Piper Sandler Companies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	1,834	1,507	1,301	1,415	1,941
Net Interest Income	32.06	27.23	16.58	10.89	-3.77
Net Interest Income Growth	17.76%	64.25%	52.29%	-	-
Other Revenues	33.25	-7.89	30.04	-0.02	94.03
Revenue	1,899	1,526	1,348	1,426	2,031
Revenue Growth (YoY)	24.47%	13.20%	-5.45%	-29.81%	64.03%
Cost of Revenue	1,206	1,024	917.01	1,004	1,322
Gross Profit	693.41	501.91	430.96	421.93	709.36
Selling, General & Admin	235.57	219.44	206.56	210.86	167.8
Depreciation & Amortization Expenses	10	10.29	19.44	15.38	30.08
Other Operating Expenses	73.29	53.76	82.37	61.33	69.97
Operating Income	374.55	218.41	122.59	134.37	441.51
Pretax Income	374.55	218.41	122.59	134.37	441.51
Provision for Income Taxes	80.58	60.97	23.61	33.19	111.14
Net Income	281.33	181.11	85.49	110.67	278.51
Minority Interest in Earnings	12.63	-23.67	13.48	-9.49	51.85
Net Income to Common	281.33	181.11	85.49	110.67	278.51
Net Income Growth	55.33%	111.85%	-22.75%	-60.26%	587.62%
Shares Outstanding (Basic)	17	16	15	14	14
Shares Outstanding (Diluted)	18	18	17	17	17
Shares Change (YoY)	0.51%	2.73%	1.53%	0.06%	13.78%
EPS (Basic)	16.89	11.44	5.72	7.92	19.52
EPS (Diluted)	15.82	10.24	4.96	6.52	16.43
EPS Growth	54.49%	106.45%	-23.93%	-60.32%	504.04%
Free Cash Flow	551.96	297.76	265.58	-255.51	686.51
Free Cash Flow Growth	85.37%	12.12%	-	-	-9.93%
Free Cash Flow Per Share	31.04	16.83	15.42	-15.06	40.49
Dividends Per Share	2.700	2.500	2.400	2.400	1.950
Dividend Growth	8.00%	4.17%	-	23.08%	56.00%
Gross Margin	36.51%	32.89%	31.97%	29.60%	34.93%
Operating Margin	19.72%	14.31%	9.09%	9.43%	21.74%
Profit Margin	15.48%	10.32%	7.34%	7.10%	16.27%
FCF Margin	29.06%	19.51%	19.70%	-17.92%	33.80%
EBITDA	401.93	245.48	159.96	165.38	484.22
EBITDA Margin	21.16%	16.09%	11.87%	11.60%	23.84%
EBIT	374.55	218.41	122.59	134.37	441.51
EBIT Margin	19.72%	14.31%	9.09%	9.43%	21.74%
Effective Tax Rate	21.51%	27.92%	19.26%	24.70%	25.17%

Updated Feb 6, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q