Piper Sandler Companies (PIPR) EBITDA Margin (2010 - 2026)
Piper Sandler Companies (PIPR) reported EBITDA Margin of 21.64% for Q2 2026, up 7.80 percentage points from 13.84% a year earlier and up 1.70 percentage points from the prior quarter.
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Analysis
Piper Sandler Companies (PIPR) EBITDA Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Piper Sandler Companies' EBITDA Margin came in at 24.22%, up 9.10 percentage points year-over-year; for FY2025, it came in at 21.18%, up 5.09 percentage points from FY2024.
- EBITDA Margin has increased for three consecutive years, with a five-year change of +10.44 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 16.09% in FY2024 (+3.86 pp), 12.23% in FY2023 (+0.23 pp), 11.99% in FY2022 (-12.14 pp) and 24.14% in FY2021 (+13.40 pp).
- Five-year quarterly EBITDA Margin spans a low of 2.03% in Q3 2023 and a high of 29.51% in Q4 2025.
- Year over year, EBITDA Margin has now increased in each of the last five quarters, with an average year-over-year change of +5.68 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q3 2024 (a gain of 15.24 percentage points); the low point was Q4 2022 (a drop of 14.36 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.94% (Q1 2026), 29.51% (Q4 2025) and 23.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 107.16 Bn | 95.26 Bn | - | 69.82% |
| 2 | Intercontinental Exchange | 89.14 Bn | 82.88 Bn | - | 49.29% |
| 3 | Robinhood Markets | 89.00 Bn | 70.04 Bn | - | 68.12% |
| 4 | Nasdaq | 53.31 Bn | 50.74 Bn | 1.50 Bn | 34.64% |
| 5 | Interactive Brokers | 36.97 Bn | 14.08 Bn | - | 139.87% |
| 6 | Cboe Global Markets | 32.88 Bn | 24.54 Bn | 731.60 Mn | 34.94% |
| 7 | LPL Financial Holdings | 25.65 Bn | 20.97 Bn | - | 15.45% |
| 8 | Tradeweb Markets | 25.05 Bn | 17.07 Bn | - | 54.88% |
| 9 | Circle Internet | 21.09 Bn | 14.97 Bn | 288.85 Mn | 9.16% |
| 10 | Piper Sandler Companies | 4.37 Bn | 2.79 Bn | - | 21.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.64% |
| Mar 31, 2026 | 19.94% |
| Dec 31, 2025 | 29.51% |
| Sep 30, 2025 | 23.80% |
| Jun 30, 2025 | 13.84% |
| Mar 31, 2025 | 9.96% |
| Dec 31, 2024 | 18.39% |
| Sep 30, 2024 | 17.27% |
| Jun 30, 2024 | 10.22% |
| Mar 31, 2024 | 17.14% |
| Dec 31, 2023 | 20.04% |
| Sep 30, 2023 | 2.03% |
| Jun 30, 2023 | 8.18% |
| Mar 31, 2023 | 11.69% |
| Dec 31, 2022 | 13.27% |
| Sep 30, 2022 | 8.00% |
| Jun 30, 2022 | 12.49% |
| Mar 31, 2022 | 11.95% |
| Dec 31, 2021 | 27.63% |
| Sep 30, 2021 | 19.32% |
API Access
Piper Sandler Companies EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "PIPR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();