What is Piper Sandler's compensation and benefits?

Piper Sandler (PIPR) reported compensation and benefits of $127.02M in Q4 2025.

How has Piper Sandler's compensation and benefits changed year-over-year?

Piper Sandler's compensation and benefits increased by 5.9% year-over-year, from $119.92M to $127.02M.

What is the long-term trend for Piper Sandler's compensation and benefits?

Over 5 years (2020 to 2025), Piper Sandler's compensation and benefits has grown at a 10.2% compound annual growth rate (CAGR), from $78.16M to $127.02M.

Piper Sandler PIPR Compensation and benefits

Compensation and benefits at other companies

PNC Financial ServicesPNC

$312M0.0%

Morgan StanleyMS

——

EvercoreEVR

——

Raymond James FinancialRJF

——

CitigroupC

——

Other financials

Income statement

See full

Revenue$474.4M+32.8%

Net income$65.2M+0.5%

EPS (diluted)$0.92+1.1%

Balance sheet

See full

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

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Market cap$5.53B+24.3%

Enterprise value$5.3B+19.3%

P/E19.6×-2.2×

P/S2.7×-0.1×

Profitability

See full

Net margin14%+0.8pp

FCF margin18%—

Returns & leverage

See full

Return on equity22%+4.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Piper Sandler in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits.

The official record: Piper Sandler’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's compensation and benefits?: Piper Sandler (PIPR) reported compensation and benefits of $127.02M in Q4 2025.
How has Piper Sandler's compensation and benefits changed year-over-year?: Piper Sandler's compensation and benefits increased by 5.9% year-over-year, from $119.92M to $127.02M.
What is the long-term trend for Piper Sandler's compensation and benefits?: Over 5 years (2020 to 2025), Piper Sandler's compensation and benefits has grown at a 10.2% compound annual growth rate (CAGR), from $78.16M to $127.02M.