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Piper Sandler PIPR Total noninterest expense

Total noninterest expense at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
$1.89B+26.1%
Stifel Financial logo
Stifel FinancialSF
$1.15B+7.6%
Raymond James Financial logo
Raymond James FinancialRJF
$3.18B+12.1%
Morgan Stanley logo
Morgan StanleyMS

Other financials

Income statement

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Revenue$495.5M+24.9%
Net income$67.8M+60.8%
EPS (diluted)$0.95+61.0%

Balance sheet

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Cash & equivalents$304.2M+147%
Total debt$175.0M+50.6%
Total equity$1.4B+11.6%
Total assets$2.3B+18.8%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$7.8M-45.2%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.26B-2.5%
Enterprise value$5.13B-4.7%
P/E17.1×-8.4×
P/S2.5×-0.9×

Profitability

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Net margin14.5%+1.3pp
FCF margin18%

Returns & leverage

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Return on equity23.6%+5.7pp
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 source filing: Piper Sandler’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001230245-26-000032
(Amounts in thousands, except per share data)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Restructuring and integration costs4,9984,998
Intangible asset amortization2,0582,1474,1154,223
Other operating expenses10,74310,61732,22718,737
Total non-interest expenses395,080347,854781,558675,693
Income before income tax expense100,43548,924188,36678,357
Income tax expense30,33817,16949,9579,834
Net income70,09731,755138,40968,523
Net income/(loss) attributable to noncontrolling interests2,252(10,427)5,322(38,574)

Item 1. Financial Statements.

FAQ

What is Piper Sandler's total noninterest expense?
Piper Sandler (PIPR) reported total noninterest expense of $395.08M in Q2 2026.
How has Piper Sandler's total noninterest expense changed year-over-year?
Piper Sandler's total noninterest expense increased by 13.6% year-over-year, from $347.85M to $395.08M.
What is the long-term trend for Piper Sandler's total noninterest expense?
Over 4 years (2021 to 2025), Piper Sandler's total noninterest expense has grown at a -1.0% compound annual growth rate (CAGR), from $1.59B to $1.52B.
What does total noninterest expense mean?
This metric represents the aggregate of all operating costs excluding interest expense, including compensation, occupancy, and administrative overhead. It is the primary measure of the firm's overall cost structure and operational discipline.

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