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
Interest and Dividend Income	70.15	25.02	56.76	20.34	101
Total Interest Expense	4.84	5.68	10.15	9.48	10.73
Net Interest Income	65.31	19.34	46.62	10.86	90.27
Brokerage Commission	433.2	401.44	377.54	405.27	387.58
Underwriting & Investment Banking Fee	1,401	1,105	923.81	1,010	1,553
Revenue	1,899	1,526	1,348	1,426	2,031
Revenue Growth (YoY)	24.47%	13.20%	-5.45%	-29.81%	64.03%
Salaries & Employee Benefits	1,154	955.45	845.98	983.52	1,305
Cost of Services Provided	298.66	268.81	253.18	262.91	227.25
Other Operating Expenses	23.66	24.69	28.14	13.62	22.33
Total Operating Expenses	1,486	1,259	1,147	1,275	1,585
Operating Income	413.35	266.68	201.24	150.21	446.24
EBT Excluding Unusual Items	413.35	266.68	201.24	150.21	446.24
Merger & Restructuring Charges	-38.8	-2.59	-7.75	-11.44	-4.72
Legal Settlements	-	2.2	-20.2	-	-
Other Unusual Items	-	-47.88	-50.71	-4.4	-
Pretax Income	374.55	218.41	122.59	134.37	441.51
Income Tax Expense	80.58	60.97	23.61	33.19	111.14
Earnings From Continuing Ops.	293.97	157.44	98.97	101.18	330.37
Net Income to Company	293.97	157.44	98.97	101.18	330.37
Minority Interest in Earnings	-12.63	23.67	-13.48	9.49	-51.85
Net Income	281.33	181.11	85.49	110.67	278.51
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	-	297.76	265.58	-255.51	686.51
Free Cash Flow Per Share	-	16.83	15.42	-15.06	40.49
Dividend Per Share	2.700	2.500	2.400	2.400	1.950
Dividend Growth	8.00%	4.17%	-	23.08%	56.00%
Operating Margin	21.76%	17.48%	14.93%	10.54%	21.97%
Profit Margin	14.81%	11.87%	6.34%	7.76%	13.71%
Free Cash Flow Margin	-	19.51%	19.70%	-17.92%	33.80%
Effective Tax Rate	21.52%	27.92%	19.26%	24.70%	25.17%
Revenue as Reported	1,904	1,532	1,358	1,435	2,042

Updated Feb 6, 2026. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q