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 for Q1 2026 stood at $386.5 million, 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.
• The 5-year median for Operating Expenses is $315.0 million (2022), against an average of $337.4 million.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 27.33% in 2022, then advanced 22.34% in 2025.
• Piper Sandler Companies' Operating Expenses stood at $348.4 million in 2022, then advanced by 10.8% to $386.0 million in 2023, then rose by 4.14% to $402.0 million in 2024, then advanced by 18.73% to $477.3 million in 2025, then fell by 19.03% to $386.5 million in 2026.
• Business Quant data shows PIPR's Operating Expenses at $386.5 million in Q1 2026, $477.3 million in Q4 2025, and $371.8 million in Q3 2025.