SEI revenue +15% to $642M, operating income +33% to $197M; net income -14% on below-the-line drags

Filed July 27, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 28, 2025 · ~1 min read

Key Changes

• high

  Operating income rose 33% to $197M while net income fell 14% to$$80M — the earnings decline did not come from operations. Below-the-line items (non-operating/other -$87M, income tax +$11M, noncontrolling interest -$4M) drove a net -$80M swing, offsetting the operating gain.

  MD&A: Consolidated Results verify on EDGAR →
• high

  Stratos acquisition (closed Dec 2025) contributed $40M revenue and $6M operating profit in H1 2026, but drove Investment Advisors margin down 400bp to 42% due to $13M intangible amortization and higher direct costs.

  MD&A: Investment Advisors Segment verify on EDGAR →
• high

  Investment Managers revenue growth accelerated to +16% YoY (from +10% prior year) on cross-sales to alternative fund clients and new business; operating margin expanded 200bp to 40%.

  MD&A: Investment Managers Segment verify on EDGAR →