Piper Sandler Companies
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.53B | $1.36B | $1.44B | $2.04B | $1.25B | $846.3M | $757.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $374.5M | $218.4M | $122.6M | $134.4M | $441.5M | $68.5M | $119.0M | $72.5M |
| Operating Margin | 19.7% | 14.3% | 9.0% | 9.4% | 21.6% | 5.5% | 14.1% | 9.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $374.5M | $218.4M | $122.6M | $134.4M | $441.5M | $68.5M | $119.0M | $72.5M |
| Income Tax Expense | $80.6M | $61.0M | $23.6M | $33.2M | $111.1M | $19.2M | $24.6M | $18.0M |
| Net Income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M | $40.5M | $111.7M | $57.0M |
| Net Margin | 14.8% | 11.8% | 6.3% | 7.7% | 13.6% | 3.2% | 13.2% | 7.5% |
| EPS (Basic) | $16.89 | $11.44 | $5.72 | $7.92 | $19.52 | $2.94 | $7.90 | $3.78 |
| EPS (Diluted) | $15.82 | $10.24 | $4.96 | $6.52 | $16.43 | $2.72 | $7.69 | $3.72 |
| Shares Outstanding (Basic) | 16.7M | 15.8M | 15.0M | 14.0M | 14.3M | 13.8M | 13.6M | 13.2M |
| Shares Outstanding (Diluted) | 17.8M | 17.7M | 17.2M | 17.0M | 17.0M | 14.9M | 13.9M | 13.4M |
| Dividends Per Share | $5.70 | $3.50 | $3.65 | $6.90 | $6.80 | $2.00 | $2.51 | $3.12 |