Piper Sandler (PIPR)
NYSE:PIPR
Want to see PIPR full AI Analyst Report?
Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.86Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 01, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial highlights — double-digit revenue growth, record advisory and corporate banking results, margin expansion, robust capital returns, and platform/talent investments — offset by some near-term headwinds including an $8.5M litigation charge, declines in municipal financing, fixed income softness due to market volatility, and guidance that corporate financing and brokerage revenues may moderate in Q2. Management emphasized resilience, a diversified revenue base, and ongoing investment in strategic areas while cautioning that transaction timing is sensitive to market conditions.Company Guidance
Strong Overall Revenue and Profit Growth
Net (adjusted) revenues of $470M in Q1 2026, up 22% year-over-year; operating income of $94M and operating margin of 20%; net income $72M and diluted adjusted EPS of $1. This was the tenth consecutive quarter of year-over-year revenue growth.
Record Corporate Investment Banking Performance
Corporate Investment Banking revenues of $324M, a first-quarter record and up 30% year-over-year, driven by robust corporate financing activity and advisory contributions.
Advisory Revenues at an All-Time High
Advisory revenues were a first-quarter record of $251M, up 16% year-over-year. Firm ranked #1 adviser in U.S. bank M&A by deal value (quarter), #2 in U.S. M&A by announced deals under $2B, and #3 under $5B; #1 adviser in U.S. medtech M&A by announced deals.
Corporate Financing and Equity Underwriting Surge
Corporate Financing revenues of $73M, up 122% year-over-year; equity underwriting fee pool up 73% year-over-year. Completed 36 equity, debt and preferred financings raising $14B for clients, with Healthcare leading issuance.
Strong Brokerage and Trading Results
Equity Brokerage delivered record Q1 revenues of $60M, up 11% year-over-year driven by higher volatility and increased hedging activity; Fixed Income revenues of $50M, up 6% year-over-year (despite late-quarter volatility).
Margin Expansion and Cost Discipline
Operating income grew 37% year-over-year, outpacing revenue growth (22%). Compensation ratio improved to 61.6% (90 bps improvement year-over-year). Non-compensation expenses (ex-litigation) increased 4% y/y and were 16.6% of net revenues, a 300 bps improvement.
Capital Return and Shareholder Actions
Returned $171M to shareholders in Q1 (dividends $101M / $1.45 per share including special dividend; share repurchases ~$70M for ~884k shares). Board approved a quarterly dividend of $0.20 per share, a 14% increase. Completed a 4-for-1 forward stock split.
Talent and Platform Expansion
Reached 192 investment banking Managing Directors (firm high); promoted 6 bankers and hired 3 MDs to strengthen Healthcare, IT, European Life Sciences and Upstream Energy capabilities. Private Capital Advisory and Debt Capital Markets Advisory showing positive momentum.
PIPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PIPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $87.20 | $79.42 | -8.92% |
Feb 06, 2026 | $81.35 | $89.39 | +9.88% |
Oct 31, 2025 | $80.07 | $78.15 | -2.40% |
Aug 01, 2025 | $77.03 | $76.12 | -1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Piper Sandler (PIPR) report earnings?
Piper Sandler (PIPR) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Piper Sandler (PIPR) earnings time?
Piper Sandler (PIPR) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PIPR EPS forecast?
PIPR EPS forecast for the fiscal quarter 2026 (Q2) is 0.86.