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| Date | Value |
|---|---|
| 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% |