---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-25-000141"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:04:06.120033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q3 GAAP EPS $3.38, adjusted $3.82; record quarterly revenue

## Summary
- GAAP net revenues $479M (+33% YoY); adjusted net revenues $455M (+29% YoY).
- GAAP diluted EPS $3.38 (up 72% YoY); adjusted diluted EPS $3.82 (up 49% YoY).
- GAAP pre-tax margin 22.4% (up 6.9pp YoY); adjusted pre-tax margin 21.2% (up 2.8pp YoY).
- Quarterly dividend declared $0.70 per share.

## SEC filing metadata
- accession: 0001230245-25-000141
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000141/0001230245-25-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024525000141/pipr-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-25-000141
- JSON: https://secwatch.observer/filing/0001230245-25-000141.json
- Plain text: https://secwatch.observer/filing/0001230245-25-000141.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.