Piper Sandler Companies (PIPR) Net Margin (2010 - 2026)
Piper Sandler Companies' Net Margin came in at 13.67% for Q2 2026, up 3.08 percentage points from 10.59% a year earlier but down 0.06 percentage points from the prior quarter.
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Analysis
Piper Sandler Companies (PIPR) Net Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Piper Sandler Companies reported Net Margin of 14.51%, up 1.35 percentage points year-over-year; for FY2025, it came in at 14.77%, up 2.95 percentage points from FY2024.
- Net Margin carries a five-year change of +11.54 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 11.83% in FY2024 (+5.53 pp), 6.30% in FY2023 (-1.42 pp), 7.71% in FY2022 (-5.93 pp) and 13.64% in FY2021 (+10.41 pp).
- The five-year range for quarterly Net Margin is 1.33% (Q3 2023) to 18.10% (Q1 2025).
- Year-over-year, Net Margin increased in seven of the last eight quarters, with an average year-over-year change of +2.78 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2024 (a gain of 8.84 percentage points), and the weakest in Q4 2022 (a drop of 7.75 percentage points).
- Business Quant data shows PIPR's Net Margin at 13.73% (Q1 2026), 17.09% (Q4 2025) and 12.55% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 105.82 Bn | 93.92 Bn | - | 61.06% |
| 2 | Intercontinental Exchange | 89.41 Bn | 83.14 Bn | - | 26.53% |
| 3 | Robinhood Markets | 86.77 Bn | 67.81 Bn | - | 42.89% |
| 4 | Nasdaq | 52.58 Bn | 50.01 Bn | 1.50 Bn | 20.02% |
| 5 | Interactive Brokers | 36.48 Bn | 13.59 Bn | - | 16.46% |
| 6 | Cboe Global Markets | 32.16 Bn | 23.82 Bn | 731.60 Mn | 24.38% |
| 7 | LPL Financial Holdings | 25.21 Bn | 20.53 Bn | - | 7.31% |
| 8 | Tradeweb Markets | 24.34 Bn | 16.35 Bn | - | 32.44% |
| 9 | Circle Internet | 20.17 Bn | 14.05 Bn | 288.85 Mn | 6.88% |
| 10 | Piper Sandler Companies | 4.27 Bn | 2.70 Bn | - | 13.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.67% |
| Mar 31, 2026 | 13.73% |
| Dec 31, 2025 | 17.09% |
| Sep 30, 2025 | 12.55% |
| Jun 30, 2025 | 10.59% |
| Mar 31, 2025 | 18.10% |
| Dec 31, 2024 | 14.23% |
| Sep 30, 2024 | 9.64% |
| Jun 30, 2024 | 10.20% |
| Mar 31, 2024 | 12.34% |
| Dec 31, 2023 | 10.97% |
| Sep 30, 2023 | 1.33% |
| Jun 30, 2023 | 1.36% |
| Mar 31, 2023 | 8.53% |
| Dec 31, 2022 | 9.69% |
| Sep 30, 2022 | 4.35% |
| Jun 30, 2022 | 6.03% |
| Mar 31, 2022 | 10.39% |
| Dec 31, 2021 | 17.44% |
| Sep 30, 2021 | 10.20% |
API Access
Piper Sandler Companies Net 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=net-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=PIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();