Piper Sandler Companies (PIPR) Net Margin (2010 - 2026)
Piper Sandler Companies (PIPR) posted quarterly Net Margin of 14.38% for Q1 2026, up 409.0% year-over-year from 2.82% in Q1 2025, and down 33.02% on a QoQ basis from 21.46% in Q4 2025.
Piper Sandler Companies (PIPR) Net Margin (2010 - 2026) Analysis & Trends
Piper Sandler Companies (PIPR) has reported Net Margin for 17 consecutive years, with 14.38% the latest figure, recorded in 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 came in at 14.38% for Q1 2026 at Piper Sandler Companies, down from 21.46% in the prior quarter.
- The five-year high for Net Margin was 21.46% in Q4 2025, with the low at 4.68% in Q3 2023.
- Average Net Margin over 5 years is 9.72%, with a median of 10.29% recorded in 2025.
- Across the five-year window, Net Margin sank 792 bps in 2023 and soared 1587 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 9.66% in 2022, then surged by 41 bps to 13.62% in 2023, then dropped by 20 bps to 10.85% in 2024, then jumped by 98 bps to 21.46% in 2025, then sank by 33 bps to 14.38% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 14.38%, 21.46%, and 17.21% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 26.29% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 31.36% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 36.98% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 32.80% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 7.22% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 37.74% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 132.82% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -171.16% |
| 10 | Piper Sandler Companies | 4.90 Bn | 4.77 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% |