SEI Investments (SEIC) Q4 2025 earnings summary

Executive summary

• Achieved record quarterly and annual results, with EPS up 16% to $1.38 in Q4, driven by broad-based revenue and margin expansion across all business segments and strong sales events.

• Sales events totaled $44 million in Q4, led by Private Banking and strong IMS demand, with a robust pipeline and record annual net sales of $149.9 million.

• Major milestone reached with the first and largest close of the Stratos partnership/acquisition, expanding reach in the advisor channel and funded entirely with cash.

• Strategic investments in automation, AI, and professional services have strengthened client retention and unlocked 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.

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

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

• Full-year 2025 revenues were $2.30 billion (+8% YoY); operating income $627.3 million (+14% YoY); diluted EPS $5.63 (+28% YoY).

• AUM at $554.6 billion, up 16.3% year-over-year; AUA at $1,290.8 billion, up 18.2% year-over-year.

Outlook and guidance

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

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

• Management remains focused on leveraging automation and AI to lower costs and expand access while maintaining client experience at scale.

• No formal earnings guidance provided, but noted seasonality and investment impacts expected in early 2026.

• Committed to long-term double-digit earnings growth and consistent margin expansion.