PIPER SANDLER COMPANIES
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Pre-Tax Margin
Pre-tax margin for the three months ended June 30, 2025 increased to 12.3 percent, compared to 8.3 percent for the corresponding period of 2024. Adjusted pre-tax margin for the three months ended June 30, 2025 increased to 18.1 percent, compared with 17.3 percent for the corresponding period of 2024. In the current quarter, the increase in pre-tax margin on both a U.S. GAAP and adjusted basis was primarily due to increased net revenues and a lower compensation ratio.
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