Piper Sandler Companies (PIPR) Financials
Key financial figures for Piper Sandler Companies (Q3 2026).
Piper Sandler's Q3 2026 adjusted net revenues were flat year over year at $456.0 million as 18% advisory growth offset weaker corporate and municipal financing, while adjusted EPS of $0.87 fell 9%. Net revenues were $443.0 million (GAAP), down 11% from Q2 2026 and 8% from Q3 2025; adjusted net revenues were $456.0 million, down 7% sequentially and essentially flat year over year (Q3 2025: $455.3 million). GAAP diluted EPS was $0.78 (Q3 2025: $0.85) and adjusted diluted EPS was $0.87 (Q3 2025: $0.96). Both sit below the $0.934 EPS estimate on our earnings calendar (basis of that estimate not stated, so the comparison is directional only). Figures are for Q3 2026, as Piper Sandler Companies reported them.
- Revenue
- $444M
- Net Income
- $55M
- EPS
- $0.82
- Total Assets
- $2.4B
- Operating Cash Flow
- $350M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $444M | $55M | $0.78 | $329M | |
| Q2 FY2026 | $496M | $68M | $0.95 | $51M | |
| Q1 FY2026 | $475M | $65M | $0.92 | -$317M | |
| Q4 FY2025 | $667M | $114M | $1.60 | $844M | |
| Q3 FY2025 | $462M | $60M | $0.85 | $26M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.9B | $281M | $3.96 | $698M | |
| FY2024 | $1.5B | $181M | $2.56 | $298M | |
| FY2023 | $1.3B | $85M | $1.24 | $266M |
Frequently asked questions
What was Piper Sandler Companies's revenue last quarter?
Piper Sandler Companies reported revenue of $443.7 million for Q3 FY2026, down 4.0% from the same period a year earlier.
Is Piper Sandler Companies profitable?
Yes. Piper Sandler Companies reported net income of $55.4 million for Q3 FY2026, a net margin of 12.49% on revenue.
How much free cash flow did Piper Sandler Companies generate?
Piper Sandler Companies generated free cash flow of $329.1 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Piper Sandler Companies on SentiSense, with up to forty quarters and twenty fiscal years of history.