SEI Q3 2026 Earnings Call: Revenue Rises 14% as Sales Reach Record Pace
Source Tradingkey
Key Takeaways
- SEI reported third-quarter 2026 revenue growth of 14%, adjusted operating profit growth of 25% and adjusted EPS growth of 24% year over year.
- Net sales events reached $47 million, the second-highest quarterly result in company history. Year-to-date sales events totaled $157 million, already exceeding SEI’s previous full-year record.
- Adjusted operating margin expanded 260 basis points year over year. A $6 million incentive compensation adjustment reduced the quarterly margin by approximately 100 basis points.
- Investment Managers led organic growth, with revenue and operating profit both rising 14%. Alternative asset managers generated nearly 90% of the segment’s quarterly sales events.
- Private Banking revenue increased 11% and operating profit rose 38%, supported by professional services, platform expansion and international asset management.
- Management described pipelines as strong into Q4 2026 and early 2027, while emphasizing that the timing of Institutional conversions remains difficult to predict.
Core Financial Data
| Metric | Q3 2026 result or change | Commentary |
|---|---|---|
| Revenue growth | +14% YoY | Growth broadened across multiple businesses |
| Adjusted operating profit growth | +25% YoY | Included a $6 million incentive compensation adjustment |
| Adjusted EPS growth | +24% YoY | Adjusted EPS was nearly 50% above the level two years earlier |
| Adjusted operating margin | +260 bps YoY | Declined 80 bps sequentially due to incentive compensation |
| Net sales events | $47 million | Second-highest quarterly result in SEI history |
| Year-to-date sales events | $157 million | Exceeded SEI’s previous full-year record |
| Ending cash | $400 million | Modestly higher than Q2 |
| Share repurchases | $215 million | Average repurchase price of $105 per share |
| Assets under administration | +4% QoQ | Driven by IMS expansion and funding of recently won mandates |
| Ending AUM | Essentially flat QoQ | Adviser inflows largely offset Institutional outflows |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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