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SEI Investments (SEIC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 26, 2026 · SEI Investments (SEIC) Q3 2026 earnings results →
Q3 2026 Revenue up 14% year over year to $662M · 25¢ of every $1 of revenue kept as net profit · operating margin 29.9%
SEI Investments made $662M in Q3 2026 (+14% Y/Y): Asset management, administration and distribution fees $533M, Investment processing fees - PaaS $90.4M, Investment processing fees - SaaS $26.0M. Operating margin 29.9%, net earnings $168M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 26, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $662.0M in Q3 2026, up 14% year over year and up 3% from the previous quarter. Investment operations fees was the largest line at 39% of revenue. Investment operations fees added $42.0M year over year (up 19%), 50% of the total change.
Gross margin was 35.1%, unchanged from Q3 2025. Operating profit was $198.0M, a 29.9% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 46% reached operating profit, above the 28% margin then. Operating expenses fell 20% while revenue rose 14%. Net earnings were $168.3M, up 2% year over year. The effective tax rate was 20.2%.
Operating cash flow was $218.0M (down 9% year over year), 127% of net earnings. Non-cash charges added back $16.0M of share-based compensation. Working capital and other items added $30.7M. Capital expenditures of $9.7M left free cash flow of $208.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 26, 2026 | $662M | +14% | 29.9% | $168M | $218M |
| Q2 2026 | 10-Q | Jul 27, 2026 | $642M | +15% | 30.7% | $196M | $126M |
| Q1 2026 | 10-Q | Apr 27, 2026 | $622M | +13% | 30.5% | $174M | $222M |
| Q4 2025 | 10-K | Feb 23, 2026 | $608M | +9% | 26.6% | $173M | $126M |
| Q3 2025 | 10-Q | Oct 27, 2025 | $579M | +8% | 27.7% | $165M | $238M |
| Q2 2025 | 10-Q | Jul 28, 2025 | $560M | +8% | 26.6% | $227M | $96.5M |
| Q1 2025 | 10-Q | Apr 28, 2025 | $551M | +8% | 28.5% | $152M | $146M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SEI Investments
SEI Investments Company (together, with its subsidiaries unless otherwise noted, “SEI” or the “Company”) is a leading global provider of financial technology, operations, and asset management solutions that connect the financial services ecosystem across advice, asset management, and administration. Our enterprise operating model unifies technology, trust‑based custody, and investment management to help clients more effectively deploy their capital, whether that’s money, time, or talent, so they can better serve their clients and achieve their growth objectives.
In its own words, from its 10-K, filed Feb 23, 2026.
SEI Investments against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +13%. Operating margin: 29.9% against the peers' median 29.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEIC SEI Investments | Q3 2026 | $662M | +14% | 29.9% |
| MS Morgan Stanley | Q3 2026 | $20.3B | +12% | 31.9% |
| GS Goldman Sachs Group | Q3 2026 | $18.7B | +23% | 37.5% |
| GLXY Galaxy Digital | Q3 2026 | $8.1B | -72% | 4.3% |
| BLK BlackRock | Q3 2026 | $7.8B | +19% | 30.0% |
| SCHW Schwab Charles | Q3 2026 | $7.2B | +17% | 52.7% |
| Jones Financial Companies Lllp | Q3 2026 | $5.2B | +13% | 0.0% |
| RJF Raymond James Financial | Q4 FY26 | $4.7B | +13% | 18.2% |
| JEF Jefferies Financial Group | Q3 FY26 | $3.2B | +11% | 10.9% |
Source: SEI Investments 10-Q on SEC EDGAR · CIK 350894 · Security Brokers, Dealers & Flotation Companies
13F: who owns SEIC and who is buying
More on SEIC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- SEI Investments gross margin by quarter
- SEI Investments operating margin by quarter
- SEI Investments net income by quarter
- SEI Investments free cash flow by quarter
- SEI Investments capital expenditures by quarter
- SEI Investments Asset management, administration and distribution fees revenue by quarter
- SEI Investments Investment processing fees - PaaS revenue by quarter
- SEI Investments Investment processing fees - SaaS revenue by quarter