
Piper Sandler Companies
NYSE:PIPR

Income Statement
Earnings Waterfall
Piper Sandler Companies
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-25.5m
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
221m
USD
|
Other Expenses
|
-39.9m
USD
|
Net Income
|
181.1m
USD
|
Income Statement
Piper Sandler Companies
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
673
N/A
|
668
-1%
|
662
-1%
|
651
-2%
|
696
+7%
|
687
-1%
|
694
+1%
|
745
+7%
|
770
+3%
|
816
+6%
|
843
+3%
|
882
+5%
|
844
-4%
|
846
+0%
|
809
-4%
|
774
-4%
|
758
-2%
|
780
+3%
|
788
+1%
|
781
-1%
|
846
+8%
|
902
+7%
|
1 022
+13%
|
1 126
+10%
|
1 253
+11%
|
1 444
+15%
|
1 659
+15%
|
1 800
+9%
|
2 042
+13%
|
1 963
-4%
|
1 806
-8%
|
1 693
-6%
|
1 435
-15%
|
1 383
-4%
|
1 320
-5%
|
1 277
-3%
|
1 358
+6%
|
1 402
+3%
|
1 452
+4%
|
1 520
+5%
|
1 532
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(33)
|
(34)
|
(34)
|
(33)
|
(31)
|
(30)
|
(30)
|
(31)
|
(30)
|
(29)
|
(30)
|
(29)
|
(28)
|
(29)
|
(28)
|
(27)
|
(25)
|
(22)
|
(18)
|
(19)
|
(22)
|
(29)
|
(33)
|
(34)
|
(33)
|
(29)
|
(28)
|
(27)
|
(27)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(30)
|
(30)
|
(30)
|
(29)
|
(28)
|
(27)
|
(26)
|
|
Gross Profit |
641
N/A
|
634
-1%
|
628
-1%
|
618
-2%
|
665
+8%
|
657
-1%
|
664
+1%
|
715
+8%
|
740
+3%
|
787
+6%
|
814
+3%
|
853
+5%
|
816
-4%
|
816
+0%
|
781
-4%
|
746
-4%
|
733
-2%
|
758
+3%
|
769
+1%
|
762
-1%
|
824
+8%
|
873
+6%
|
989
+13%
|
1 093
+10%
|
1 219
+12%
|
1 415
+16%
|
1 631
+15%
|
1 773
+9%
|
2 015
+14%
|
1 937
-4%
|
1 779
-8%
|
1 663
-6%
|
1 405
-15%
|
1 352
-4%
|
1 289
-5%
|
1 247
-3%
|
1 328
+6%
|
1 373
+3%
|
1 424
+4%
|
1 494
+5%
|
1 506
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(530)
|
(525)
|
(524)
|
(531)
|
(568)
|
(581)
|
(604)
|
(645)
|
(677)
|
(712)
|
(729)
|
(755)
|
(736)
|
(709)
|
(685)
|
(655)
|
(657)
|
(667)
|
(659)
|
(653)
|
(691)
|
(795)
|
(928)
|
(1 032)
|
(1 140)
|
(1 220)
|
(1 330)
|
(1 422)
|
(1 568)
|
(1 537)
|
(1 457)
|
(1 393)
|
(1 260)
|
(1 217)
|
(1 175)
|
(1 162)
|
(1 198)
|
(1 224)
|
(1 256)
|
(1 266)
|
(1 285)
|
|
Selling, General & Administrative |
(510)
|
(506)
|
(505)
|
(504)
|
(535)
|
(551)
|
(572)
|
(616)
|
(638)
|
(678)
|
(693)
|
(723)
|
(704)
|
(681)
|
(655)
|
(620)
|
(607)
|
(625)
|
(617)
|
(612)
|
(639)
|
(731)
|
(847)
|
(933)
|
(1 017)
|
(1 113)
|
(1 227)
|
(1 326)
|
(1 460)
|
(1 452)
|
(1 382)
|
(1 326)
|
(1 179)
|
(1 151)
|
(1 099)
|
(1 069)
|
(1 086)
|
(1 127)
|
(1 176)
|
(1 203)
|
(1 207)
|
|
Depreciation & Amortization |
(9)
|
(9)
|
(8)
|
(8)
|
(13)
|
(9)
|
(12)
|
(18)
|
(28)
|
(22)
|
(21)
|
(17)
|
(17)
|
(9)
|
(6)
|
(4)
|
(13)
|
(4)
|
(4)
|
(4)
|
(14)
|
(14)
|
(24)
|
(35)
|
(55)
|
(42)
|
(38)
|
(34)
|
(43)
|
(25)
|
(21)
|
(18)
|
(31)
|
(17)
|
(19)
|
(20)
|
(37)
|
(17)
|
(14)
|
(12)
|
(27)
|
|
Other Operating Expenses |
(11)
|
(11)
|
(10)
|
(20)
|
(20)
|
(21)
|
(20)
|
(11)
|
(12)
|
(12)
|
(14)
|
(15)
|
(15)
|
(19)
|
(24)
|
(31)
|
(37)
|
(38)
|
(38)
|
(37)
|
(38)
|
(51)
|
(57)
|
(65)
|
(68)
|
(65)
|
(65)
|
(62)
|
(65)
|
(59)
|
(53)
|
(48)
|
(50)
|
(48)
|
(58)
|
(73)
|
(75)
|
(80)
|
(66)
|
(51)
|
(51)
|
|
Operating Income |
110
N/A
|
109
-1%
|
104
-4%
|
87
-17%
|
97
+12%
|
76
-22%
|
60
-21%
|
70
+17%
|
62
-12%
|
75
+20%
|
85
+13%
|
99
+16%
|
79
-19%
|
107
+35%
|
96
-11%
|
92
-5%
|
76
-17%
|
91
+20%
|
110
+21%
|
109
-1%
|
133
+22%
|
78
-41%
|
62
-21%
|
61
-1%
|
79
+30%
|
194
+145%
|
301
+55%
|
351
+17%
|
446
+27%
|
400
-10%
|
321
-20%
|
271
-16%
|
146
-46%
|
135
-8%
|
114
-15%
|
85
-25%
|
130
+53%
|
149
+14%
|
168
+13%
|
228
+36%
|
221
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Non-Reccuring Items |
0
|
0
|
0
|
(2)
|
(11)
|
(18)
|
(21)
|
(19)
|
(93)
|
(86)
|
(83)
|
(197)
|
0
|
0
|
(4)
|
111
|
(4)
|
(4)
|
(6)
|
(13)
|
(14)
|
(16)
|
(14)
|
(9)
|
(11)
|
(9)
|
(9)
|
(7)
|
(5)
|
(6)
|
(4)
|
(10)
|
(11)
|
(10)
|
(12)
|
(6)
|
(8)
|
0
|
(5)
|
(6)
|
(3)
|
|
Pre-Tax Income |
110
N/A
|
109
-1%
|
104
-4%
|
86
-18%
|
86
+1%
|
59
-32%
|
39
-33%
|
51
+30%
|
(31)
N/A
|
(12)
+63%
|
2
N/A
|
(99)
N/A
|
79
N/A
|
107
+35%
|
92
-14%
|
202
+119%
|
73
-64%
|
88
+21%
|
104
+18%
|
97
-7%
|
119
+23%
|
62
-48%
|
48
-22%
|
52
+7%
|
69
+32%
|
185
+171%
|
292
+58%
|
343
+17%
|
442
+29%
|
394
-11%
|
317
-20%
|
261
-18%
|
134
-48%
|
125
-7%
|
102
-18%
|
79
-22%
|
123
+54%
|
149
+22%
|
163
+9%
|
222
+36%
|
218
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(36)
|
(36)
|
(35)
|
(28)
|
(28)
|
(19)
|
(11)
|
(16)
|
17
|
18
|
15
|
53
|
(18)
|
(14)
|
(10)
|
(48)
|
(17)
|
(25)
|
(24)
|
(24)
|
(25)
|
(14)
|
(16)
|
(14)
|
(22)
|
(43)
|
(68)
|
(87)
|
(111)
|
(105)
|
(87)
|
(72)
|
(33)
|
(15)
|
(5)
|
(7)
|
(24)
|
(34)
|
(48)
|
(53)
|
(61)
|
|
Income from Continuing Operations |
74
|
73
|
69
|
57
|
59
|
40
|
28
|
35
|
(14)
|
6
|
17
|
(46)
|
62
|
93
|
82
|
154
|
55
|
63
|
80
|
73
|
94
|
47
|
32
|
38
|
47
|
143
|
224
|
256
|
330
|
289
|
230
|
189
|
101
|
110
|
97
|
72
|
99
|
115
|
115
|
170
|
157
|
|
Income to Minority Interest |
(11)
|
(11)
|
(8)
|
(6)
|
(6)
|
(2)
|
(6)
|
(7)
|
(8)
|
(10)
|
(9)
|
(7)
|
(2)
|
1
|
3
|
2
|
1
|
2
|
(8)
|
(5)
|
(7)
|
0
|
8
|
(3)
|
(9)
|
(33)
|
(48)
|
(48)
|
(52)
|
(24)
|
(13)
|
(3)
|
9
|
(10)
|
(15)
|
(1)
|
(13)
|
(13)
|
18
|
(5)
|
24
|
|
Net Income (Common) |
58
N/A
|
58
-1%
|
57
-2%
|
48
-16%
|
48
+1%
|
34
-29%
|
21
-40%
|
25
+20%
|
(22)
N/A
|
(7)
+68%
|
7
N/A
|
(53)
N/A
|
(65)
-24%
|
(32)
+50%
|
(40)
-24%
|
30
N/A
|
50
+68%
|
61
+22%
|
63
+3%
|
86
+37%
|
107
+25%
|
75
-30%
|
67
-10%
|
36
-46%
|
41
+12%
|
105
+159%
|
173
+65%
|
207
+20%
|
279
+34%
|
266
-5%
|
217
-18%
|
186
-14%
|
111
-41%
|
100
-10%
|
82
-17%
|
72
-13%
|
85
+19%
|
102
+20%
|
133
+30%
|
164
+23%
|
181
+10%
|
|
EPS (Diluted) |
3.8
N/A
|
3.93
+3%
|
4.05
+3%
|
3.39
-16%
|
3.34
-1%
|
2.63
-21%
|
1.68
-36%
|
2
+19%
|
-1.73
N/A
|
-0.55
+68%
|
0.5
N/A
|
-4.06
N/A
|
-5.07
-25%
|
-2.41
+52%
|
-2.92
-21%
|
2.2
N/A
|
3.73
+70%
|
4.52
+21%
|
4.3
-5%
|
6.08
+41%
|
7.71
+27%
|
5.41
-30%
|
4.61
-15%
|
2.42
-48%
|
2.71
+12%
|
6.35
+134%
|
10.21
+61%
|
12.15
+19%
|
16.43
+35%
|
15.36
-7%
|
12.84
-16%
|
11.12
-13%
|
6.52
-41%
|
5.8
-11%
|
4.81
-17%
|
4.14
-14%
|
4.96
+20%
|
5.84
+18%
|
7.55
+29%
|
9.23
+22%
|
10.24
+11%
|