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Piper Sandler PIPR Q1 2026 earnings

Reported May 1, 2026 · Before market open

Revenue$474.4MBeat by $38.1M
EPS$1.00Beat by $0.15
Revenue estimate$436.3M
EPS estimate$0.85

Next report

Jul 30, 2026 (Today)
Revenue estimate$445.3M
EPS estimate$0.88

Financials

Q1 2026

Income statement

See full
Revenue$474.4M+32.8%
Net income$65.2M+0.5%
EPS (diluted)$0.92+1.1%

Balance sheet

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Cash & equivalents$344.4M+173%
Total debt$112.2M-3.0%
Total equity$1.3B+10.6%
Total assets$2.1B+17.0%

Cash flow

See full
Operating cash flow-$291.7M-40.8%
CapEx$2.2M-80.7%
Free cash flow-$293.9M-34.6%

Valuation & ratios

Valuation

as of 07/29/26
See full
Market cap$5.24B+0.6%
Enterprise value$5B-3.7%
P/E18.6×-6.1×
P/S2.6×-0.7×

Profitability

See full
Net margin14%+0.8pp

Returns & leverage

See full
Return on equity22%+4.5pp
Debt / equity0.1×0.0×

Versus estimates

Revenue

Q1 2026$474.4MBeat by $38.1M
Q4 2025$635.0MBeat by $116.8MQ3 2025$462.4MBeat by $38.9MQ2 2025$393.9MMiss by $15.2MQ1 2025$347.9MMiss by $48.3MQ4 2024$468.0MBeat by $90.5M

Diluted EPS

Q1 2026$1.00Beat by $0.15
Q4 2025$1.72Beat by $0.54Q3 2025$3.82Beat by $0.65Q2 2025$2.95Beat by $0.70Q1 2025$4.09Beat by $1.44Q4 2024$4.80Beat by $0.81

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Questions, answered.

When did Piper Sandler report Q1 2026 earnings?
Piper Sandler (PIPR) reported Q1 2026 earnings on May 1, 2026 before market open.
What were Piper Sandler's Q1 2026 revenue and EPS?
Piper Sandler reported revenue of $474.4M and eps of $1.00 for Q1 2026.
Did Piper Sandler beat estimates in Q1 2026?
Revenue beat the consensus estimate of $436.3M by $38.1M. EPS beat the consensus estimate of $0.85 by $0.15.
How did Piper Sandler's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 36.4% from $347.9M a year earlier and eps declined 75.6% from $4.09.
Where can I find Piper Sandler's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001230245-26-000019) and the 10-Q periodic report (0001230245-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.