What Piper Sandler Companies (PIPR) Said on Its Q3 Earnings Call
Piper Sandler reported third-quarter 2026 adjusted net revenues of $456 million, operating income of $90 million and an operating margin of 19.8%. Growth in advisory and fixed-income trading offset weaker corporate and municipal financing activity.
Why it matters — The results show how growth in advisory and fixed-income trading balanced weakness in the company’s financing businesses.