Abstract

SEI Investments will release quarterly results on April 22, 2026 Post Market; our preview synthesizes company guidance, Street forecasts, and recent commentary to frame expectations for revenue, margins, and adjusted EPS alongside the drivers most likely to move the stock.

Market Forecast

Consensus for the current quarter points to total revenue of 637.07 million US dollars, EBIT of 177.06 million US dollars, and adjusted EPS of 1.32, implying year-over-year growth of 16.33%, 21.43%, and 17.53%, respectively. Forecast commentary suggests a broadly stable margin structure, with revenue mix favoring higher-fee lines that support earnings power in the quarter; the most promising contributor is the investment manager unit at 220.84 million US dollars last quarter, with outsized scale and a favorable setup for continued year-over-year expansion.

Last Quarter Review

SEI Investments reported revenue of 607.93 million US dollars, a gross profit margin of 78.85%, GAAP net profit attributable to shareholders of 173.00 million US dollars, a net profit margin of 28.38%, and adjusted EPS of 1.34, with revenue growing 9.11% year over year and adjusted EPS up 12.61% year over year. The quarter featured resilient profitability with quarter-on-quarter net profit growth of 5.05% and solid operating leverage; by business mix, investment manager generated 220.84 million US dollars, investment advisor 156.16 million US dollars, and private banking 149.78 million US dollars, constituting the bulk of revenue with healthy year-over-year momentum.

Current Quarter Outlook

Main operating engine

The company’s most material revenue streams last quarter were investment manager at 220.84 million US dollars, investment advisor at 156.16 million US dollars, and private banking at 149.78 million US dollars. With revenue forecast to 637.07 million US dollars and adjusted EPS to 1.32, the core fee-based model is set to benefit from positive operating leverage as mix skews toward higher-fee activities. A revenue growth profile of 16.33% year over year alongside a forecast EBIT expansion of 21.43% points to incremental efficiency gains and disciplined expense control. Assuming a steady gross margin orientation near the prior quarter’s 78.85%, the model supports the consensus EPS trajectory.

Largest growth potential

Within the portfolio, investment manager stands out as the largest single revenue contributor at 220.84 million US dollars, giving it the clearest path to scale-led margin support. Its weight within total revenue creates a natural lever for EBIT outperformance when fee realization improves or flows tilt positive. Given the quarter’s forecast revenue growth of 16.33% and the 21.43% projected uplift in EBIT, continued strength in this segment would likely drive both topline resilience and margin carry-through, especially if organic flows and market appreciation remain constructive.

What matters for the stock this quarter

Share performance is likely to hinge on the balance of fee revenue expansion and cost discipline, as indicated by the gap between forecast revenue growth of 16.33% and EBIT growth of 21.43%. Investors will focus on whether the company sustains a net profit margin profile near the prior quarter’s 28.38%, which would validate positive operating leverage. Delivery versus the adjusted EPS estimate of 1.32 will frame sentiment, while any commentary on client activity, asset flows, and pricing in core fee lines could reset expectations for the remaining quarters of the year.

Analyst Opinions

Street commentary over the past quarter is predominantly constructive, with the majority of notes highlighting the resilience of fee revenue and the potential for margin expansion as operating scale improves. Analysts who are supportive emphasize the prospect of mid-teens revenue growth translating to faster EBIT and EPS growth given the cost base, and they view the investment manager franchise as well positioned to convert better client activity into outsized earnings contribution. The bullish camp expects the company to at least meet revenue guidance near 637.07 million US dollars and sees upside risk to EBIT against the 177.06 million US dollars forecast if revenue mix skews toward higher-fee categories. Many also point to the prior quarter’s 78.85% gross margin and 28.38% net margin as markers of earnings quality that can underpin valuation if sustained.