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

Piper Sandler Companies' Operating Expenses history runs 17 years deep, the most recent figure standing at $386.5 million for 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 was $386.5 million for Q1 2026 at Piper Sandler Companies, down from $477.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $477.3 million in Q4 2025 to a low of $272.1 million in Q1 2023.
• Historically, Operating Expenses has averaged $337.4 million across 5 years, with a median of $315.0 million in 2022.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses decreased 27.33% in 2022, then climbed 22.34% in 2025.
• A 5-year view of Operating Expenses shows it stood at $348.4 million in 2022, then climbed by 10.8% to $386.0 million in 2023, then gained by 4.14% to $402.0 million in 2024, then climbed by 18.73% to $477.3 million in 2025, then retreated by 19.03% to $386.5 million in 2026.
• The last three Operating Expenses figures came in at $386.5 million (Q1 2026), $477.3 million (Q4 2025), and $371.8 million (Q3 2025), per Business Quant data.