Piper Sandler Companies (PIPR) Tax Rate (2010 - 2026)

Piper Sandler Companies (PIPR) posted quarterly Tax Rate of 22.31% for Q1 2026, up 4723.0% year-over-year from 0.46% in Q1 2025, and down 8.04% on a QoQ basis from 24.26% in Q4 2025.

Piper Sandler Companies (PIPR) Tax Rate (2010 - 2026) Analysis & Trends

Piper Sandler Companies (PIPR) has reported Tax Rate for 17 consecutive years, with 22.31% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Tax Rate rose 4723.0% year-over-year to 22.31%; the TTM figure through Mar 2026 stood at 24.83% (down 116.0% YoY), while the FY2025 annual figure was 21.51%, down 640.0% from the prior year.
  • Tax Rate came in at 22.31% for Q1 2026 at Piper Sandler Companies, down from 24.26% in the prior quarter.
  • The five-year high for Tax Rate was 47.0% in Q2 2024, with the low at 296.43% in Q3 2023.
  • Average Tax Rate over 5 years is 0.18%, with a median of 24.26% recorded in 2025.
  • Across the five-year window, Tax Rate slumped 33965 bps in 2023 and jumped 32381 bps in 2024, its largest moves.
  • Year by year, Tax Rate stood at 10.91% in 2022, then jumped by 127 bps to 24.78% in 2023, then surged by 46 bps to 36.07% in 2024, then tumbled by 33 bps to 24.26% in 2025, then decreased by 8 bps to 22.31% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 22.31%, 24.26%, and 23.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 13.20%
3 Schwab Charles 167.21 Bn 122.24 Bn - 22.24%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -16.38%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 15.82%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 26.45%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 23.03%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 2.47%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.46%
10 Piper Sandler Companies 4.90 Bn 4.77 Bn - 22.31%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.31%
Mar 31, 2026 22.31%
Dec 31, 2025 24.26%
Dec 31, 2025 24.26%
Sep 30, 2025 23.22%
Sep 30, 2025 23.22%
Jun 30, 2025 35.09%
Jun 30, 2025 35.09%
Mar 31, 2025 -24.92%
Mar 31, 2025 -24.92%
Dec 31, 2024 36.07%
Dec 31, 2024 36.07%
Sep 30, 2024 27.38%
Sep 30, 2024 27.38%
Jun 30, 2024 47.00%
Jun 30, 2024 47.00%
Mar 31, 2024 5.43%
Mar 31, 2024 5.43%
Dec 31, 2023 24.78%
Dec 31, 2023 24.78%