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SEI Investments (SEIC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 27, 2026
SEI Investments (SEIC) reported revenue of $642M for the second quarter 2026 (Q2 2026), +15% from a year earlier and +3% from the quarter before. Operating margin was 30.7%, net earnings $196M (30.5% of revenue).
SEI Investments, Q2 2026: revenue $642M (+15% year over year), operating margin 30.7%, net earnings $196M, operating cash flow $126M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $642M | +3% | +15% |
| Gross profit | $230M | +3% | +22% |
| Operating profit | $197M | +4% | +33% |
| Net earnings | $196M | +12% | -14% |
| Operating cash flow | $126M | -43% | +30% |
| Free cash flow | $117M | -46% | +26% |
What changed
Revenue was $641.6M in Q2 2026, up 15% 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 $43.4M year over year (up 21%), 53% of the total change. Investment processing fees - SaaS declined 17%.
Gross margin was 35.9%, up 2.1 points from Q2 2025. Operating profit was $197.0M, a 30.7% margin (up 4.1 points year over year). Of the extra revenue versus Q2 2025, 59% reached operating profit, above the 27% margin then. Operating expenses fell 18% while revenue rose 15%. Net earnings were $195.7M, down 14% year over year. The effective tax rate was 21.2%. Non-operating items added $56.2M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $125.8M (up 30% year over year), 63% of net earnings. Non-cash charges added back $16.3M of share-based compensation. Working capital and other items used $90.1M. Capital expenditures of $8.6M left free cash flow of $117.2M.
Questions
What was SEI Investments' revenue in the second quarter 2026?
SEI Investments (SEIC) reported revenue of $642M for the second quarter 2026 (Q2 2026), +15% from a year earlier and +3% from the quarter before.
Was SEI Investments profitable in the second quarter 2026?
Operating profit was $197M (30.7% of revenue) and net earnings $196M.
Source: SEI Investments 10-Q on SEC EDGAR.