What is Piper Sandler's noninterest expense?

Piper Sandler (PIPR) reported noninterest expense of $386.48M in Q1 2026.

How has Piper Sandler's noninterest expense changed year-over-year?

Piper Sandler's noninterest expense increased by 17.9% year-over-year, from $327.84M to $386.48M.

What is the long-term trend for Piper Sandler's noninterest expense?

Over 4 years (2021 to 2025), Piper Sandler's noninterest expense has grown at a -1.0% compound annual growth rate (CAGR), from $1.59B to $1.52B.

Piper Sandler PIPR Noninterest Expense

Noninterest Expense at other companies

Morgan StanleyMS

$13.47B+11.7%

PNC Financial ServicesPNC

$3.77B+11.2%

Jefferies Financial GroupJEF

——

Stifel FinancialSF

——

Goldman Sachs GroupGS

——

Raymond James FinancialRJF

——

Other financials

Income statement

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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

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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

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Net margin14%+0.8pp

FCF margin18%—

Returns & leverage

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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:NoninterestExpense.

The official record: Piper Sandler’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's noninterest expense?: Piper Sandler (PIPR) reported noninterest expense of $386.48M in Q1 2026.
How has Piper Sandler's noninterest expense changed year-over-year?: Piper Sandler's noninterest expense increased by 17.9% year-over-year, from $327.84M to $386.48M.
What is the long-term trend for Piper Sandler's noninterest expense?: Over 4 years (2021 to 2025), Piper Sandler's noninterest expense has grown at a -1.0% compound annual growth rate (CAGR), from $1.59B to $1.52B.