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
DateValue
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%