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SEI Investments vs Piper Sandler Companies: SEIC and PIPR compared
SEI Investments is the larger company: $662M of revenue in its latest quarter (Q3 2026) against $444M for Piper Sandler Companies (Q3 2026). SEI Investments is growing faster (+14% against -8% a year earlier). SEI Investments is more profitable, with an operating margin of 29.9% against 15.0%.
Where the money goes: SEIC and PIPR
SEI Investments (SEIC) · Q3 2026
SEI Investments, Q3 2026: revenue $662M (+14% year over year), operating margin 29.9%, net earnings $168M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
Piper Sandler Companies (PIPR) · Q3 2026
Piper Sandler Companies, Q3 2026: revenue $444M (-8% year over year), operating margin 15.0%, net earnings $55.4M, operating cash flow $350M. The chart follows the revenue to costs, profit and cash.
| SEI Investments (SEIC) | Piper Sandler Companies (PIPR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $662M | $444M |
| Revenue growth, Y/Y | +14% | -8% |
| Gross margin | 35.1% | — |
| Operating margin | 29.9% | 15.0% |
| Net earnings | $168M | $55.4M |
| Net margin | 25.4% | 12.5% |
| Operating cash flow | $218M | $350M |
| Free cash flow | $208M | — |
| Market value | $12.8B | $4.7B |
| P/E | 18.3× | 14.5× |
| Analysts’ mean target | $121.25 | $74.75 |
Where the revenue comes from
SEI Investments
- Asset management, administration and distribution fees: $533M (81%)
- Investment processing fees - PaaS: $90.4M (14%)
- Investment processing fees - SaaS: $26.0M (4%)
- Professional services fees: $12.3M (2%)
Questions
Which is bigger, SEI Investments or Piper Sandler Companies?
SEI Investments is the larger company: $662M of revenue in its latest quarter (Q3 2026) against $444M for Piper Sandler Companies (Q3 2026).
Is SEI Investments or Piper Sandler Companies growing faster?
SEI Investments is growing faster (+14% against -8% a year earlier).
Which is more profitable, SEI Investments or Piper Sandler Companies?
SEI Investments is more profitable, with an operating margin of 29.9% against 15.0%.
More: SEI Investments earnings · how SEI Investments makes money · Piper Sandler Companies earnings · how Piper Sandler Companies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.