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Business Segment and Revenues Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Business Segment and Revenues Information BUSINESS SEGMENT AND REVENUES INFORMATION
The Company's activities as an investment bank and institutional securities firm constitute a single business segment. Revenues for the Company are derived from investment banking services and institutional sales, trading and research services. The Company is organized as one reportable segment in order to maximize the value provided to clients by leveraging the diversified expertise and broad relationships of its experienced professionals across the Company. Substantially all of the Company's net revenues and long-lived assets are located in the U.S. The accounting policies for the reportable segment are the same as those described in Note 2.

The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM, who manages business activities on a consolidated basis, considers monthly plan-to-actual variances of net income attributable to Piper Sandler Companies in assessing performance, determining compensation and making decisions about the use of capital, including repurchases of common stock, dividend payments, and acquisitions.

The CODM evaluates the performance and allocates resources of the reportable segment based on net income attributable to Piper Sandler Companies as reported on the consolidated statements of operations. For the three months ended September 30, 2026 and 2025, net income attributable to Piper Sandler Companies was $55.4 million and $60.3 million, respectively. For the nine months ended September 30, 2026 and 2025, net income attributable to Piper Sandler Companies was $188.5 million and $167.4 million, respectively. The significant expense categories of the reportable segment are consistent with the presentation of non-interest expenses on the consolidated statements of operations. The measure of reportable segment assets is reported on the consolidated statements of financial condition as total assets. At September 30, 2026 and December 31, 2025, total assets were $2.43 billion and $2.59 billion, respectively.

The components of net revenues are as follows:
Three Months EndedNine Months Ended
September 30,September 30,
(Amounts in thousands)2026202520262025
Revenues
Revenues from contracts with customers:
Investment banking:
Advisory services$250,258 $211,544 $775,431 $633,185 
Corporate financing56,629 79,301 167,749 146,608 
Municipal financing24,793 38,501 98,217 106,811 
Total investment banking331,680 329,346 1,041,397 886,604 
Institutional brokerage:
Equity brokerage54,498 53,750 177,875 166,087 
Fixed income services59,778 56,982 158,778 161,034 
Total institutional brokerage114,276 110,732 336,653 327,121 
Total revenues from contracts with customers445,956 440,078 1,378,050 1,213,725 
Interest income11,241 9,374 31,991 27,284 
Investment income/(loss)(13,545)30,642 5,010 (3,784)
Total revenues443,652 480,094 1,415,051 1,237,225 
Interest expense605 818 2,080 3,899 
Net revenues$443,047 $479,276 $1,412,971 $1,233,326