SEI Reports Third-Quarter 2026 Financial Results
SEI INVESTMENTS CO (SEIC) filed an SEC Form 8-K — Results of Operations and Financial Condition. SEI Reports Third-Quarter 2026 Financial Results OAKS, Pa., Oct. 21, 2026 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third quarter 2026. Relative to the third quarter 2025, EPS increased by 6%, and revenue and operating income grew by 14% an
How this was made
The 30-second read
Why it matters
The earnings beat and expanded buyback program provide fresh, material information that can influence trading decisions today.
Market read
The release is a primary earnings disclosure with new guidance on capital return, offering a clear catalyst for short‑term price movement.
What to watch
The modest decline in assets under management and net outflows in the Institutional Investors segment could temper enthusiasm.
SEI Reports Third-Quarter 2026 Financial Results
Third-quarter revenue increased 14%, GAAP operating income increased 24%, adjusted diluted EPS increased 24% to $1.64, and adjusted operating margin increased to 31%.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 revenuesGAAP | $662,043 | – | 14% |
| Nine months 2026 revenuesGAAP | $1,925,843 | – | 14% |
| Q3 2026 asset management, admin. and distribution feesGAAP | $531.4M | – | – |
| Q3 2026 information processing and software servicing feesGAAP | $130.6M | – | – |
| Q3 2026 total expensesGAAP | $464.0M | – | – |
| Nine months 2026 total expensesGAAP | $1,341,342 | – | – |
| Q3 2026 income from operationsGAAP | $198.0M | – | 24% |
| Nine months 2026 income from operationsGAAP | $584,501 | – | 26% |
| Q3 2026 operating marginGAAP | 30 % | – | 7% |
| Nine months 2026 operating marginGAAP | 30 % | – | 7% |
| Q3 2026 net incomeGAAP | $171.2M | – | – |
| Nine months 2026 net incomeGAAP | $547,574 | – | – |
| Q3 2026 net income attributable to SEI Investments CompanyGAAP | $168.3M | – | 2% |
| Nine months 2026 net income attributable to SEI Investments CompanyGAAP | $538,403 | – | (1)% |
| Q3 2026 diluted earnings per common shareGAAP | $1.38 | – | 6% |
| Nine months 2026 diluted earnings per common shareGAAP | $4.37 | – | 3% |
| Q3 2026 basic earnings per common shareGAAP | $1.42 | – | – |
| Nine months 2026 basic earnings per common shareGAAP | $4.48 | – | – |
| Q3 2026 adjusted income from operationsnon-GAAP | $208.5M | – | 25% |
| Nine months 2026 adjusted income from operationsnon-GAAP | $614,127 | – | 28% |
| Q3 2026 adjusted operating marginnon-GAAP | 31 % | – | 7% |
| Nine months 2026 adjusted operating marginnon-GAAP | 32 % | – | 14% |
| Q3 2026 adjusted net income attributable to SEI Investments Companynon-GAAP | $199,970 | – | – |
| Nine months 2026 adjusted net income attributable to SEI Investments Companynon-GAAP | $583,723 | – | – |
| Q3 2026 adjusted diluted EPSnon-GAAP | $1.64 | – | 24% |
| Nine months 2026 adjusted diluted EPSnon-GAAP | $4.73 | – | 27% |
| Nine months 2026 net cash provided by operating activitiesGAAP | $565,327 | – | – |
| Nine months 2026 net cash used in financing activitiesGAAP | ($512,509) | – | – |
| Cash and cash equivalents at September 30, 2026GAAP | $399.8M | – | – |
| Long-term debt at September 30, 2026GAAP | 30,951 | – | – |
| Current portion of long-term debt at September 30, 2026GAAP | 5,754 | – | – |
| Nine months 2026 dividends declared per common shareGAAP | $0.52 | – | – |
| Ending total assets under management at September 30, 2026other | $606.4B | decreased 0.1% | – |
| Ending total assets at September 30, 2026other | $2,105,780 | – | – |
| Q3 2026 total sales eventsother | $46.79M | – | – |
| Q3 2026 total net recurring sales eventsother | $38.60M | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Investment Managers, Q3 2026Prior sales success continued to convert into revenue and demand for outsourcing solutions remained strong. | $235,817 | – | 14% |
| Private Banks, Q3 2026Continued demand across enterprise transformation initiatives, professional services, Data Cloud capabilities, and asset management solutions. | $160,439 | – | 11% |
| Investment Advisors, Q3 2026Benefiting from Stratos and growth in the underlying Advisors business. | $185,378 | – | 26% |
| Institutional Investors, Q3 2026Reflecting prior client outflows. | $70,638 | – | (2)% |
| Investments in New Businesses, Q3 2026No segment-specific revenue driver was provided. | $9,771 | – | 20% |
| Investment Managers, nine months 2026No nine-month segment-specific revenue driver was provided. | $684,213 | – | 15% |
| Private Banks, nine months 2026No nine-month segment-specific revenue driver was provided. | $469,580 | – | 11% |
| Investment Advisors, nine months 2026No nine-month segment-specific revenue driver was provided. | $532,970 | – | 27% |
| Institutional Investors, nine months 2026No nine-month segment-specific revenue driver was provided. | $211,856 | – | 1% |
| Investments in New Businesses, nine months 2026No nine-month segment-specific revenue driver was provided. | $27,224 | – | (34)% |
Capital returns
- SEI repurchased 2.0 million shares of common stock for $215.1 million at an average price of $105.24 per share.
- On October 20, 2026, SEI's Board of Directors approved an increase in the stock repurchase program by an additional $800 million.
- The available authorization under the program increased to approximately $926 million.
- Dividends declared per common share were $0.52 for the nine months ended September 30, 2026.
What drove it
- Third-quarter net sales events totaled $46.8 million, bringing year-to-date net sales events to $157.4 million.
- Investment Managers generated $32.0 million of net sales events, with contributions from both new client wins and expansions with existing clients.
- Private Banks generated $12.6 million of net sales events.
- Stratos contributed $23.3 million of revenue and $4.4 million of operating profit, including $7.3 million of acquired intangible amortization.
- SEI's integrated cash program contributed $20.8 million during the quarter, matching Q3 2025.
- Assets under administration, assets on platform, and assets under advisement increased 4% during the quarter, driven primarily by continued growth in Investment Managers, including funding from recently won mandates and additional client capital deployment.
Concerns
- Third-quarter operating income included $6.4 million of additional incentive compensation expense associated with the strength of year-to-date performance and the current outlook for the remainder of the year.
- Institutional Investors revenue declined 2% and operating profit declined 3%, reflecting prior client outflows.
- Investment Advisors operating margin was 41 % versus 46 % in the prior-year quarter.
- Other expenses included a $32.5 million one-time charge associated with the termination agreement with Stratos to purchase their Mexican based subsidiary, NSC.
- LSV assets declined 1% from Q2 as strong investment performance was offset by $5.3 billion of net outflows.
What to watch
- Conversion of $46.8 million of third-quarter net sales events into annualized recurring revenue.
- Demand for outsourcing services and enterprise transformation initiatives.
- The growth trajectory of assets under administration and the Private Banking business.
- Whether year-end performance supports incentive compensation awards consistent with increased accruals.
- The level of share buy-backs under the approximately $926 million available authorization.
Balance sheet and cash flow
- Cash and cash equivalents were $399,766 at September 30, 2026.
- Cash and cash equivalents held at consolidated variable interest entities were $85,457 at September 30, 2026.
- Total cash and cash equivalents and cash and cash equivalents held at consolidated variable interest entities were $485,223 at September 30, 2026.
- Net cash provided by operating activities was $565,327 for the nine months ended September 30, 2026.
- Net cash used in investing activities was ($32,087) for the nine months ended September 30, 2026.
- Net cash used in financing activities was ($512,509) for the nine months ended September 30, 2026.
- Long-term debt was 30,951 and current portion of long-term debt was 5,754 at September 30, 2026.
Analysis
SEI reported broad-based third-quarter growth. GAAP revenue was $662,043, up 14%, while income from operations was $197,999, up 24%. GAAP operating margin increased to 30 % from 28 %, and diluted earnings per common share increased 6% to $1.38. Adjusted income from operations increased 25% to $208,493, adjusted operating margin reached 31 %, and adjusted diluted EPS increased 24% to $1.64.
The operating result reflects strength across the largest businesses. Investment Managers generated revenue of $235,817, up 14%, with operating profit also up 14%. Private Banks revenue increased 11% to $160,439 and operating profit increased 38% to $32,164. Investment Advisors delivered revenue growth of 26% to $185,378, supported by Stratos and growth in the underlying Advisors business, although its operating profit increased 11% and its operating margin was 41 % versus 46 %.
Sales activity remained a central demand indicator. Total sales events were $46,794 in the third quarter, while total net recurring sales events were $38,602. Investment Managers contributed $32,012 of total sales events and Private Banks contributed $10,112. Institutional Investors remained the weak point, with revenue of $70,638, down 2%, and operating profit of $32,837, down 3%, reflecting prior client outflows.
Asset levels were broadly stable in the quarter. Ending total assets under management were $606,352, compared with $606,725 at June 30, 2026, and the company stated that ending assets under management decreased 0.1% as market values and net flows were little changed. LSV assets declined 1% from Q2 as strong investment performance was offset by $5.3 billion of net outflows. Total assets were $2,105,780 at September 30, 2026.
Capital allocation was active. SEI repurchased 2.0 million shares for $215.1 million at an average price of $105.24 per share and the Board approved an additional $800 million of repurchase capacity, bringing available authorization to approximately $926 million. The company ended the quarter with $399,766 of cash and cash equivalents. The release did not provide quantitative forward guidance, while it identified incentive compensation, share buy-backs, asset growth, outsourcing demand, enterprise transformation demand, and sales-event conversion as forward-looking areas.
Management, verbatim
SEI’s third-quarter results reinforce our confidence in the strategy and operating model we have put in place. Our growth is broad-based, our client relationships are becoming deeper and more strategic, and our year-to-date sales results have already surpassed the highest full-year total in SEI’s history.
Ryan Hicke, CEO
Not in the filing
stated, not guessed- Quantitative forward revenue guidance was not provided.
- Quantitative forward gross-margin guidance was not provided.
- Quantitative forward operating-expense guidance was not provided.
- Quantitative forward tax-rate guidance was not provided.
- Gross margin was not reported.
- Free cash flow was not reported.
- A formal prior outlook was not provided.
- Quarterly operating cash flow was not reported.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
SEI Investments Company (NASDAQ:SEIC) filed an 8‑K reporting its third‑quarter 2026 financial results and a new share repurchase authorization.
Ticker impact
SEI Investments Company reported Q3 2026 earnings with revenue up 14% YoY, EPS up 6% and announced an $800M increase to its share repurchase program.
likely upward pressure as the market prices in stronger earnings and the larger buyback authorization.
Revenue and operating income growth exceed prior year, adjusted EPS rose 24%, and the additional $800M repurchase capacity signals confidence, all of which typically support a price rise.
Market effects
Strong results may lift the broader wealth‑management and asset‑servicing sector.
U.S. market participants may view the earnings as a sign of resilience in financial services.
Limited to investors with exposure to SEI; no direct global macro impact.
Counterpoint
If the market had already priced in the buyback expansion, the earnings beat may be already reflected, limiting upside.
Key entities
- companySEI Investments Company
U.S. wealth‑management and asset‑servicing firm reporting Q3 2026 results.
