Filing Flows › Piper Sandler Companies (PIPR) › Operating margin
Piper Sandler Companies (PIPR) operating margin by quarter
Piper Sandler Companies' operating margin was 15.0% in Q3 2026 (third quarter 2026), -5.2 pts from Q2 2026. Over the last 7 quarters it ranged from 8.2% (Q1 2025) to 28.3% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 15.0% | -5.2 pts | -7.4 pts |
| Q2 2026 | 20.2% | +1.7 pts | +8.0 pts |
| Q1 2026 | 18.5% | -9.8 pts | +10.3 pts |
| Q4 2025 | 28.3% | +5.9 pts | — |
| Q3 2025 | 22.4% | +10.1 pts | — |
| Q2 2025 | 12.3% | +4.1 pts | — |
| Q1 2025 | 8.2% | — | — |
Q3 2026 at a glance
Piper Sandler Companies, Q3 2026: revenue $444M (-8% year over year), operating margin 15.0%, net earnings $55.4M, operating cash flow $350M. The chart follows the revenue to costs, profit and cash.
Questions
What is Piper Sandler Companies' operating margin?
Piper Sandler Companies' operating margin was 15.0% in Q3 2026 (third quarter 2026), -5.2 pts from Q2 2026.
How has Piper Sandler Companies' operating margin changed?
Over the last 7 quarters it ranged from 8.2% (Q1 2025) to 28.3% (Q4 2025).
Q3 2026 results → · How Piper Sandler Companies makes money →