SEI Investments (SEIC) Q4 2025 earnings summary

Executive summary

• Achieved record quarterly and annual EPS of $1.38 in Q4 2025, with broad-based revenue and operating profit growth across all business units, driven by strong sales events and alignment with industry tailwinds.

• Sales events totaled $44 million in Q4, among the highest in company history, led by private banking and strong IMS demand.

• Completed the first and largest close of the Stratos acquisition, funded entirely with cash, expanding reach in the advisor channel and broadening distribution.

• Strategic investments in automation, AI, and professional services have driven operational efficiency and new growth opportunities.

• 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.

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

• Operating margin improved to 27% for both Q4 and full year.

• Net sales events for the year reached $149.9 million, with Q4 net sales at $43.6 million.

• Q4 included $20 million in corporate overhead for severance and M&A fees, partially offset by a $3 million tax benefit and $3.3 million revenue accrual true-up.

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.

• Expect continued sales momentum into 2026, with meaningful developments anticipated in the IMS business by April.

• Ongoing investments in talent, technology, and product launches, particularly in ETFs, SMAs, and alternative products.

• No formal earnings guidance provided; noted seasonality in tax rates, performance fees, and compensation increases in Q1.

• Forward-looking statements highlight opportunities from industry tailwinds and continued execution of strategy.