Piper Sandler CompaniesPIPRNYSE
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Operating Expenses Over TimeExpanding
Percentile Rank93
3Y CAGR+4.1%
5Y CAGR+4.7%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+4.1%/yr
vs +18.2%/yr prior
5Y CAGR
+4.7%/yr
Consistent
Acceleration
-14.1pp
Decelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.3x
Solid growth
Streak
2 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$1.40B+11.1%
2024$1.26B+6.8%
2023$1.18B-5.0%
2022$1.24B-19.0%
2021$1.53B+37.5%
2020$1.11B+63.7%
2019$679.58M+7.0%
2018$635.33M-13.7%
2017$736.14M-4.5%
2016$770.57M-