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Midas Edge

PIPER SANDLER COMPANIES

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

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About this filing

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, 2026 · Filed Aug 5, 2026

PIPR$67.64+2.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Pre-Tax Margin

Pre-tax margin for the three months ended June 30, 2026 increased to 20.3 percent, compared to 12.3 percent for the corresponding period of 2025. Adjusted pre-tax margin for the three months ended June 30, 2026 increased to 21.8 percent, compared with 18.1 percent for the corresponding period of 2025. In the current quarter, the increase in pre-tax margin on both a U.S. GAAP and adjusted basis was primarily due to improved operating leverage on higher net revenues.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.