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Piper Sandler Companies (PIPR) Operating Expenses (2016 - 2025)

Piper Sandler Companies (PIPR) has 16 years of Operating Expenses data on record, last reported at $477.3 million in Q4 2025.

  • For Q4 2025, Operating Expenses rose 18.73% year-over-year to $477.3 million; the TTM value through Dec 2025 reached $1.5 billion, up 16.62%, while the annual FY2025 figure was $1.5 billion, 279.33% up from the prior year.
  • Operating Expenses reached $477.3 million in Q4 2025 per PIPR's latest filing, up from $371.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $479.4 million in Q4 2021 and bottomed at $28.2 million in Q4 2023.
  • Average Operating Expenses over 5 years is $329.0 million, with a median of $321.4 million recorded in 2022.
  • Peak YoY movement for Operating Expenses: tumbled 91.9% in 2023, then surged 1324.24% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $479.4 million in 2021, then fell by 27.33% to $348.4 million in 2022, then crashed by 91.9% to $28.2 million in 2023, then soared by 1324.24% to $402.0 million in 2024, then rose by 18.73% to $477.3 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $477.3 million in Q4 2025, $371.8 million in Q3 2025, and $347.9 million in Q2 2025.