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Piper Sandler PIPR Equity brokerage — Institutional brokerage

Other segment segments

Fixed income services
$50.38M+5.7%

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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 pipr:InstitutionalBrokerageRevenue.

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 equity brokerage — institutional brokerage?
Piper Sandler (PIPR) reported equity brokerage — institutional brokerage of $60.47M in Q1 2026.
How has Piper Sandler's equity brokerage — institutional brokerage changed year-over-year?
Piper Sandler's equity brokerage — institutional brokerage increased by 11.5% year-over-year, from $54.25M to $60.47M.
What is the long-term trend for Piper Sandler's equity brokerage — institutional brokerage?
Over 2 years (2023 to 2025), Piper Sandler's equity brokerage — institutional brokerage has grown at a 4.8% compound annual growth rate (CAGR), from $209.51M to $230.27M.
What does equity brokerage — institutional brokerage mean?
This metric represents the revenue generated from institutional equity brokerage services, including the execution of trades and provision of liquidity for institutional clients. It reflects the firm's ability to capture market share in secondary market trading activities and serves as a key indicator of client engagement within the institutional equities division. Growth in this area typically correlates with increased trading volumes and the firm's competitive positioning in equity capital markets.