NYSE$PIPR
Piper Sandler Companies · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Piper Sandler reported Q4 2025 net revenues of $666M with diluted EPS of $6.40.
Record fourth-quarter net revenues of $666.1 million rose 38% year over year on strong advisory and investment banking activity. Net income was $114.0 million, or $6.40 per diluted share, with adjusted EPS of $6.88. The firm declared a $5.00 special dividend for fiscal 2025.
- Q4 net revenues $666M (+38% YoY).
- Advisory revenues $402.6M (+44% YoY).
- Diluted EPS $6.40; adjusted EPS $6.88.
- Special dividend $5.00 per share for FY25.
Headline financials
Revenue & EPS history
Piper Sandler · Revenue · Quarterly
$666M
Forward guidance
The filing outlines Piper Sandler's outlook, including operating priorities, capital allocation, and key risks, with specific numeric guidance where management provided it.
Tailwinds
- Piper Sandler cites execution on growth initiatives and balance-sheet flexibility.
- Management emphasizes capital returns and operational priorities in the filing.
Headwinds
- Macro, pricing, and competitive pressure may affect margins.
- One-time items and segment mix can affect quarter-to-quarter comparability.
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 Q4 2025
+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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