Skip to content

Piper Sandler PIPR Municipal financing — Investment banking

Other segment segments

Advisory services
$250.96M+15.8%
Corporate financing
$73.32M+122%

Similar metrics at other companies

Morgan Stanley logo
MSInvestment banking
$2.29B+33.8%
Stifel Financial logo
SFInvestment Banking Revenues
$341.41M+43.5%
Stifel Financial logo
SFCapital Raising — Investment Banking Revenue
$122.97M+22.4%
Morgan Stanley logo
MSInvestment Management — Investment banking
$0
Raymond James Financial logo
RJFTotal investment banking — Revenue
$279M+29.2%
JPMorgan Chase logo
JPMInvestment banking fees
$2.86B+31.2%

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

See full
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:InvestmentBankingRevenue.

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

Ask your AI about Piper Sandler's municipal financing — investment banking.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Piper Sandler's municipal financing — investment banking?
Piper Sandler (PIPR) reported municipal financing — investment banking of $23.91M in Q1 2026.
How has Piper Sandler's municipal financing — investment banking changed year-over-year?
Piper Sandler's municipal financing — investment banking decreased by 9.4% year-over-year, from $26.4M to $23.91M.
What is the long-term trend for Piper Sandler's municipal financing — investment banking?
Over 4 years (2021 to 2025), Piper Sandler's municipal financing — investment banking has grown at a -2.9% compound annual growth rate (CAGR), from $164.28M to $145.75M.
What does municipal financing — investment banking mean?
This metric represents the total investment banking revenue generated specifically from municipal financing activities, including the underwriting and issuance of debt securities for public sector entities. It reflects the firm's ability to capture market share in public finance and provide capital-raising solutions to government and municipal clients. Monitoring this revenue stream helps assess the firm's exposure to public sector infrastructure spending and interest rate environments affecting municipal bond issuance.