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Piper Sandler Companies (PIPR) Operating Expenses (2016 - 2025)

Piper Sandler Companies has reported Operating Expenses over the past 16 years, most recently at $477.3 million for Q4 2025.

  • Quarterly results put Operating Expenses at $477.3 million for Q4 2025, up 18.73% from a year ago — trailing twelve months through Dec 2025 was $1.5 billion (up 16.62% YoY), and the annual figure for FY2025 was $1.5 billion, up 16.62%.
  • Operating Expenses for Q4 2025 was $477.3 million at Piper Sandler Companies, up from $371.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for PIPR hit a ceiling of $479.4 million in Q4 2021 and a floor of $272.1 million in Q1 2023.
  • Median Operating Expenses over the past 5 years was $336.8 million (2021), compared with a mean of $346.9 million.
  • Biggest five-year swings in Operating Expenses: surged 42.94% in 2021 and later dropped 27.33% in 2022.
  • Piper Sandler Companies' Operating Expenses stood at $479.4 million in 2021, then dropped by 27.33% to $348.4 million in 2022, then grew by 10.8% to $386.0 million in 2023, then increased by 4.14% to $402.0 million in 2024, then grew by 18.73% to $477.3 million in 2025.
  • The last three reported values for Operating Expenses were $477.3 million (Q4 2025), $371.8 million (Q3 2025), and $347.9 million (Q2 2025) per Business Quant data.