Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SEIC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsSEI Investments reports Q2 2026 earnings: revenue up 15%, adjusted EPS up 38% to $1.66
Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read
Key Changes
-
high
Q2 2026 revenue grew 15% YoY to $641.6M; adjusted operating income rose 36% to $207.0M (32% margin, up 500 bps); adjusted EPS increased 38% to $1.66. GAAP EPS of $1.59 declined 11% due to prior-year gain on business sale.
Item 2.02 verify on EDGAR → -
high
Net sales events totaled $43.5M in Q2 ($110.6M YTD), with Investment Managers leading at $32.0M (three-quarters from alternative investment mandates). Private Banks contributed $10.1M from regional banking wins.
Item 2.02 verify on EDGAR → -
high
Investment Advisors revenue jumped 30% to $177.9M (42% margin), benefiting from Stratos acquisition and market appreciation. Investment Managers revenue grew 17% to $227.7M (40% margin). Private Banks revenue rose 11% to $156.9M (20% margin, up from 16%).
Item 2.02 verify on EDGAR → -
medium
Assets under management increased 9.5% to $606.7B, driven by market appreciation. LSV generated $2.0B of net inflows from a large new mandate and saw total assets rise nearly $17B in the quarter.
Item 2.02 verify on EDGAR → -
medium
Repurchased 1.3M shares for $112.4M at an average price of $86.92 during Q2, contributing to a 3% reduction in share count YoY. Company ended quarter with nearly $400M cash and indicated higher repurchase activity ahead.
Item 2.02 verify on EDGAR →
Summary
SEI Investments delivered strong Q2 2026 results, with revenue growing 15% year-over-year to $641.6 million and adjusted earnings per share rising 38% to $1.66. The company expanded adjusted operating margins by 500 basis points to 32.3%, as revenue growth of $82 million outpaced expense growth of only $34 million.
While GAAP EPS declined 11% to $1.59, this reflects a prior-year gain on the sale of the FOS business; underlying operational performance was robust across all major segments. Sales momentum remained strong, with $43.5 million in net sales events during the quarter bringing year-to-date sales to $110.6 million.
Investment Managers led with $32.0 million in sales events, three-quarters of which came from alternative investment mandates. Private Banks contributed $10.1 million from regional banking wins and platform conversions. Revenue growth was broad-based: Investment Advisors up 30% (including the Stratos acquisition), Investment Managers up 17%, and Private Banks up 11%. Assets under management reached $606.7 billion, up 9.5% in the quarter, while LSV generated $2.0 billion of net inflows from a large new mandate. SEI repurchased $112.4 million of stock during the quarter at an average price of $86.92 per share, contributing to a 3% year-over-year reduction in share count. The company ended the quarter with nearly $400 million in cash and indicated that cash flow outlook supports higher repurchase activity going forward. The combination of double-digit revenue growth, significant margin expansion, and active capital return drove the 38% adjusted EPS increase.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SEI Investments announced Q2 2026 financial and operating results via press release and earnings call.
Added in current filing · verify on EDGAR →
On Wednesday, July 22, 2026, SEI Investments Company (the "Company") issued a press release announcing its financial and operating results for the second quarter ended June 30, 2026.
SEI Investments disclosed its financial and operating results for the second quarter ended June 30, 2026. The full results are contained in the attached press release (Exhibit 99.1), and a recording of the earnings call is available on the company's investor relations website.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Relative to the second quarter 2025, EPS declined by 11%, and revenue and operating income grew by 15% and 33%, respectively, with operating margin increasing to 31%. On an adjusted basis, EPS and operating income grew 38% and 36%, respectively, with the adjusted operating margin increasing to 32%.
SEI reported Q2 2026 diluted EPS of $1.59 (down 11% GAAP) but adjusted EPS of $1.66 (up 38% YoY). Revenue grew 15% to $641.6 million, operating income rose 33% to $197.0 million (31% margin), and adjusted operating income increased 36% to $207.0 million (32% margin). The GAAP EPS decline reflects a prior-year gain on business sale; adjusted results show strong underlying performance.
Added in current filing · view on EDGAR → · paraphrased
Investment Managers: Revenues $227,679 ... Operating Profit 91,601 ... Operating Margin 40% Private Banks: Revenues 156,879 ... Operating Profit 31,659 ... Operating Margin 20% Investment Advisors: Revenues 177,897 ... Operating Profit 74,670 ... Operating Margin 42% Institutional Investors: Revenues 69,702 ... Operating Profit 32,876 ... Operating Margin 47%
Investment Managers revenue grew 17% YoY to $227.7 million with 40% operating margin (up from 38%). Private Banks revenue rose 11% to $156.9 million with 20% margin (up from 16%). Investment Advisors revenue increased 30% to $177.9 million with 42% margin, benefiting from Stratos acquisition and market appreciation. Institutional Investors revenue grew 1% to $69.7 million with 47% margin, reflecting continued investment in sales initiatives.
Added in current filing · view on EDGAR → · paraphrased
Second quarter net sales events totaled $43.5 million, bringing year-to-date sales events to $110.6 million. Recurring sales events totaled $32.6 million during the quarter. ... Investment Managers led the quarter with $32.0 million of sales events. ... Private Banks generated $10.1 million of sales events ... Advisors and Institutional generated negative $2.8 million of net sales events.
SEI generated $43.5 million in net sales events during Q2 2026 ($110.6 million YTD), with $32.6 million recurring. Investment Managers led with $32.0 million (half from new wins, remainder from expanded relationships and professional services; three-quarters from alternative investments). Private Banks contributed $10.1 million from regional banking wins and platform conversions. Advisors and Institutional had negative $2.8 million net sales, though newer products (ETFs, SMAs) continued to gain traction at lower fee rates.
Added in current filing · view on EDGAR →
Ending assets under administration increased 5% during the quarter, driven by the funding of alternative mandates and market appreciation for traditional mandates. Ending assets under management increased 9.5% to $606.7 billion, driven by strong market appreciation. ... LSV generated $2.0 billion of net inflows during the quarter, driven primarily by the funding of a large new mandate. Combined with market appreciation, total LSV assets increased by nearly $17 billion during the quarter.
Assets under administration rose 5% in Q2 2026, while assets under management increased 9.5% to $606.7 billion, driven by market appreciation. LSV (SEI's equity-method investment) generated $2.0 billion of net inflows from a large new mandate and saw total assets increase nearly $17 billion during the quarter. LSV performance fees totaled approximately $17 million ($6.5 million attributable to SEI).
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
Revenues 641.6 14.7% 3.1% Operating Income 197.0 32.6% 4.0% Adjusted Operating Income 207.0 35.6% 4.2% EPS $1.59 -10.7% 13.6% Adjusted EPS $1.66 38.3% 15.3% Net Sales Events 43.5 49.0% -35.3% Operating Margin 30.7% 4.1% 0.3% Adjusted Operating Margin 32.3% 5.0% 0.3% Assets Under Management ($B) 606.7 17.2% 9.5% Administration, Platform & Advisement ($B) 1,407.7 19.6% 5.4%
SEI reported Q2 2026 revenues of $641.6 million (up 14.7% year-over-year), adjusted operating income of $207.0 million (up 35.6%), and adjusted EPS of $1.66 (up 38.3%). GAAP EPS of $1.59 declined 10.7% year-over-year due to a prior-year gain on sale from the FOS business. Assets under management reached $606.7 billion, up 17.2% year-over-year.
Added in current filing · view on EDGAR →
Mid-teens revenue growth, 500 bps of margin expansion, and a 3% reduction in share count drove 38% adjusted EPS growth from Q2 2025
Adjusted operating margins expanded 500 basis points year-over-year to 32.3%, driven by revenue growth of $82 million versus expense growth of only $34 million. The company continued funding strategic initiatives while improving profitability across most business segments.
Added in current filing · view on EDGAR →
Private Banking revenue increased 11%, driven by growth within the existing client base Investment Managers revenue grew 17%, reflecting continued conversion of prior sales success into revenue Advisors revenue increased 30%, benefiting from higher market values and the Stratos contribution
Revenue growth was broad-based: Private Banking up 11%, Investment Managers up 17%, and Investment Advisors up 30% (including the Stratos acquisition contribution). Operating profit increased in Private Banking (up 39%), Investment Managers (up 25%), and Investment Advisors (up 22%) year-over-year.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 23, 2026 · How we verify