Piper Sandler Companies annual operating expenses
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Piper Sandler Companies Operating Expenses Growth & History (PIPR)
Piper Sandler Companies's operating expenses was $1.52B for fiscal 2025.
View full Piper Sandler Companies company overviewPiper Sandler Companies annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.52B | $217.3M | +16.62% |
| 2024 | 2024-12-31 | $1.31B | $82.1M | +6.70% |
| 2023 | 2023-12-31 | $1.23B | −$65.9M | −5.10% |
| 2022 | 2022-12-31 | $1.29B | −$298.3M | −18.77% |
| 2021 | 2021-12-31 | $1.59B | $419.9M | +35.90% |
| 2020 | 2020-12-31 | $1.17B | $454.1M | +63.46% |
| 2019 | 2019-12-31 | $715.6M | $47.1M | +7.05% |
| 2018 | 2018-12-31 | $668.5M | −$75.8M | −10.19% |
| 2017 | 2017-12-31 | $744.3M | −$33.9M | −4.36% |
| 2016 | 2016-12-31 | $778.2M | $191.7M | +32.69% |
| 2015 | 2015-12-31 | $586.5M | $48.7M | +9.05% |
| 2014 | 2014-12-31 | $537.8M | $88.2M | +19.63% |
| 2013 | 2013-12-31 | $449.6M | $29.6M | +7.06% |
| 2012 | 2012-12-31 | $419.9M | −$92.3M | −18.02% |
| 2011 | 2011-12-31 | $512.3M | $86.2M | +20.22% |
| 2010 | 2010-12-31 | $426.1M | $13.9M | +3.38% |
| 2009 | 2009-12-31 | $412.2M | −$137.8M | −25.06% |
| 2008 | 2008-12-31 | $550.0M | — | — |
Piper Sandler Companies quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $395.1M | $47.2M | +13.58% |
| Q1 2026 | 2026-03-31 | $386.5M | $58.6M | +17.89% |
| Q4 2025 | 2025-12-31 | $477.3M | $75.3M | +18.73% |
| Q3 2025 | 2025-09-30 | $371.8M | $67.9M | +22.34% |
| Q2 2025 | 2025-06-30 | $347.9M | $36.9M | +11.87% |
| Q1 2025 | 2025-03-31 | $327.8M | $37.2M | +12.80% |
| Q4 2024 | 2024-12-31 | $402.0M | $16.0M | +4.14% |
| Q3 2024 | 2024-09-30 | $304.0M | $11.0M | +3.76% |
| Q2 2024 | 2024-06-30 | $310.9M | $36.6M | +13.34% |
| Q1 2024 | 2024-03-31 | $290.6M | $18.5M | +6.81% |
| Q4 2023 | 2023-12-31 | $386.0M | $37.6M | +10.80% |
| Q3 2023 | 2023-09-30 | $292.9M | −$19.9M | −6.37% |
| Q2 2023 | 2023-06-30 | $274.3M | −$40.7M | −12.91% |
| Q1 2023 | 2023-03-31 | $272.1M | −$42.9M | −13.62% |
| Q4 2022 | 2022-12-31 | $348.4M | −$131.0M | −27.33% |
| Q3 2022 | 2022-09-30 | $312.9M | −$57.0M | −15.41% |
| Q2 2022 | 2022-06-30 | $315.0M | −$79.6M | −20.16% |
| Q1 2022 | 2022-03-31 | $315.0M | −$30.7M | −8.89% |
| Q4 2021 | 2021-12-31 | $479.4M | $144.0M | +42.94% |
| Q3 2021 | 2021-09-30 | $369.9M | $90.8M | +32.53% |
| Q2 2021 | 2021-06-30 | $394.6M | $109.5M | +38.43% |
| Q1 2021 | 2021-03-31 | $345.7M | $75.5M | +27.96% |
| Q4 2020 | 2020-12-31 | $335.4M | $110.4M | +49.05% |
| Q3 2020 | 2020-09-30 | $279.1M | $99.4M | +55.30% |
| Q2 2020 | 2020-06-30 | $285.0M | $133.5M | +88.15% |
| Q1 2020 | 2020-03-31 | $270.2M | $110.8M | +69.50% |
| Q4 2019 | 2019-12-31 | $225.0M | $41.9M | +22.89% |
| Q3 2019 | 2019-09-30 | $179.7M | $1.5M | +0.86% |
| Q2 2019 | 2019-06-30 | $151.5M | −$6.0M | −3.80% |
| Q1 2019 | 2019-03-31 | $159.4M | $9.7M | +6.45% |
| Q4 2018 | 2018-12-31 | $183.1M | −$42.8M | −18.93% |
| Q3 2018 | 2018-09-30 | $178.2M | −$144.6M | −44.81% |
| Q2 2018 | 2018-06-30 | $157.5M | −$20.4M | −11.47% |
| Q1 2018 | 2018-03-31 | $149.7M | −$28.0M | −15.74% |
| Q4 2017 | 2017-12-31 | $225.8M | −$55.9M | −19.84% |
| Q3 2017 | 2017-09-30 | $322.8M | $140.4M | +76.98% |
| Q2 2017 | 2017-06-30 | $177.9M | $13.9M | +8.48% |
| Q1 2017 | 2017-03-31 | $177.7M | $27.6M | +18.39% |
| Q4 2016 | 2016-12-31 | $281.7M | $106.9M | +61.10% |
| Q3 2016 | 2016-09-30 | $182.4M | $39.6M | +27.70% |
| Q2 2016 | 2016-06-30 | $164.0M | $25.8M | +18.64% |
| Q1 2016 | 2016-03-31 | $150.1M | $19.5M | +14.96% |
| Q4 2015 | 2015-12-31 | $174.9M | $45.8M | +35.50% |
| Q3 2015 | 2015-09-30 | $142.8M | $9.1M | +6.80% |
| Q2 2015 | 2015-06-30 | $138.2M | −$1.4M | −1.01% |
| Q1 2015 | 2015-03-31 | $130.6M | −$4.8M | −3.57% |
| Q4 2014 | 2014-12-31 | $129.1M | −$16.5M | −11.31% |
| Q3 2014 | 2014-09-30 | $133.7M | $17.5M | +15.04% |
| Q2 2014 | 2014-06-30 | $139.6M | $43.2M | +44.77% |
| Q1 2014 | 2014-03-31 | $135.4M | $44.1M | +48.22% |
| Q4 2013 | 2013-12-31 | $145.5M | $27.4M | +23.19% |
| Q3 2013 | 2013-09-30 | $116.3M | $10.1M | +9.52% |
| Q2 2013 | 2013-06-30 | $96.4M | −$1.0M | −1.03% |
| Q1 2013 | 2013-03-31 | $91.4M | −$6.9M | −6.98% |
| Q4 2012 | 2012-12-31 | $118.1M | −$99.7M | −45.78% |
| Q3 2012 | 2012-09-30 | $106.2M | $15.4M | +17.00% |
| Q2 2012 | 2012-06-30 | $97.4M | −$18.3M | −15.80% |
| Q1 2012 | 2012-03-31 | $98.2M | −$15.0M | −13.27% |
| Q4 2011 | 2011-12-31 | $217.9M | $64.7M | +42.20% |
| Q3 2011 | 2011-09-30 | $90.7M | −$12.4M | −12.06% |
| Q2 2011 | 2011-06-30 | $115.7M | −$162,000 | −0.14% |
| Q1 2011 | 2011-03-31 | $113.2M | $12.7M | +12.67% |
| Q4 2010 | 2010-12-31 | $153.2M | — | — |
| Q3 2010 | 2010-09-30 | $103.2M | −$914,000 | −0.88% |
| Q2 2010 | 2010-06-30 | $115.9M | $2.0M | +1.77% |
| Q1 2010 | 2010-03-31 | $100.5M | — | — |
| Q3 2009 | 2009-09-30 | $104.1M | — | — |
| Q2 2009 | 2009-06-30 | $113.9M | — | — |
Piper Sandler Companies operating expenses trends
Over the last five fiscal years, Piper Sandler Companies's operating expenses increased from $1.17B to $1.52B, a change of $355.2M. The latest reported quarter, Q2 2026, shows $395.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Piper Sandler Companies source filings ↗