SEI Investments Co reported second-quarter 2026 results with revenue rising to $641.6M from $559.6M a year earlier, while net income attributable to SEI decreased to $195.7M and diluted EPS fell to $1.59 versus $1.78 in the year-ago quarter.
Financial Highlights
- Revenue was $641.6M, compared with $559.6M in the prior-year quarter; YoY change 14.7%.
- Net income was $195.7M, compared with $227.1M in the prior-year quarter; YoY change (13.9%).
- Diluted EPS was $1.59, compared with $1.78 in the prior-year quarter; YoY change (10.7%).
Business Highlights
- Revenue growth of about 14–15% was driven by higher assets under administration/management and the contribution from the Stratos acquisition.
- Channel and product mix shifted toward separately managed accounts and Strategist programs, with a noted decrease in SEI fund program activity.
- Stratos acquisition added $40.1M of revenue and expanded SEI's advisor network, bringing approximately $41.9B in assets.
- Operational initiatives included SWP client conversions, deployment of the SEI Scope platform and increased capitalized software spending to enhance scale and platform capabilities.
- Investment Managers and Private Banks saw improved operating margins despite higher personnel costs and increased amortization from acquisitions.
Original SEC Filing:
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