OAKS, PA — SEI Investments Company (Nasdaq: SEIC) reported higher earnings and revenue for the first quarter of 2026, driven by growth across its business segments and increased sales activity.
Diluted earnings per share rose 20% to $1.40 compared with the same period last year, while revenue increased 13% and operating income grew 21%. Operating margin rose to 30%.
On an adjusted basis, earnings per share increased 21% and operating income rose 24%, with adjusted operating margin reaching 32%.
First-quarter net sales events totaled $67.2 million, including $57.1 million in recurring sales, both representing record levels.
Investment Managers led with $50.5 million in net sales events, supported by enterprise-level mandates and contributions from both traditional and alternatives businesses.
Private Banks generated $6.5 million in net sales events, while Investment Advisors reported $7.0 million, reflecting growth in exchange-traded funds, separately managed accounts and custody services.
Institutional Investors recorded negative net sales events of $2.9 million, attributed to a client annuitizing a defined benefit plan after meeting funding objectives.
Private Banking revenue increased 11% and operating profit rose 40% year over year, while Investment Advisors posted 24% revenue growth and 12% growth in operating profit.
Assets under administration increased 4% from the previous quarter, while assets under management remained flat, as net inflows in advisory services offset market declines in March.
SEI repurchased 2.6 million shares of common stock for $208.3 million during the quarter at an average price of $81.55 per share.
As of March 31, 2026, SEI managed, advised or administered approximately $1.9 trillion in assets.
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