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

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

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

Piper Sandler Companies' Tax Rate history runs 17 years deep, the most recent figure standing at 22.31% for 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 was 22.31% for Q1 2026 at Piper Sandler Companies, down from 24.26% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 47.0% in Q2 2024 to a low of 296.43% in Q3 2023.
  • Historically, Tax Rate has averaged 0.18% across 5 years, with a median of 24.26% in 2025.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate sank 33965 bps in 2023, then jumped 32381 bps in 2024.
  • A 5-year view of Tax Rate shows it 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 slumped by 33 bps to 24.26% in 2025, then declined by 8 bps to 22.31% in 2026.
  • The last three Tax Rate figures came in at 22.31% (Q1 2026), 24.26% (Q4 2025), and 23.22% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 19.58%
3 Goldman Sachs 317.73 Bn -619.82 Bn - 13.20%
4 Schwab Charles 153.74 Bn 108.77 Bn - 22.24%
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 15.82%
6 Interactive Brokers 38.91 Bn 49.50 Bn - 9.08%
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 26.45%
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 23.03%
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 2.47%
10 Piper Sandler Companies 5.22 Bn 5.09 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%