Piper Sandler Companies (PIPR) Operating Expenses (2010 - 2026)

Piper Sandler Companies (PIPR) has reported Operating Expenses for 17 consecutive years, with $386.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses rose 17.89% year-over-year to $386.5 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 17.76% YoY), while the FY2025 annual figure was $1.5 billion, up 16.62% from the prior year.
• Operating Expenses came in at $386.5 million for Q1 2026 at Piper Sandler Companies, down from $477.3 million in the prior quarter.
• The five-year high for Operating Expenses was $477.3 million in Q4 2025, with the low at $272.1 million in Q1 2023.
• Average Operating Expenses over 5 years is $337.4 million, with a median of $315.0 million recorded in 2022.
• Across the five-year window, Operating Expenses declined 27.33% in 2022 and rose 22.34% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $348.4 million in 2022, then rose by 10.8% to $386.0 million in 2023, then grew by 4.14% to $402.0 million in 2024, then rose by 18.73% to $477.3 million in 2025, then dropped by 19.03% to $386.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $386.5 million, $477.3 million, and $371.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.