Sei Investments Company Stock Earnings Reports

SEI reported a strong start to FY2026 with adjusted EPS of $1.44 (up >20% YoY), consolidated margin expansion, and unusually robust sales activity: $67 million of net sales events in Q1 (about $57M recurring + $10M professional services), exceeding prior quarterly records by >40%. Investment Manager Services (IMS) led the quarter with multiple large, competitive, first-time outsourcing wins (including two top-tier alternative managers) and remains supported by a strong pipeline. Advisors benefited from the first full quarter of Stratos consolidation (57.5% ownership) which added ~ $20M revenue and ~$3M operating profit (about $8M consolidated EBITDA excluding D&A/intangible amortization). Professional Services continues to drive faster revenue realization and cross-selling benefits across business lines, including international growth (over one-third of Professional Services wins were outside the U.S.). SEI repurchased $208M of stock in Q1 and ended the quarter with ~$363M cash, maintaining flexibility for continued buybacks, investments and disciplined capital deployment. Management emphasized AI and automation as net positives—productivity drivers, client demand for responsible AI adoption, and margin accelerants—while saying they see limited near-term fee pressure and expect continued margin improvement as revenue grows. Near-term considerations: some seasonality (LSV/performance fees), intangible amortization from Stratos weighing on Advisors margins, and onboarding costs for large IMS wins that may temporarily mute IMS margins before full run-rate is achieved (management expects normalization by mid-2027 for the largest recent deals).