Filing Flows › Piper Sandler Companies (PIPR) › Q2 2026 › vs Q2 2025
Piper Sandler Companies (PIPR) Q2 2026 vs Q2 2025 (year over year)
Piper Sandler Companies's revenue rose $97.7M (+25%) from $399M in Q2 2025 to $496M in Q2 2026. Operating margin 20.2% against 12.3% (+8.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.2% | 12.3% | +8.0 pts |
| Net margin | 13.7% | 10.6% | +3.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $496M | $399M | $97.7M | +25% |
| Operating profit | $100M | $48.9M | $51.5M | +105% |
| Costs & expenses | $396M | $350M | $46.2M | +13% |
| Pre-tax earnings | $100M | $48.9M | $51.5M | +105% |
| Net earnings | $67.8M | $42.2M | $25.7M | +61% |
| Minority interests | $2.3M | −$10.4M | $12.7M | — |
| Income tax | $30.3M | $17.2M | $13.2M | +77% |
| Depreciation & amortization | $6.9M | $6.2M | $715K | +11% |
| Share-based compensation | $28.8M | $21.3M | $7.5M | +35% |
| Working capital & other | $67.3M | $37.5M | $29.8M | +79% |
| Operating cash flow | $36.3M | $32.1M | $4.1M | +13% |
Questions
How much did Piper Sandler Companies's revenue grow year over year in Q2 2026?
Piper Sandler Companies's revenue rose $97.7M (+25%) from $399M in Q2 2025 to $496M in Q2 2026. Operating margin 20.2% against 12.3% (+8.0 pts).