SEI Q1 revenue up 13% to $622M on Stratos acquisition; operating margin hits 30%

Filed April 27, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 28, 2025 · ~2 min read

Key Changes

• high

  Stratos acquisition completed in Q1 2026, contributing $19M in revenue and $3.1M in operating profit. The deal brings $39.9B in client assets and 57.5% ownership of a FINRA broker-dealer plus five SEC-registered investment advisors, expanding SEI's regulatory footprint.

  MD&A: Stratos acquisition verify on EDGAR →
• high

  Revenue growth accelerated to 13% ($622M) from 8% prior year, driven by Stratos, Investment Managers cross-sales to alternative clients, and higher SWP fees in Private Banks. Diluted EPS rose 20% to $1.40, aided by $214.8M in share repurchases.

  MD&A: Revenue and EPS growth verify on EDGAR →
• high

  LSV earnings reversed prior-year decline, up 12% to $32.1M on market appreciation driving average AUM up 19% to $104.6B, though negative cash flows and client losses persist. Investment Advisors revenue growth doubled to 24%, but operating margin compressed to 42% from 47% on Stratos intangible amortization.

  MD&A: LSV and Investment Advisors verify on EDGAR →