Filing Flows › SEI Investments (SEIC) › Q2 2026 › vs Q1 2026
SEI Investments (SEIC) Q2 2026 vs Q1 2026 (quarter over quarter)
SEI Investments's revenue rose $19.4M (+3%) from $622M in Q1 2026 to $642M in Q2 2026. The biggest changes: Asset management, administration and distribution fees +$16.7M (+3%); Investment processing fees - PaaS +$1.7M (+2%); Investment processing fees - SaaS +$832K (+3%). Gross margin 35.9% against 36.0% (-0.2 pts).
SEI Investments, Q2 2026: revenue $642M (+15% year over year), operating margin 30.7%, net earnings $196M, operating cash flow $126M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 35.9% | 36.0% | -0.2 pts |
| Operating margin | 30.7% | 30.5% | +0.3 pts |
| Net margin | 30.5% | 28.0% | +2.5 pts |
| Free cash flow margin | 18.3% | 34.6% | -16.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Investment operations fees | $250M | $244M | $6.5M | +3% |
| Investment management fees from investment management agreements | $132M | $126M | $6.1M | +5% |
| Investment management fees from pooled investment products | $112M | $108M | $4.2M | +4% |
| Account fees and other | $21.3M | $21.3M | $16K | +0.1% |
| Asset management, administration and distribution fees | $515M | $499M | $16.7M | +3% |
| Investment processing fees - PaaS | $90.0M | $88.3M | $1.7M | +2% |
| Investment processing fees - SaaS | $26.3M | $25.5M | $832K | +3% |
| Professional services fees | $10.1M | $9.9M | $205K | +2% |
| Revenue | $642M | $622M | $19.4M | +3% |
| Gross profit | $230M | $224M | $5.9M | +3% |
| Cost of revenue | $411M | $398M | $13.5M | +3% |
| Other income, net | $56.2M | $41.3M | $14.8M | +36% |
| Operating profit | $197M | $189M | $7.5M | +4% |
| Operating expenses | $33.2M | $34.8M | −$1.6M | -5% |
| Pre-tax earnings | $253M | $231M | $22.4M | +10% |
| Net earnings | $196M | $174M | $21.2M | +12% |
| Minority interests | $3.9M | $2.3M | $1.6M | +69% |
| Income tax | $53.6M | $54.0M | −$379K | -0.7% |
| Share-based compensation | $16.3M | $14.5M | $1.8M | +13% |
| Working capital & other | $86.2M | −$32.6M | $119M | — |
| Operating cash flow | $126M | $222M | −$95.8M | -43% |
| Free cash flow (OCF − capex) | $117M | $215M | −$98.0M | -46% |
| Capital expenditures | $8.6M | $6.4M | $2.2M | +34% |
Questions
How much did SEI Investments's revenue grow quarter over quarter in Q2 2026?
SEI Investments's revenue rose $19.4M (+3%) from $622M in Q1 2026 to $642M in Q2 2026.
What drove SEI Investments's revenue change in Q2 2026?
Asset management, administration and distribution fees +$16.7M (+3%); Investment processing fees - PaaS +$1.7M (+2%); Investment processing fees - SaaS +$832K (+3%).