SEIC · SEI Investments Company

SEI Investments Company delivered a standout first quarter of 2026, with consolidated revenues reaching $622.2 million, a 13% increase from Q1 2025, fueled by robust demand across all major segments. Investment Managers led with 15% revenue growth to $220.7 million, driven by enterprise-level outsourcing mandates, while Investment Advisors surged 24% to $169.7 million, incorporating the first full quarter of Stratos results contributing $19.0 million in revenue. Private Banks grew 11% to $152.3 million, benefiting from professional services and the SEI Wealth Platform, and Institutional Investors edged up 4% to $71.5 million amid market appreciation and cost control. Operating income rose 21% to $189.5 million on a GAAP basis (24% adjusted to $198.7 million), expanding the operating margin to 30% (32% adjusted), reflecting scalability and execution of the five-pillar margin strategy in Private Banks, where margins improved 449 basis points to 21%. CEO Ryan Hicke highlighted the quarter as validating SEI's strategy, with accelerating client demand for outsourcing, technology, and AI investments positioning the firm for sustained growth. Record net sales events of $67.2 million ($57.1 million recurring) underscore sales momentum, particularly in Investment Managers ($50.5 million), resetting high-water marks. Share repurchases of 2.6 million shares for $208.3 million supported EPS growth, reducing shares outstanding and signaling management confidence. Ending assets under administration grew 4%, driven by client wins, while AUM remained flat quarter-over-quarter due to March market depreciation offset by inflows. No forward guidance was provided, but commentary emphasizes broad-based momentum and strategic priorities.