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Piper Sandler PIPR Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Investment banking by Business
Advisory services$250.96M-37.7%$402.59M+89.6%$212.37M+3.0%$206.2M-4.9%$216.8M-22.5%
Corporate financing$73.32M+9.9%$66.74M-16.3%$79.72M+128%$34.98M+5.8%$33.06M-37.3%
Municipal financing$23.91M-38.6%$38.94M+1.1%$38.5M-8.1%$41.91M+58.7%$26.4M-35.6%

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Questions, answered.

How does Piper Sandler break its business down?
Piper Sandler (PIPR) reports investment banking by business across 3 parts — Advisory services, Corporate financing and Municipal financing. Each is extracted from the segment footnotes and tracked over time.
Where does Piper Sandler's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Piper Sandler's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.