PIPER SANDLER COMPANIES
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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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, 2026 · Filed Aug 5, 2026
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Pre-Tax Margin
Pre-tax margin for the six months ended June 30, 2026 increased to 19.4 percent, compared to 10.4 percent for the six months ended June 30, 2025. Adjusted pre-tax margin for the six months ended June 30, 2026 increased to 20.9 percent, compared with 18.0 percent in the corresponding period of 2025. For the first half of 2026, 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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