Filing Flows › Piper Sandler Companies (PIPR) › Q2 2026 › vs Q1 2026
Piper Sandler Companies (PIPR) Q2 2026 vs Q1 2026 (quarter over quarter)
Piper Sandler Companies's revenue rose $21.1M (+4%) from $475M in Q1 2026 to $496M in Q2 2026. Operating margin 20.2% against 18.5% (+1.7 pts).
Piper Sandler Companies, Q2 2026: revenue $496M (+24% year over year), operating margin 20.2%, net earnings $67.8M, operating cash flow $36.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.2% | 18.5% | +1.7 pts |
| Net margin | 13.7% | 13.7% | -0.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $496M | $475M | $21.1M | +4% |
| Operating profit | $100M | $87.9M | $12.5M | +14% |
| Costs & expenses | $396M | $387M | $8.6M | +2% |
| Pre-tax earnings | $100M | $87.9M | $12.5M | +14% |
| Net earnings | $67.8M | $65.2M | $2.6M | +4% |
| Minority interests | $2.3M | $3.1M | −$818K | -27% |
| Income tax | $30.3M | $19.6M | $10.7M | +55% |
| Depreciation & amortization | $6.9M | $6.8M | $152K | +2% |
| Share-based compensation | $28.8M | $28.0M | $748K | +3% |
| Working capital & other | $67.3M | $392M | −$324M | -83% |
| Operating cash flow | $36.3M | −$292M | $328M | — |
Questions
How much did Piper Sandler Companies's revenue grow quarter over quarter in Q2 2026?
Piper Sandler Companies's revenue rose $21.1M (+4%) from $475M in Q1 2026 to $496M in Q2 2026. Operating margin 20.2% against 18.5% (+1.7 pts).