Piper Sandler Companies (PIPR) Tax Rate (2010 - 2026)
Piper Sandler Companies (PIPR) reported Tax Rate of 30.21% for Q2 2026, down 4.89 percentage points from 35.09% a year earlier but up 7.89 percentage points from the prior quarter.
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Analysis
Piper Sandler Companies (PIPR) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Piper Sandler Companies' Tax Rate came in at 24.91%, down 0.40 percentage points year-over-year; for FY2025, it was 21.51%, down 6.40 percentage points from FY2024.
- Tax Rate has a five-year change of -6.48 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 27.92% in FY2024 (+8.65 pp), 19.26% in FY2023 (-5.44 pp), 24.70% in FY2022 (-0.47 pp) and 25.17% in FY2021 (-2.82 pp).
- Five-year quarterly Tax Rate spans a low of -296.43% in Q3 2023 and a high of 47.00% in Q2 2024.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of +39.90 percentage points.
- The high point for year-over-year Tax Rate in five years was Q3 2024 (a gain of 323.81 percentage points); the low point was Q3 2023 (a drop of 339.65 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 22.31% (Q1 2026), 24.26% (Q4 2025) and 23.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 105.82 Bn | 93.92 Bn | - | 21.53% |
| 2 | Intercontinental Exchange | 89.41 Bn | 83.14 Bn | - | 24.24% |
| 3 | Robinhood Markets | 86.77 Bn | 67.81 Bn | - | 19.18% |
| 4 | Nasdaq | 52.58 Bn | 50.01 Bn | 1.50 Bn | 22.36% |
| 5 | Interactive Brokers | 36.48 Bn | 13.59 Bn | - | 8.10% |
| 6 | Cboe Global Markets | 32.16 Bn | 23.82 Bn | 731.60 Mn | 28.62% |
| 7 | LPL Financial Holdings | 25.21 Bn | 20.53 Bn | - | 26.43% |
| 8 | Tradeweb Markets | 24.34 Bn | 16.35 Bn | - | 23.50% |
| 9 | Circle Internet | 20.17 Bn | 14.05 Bn | 288.85 Mn | 7.84% |
| 10 | Piper Sandler Companies | 4.27 Bn | 2.70 Bn | - | 30.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.21% |
| Mar 31, 2026 | 22.31% |
| Dec 31, 2025 | 24.26% |
| Sep 30, 2025 | 23.22% |
| Jun 30, 2025 | 35.09% |
| Dec 31, 2024 | 36.07% |
| Sep 30, 2024 | 27.38% |
| Jun 30, 2024 | 47.00% |
| Mar 31, 2024 | 5.43% |
| Dec 31, 2023 | 24.78% |
| Dec 31, 2022 | 10.91% |
| Sep 30, 2022 | 43.22% |
| Jun 30, 2022 | 25.26% |
| Mar 31, 2022 | 30.81% |
| Dec 31, 2021 | 25.64% |
| Sep 30, 2021 | 31.06% |
| Jun 30, 2021 | 23.73% |
| Mar 31, 2021 | 20.85% |
| Dec 31, 2020 | 29.20% |
| Sep 30, 2020 | 23.02% |
API Access
Piper Sandler Companies Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=PIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "PIPR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=PIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();