Piper Sandler Companies (PIPR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
PIPR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PIPR Revenue Analysis (2013–2024)
As of February 28, 2026, Piper Sandler Companies (PIPR) generated trailing twelve-month (TTM) revenue of $1.67 billion, reflecting explosive growth of +32.2% year-over-year. The most recent quarter (Q3 2025) recorded $462.4 million in revenue, up 17.4% sequentially.
Looking at the longer-term picture, PIPR's 5-year compound annual growth rate (CAGR) stands at +12.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.98 billion in 2021.
Revenue diversification analysis shows PIPR's business is primarily driven by Advisory Services (54%), Equity Sales and Trading (14%), and Fixed Income Sales and Trading (12%). With over half of revenue concentrated in Advisory Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including GS, MS, and EVR. Compare PIPR vs GS →
Peer Comparison
Compare PIPR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PIPRCurrent | $1.7B | +32.2% | +12.8% | 14.7% | |
| GS | $126.9B | - | - | 14.5% | |
| MS | $103.1B | - | - | 17.1% | |
| EVR | $3.0B | - | - | 17.8% | |
| NMR | $4.51T | - | - | 10.5% | |
| JEF | $10.8B | - | - | 6.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.48B | - | $1.48B | 99.6% | $218.4M | 14.7% |
| 2023 | $1.31B | - | $1.30B | 99.2% | $122.6M | 9.4% |
| 2022 | $1.38B | - | $1.37B | 99.3% | $134.4M | 9.7% |
| 2021 | $1.98B | - | $1.97B | 99.5% | $441.5M | 22.3% |
| 2020 | $1.20B | - | $1.18B | 98.8% | $68.5M | 5.7% |
| 2019 | $810.3M | - | $798.6M | 98.6% | $119.0M | 14.7% |
| 2018 | $724.4M | - | $707.8M | 97.7% | $72.5M | 10.0% |
| 2017 | $835.7M | - | $815.5M | 97.6% | $79.3M | 9.5% |
| 2016 | $762.2M | - | $739.7M | 97.0% | $-30,874,000 | -4.1% |
| 2015 | $688.5M | - | $665.1M | 96.6% | $86.4M | 12.6% |
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Start ComparisonFrequently Asked Questions
Is PIPR's revenue growth accelerating or slowing?
PIPR revenue is accelerating at +32.2% year-over-year, exceeding the 5-year CAGR of +12.8%. TTM revenue reached $1.7B. Growth momentum has increased versus prior periods.
What is PIPR's long-term revenue growth rate?
Piper Sandler Companies's 5-year revenue CAGR of +12.8% reflects the sustained expansion pattern. Current YoY growth of +32.2% is above this long-term average.
How is PIPR's revenue distributed by segment?
PIPR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.