---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-26-000008"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:02:11.627628+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler reports record Q4 revenue $666M; 4-for-1 stock split, special dividend $5

## Summary
- Q4 GAAP net revenue $666M (+38% YoY); adjusted net revenue $635M (+27% YoY).
- GAAP diluted EPS $6.40 (up 66% YoY); adjusted diluted EPS $6.88 (up 43% YoY).
- Full year 2025 net revenue $1.899B (+24% YoY); net income $281M (+55% YoY).
- Board approves 4-for-1 stock split, effective March 23, 2026; split-adjusted trading starts March 24.
- Declares special dividend of $5.00 per share and quarterly dividend of $0.70 per share.

## SEC filing metadata
- accession: 0001230245-26-000008
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2026-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024526000008/0001230245-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024526000008/pipr-20260206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-26-000008
- JSON: https://secwatch.observer/filing/0001230245-26-000008.json
- Plain text: https://secwatch.observer/filing/0001230245-26-000008.txt

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