Piper Sandler (NYSE:PIPR) Delivers Impressive Q4 CY2025

Investment banking firm Piper Sandler (NYSE:PIPR) reported Q4 CY2025 results topping the market’s revenue expectations, with sales up 33.6% year on year to $666.1 million. Its non-GAAP profit of $6.88 per share was 44.5% above analysts’ consensus estimates.

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Company Overview

Tracing its roots back to 1895 and rebranded from Piper Jaffray in 2020, Piper Sandler (NYSE:PIPR) is an investment bank that provides advisory services, capital raising, institutional brokerage, and research for corporations, governments, and institutional investors.

Revenue Growth

A company’s long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, Piper Sandler’s revenue grew at a decent 9.1% compounded annual growth rate over the last five years. Its growth was slightly above the average financials company and shows its offerings resonate with customers.

We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Piper Sandler’s annualized revenue growth of 19.8% over the last two years is above its five-year trend, suggesting its demand recently accelerated.

This quarter, Piper Sandler reported wonderful year-on-year revenue growth of 33.6%, and its $666.1 million of revenue exceeded Wall Street’s estimates by 28.5%.

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Key Takeaways from Piper Sandler’s Q4 Results

It was good to see Piper Sandler beat analysts’ EPS expectations this quarter. We were also excited its revenue outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $334.54 immediately following the results.

Indeed, Piper Sandler had a rock-solid quarterly earnings result, but is this stock a good investment here? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).