NYSE$PIPR
Piper Sandler Companies · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Piper Sandler reported Q1 2026 net revenues of $474.4M and net income of $68.3M, with diluted EPS of $1.43.
Piper Sandler net revenues increased 33% to $474.4 million on strong investment banking and equities activity. Pre-tax income was $87.9 million; net income was $68.3 million, or $1.43 per diluted share, versus $36.8 million and $0.76. Compensation ratio remained elevated at 62% of revenues.
- Net revenues $474.4M (+33% YoY).
- Investment banking $348.2M.
- Net income $68.3M; diluted EPS $1.43.
- Pre-tax margin expansion on higher fee revenue.
- Middle-market franchise positioning cited in MD&A.
Headline financials
Revenue & EPS history
Piper Sandler · Revenue · Quarterly
$475M
Forward guidance
Capital markets outlook discusses backlog and recruiting without formal EPS guidance.
Tailwinds
- Record quarterly net revenues and earnings.
- Strong advisory and equity underwriting calendar.
Headwinds
- Compensation expense scales with revenue.
- Deal activity cyclicality.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.4%
Avg return
30 days after
50%
15 / 30 earnings
Positive
+9.9%
Q4 2025
Best reaction
-8.9%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.9% | -7.6% | -10.1% | |
| Q4 2025 | +9.9% | +3.0% | -11.5% | |
| Q3 2025 | -2.4% | +2.5% | +2.7% | |
| Q1 2025 | +3.7% | +2.9% | +3.6% | |
| Q3 2024 | -3.3% | -2.8% | -4.0% | |
| Q2 2024 | +1.9% | +8.5% | +11.1% | |
| Q1 2024 | +1.2% | +1.2% | -1.6% | |
| Q3 2023 | +1.7% | -0.5% | +10.8% | |
| Q2 2023 | -1.2% | +1.6% | +1.0% | |
| Q1 2023 | -1.1% | +0.5% | +4.1% | |
| Q3 2022 | +3.2% | +5.9% | +12.2% | |
| Q2 2022 | -2.1% | +1.0% | -8.1% | |
| Q1 2022 | +0.3% | -3.8% | +2.1% | |
| Q3 2021 | -0.2% | +0.3% | -5.4% | |
| Q2 2021 | +3.6% | +7.5% | +10.0% | |
| Q1 2021 | +0.4% | +1.6% | +7.4% | |
| Q3 2020 | +2.0% | +10.4% | +14.0% | |
| Q2 2020 | -0.9% | +5.7% | +11.1% | |
| Q1 2020 | +2.8% | +0.0% | +36.0% | |
| Q3 2019 | -0.2% | -2.0% | +1.0% | |
| Q2 2019 | -0.7% | -3.9% | -3.7% | |
| Q1 2019 | -1.6% | -3.7% | -9.8% | |
| Q3 2018 | -0.0% | +3.2% | -6.0% | |
| Q2 2018 | -0.1% | -1.0% | -3.4% | |
| Q1 2018 | +2.0% | +5.2% | +5.8% | |
| Q3 2017 | +0.1% | +2.2% | +10.0% | |
| Q2 2017 | +2.2% | -7.2% | -10.0% | |
| Q1 2017 | -0.6% | -2.0% | +0.7% | |
| Q3 2016 | -0.6% | -1.4% | +25.9% | |
| Q2 2016 | +3.4% | +5.1% | +7.6% |
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