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Parent Company Only - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities                      
Net income attributable to Piper Sandler Companies $ 113,968 $ 60,266 $ 42,182 $ 64,915 $ 69,059 $ 34,789 $ 34,773 $ 42,493 $ 281,331 $ 181,114 $ 85,491
Adjustments to reconcile net income to net cash provided by operating activities:                      
Stock-based compensation                 123,914 103,363 93,768
Net cash provided by operating activities                 586,627 313,255 275,629
Financing Activities                      
Net change in short-term financing                 5,000 (37,342) 30,000
Repayment of long-term financing                 0 0 (125,000)
Payment of cash dividends                 (114,146) (73,726) (84,444)
Repurchase of common stock                 (125,043) (66,426) (70,680)
Proceeds from stock option exercises                 4,247 792 0
Net cash used in financing activities                 (218,733) (180,610) (249,586)
Cash and cash equivalents at beginning of year       482,834       383,098 482,834 383,098 365,624
Cash and cash equivalents at end of year 809,415       482,834       809,415 482,834 383,098
Parent Company                      
Operating Activities                      
Net income attributable to Piper Sandler Companies                 281,331 181,114 85,491
Adjustments to reconcile net income to net cash provided by operating activities:                      
Stock-based compensation                 1,318 1,080 1,168
Equity in undistributed income of subsidiaries                 (127,414) (71,138) (5,176)
Net cash provided by operating activities                 155,235 111,056 81,483
Financing Activities                      
Net change in short-term financing                 5,000 (20,000) 30,000
Repayment of long-term financing                 0 0 (125,000)
Advances from subsidiaries                 74,708 48,205 168,541
Payment of cash dividends                 (114,146) (73,726) (84,444)
Repurchase of common stock                 (125,043) (66,426) (70,680)
Proceeds from stock option exercises                 4,247 792 0
Net cash used in financing activities                 (155,234) (111,155) (81,583)
Net change in cash and cash equivalents                 1 (99) (100)
Cash and cash equivalents at beginning of year       $ 1       $ 100 1 100 200
Cash and cash equivalents at end of year $ 2       $ 1       $ 2 $ 1 $ 100