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

Piper Sandler Companies has reported Operating Expenses for 17 years, with the latest figure at $395.1 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 13.58% year-over-year to $395.1 million in Q2 2026; TTM through Jun 2026 was $1.6 billion, a 18.03% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 16.62% from the prior year.
• Operating Expenses was $395.1 million for Q2 2026 at Piper Sandler Companies, up from $386.5 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 $340.6 million, with a median of $321.4 million recorded in 2022.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses slipped 27.33% in 2022, then grew 22.34% in 2025.
• Over 5 years, Operating Expenses stood at $348.4 million in 2022, then grew by 10.8% to $386.0 million in 2023, then advanced by 4.14% to $402.0 million in 2024, then grew by 18.73% to $477.3 million in 2025, then dropped by 17.22% to $395.1 million in 2026.
• The last three Operating Expenses figures came in at $395.1 million (Q2 2026), $386.5 million (Q1 2026), and $477.3 million (Q4 2025), per Business Quant data.