# Piper Sandler (PIPR) — Earnings

PIPR · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/pipr/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.04 |
| EPS estimate | $0.88 |
| EPS surprise | +18.86% |
| Revenue surprise | +11.28% |
| Revenue | $495.5M |
| Revenue estimate | $445.3M |
| Reported | Jul 30, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1230245/000123024526000032/pipr-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/51504dd8-61b0-7e17-b311-fd615252c00c.html) |

Piper Sandler reported Q2 2026 results on July 30, 2026. Earnings per share were $1.04, ahead of the $0.88 estimate by 18.86%. Revenue was $495.5 million, about 11.3% above the $445.3 million consensus. Compared with Q2 2025, EPS rose about 41% from $0.74 and revenue rose about 22% from $405.4 million.

Annual EPS went from $2.81 in 2022 to $2.32 in 2023, then rose to $3.17 in 2024 and $4.44 in 2025. Revenue grew about 39% from 2023 to 2025, from $1.33 billion to $1.85 billion. Q4 is usually the strongest quarter: Q4 2025 set the revenue high here at $635.0 million, and Q4 2021 holds the EPS high at $1.96. The low was Q2 2023, at $0.28 per share. The first half of 2026 adds up to $2.04, about 16% more than a year earlier. Piper Sandler beat EPS estimates in 18 of the last 20 quarters; the misses were Q2 2023 and Q3 2024.

Q3 results came between October 25 and October 31 in each of the past five years. That points to late October 2026 for the next report. It will show whether the year-over-year gains of recent quarters carry into the third quarter.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 30, 2026 | $0.88 | $1.04 | 18.86% | $445.3M | $495.5M |
| Q1 2026 | May 1, 2026 | $0.91 | $1.00 | 9.96% | $436.3M | $474.4M |
| Q4 2025 | Feb 6, 2026 | $1.19 | $1.72 | 45.07% | $518.2M | $635.0M |
| Q3 2025 | Oct 31, 2025 | $0.79 | $0.96 | 20.40% | $423.5M | $455.3M |
| Q2 2025 | Aug 1, 2025 | $0.56 | $0.74 | 31.30% | $355.1M | $405.4M |
| Q1 2025 | May 2, 2025 | $0.66 | $1.02 | 54.15% | $363.0M | $357.3M |
| Q4 2024 | Jan 31, 2025 | $0.99 | $1.20 | 21.83% | $454.4M | $484.1M |
| Q3 2024 | Oct 25, 2024 | $0.67 | $0.64 | -3.75% | $368.5M | $351.8M |
| Q2 2024 | Aug 2, 2024 | $0.57 | $0.63 | 11.01% | $338.9M | $356.7M |
| Q1 2024 | Apr 26, 2024 | $0.53 | $0.70 | 31.83% | $315.0M | $333.9M |
| Q4 2023 | Feb 2, 2024 | $0.65 | $1.01 | 54.22% | $370.1M | $457.4M |
| Q3 2023 | Oct 27, 2023 | $0.40 | $0.44 | 10.92% | $298.8M | $306.2M |
| Q2 2023 | Jul 28, 2023 | $0.30 | $0.28 | -4.50% | $274.0M | $277.4M |
| Q1 2023 | May 2, 2023 | $0.40 | $0.59 | 45.35% | $293.8M | $289.2M |
| Q4 2022 | Feb 3, 2023 | $0.62 | $0.83 | 34.64% | $349.9M | $390.9M |
| Q3 2022 | Oct 28, 2022 | $0.51 | $0.58 | 14.15% | $321.6M | $335.4M |
| Q2 2022 | Jul 29, 2022 | $0.57 | $0.62 | 8.56% | $330.5M | $345.6M |
| Q1 2022 | Apr 29, 2022 | $0.62 | $0.78 | 26.71% | $326.3M | $361.8M |
| Q4 2021 | Feb 10, 2022 | $1.30 | $1.96 | 50.33% | $492.2M | $633.7M |
| Q3 2021 | Oct 29, 2021 | $0.91 | $1.14 | 24.77% | $403.9M | $440.3M |

## Frequently Asked Questions

### When did Piper Sandler (PIPR) last report earnings?

Piper Sandler last reported on Jul 30, 2026, covering fiscal Q2 2026.

### Did PIPR beat earnings estimates?

Yes. Piper Sandler reported EPS of $1.04 for Q2 2026 against a $0.88 estimate — a 18.86% beat.

### How much revenue did PIPR report last quarter?

Piper Sandler reported $495.5M in revenue for Q2 2026, against a consensus estimate of $445.3M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).