Piper Sandler Companies (PIPR) Investor presentation summary

Value proposition and growth

• Adjusted net revenues reached $2.0B LTM 1Q 2026, with 1,850+ employees across six countries and over 130 years of client service.

• Average share price increased 552% since 2016, reflecting strong shareholder returns.

• Profitable growth, diversification, and disciplined, capital-light management drive resilience and attract top talent.

• Net revenues grew from $690M in 2016 to $2.0B in 2026, an 11% CAGR, with significant increases in advisory revenues, operating margin, and adjusted diluted EPS.

Diversified platform and business lines

• Broad product capabilities span investment banking, public finance, equity brokerage, and fixed income, serving a wide range of sectors and client types.

• Eleven acquisitions since 2016 expanded products and sectors, with $589M returned via share repurchases and $580M in dividends since 2020.

• Strategic acquisitions enhanced sector, product, and geographic reach, including major deals in energy, financial services, chemicals, technology, and private capital advisory.

Market leadership and client solutions

• Ranked #2 in U.S. M&A by number of deals for LTM 1Q 2026, with significant market share growth since 2016.

• Advised on high-profile transactions across industries, including multi-billion dollar M&A and capital markets deals.

• Expanded non-M&A capabilities in equity capital markets, debt capital markets, private capital advisory, and restructuring.

• Leading middle-market debt placement with $50B in proceeds across 300+ financings and strong repeat business.

• Private capital advisory group grew rapidly post-2024 acquisition, with 50 professionals and 17% five-year CAGR in revenues.