SEI Investments (SEIC) investor relations material

Executive summary

• Q1 2026 delivered strong financial and operational results, with adjusted EPS of $1.44 (up 21%), GAAP EPS of $1.40 (up 20%), and broad-based growth across all business units, driven by top-line growth, margin expansion, and record net sales events of $67.2 million.

• Revenue grew 13% year-over-year to $622.2 million, with net income attributable to shareholders up 15% to $174.5 million.

• Strategic execution, disciplined cost management, and successful integration of Stratos and other acquisitions drove results.

• AI and automation initiatives contributed to margin expansion and are expected to accelerate future growth.

• Assets managed, advised, or administered reached $1.93 trillion, up 20% year-over-year.

Financial highlights

• Operating income rose 21% year-over-year to $189.5 million; adjusted operating profit up 24% to $198.7 million.

• Net sales events reached $67.2 million, a 44% increase year-over-year, with $57 million recurring revenue and $10 million from professional services.

• Consolidated operating margin expanded to 30% (adjusted 32%), up from 28% year-over-year.

• Cash flow from operations rose to $221.6 million from $146.5 million a year ago.

• Assets under management (AUM) reached $554.1 billion, up 14% year-over-year.

Outlook and guidance

• Management expects continued strong demand for outsourcing, technology, and professional services, supported by a robust sales pipeline.

• Margin improvements are expected to continue as revenue grows, with fixed costs largely stable.

• Institutional business anticipated to return to net positive flows later in 2026; regulatory scrutiny and compliance requirements expected to persist.

• Ongoing investments in AI and technology partnerships are expected to expand addressable markets and support margin growth.

• Management expects available funds and cash flow from operations to be sufficient for operational needs, M&A, and stock repurchases for at least the next 12 months.