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Parent Company Only
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only PARENT COMPANY ONLY
Condensed Statements of Financial Condition 
December 31,December 31,
(Amounts in thousands)20252024
Assets
Cash and cash equivalents$2 $1 
Investment in and advances to subsidiaries1,398,188 1,218,689 
Other assets74,386 73,389 
Total assets$1,472,576 $1,292,079 
Liabilities and Shareholders' Equity
Short-term financing
$15,000 $10,000 
Accrued compensation82,235 51,180 
Other liabilities and accrued expenses4,334 3,069 
Total liabilities101,569 64,249 
Shareholders' equity1,371,007 1,227,830 
Total liabilities and shareholders' equity$1,472,576 $1,292,079 
Condensed Statements of Operations
 Year Ended December 31,
(Amounts in thousands)202520242023
Revenues
Dividends from subsidiaries$207,000 $149,725 $118,934 
Interest income6,227 2,988 917 
Investment income
4,978 3,263 1,823 
Total revenues218,205 155,976 121,674 
Interest expense1,383 958 6,083 
Net revenues216,822 155,018 115,591 
Total non-interest expenses7,411 6,401 6,319 
Income before income tax expense and equity in income of subsidiaries209,411 148,617 109,272 
Income tax expense55,494 38,641 28,957 
Income of parent company153,917 109,976 80,315 
Equity in undistributed income of subsidiaries
127,414 71,138 5,176 
Net income attributable to Piper Sandler Companies
$281,331 $181,114 $85,491 

Condensed Statements of Cash Flows
 Year Ended December 31,
(Amounts in thousands)202520242023
Operating Activities
Net income$281,331 $181,114 $85,491 
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation1,318 1,080 1,168 
Equity in undistributed income of subsidiaries
(127,414)(71,138)(5,176)
Net cash provided by operating activities155,235 111,056 81,483 
Financing Activities
Net change in short-term financing
5,000 (20,000)30,000 
Repayment of long-term financing— — (125,000)
Advances from subsidiaries74,708 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 exercises4,247 792 — 
Net cash used in financing activities(155,234)(111,155)(81,583)
Net change in cash and cash equivalents1 (99)(100)
Cash and cash equivalents at beginning of year1 100 200 
Cash and cash equivalents at end of year$2 $1 $100