Piper Sandler Q2 net revenues rise 17% to $397 million; diluted EPS $2.38
Piper Sandler reported second-quarter 2025 net revenues of $397 million, up 17% from a year earlier but up 11% from the first quarter. Net income attributable to the company was $42 million, or $2.38 per diluted share, up 21% year over year but down 35% from the first quarter, which included a $25.4 million tax benefit. The company also raised its quarterly dividend to $0.70 per share from $0.65 and announced a pending acquisition of G Squared Capital Partners.
Key points
- Q2 2025 net revenues were $397 million, up 17% year over year and 11% from Q1 2025; adjusted net revenues were $405 million, up 14% year over year.
- Diluted EPS was $2.38 versus $1.97 a year earlier; adjusted EPS was $2.95 versus $2.52.
- Q1 2025 results included $25.4 million of tax benefits from restricted stock vesting, or $1.43 per diluted share.
- Quarterly dividend increased to $0.70 per share, payable September 12, 2025, to holders of record as of August 29, 2025.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.