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

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Piper Sandler Companies was $1.63 billion, up 18.0% year-over-year; for FY2025, it was $1.52 billion, up 16.6% from FY2024.

• Annual Operating Expenses shows a five-year compound annual growth rate of 5.4% (FY2020 to FY2025).
• In prior years, Piper Sandler Companies' Operating Expenses was $1.31 billion in FY2024 (+6.7%), $1.23 billion in FY2023 (-5.1%), $1.29 billion in FY2022 (-18.8%) and $1.59 billion in FY2021 (+35.9%).
• Quarterly Operating Expenses has run from a low of $272.1 million in Q1 2023 to a high of $479.37 million in Q4 2021 over five years.
• On a year-over-year basis, Operating Expenses has increased in each of the last 11 quarters, with growth averaging 13.1% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2021, with growth of 42.9%; the weakest was Q4 2022, with a decline of 27.3%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $386.48 million (Q1 2026), $477.29 million (Q4 2025) and $371.85 million (Q3 2025).