31 | 411.89 | 503.35 | 414.77 | 412.24 | 518.48 | 473.95 | 471.70 |
| Operating income | 385.53 | 218.41 | 122.59 | 134.37 | 441.51 | 68.55 | 118.98 | 72.49 | 79.32 | -30.87 | 86.42 | 110.31 | 75.61 | 69.01 | -80.19 | 53.82 | 56.55 | -223.61 | 30.43 | 33.35 |
| Non-operating income (net) | -10.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 374.55 | 218.41 | 122.59 | 134.37 | 441.51 | 68.55 | 118.98 | 72.49 | 79.32 | -30.87 | 86.42 | 110.31 | 75.61 | 69.01 | -80.19 | 53.82 | 56.55 | -223.61 | 30.43 | 33.35 |
| Income tax expense | 80.58 | 60.97 | 23.61 | 33.19 | 111.14 | 19.19 | 24.58 | 18.05 | 53.81 | -17.13 | 27.94 | 35.99 | 20.39 | 19.47 | 9.12 | 32.16 | 26.18 | -40.13 | 5.79 | 10.21 |
| Net income | 281.33 | 181.11 | 85.49 | 110.67 | 278.51 | 40.50 | 111.71 | 57.04 | -61.94 | -21.95 | 52.08 | 63.17 | 45.09 | 41.27 | -102.02 | 24.36 | 30.37 | -182.98 | 21.94 | 195.43 |
Show Quarterly Income Statement
Income Statement - PIPER SANDLER COMPANIES (PIPR)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 475.15 | 666.99 | 462.37 | 393.88 | 347.92 | 467.97 | 349.73 | 336.33 | 333.19 | 460.85 | 280.51 | 286.48 | 289.62 | 378.22 | 321.23 | 340.35 | 343.27 | 635.52 | 433.62 | 498.43 | 414.78 | 396.95 | 289.97 | 280.45 | 228.29 | 271.22 | 192.76 | 167.67 | 178.65 | 218.77 | 199.94 | 159.27 | 167.19 | 238.48 | 242.79 | 202.08 | 203.68 | 225.64 | 204.27 | 174.48 | 157.84 | 201.21 | 152.75 | 168.13 | 166.43 | 155.30 | 164.04 | 174.19 | 172.06 | 182.37 | 132.40 | 104.27 | 113.16 | 137.74 | 136.81 | 107.72 | 117.77 | 106.05 | 104.75 | 140.56 | 132.94 | 184.56 | 124.62 | 137.51 | 118.37 | 115.57 | 126.45 | 134.27 | 86.08 | 65.86 | 76.67 | 100.73 | 102.61 | 153.43 | 98.54 | 126.99 | 143.65 | 153.14 | 124.60 | 115.66 | 143.11 |
| Cost of revenue | 18.75 | 31.81 | 0.82 | 1.80 | 1.28 | 1.28 | 1.36 | 1.67 | 1.38 | 2.36 | 2.55 | 2.61 | 2.64 | 2.28 | 2.65 | 2.36 | 2.20 | 2.59 | 2.67 | 2.70 | 2.78 | 3.25 | 3.46 | 3.53 | 4.21 | 3.92 | 2.18 | 2.99 | 2.64 | 2.41 | 3.71 | 5.10 | 5.34 | 4.70 | 4.35 | 6.26 | 4.96 | 5.14 | 5.43 | 5.91 | 6.05 | 5.68 | 5.12 | 6.04 | 6.56 | 6.85 | 6.52 | 5.95 | 5.76 | -3.44 | 6.19 | 6.75 | 5.78 | 9.11 | 7.13 | 6.63 | 6.43 | 6.83 | 8.89 | 7.69 | 8.16 | 8.19 | 8.15 | 9.86 | 8.79 | 4.20 | 6.78 | 1.98 | 2.19 | 2.80 | 3.15 | 5.83 | 6.88 | 6.92 | 5.65 | 4.42 | 6.70 | 6.52 | 8.49 | 9.14 | 8.15 |
| Gross profit | 456.39 | 635.18 | 461.55 | 392.08 | 346.64 | 466.69 | 348.37 | 334.66 | 331.80 | 458.49 | 277.97 | 283.87 | 286.98 | 375.94 | 318.58 | 337.99 | 341.07 | 632.93 | 430.95 | 495.73 | 412.00 | 393.70 | 286.51 | 276.92 | 224.08 | 267.30 | 190.58 | 164.68 | 176.01 | 216.37 | 196.23 | 154.17 | 161.85 | 233.78 | 238.44 | 195.82 | 198.72 | 220.50 | 198.84 | 168.57 | 151.79 | 195.53 | 147.64 | 162.09 | 159.87 | 148.45 | 157.52 | 168.24 | 166.30 | 185.81 | 126.21 | 97.53 | 107.38 | 128.63 | 129.68 | 101.10 | 111.33 | 99.22 | 95.86 | 132.86 | 124.78 | 176.37 | 116.46 | 127.65 | 109.59 | 111.38 | 119.67 | 132.29 | 83.88 | 63.05 | 73.52 | 94.91 | 95.73 | 146.50 | 92.89 | 122.58 | 136.95 | 146.62 | 116.11 | 106.51 | 134.96 |
| Total operating expenses | 367.72 | 445.37 | 354.13 | 343.15 | 317.20 | 384.57 | 292.75 | 306.42 | 279.38 | 372.65 | 281.42 | 269.49 | 261.17 | 333.27 | 299.68 | 300.83 | 305.43 | 464.05 | 355.24 | 381.67 | 329.13 | 323.17 | 261.86 | 269.53 | 258.11 | 213.41 | 169.54 | 143.75 | 152.87 | 184.42 | 168.45 | 149.28 | 153.81 | 223.54 | 320.68 | 175.95 | 175.91 | 279.77 | 180.39 | 162.06 | 148.35 | 173.04 | 140.85 | 136.23 | 128.58 | 126.97 | 131.83 | 137.83 | 133.59 | 143.76 | 114.15 | 94.19 | 89.22 | 103.11 | 104.33 | 95.44 | 96.11 | 217.87 | 90.73 | 115.73 | 113.25 | 153.23 | 103.17 | 115.89 | 100.43 | 92.37 | 104.09 | 113.87 | 80.34 | 222.84 | 120.22 | 109.20 | 100.14 | 127.36 | 86.86 | 107.43 | 114.37 | 104.64 | 101.06 | 94.35 | 106.27 |
| Operating income | 88.67 | 189.81 | 107.43 | 48.92 | 29.43 | 82.13 | 55.62 | 28.25 | 52.42 | 85.85 | -3.45 | 14.38 | 25.81 | 42.67 | 18.90 | 37.16 | 35.64 | 168.88 | 75.71 | 114.06 | 82.87 | 70.53 | 24.65 | 7.40 | -34.03 | 53.88 | 21.04 | 20.93 | 23.14 | 31.95 | 27.79 | 4.89 | 8.04 | 10.24 | -82.24 | 19.87 | 22.81 | -59.28 | 18.45 | 6.51 | 3.44 | 22.48 | 6.79 | 25.86 | 31.29 | 21.49 | 25.69 | 30.42 | 32.71 | 42.05 | 12.06 | 3.33 | 18.17 | 25.52 | 25.35 | 5.66 | 15.22 | -118.65 | 5.13 | 17.13 | 11.53 | 23.15 | 13.29 | 11.76 | 9.16 | 19.01 | 15.58 | 18.42 | 3.54 | -159.79 | -46.70 | -14.30 | -4.41 | 19.15 | 6.03 | 15.15 | 22.58 | 41.98 | 15.05 | 12.16 | 28.69 |
| Non-operating income (net) | -0.74 | -1.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 87.93 | 188.76 | 107.43 | 48.92 | 29.43 | 82.13 | 55.62 | 28.25 | 52.42 | 85.85 | -3.45 | 14.38 | 25.81 | 42.67 | 18.90 | 37.16 | 35.64 | 168.88 | 75.71 | 114.06 | 82.87 | 70.53 | 24.65 | 7.40 | -34.03 | 53.88 | 21.04 | 20.93 | 23.14 | 31.95 | 27.79 | 4.89 | 8.04 | 10.24 | -82.24 | 19.87 | 22.81 | -59.28 | 18.45 | 6.51 | 3.44 | 22.48 | 6.79 | 25.86 | 31.29 | 21.49 | 25.69 | 30.42 | 32.71 | 42.05 | 12.06 | 3.33 | 18.17 | 25.52 | 25.35 | 5.66 | 15.22 | -118.65 | 5.13 | 17.13 | 11.53 | 23.15 | 13.29 | 11.76 | 9.16 | 19.01 | 15.58 | 18.42 | 3.54 | -159.79 | -46.70 | -14.30 | -4.41 | 19.15 | 6.03 | 15.15 | 22.58 | 41.98 | 15.05 | 12.16 | 28.69 |
| Income tax expense | 19.62 | 45.80 | 24.95 | 17.17 | -7.34 | 29.63 | 15.23 | 13.28 | 2.84 | 21.27 | 10.23 | -0.25 | -7.64 | 4.66 | 8.17 | 9.39 | 10.98 | 43.29 | 23.51 | 27.07 | 17.27 | 20.59 | 5.67 | 4.70 | -11.77 | 13.85 | 6.72 | -0.18 | 4.19 | 13.70 | 6.90 | 0.56 | -2.58 | 57.14 | -31.42 | 4.91 | -0.40 | -25.90 | 6.52 | 2.00 | 0.26 | 7.34 | 1.57 | 9.54 | 9.49 | 7.51 | 8.60 | 10.05 | 9.83 | 10.26 | 2.89 | 1.64 | 5.60 | 8.11 | 10.19 | -5.70 | 7.55 | -2.90 | 1.36 | 5.99 | 4.12 | 13.73 | 6.52 | 4.46 | 8.65 | 6.76 | 6.32 | 6.84 | 6.27 | -11.33 | -19.17 | -9.22 | -0.97 | 4.03 | 1.22 | 4.77 | 7.86 | 15.24 | 5.52 | 4.23 | 9.98 |
| Net income | 65.24 | 113.97 | 60.27 | 42.18 | 64.92 | 69.06 | 34.79 | 34.77 | 42.49 | 52.03 | 3.88 | 3.95 | 25.63 | 38.10 | 14.53 | 21.39 | 36.65 | 113.51 | 45.72 | 69.82 | 49.46 | 42.16 | 11.62 | 1.45 | -14.73 | 38.66 | 43.24 | 10.39 | 19.42 | 18.18 | 22.02 | 6.23 | 10.60 | -46.07 | -49.71 | 13.57 | 20.28 | -36.99 | 10.66 | 1.94 | 2.44 | 13.27 | 4.83 | 17.00 | 16.97 | 12.54 | 14.67 | 18.21 | 17.75 | 27.13 | 5.32 | 2.49 | 10.15 | 11.82 | 19.66 | 6.85 | 2.93 | -116.36 | -3.58 | 10.69 | 7.23 | 9.42 | 7.05 | 7.38 | 0.51 | 12.25 | 9.27 | 11.58 | -2.73 | -148.74 | -28.19 | -3.63 | -3.44 | 15.12 | 4.36 | 9.33 | 13.42 | 20.65 | 186.61 | 4.14 | 23.86 |