SEI Investments (SEIC) Q4 2025 earnings summary

Executive summary

• Achieved record quarterly and annual EPS of $1.38 in Q4 and $5.63 for the year, with broad-based revenue and operating profit growth across all business segments, driven by strong sales events and alignment with industry tailwinds.

• Sales events totaled $44 million in Q4 and $149.9 million for the year, led by Private Banking and strong IMS demand, capping the strongest year ever for sales events.

• Major milestone reached with the first and largest close of the Stratos partnership/acquisition, expanding reach in the advisor channel and enhancing client value.

• Strategic investments in automation, AI, and new product launches in ETFs, SMAs, and alternative products drove growth and operational efficiency.

• Performance was broad-based across all business segments, with no reliance on one-time events.

Financial highlights

• Q4 2025 revenues were $607.9 million, up 9.1% year-over-year and 5.1% sequentially; operating income rose 11% to $161.6 million; net income attributable increased 10.7% to $172.5 million.

• Diluted EPS for Q4 was $1.38, up 16% year-over-year and 6.2% sequentially, including $0.08 of unusual items; full-year EPS was $5.63, up 28%.

• Operating margin improved to 27% for both Q4 and full year, up from 26% year-over-year.

• Assets under management (AUM) at $554.6 billion, up 16.3% year-over-year and 2.4% sequentially; assets under administration at $1,290.8 billion, up 18.2% year-over-year and 2.7% sequentially.

• LSV assets under management rose 3.5% versus 2023, with $22 million in Q4 performance fees, offsetting $3 billion in net outflows.

Outlook and guidance

• Management expresses confidence entering 2026, citing strong demand for outsourcing, convergence of public and private markets, and need for high-quality advice.

• Sales momentum expected to continue into 2026, with anticipated positive developments in the IMS business by April.

• Ongoing investments in talent, technology, and product launches to support growth, balanced by cost efficiency measures.

• No formal earnings guidance provided, but management targets long-term double-digit earnings growth and consistent margin expansion.

• Continued commitment to disciplined execution, transparent communication, and long-term value creation for clients and shareholders.