Piper Sandler Q2 net revenues rise 25% to $496 million; EPS $0.95, up 61%
Piper Sandler reported second-quarter 2026 U.S. GAAP net revenues of $495.5 million, up 25% from a year earlier and 4% from the first quarter, with diluted earnings per share of $0.95 versus $0.59 a year ago. The company also declared a quarterly dividend of $0.20 per share, payable September 11, 2026, to holders of record on August 28, 2026. The filing gives no new full-year guidance, and the results are a routine quarterly update.
Key points
- Q2 2026 net income attributable to Piper Sandler was $67.8 million, or $0.95 per diluted share, compared with $42.2 million, or $0.59, in Q2 2025.
- Adjusted (non-GAAP) diluted EPS was $1.04, and adjusted net revenues were $491.1 million, up 21% from a year earlier.
- Advisory services revenues were $274.2 million, up 34% year over year, and the company reported Q2 pre-tax margin of 20.3%.
- The company returned $215 million to shareholders in the first half of 2026 through dividends and share repurchases.
The filing
Written by AI on Nov 8, 2026, 1:00 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 July 30, 2026.
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.