Piper Sandler Companies (PIPR) Rent Expense (2010 - 2026)
Piper Sandler Companies (PIPR) posted Rent Expense of $16.8 million for Q2 2026, up 22.3% on a QoQ basis from $13.7 million in Q1 2026, and down 19.81% year-over-year from $20.9 million in Q2 2025.
Analysis
Piper Sandler Companies (PIPR) Rent Expense (2010 - 2026) Analysis & Trends
Piper Sandler Companies has reported Rent Expense for 17 years, with the latest figure at $16.8 million in Q2 2026.
- On a quarterly basis, Rent Expense fell 19.81% year-over-year to $16.8 million in Q2 2026; TTM through Jun 2026 was $68.3 million, a 2.64% decrease from a year earlier, with the FY2025 full-year figure at $73.5 million, up 10.4% from the prior year.
- Rent Expense was $16.8 million for Q2 2026 at Piper Sandler Companies, up from $13.7 million in the prior quarter.
- The five-year high for Rent Expense was $20.9 million in Q2 2025, with the low at $13.7 million in Q1 2026.
- Average Rent Expense over 5 years is $16.7 million, with a median of $16.4 million recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Rent Expense advanced 24.84% in 2025, then declined 19.81% in 2026.
- Over 5 years, Rent Expense stood at $17.4 million in 2022, then decreased by 6.29% to $16.3 million in 2023, then increased by 5.87% to $17.3 million in 2024, then grew by 6.25% to $18.3 million in 2025, then retreated by 8.5% to $16.8 million in 2026.
- The last three Rent Expense figures came in at $16.8 million (Q2 2026), $13.7 million (Q1 2026), and $18.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 29.73 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 34.50 Mn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 15.85 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 10.47 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 16.78 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 33.81 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | - |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 5.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.78 Mn |
| Mar 31, 2026 | 13.72 Mn |
| Dec 31, 2025 | 18.33 Mn |
| Sep 30, 2025 | 19.45 Mn |
| Jun 30, 2025 | 20.92 Mn |
| Mar 31, 2025 | 15.47 Mn |
| Dec 31, 2024 | 17.26 Mn |
| Sep 30, 2024 | 16.48 Mn |
| Jun 30, 2024 | 16.76 Mn |
| Mar 31, 2024 | 16.04 Mn |
| Dec 31, 2023 | 16.30 Mn |
| Sep 30, 2023 | 16.31 Mn |
| Jun 30, 2023 | 16.02 Mn |
| Mar 31, 2023 | 15.73 Mn |
| Dec 31, 2022 | 17.40 Mn |
| Sep 30, 2022 | 16.76 Mn |
| Jun 30, 2022 | 15.56 Mn |
| Mar 31, 2022 | 14.54 Mn |
| Dec 31, 2021 | 14.72 Mn |
| Sep 30, 2021 | 14.48 Mn |