Piper Sandler 3Q 2026: Revenue $443.65M, EPS $0.78 — 10-Q Summary
קריאה של פחות מדקה
Piper Sandler's third-quarter revenue and net income attributable to the company declined year over year. Investment banking was nearly flat as advisory growth was offset by fewer corporate financings and weaker municipal issuance; an investment loss, primarily from lower public-company valuations in managed funds, weighed on results. Fixed income brokerage and advisory fees increased.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $443.65M | $480.09M | (7.6%) |
| Net income² | $55.42M | $60.27M | (8%) |
| Diluted EPS³ | $0.78 | $0.85 | (8.2%) |
¹ Reported as “Total revenues”. ² Reported as “Net income attributable to Piper Sandler Companies”. ³ Reported as “Diluted”.
Business Highlights
- Advisory: Revenue rose 18.3% to $250.3M, driven primarily by a higher average fee.
- Corporate financing: Revenue fell 28.6% to $56.6M, reflecting fewer completed financings.
- Municipal financing: Revenue declined 35.6% to $24.8M as higher rates weighed on negotiated issuance.
- Institutional brokerage: Revenue increased 3.2% to $114.3M; fixed income services rose 4.9% as elevated rates drove client activity.
- Outlook: Advisory services revenue in 4Q 2026 is expected to be the year's strongest quarter, but below 4Q 2025.
Original SEC Filing: PIPER SANDLER COMPANIES [ PIPR ] - 10-Q - Nov. 05, 2026
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