Piper Sandler Companies (PIPR) EBT Margin (2010 - 2026)
Piper Sandler Companies (PIPR) reported EBT Margin of 20.24% for Q2 2026, up 7.96 percentage points from 12.27% a year earlier and up 1.73 percentage points from the prior quarter.
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Analysis
Piper Sandler Companies (PIPR) EBT Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Piper Sandler Companies' EBT Margin came in at 22.87%, up 9.40 percentage points year-over-year; for FY2025, it came in at 19.67%, up 5.41 percentage points from FY2024.
- EBT Margin has a five-year change of +14.20 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 14.26% in FY2024 (+5.23 pp), 9.03% in FY2023 (-0.34 pp), 9.36% in FY2022 (-12.26 pp) and 21.62% in FY2021 (+16.15 pp).
- Five-year quarterly EBT Margin spans a low of -1.18% in Q3 2023 and a high of 28.30% in Q4 2025.
- Year over year, EBT Margin has now increased in each of the last five quarters, with an average year-over-year change of +6.12 percentage points over the last eight quarters.
- The high point for year-over-year EBT Margin in five years was Q3 2024 (a gain of 16.59 percentage points); the low point was Q4 2022 (a drop of 15.10 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 18.51% (Q1 2026), 28.30% (Q4 2025) and 22.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.65 Bn | - | 77.82% |
| 2 | Robinhood Markets | 90.40 Bn | 71.43 Bn | - | 54.20% |
| 3 | Intercontinental Exchange | 89.07 Bn | 82.80 Bn | - | 35.64% |
| 4 | Nasdaq | 53.37 Bn | 50.80 Bn | 1.50 Bn | 25.79% |
| 5 | Interactive Brokers | 37.13 Bn | 14.24 Bn | - | 76.79% |
| 6 | Cboe Global Markets | 32.78 Bn | 24.43 Bn | 731.60 Mn | 34.29% |
| 7 | LPL Financial Holdings | 25.85 Bn | 21.17 Bn | - | 9.94% |
| 8 | Tradeweb Markets | 25.10 Bn | 17.11 Bn | - | 48.34% |
| 9 | Circle Internet | 21.32 Bn | 15.19 Bn | 288.85 Mn | 7.46% |
| 10 | Piper Sandler Companies | 4.38 Bn | 2.81 Bn | - | 20.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.24% |
| Mar 31, 2026 | 18.51% |
| Dec 31, 2025 | 28.30% |
| Sep 30, 2025 | 22.38% |
| Jun 30, 2025 | 12.27% |
| Mar 31, 2025 | 8.21% |
| Dec 31, 2024 | 16.92% |
| Sep 30, 2024 | 15.41% |
| Jun 30, 2024 | 8.29% |
| Mar 31, 2024 | 15.22% |
| Dec 31, 2023 | 18.10% |
| Sep 30, 2023 | -1.18% |
| Jun 30, 2023 | 4.94% |
| Mar 31, 2023 | 8.59% |
| Dec 31, 2022 | 10.85% |
| Sep 30, 2022 | 5.65% |
| Jun 30, 2022 | 10.48% |
| Mar 31, 2022 | 10.10% |
| Dec 31, 2021 | 25.95% |
| Sep 30, 2021 | 16.89% |
API Access
Piper Sandler Companies EBT 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=ebt-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();