Piper Sandler Companies (PIPR) Revenue & Revenue Breakdown

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Piper Sandler Companies Revenue Highlights

Latest Revenue (Y)

$1.90B

Latest Revenue (Q)

$475.14M

Main Segment (Y)

Advisory Services

Piper Sandler Companies Revenue by Period

Piper Sandler Companies Revenue by Year

Date	Revenue	Change
2025-12-31	$1.90B	28.55%
2024-12-31	$1.48B	13.08%
2023-12-31	$1.31B	-5.29%
2022-12-31	$1.38B	-30.23%
2021-12-31	$1.98B	65.80%
2020-12-31	$1.20B	47.56%
2019-12-31	$810.29M	11.86%
2018-12-31	$724.37M	-13.32%
2017-12-31	$835.72M	9.64%
2016-12-31	$762.22M	10.70%
2015-12-31	$688.52M	3.45%
2014-12-31	$665.59M	22.81%
2013-12-31	$541.96M	8.39%
2012-12-31	$499.99M	12.64%
2011-12-31	$443.88M	-11.82%
2010-12-31	$503.38M	3.39%
2009-12-31	$486.88M	55.29%
2008-12-31	$313.52M	-40.63%
2007-12-31	$528.07M	-1.73%
2006-12-31	$537.35M	18.41%
2005-12-31	$453.80M	-0.62%
2004-12-31	$456.63M	-43.36%
2003-12-31	$806.24M	5.62%
2002-12-31	$763.37M	699.87%
2001-12-31	$95.44M	-33.87%
2000-12-31	$144.31M	-

Piper Sandler Companies generated $1.90B in revenue during NA 2025, up 28.55% compared to the previous quarter, and up 159.26% compared to the same period a year ago.

Piper Sandler Companies Revenue by Quarter

Date	Revenue	Change
2026-03-31	$475.14M	-28.76%
2025-12-31	$666.99M	44.25%
2025-09-30	$462.37M	17.39%
2025-06-30	$393.88M	13.21%
2025-03-31	$347.92M	-25.65%
2024-12-31	$467.97M	33.81%
2024-09-30	$349.73M	3.98%
2024-06-30	$336.33M	0.94%
2024-03-31	$333.19M	-27.70%
2023-12-31	$460.85M	64.29%
2023-09-30	$280.51M	-2.08%
2023-06-30	$286.48M	-1.08%
2023-03-31	$289.62M	-23.43%
2022-12-31	$378.21M	17.74%
2022-09-30	$321.23M	-5.62%
2022-06-30	$340.35M	-0.85%
2022-03-31	$343.27M	-45.99%
2021-12-31	$635.52M	46.56%
2021-09-30	$433.62M	-13.00%
2021-06-30	$498.43M	20.17%
2021-03-31	$414.78M	4.49%
2020-12-31	$396.95M	36.90%
2020-09-30	$289.96M	3.39%
2020-06-30	$280.45M	22.85%
2020-03-31	$228.29M	-15.83%
2019-12-31	$271.21M	40.70%
2019-09-30	$192.75M	14.96%
2019-06-30	$167.67M	-6.15%
2019-03-31	$178.65M	-18.34%
2018-12-31	$218.77M	11.49%
2018-09-30	$196.23M	27.28%
2018-06-30	$154.17M	-4.75%
2018-03-31	$161.85M	-30.77%
2017-12-31	$233.78M	-1.96%
2017-09-30	$238.44M	21.77%
2017-06-30	$195.82M	-1.46%
2017-03-31	$198.72M	-9.88%
2016-12-31	$220.50M	10.89%
2016-09-30	$198.84M	17.96%
2016-06-30	$168.57M	11.05%
2016-03-31	$151.79M	-23.09%
2015-12-31	$197.36M	31.91%
2015-09-30	$149.62M	-8.81%
2015-06-30	$164.07M	1.36%
2015-03-31	$161.87M	7.52%
2014-12-31	$150.55M	-5.57%
2014-09-30	$159.43M	-6.24%
2014-06-30	$170.03M	1.13%
2014-03-31	$168.13M	-10.37%
2013-12-31	$187.58M	46.19%
2013-09-30	$128.31M	28.61%
2013-06-30	$99.77M	-8.91%
2013-03-31	$109.53M	-19.86%
2012-12-31	$136.68M	2.80%
2012-09-30	$132.96M	24.96%
2012-06-30	$106.40M	-9.58%
2012-03-31	$117.67M	18.60%
2011-12-31	$99.22M	1.06%
2011-09-30	$98.18M	-27.78%
2011-06-30	$135.95M	8.95%
2011-03-31	$124.78M	-29.25%
2010-12-31	$176.37M	51.44%
2010-09-30	$116.46M	-8.77%
2010-06-30	$127.65M	16.49%
2010-03-31	$109.59M	-1.61%
2009-12-31	$111.38M	-6.93%
2009-09-30	$119.67M	-9.54%
2009-06-30	$132.29M	57.71%
2009-03-31	$83.88M	33.04%
2008-12-31	$63.05M	-13.28%
2008-09-30	$72.71M	-23.39%
2008-06-30	$94.91M	-0.86%
2008-03-31	$95.73M	-34.66%
2007-12-31	$146.50M	-

Piper Sandler Companies generated $475.14M in revenue during Q1 2026, up -28.76% compared to the previous quarter, and up 101.53% compared to the same period a year ago.

Piper Sandler Companies Revenue Breakdown

Piper Sandler Companies Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Equity Sales and Trading	$230.27M	$215.28M	$209.51M	$210.31M	$154.07M
Equities Financing	$217.16M	-	-	-	-
Debt Financing	$145.75M	-	-	-	-
Advisory Services	$1.04B	$808.75M	$709.32M	$776.43M	$1.03B
Fixed Income Sales and Trading	$202.93M	$186.17M	$168.03M	$194.95M	$233.51M
Municipal Financing	-	$122.51M	$83.42M	$107.74M	$164.28M
Corporate Financing	-	$173.88M	$131.08M	$125.34M	$362.80M

Piper Sandler Companies's latest annual revenue breakdown by segment (product or service), as of Dec 25: Advisory Services (56.59%), Equity Sales and Trading (12.56%), Equities Financing (11.84%), Fixed Income Sales and Trading (11.06%), and Debt Financing (7.95%).

Quarterly Revenue by Product

Product/Service	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 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
Advisory Services	$250.96M	$402.58M	$212.37M	$206.20M	$216.80M	$463.51M	$188.05M	$157.19M	$284.32M	$154.56M	$129.78M	$140.66M	$221.06M	$174.81M	$169.66M	$210.90M	$410.46M	$214.16M	$248.67M	$152.85M
Equity Sales and Trading	$60.47M	$64.19M	$53.75M	$58.08M	$54.25M	$113.31M	$52.48M	$49.49M	$55.00M	$50.24M	$50.44M	$53.83M	$56.45M	$52.69M	$51.38M	$49.80M	$41.90M	$34.06M	$34.87M	$43.23M
Equities Financing	$73.31M	$66.74M	$79.72M	$34.98M	$35.73M	$17.90M	$52.58M	$37.17M	$36.92M	$26.80M	$40.10M	$29.24M	$19.19M	$79.06M	$102.40M	$116.14M	-	-	-	-
Debt Financing	$23.91M	$38.94M	$38.50M	$41.91M	$26.40M	$35.52M	$20.75M	$19.93M	$17.27M	$16.93M	$26.52M	$35.23M	$27.42M	$42.37M	$36.08M	$27.09M	-	-	-	-
Fixed Income Sales and Trading	$50.38M	$47.89M	$55.74M	$54.29M	$45.00M	$95.76M	$48.45M	$41.95M	$47.89M	$40.25M	$37.40M	$42.48M	$49.60M	$37.03M	$53.57M	$54.76M	$50.26M	$56.04M	$60.96M	$66.25M

Piper Sandler Companies's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Advisory Services (54.67%), Equities Financing (15.97%), Equity Sales and Trading (13.17%), Fixed Income Sales and Trading (10.97%), and Debt Financing (5.21%).

Piper Sandler Companies Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SNEX	StoneX Group	$132.38B	$45.76B
PFSI	PennyMac Financial Services	$4.36B	$544.98M
VIRT	Virtu Financial	$3.63B	$1.10B
LAZ	Lazard	$3.19B	$779.40M
PIPR	Piper Sandler Companies	$1.90B	$475.14M
PJT	PJT Partners	$1.71B	$418.20M
MC	Moelis	$1.52B	$356.89M
MKTX	MarketAxess	$846.26M	$233.38M
FAF	First American Financial	$641.90M	$143.30M
HUT	Hut 8	$235.12M	$83.51M
WULF	TeraWulf	$168.46M	$34.01M

PIPR Revenue FAQ

What is Piper Sandler Companies’s yearly revenue?

Piper Sandler Companies's yearly revenue for 2025 was $1.9B, representing an increase of 28.55% compared to 2024. The company's yearly revenue for 2024 was $1.48B, representing an increase of 13.08% compared to 2023. PIPR's yearly revenue for 2023 was $1.31B, representing a decrease of -5.29% compared to 2022.

What is Piper Sandler Companies’s quarterly revenue?

Piper Sandler Companies's quarterly revenue for Q1 2026 was $475.14M, a -28.76% decrease from the previous quarter (Q4 2025), and a 36.57% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $666.99M, a 44.25% increase from the previous quarter (Q3 2025), and a 42.53% increase year-over-year (Q4 2024). PIPR's quarterly revenue for Q3 2025 was $462.37M, a 17.39% increase from the previous quarter (Q2 2025), and a 32.21% increase year-over-year (Q3 2024).

What is Piper Sandler Companies’s revenue growth rate?

Piper Sandler Companies's revenue growth rate for the last 3 years (2023-2025) was 45.37%, and for the last 5 years (2021-2025) was -3.94%.

What are Piper Sandler Companies’s revenue streams?

Piper Sandler Companies's revenue streams in c 25 are Equity Sales and Trading, Equities Financing, Debt Financing, Advisory Services, and Fixed Income Sales and Trading. Equity Sales and Trading generated $230.27M in revenue, accounting 12.56% of the company's total revenue, up 6.97% year-over-year. Equities Financing generated $217.16M in revenue, accounting 11.84% of the company's total revenue Debt Financing generated $145.75M in revenue, accounting 7.95% of the company's total revenue Advisory Services generated $1.04B in revenue, accounting 56.59% of the company's total revenue, up 28.34% year-over-year. Fixed Income Sales and Trading generated $202.92M in revenue, accounting 11.06% of the company's total revenue, up 9.00% year-over-year.

What is Piper Sandler Companies’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Piper Sandler Companies was Advisory Services. This segment made a revenue of $1.04B, representing 56.59% of the company's total revenue.