Filing Flows › Piper Sandler Companies (PIPR) › How it makes money
How Piper Sandler Companies (PIPR) makes money
Piper Sandler Companies (PIPR) made $444M of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $444M | 100.0% |
| Operating profit | $66.6M | 15.0% |
| Income tax | $26.5M | 6.0% |
| Net earnings | $55.4M | 12.5% |
| Operating cash flow | $350M | 78.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $444M | -8% |
| Q2 2026 | $496M | +24% |
| Q1 2026 | $475M | +32% |
| Q4 2025 | $667M | +37% |
| Q3 2025 | $480M | +33% |
| Q2 2025 | $399M | +17% |
| Q1 2025 | $359M | +4% |
From Piper Sandler Companies' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Piper Sandler Companies make money?
Piper Sandler Companies (PIPR) made $444M of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.
What is Piper Sandler Companies' profit margin?
Net earnings were $55.4M, 12.5% of revenue, in the third quarter 2026; the operating margin was 15.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.