Piper Sandler Companies (PIPR) Net Margin (2010 - 2026)
Piper Sandler Companies (PIPR) recorded quarterly Net Margin of 14.38% in Q1 2026, down 33.02% quarter-over-quarter from 21.46% in Q4 2025, and up 409.0% on a YoY basis from 2.82% in Q1 2025.
Piper Sandler Companies (PIPR) Net Margin (2010 - 2026) Analysis & Trends
Piper Sandler Companies' Net Margin history runs 17 years deep, the most recent figure standing at 14.38% for Q1 2026.
- In Q1 2026, Net Margin rose 409.0% year-over-year to 14.38%; the TTM figure through Mar 2026 stood at 16.12% (up 674.0% YoY), while the FY2025 annual figure was 15.48%, up 520.0% from the prior year.
- Net Margin was 14.38% for Q1 2026 at Piper Sandler Companies, down from 21.46% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 21.46% in Q4 2025 to a low of 4.68% in Q3 2023.
- Historically, Net Margin has averaged 9.72% across 5 years, with a median of 10.29% in 2025.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 792 bps in 2023, then soared 1587 bps in 2024.
- A 5-year view of Net Margin shows it stood at 9.66% in 2022, then surged by 41 bps to 13.62% in 2023, then retreated by 20 bps to 10.85% in 2024, then jumped by 98 bps to 21.46% in 2025, then plunged by 33 bps to 14.38% in 2026.
- The last three Net Margin figures came in at 14.38% (Q1 2026), 21.46% (Q4 2025), and 17.21% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 26.29% |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 31.36% |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 36.98% |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 32.80% |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 16.00% |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 7.22% |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 37.74% |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 132.82% |
| 10 | Piper Sandler Companies | 5.35 Bn | 5.22 Bn | - | 14.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.38% |
| Dec 31, 2025 | 21.46% |
| Sep 30, 2025 | 17.21% |
| Jun 30, 2025 | 7.97% |
| Mar 31, 2025 | 10.29% |
| Dec 31, 2024 | 10.85% |
| Sep 30, 2024 | 11.19% |
| Jun 30, 2024 | 4.41% |
| Mar 31, 2024 | 14.45% |
| Dec 31, 2023 | 13.62% |
| Sep 30, 2023 | -4.68% |
| Jun 30, 2023 | 5.02% |
| Mar 31, 2023 | 11.23% |
| Dec 31, 2022 | 9.66% |
| Sep 30, 2022 | 3.24% |
| Jun 30, 2022 | 7.89% |
| Mar 31, 2022 | 6.99% |
| Dec 31, 2021 | 17.51% |
| Sep 30, 2021 | 10.20% |
| Jun 30, 2021 | 13.73% |