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Business Segment and Revenues Information
 12 Months Ended
Dec. 31, 2025
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 years ended December 31, 2025, 2024 and 2023, net income attributable to Piper Sandler Companies was $281.3 million, $181.1 million and $85.5 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 December 31, 2025 and 2024, total assets were $2.59 billion and $2.26 billion, respectively.

The components of net revenues are as follows:
 Year Ended December 31,
(Amounts in thousands)202520242023
Revenues
Revenues from contracts with customers:
Investment banking:
Advisory services$1,037,959 $808,746 $709,316 
Corporate financing217,156 173,876 131,077 
Municipal financing145,751 122,513 83,419 
Total investment banking1,400,866 1,105,135 923,812 
Institutional brokerage:
Equity brokerage230,273 215,275 209,512 
Fixed income services202,925 186,167 168,027 
Total institutional brokerage433,198 401,442 377,539 
Total revenues from contracts with customers
1,834,064 1,506,577 1,301,351 
Interest income36,904 32,908 26,723 
Investment income/(loss)33,249 (7,890)30,039 
Total revenues1,904,217 1,531,595 1,358,113 
Interest expense4,841 5,681 10,146 
Net revenues$1,899,376 $1,525,914 $1,347,967