Piper Sandler Companies reported its 11th consecutive quarter of year-over-year revenue growth, with corporate investment banking revenues hitting a record first-half performance of $636 million, up 30% year-over-year. Advisory services achieved record second-quarter revenues of $274 million, up 34% year-over-year, driven by strong contributions from financial services and healthcare. The company maintained an operating margin of 21.8% in the second quarter, with operating income growth outpacing revenue growth. Piper Sandler returned $215 million to shareholders in the first half of 2026 through dividends and share repurchases. However, fixed income revenues declined sequentially and year-over-year due to challenging market conditions, and corporate financing revenues fell sharply from the first quarter.
Piper Sandler CompaniesRecord advisory revenue, 11th straight quarter of growth, strong operating margin, and $215M returned to shareholders.