Filing Flows › SEI Investments (SEIC) › Q3 2026 › vs Q2 2026
SEI Investments (SEIC) Q3 2026 vs Q2 2026 (quarter over quarter)
SEI Investments's revenue rose $20.4M (+3%) from $642M in Q2 2026 to $662M in Q3 2026. The biggest changes: Asset management, administration and distribution fees +$18.0M (+4%); Professional services fees +$2.2M (+22%); Investment processing fees - PaaS +$473K (+0.5%). Gross margin 35.1% against 35.9% (-0.8 pts).
SEI Investments, Q3 2026: revenue $662M (+14% year over year), operating margin 29.9%, net earnings $168M, operating cash flow $218M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 35.1% | 35.9% | -0.8 pts |
| Operating margin | 29.9% | 30.7% | -0.8 pts |
| Net margin | 25.4% | 30.5% | -5.1 pts |
| Free cash flow margin | 31.5% | 18.3% | +13.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Investment operations fees | $259M | $250M | $8.7M | +3% |
| Investment management fees from investment management agreements | $136M | $132M | $4.0M | +3% |
| Investment management fees from pooled investment products | $116M | $112M | $4.1M | +4% |
| Account fees and other | $22.6M | $21.3M | $1.3M | +6% |
| Asset management, administration and distribution fees | $533M | $515M | $18.0M | +4% |
| Investment processing fees - PaaS | $90.4M | $90.0M | $473K | +0.5% |
| Investment processing fees - SaaS | $26.0M | $26.3M | −$283K | -1% |
| Professional services fees | $12.3M | $10.1M | $2.2M | +22% |
| Revenue | $662M | $642M | $20.4M | +3% |
| Gross profit | $232M | $230M | $1.9M | +0.8% |
| Cost of revenue | $430M | $411M | $18.5M | +5% |
| Other income, net | $16.6M | $56.2M | −$39.6M | -70% |
| Operating profit | $198M | $197M | $983K | +0.5% |
| Operating expenses | $34.1M | $33.2M | $895K | +3% |
| Pre-tax earnings | $215M | $253M | −$38.6M | -15% |
| Net earnings | $168M | $196M | −$27.4M | -14% |
| Minority interests | $3.0M | $3.9M | −$893K | -23% |
| Income tax | $43.3M | $53.6M | −$10.3M | -19% |
| Share-based compensation | $16.0M | $16.3M | −$313K | -2% |
| Working capital & other | $33.7M | −$86.2M | $120M | — |
| Operating cash flow | $218M | $126M | $92.2M | +73% |
| Free cash flow (OCF − capex) | $208M | $117M | $91.1M | +78% |
| Capital expenditures | $9.7M | $8.6M | $1.0M | +12% |
Questions
How much did SEI Investments's revenue grow quarter over quarter in Q3 2026?
SEI Investments's revenue rose $20.4M (+3%) from $642M in Q2 2026 to $662M in Q3 2026.
What drove SEI Investments's revenue change in Q3 2026?
Asset management, administration and distribution fees +$18.0M (+4%); Professional services fees +$2.2M (+22%); Investment processing fees - PaaS +$473K (+0.5%).