Filing Flows › SEI Investments (SEIC) › Q3 2026 › vs Q3 2025
SEI Investments (SEIC) Q3 2026 vs Q3 2025 (year over year)
SEI Investments's revenue rose $83.5M (+14%) from $579M in Q3 2025 to $662M in Q3 2026. The biggest changes: Asset management, administration and distribution fees +$69.9M (+15%); Investment processing fees - PaaS +$7.2M (+9%); Professional services fees +$6.2M (+102%). Gross margin 35.1% against 35.0% (+0.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 35.1% | 35.0% | +0.0 pts |
| Operating margin | 29.9% | 27.7% | +2.3 pts |
| Net margin | 25.4% | 28.4% | -3.0 pts |
| Free cash flow margin | 31.5% | 39.7% | -8.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Investment operations fees | $259M | $217M | $42.0M | +19% |
| Investment management fees from investment management agreements | $136M | $120M | $15.8M | +13% |
| Investment management fees from pooled investment products | $116M | $106M | $10.2M | +10% |
| Account fees and other | $22.6M | $20.7M | $1.9M | +9% |
| Asset management, administration and distribution fees | $533M | $463M | $69.9M | +15% |
| Investment processing fees - PaaS | $90.4M | $83.3M | $7.2M | +9% |
| Investment processing fees - SaaS | $26.0M | $25.8M | $233K | +0.9% |
| Professional services fees | $12.3M | $6.1M | $6.2M | +102% |
| Revenue | $662M | $579M | $83.5M | +14% |
| Gross profit | $232M | $203M | $29.4M | +14% |
| Cost of revenue | $430M | $376M | $54.2M | +14% |
| Other income, net | $16.6M | $50.8M | −$34.2M | -67% |
| Operating profit | $198M | $160M | $38.0M | +24% |
| Operating expenses | $34.1M | $42.8M | −$8.7M | -20% |
| Pre-tax earnings | $215M | $211M | $3.9M | +2% |
| Net earnings | $168M | $164M | $4.1M | +2% |
| Minority interests | $3.0M | $382K | $2.6M | +682% |
| Income tax | $43.3M | $46.1M | −$2.8M | -6% |
| Share-based compensation | $16.0M | $14.0M | $2.0M | +15% |
| Working capital & other | $33.7M | $60.1M | −$26.4M | -44% |
| Operating cash flow | $218M | $238M | −$20.3M | -9% |
| Free cash flow (OCF − capex) | $208M | $230M | −$21.4M | -9% |
| Capital expenditures | $9.7M | $8.6M | $1.1M | +12% |
Questions
How much did SEI Investments's revenue grow year over year in Q3 2026?
SEI Investments's revenue rose $83.5M (+14%) from $579M in Q3 2025 to $662M in Q3 2026.
What drove SEI Investments's revenue change in Q3 2026?
Asset management, administration and distribution fees +$69.9M (+15%); Investment processing fees - PaaS +$7.2M (+9%); Professional services fees +$6.2M (+102%).