At a glance
SEI Investments Company is worth $12.24B, about 18 times its fiscal 2025 earnings. Revenue grew 8.1% to $2.30B in fiscal 2025, with 31.1% kept as profit; over 5 years it has grown 6.4% a year. It pays a 1.01% dividend yield, raised every year for at least 9 years, and returned $2.76B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +27.6% over the past year with dividends reinvested and +12.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 47.2% in the 2020 crash (S&P 500: 33.7%) and 24.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 46 months and 2 months after the lows.
The business in plain English
SEI Investments, based in Oaks, Pennsylvania, sells the behind-the-scenes machinery of investing: software, back-office operations, custody (safekeeping client assets) and money management. Its clients include banks, asset managers, financial advisors and institutional investors. According to its fiscal 2025 annual report, SEI serves 8 of the top 20 U.S. banks and 43 of the top 100 investment managers worldwide. It manages, advises or administers about $1.9 trillion in assets.
Much of SEI's revenue comes from fees under long-term contracts, and many fees rise and fall with the value of client assets. In fiscal 2025, about 57% came from technology and operations outsourcing. That includes fund administration, custody and its SEI Wealth Platform. About 38% came from asset management fees. SEI managed $455.4 billion as of December 31, 2025. LSV Asset Management, a value-stock manager partly owned by SEI, managed another $99.2 billion.
SEI had $2.30 billion in revenue in fiscal 2025. The Investment Managers segment brought in 35% by running fund operations for traditional and alternative managers, such as private credit firms. Investment Advisors and Private Banks each contributed about 25%, and Institutional Investors 12%. About 85% of revenue came from the United States and 7% from the United Kingdom. In December 2025, SEI completed the first stage of an investment in Stratos Wealth Holdings, a network of financial advisor firms.
Price history
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SEIC +27.6% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Investment operations fees | $858.9M | 37.4% |
| Investment management fees from investment management agreements | $466.5M | 20.3% |
| Investment management fees from pooled investment products | $410.6M | 17.9% |
| Investment processing fees - PaaS | $331.0M | 14.4% |
| Investment processing fees - SaaS | $114.3M | 5% |
| Account fees and other | $83.5M | 3.6% |
| Professional services fees | $32.5M | 1.4% |
By business segment
| Investment Managers | $815.0M | 35.5% |
| Investment Advisors | $577.4M | 25.1% |
| Private Banks | $572.9M | 24.9% |
| Institutional Investors | $282.5M | 12.3% |
| Investments in New Businesses | $49.5M | 2.2% |
By geography
| United States | $1.96B | 85.2% |
| United Kingdom | $165.0M | 7.2% |
| Ireland | $88.9M | 3.9% |
| Canada | $48.6M | 2.1% |
| Luxembourg | $37.1M | 1.6% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $662.0M, up 14.4% from a year earlier, and net income was $168.3M (+2.5%).
- For fiscal 2025, revenue was $2.30B (+8.1% year over year; +6.4% a year from FY2020 to FY2025) with a 31.1% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +6.4% good |
|---|---|
| Return on equity | 29.2% good |
| Net income / revenue | 31.1% good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.68B | $447.3M | — |
| FY2021 | $1.92B | $546.6M | — |
| FY2022 | $1.99B | $475.5M | — |
| FY2023 | $1.92B | $462.3M | — |
| FY2024 | $2.13B | $581.2M | — |
| FY2025 | $2.30B | $715.3M | — |
Valuation snapshot
| Market value | $12.24B |
|---|---|
| P/E ratio | 18.3 |
| Dividend yield | 1.01% |
Rank among 1514 US companies
Market value at each year end
SEI Investments’s market value went from $7.90B at the end of 2016 to $12.24B on Oct 28, 2026, up 55%; since the end of 2025 it is up 22%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $12.24B | +21.9% |
| 2025 | $10.04B | -5.5% |
| 2024 | $10.63B | +27.1% |
| 2023 | $8.36B | +6.4% |
| 2022 | $7.86B | -7.5% |
| 2021 | $8.50B | +2.3% |
| 2020 | $8.31B | -15.6% |
| 2019 | $9.84B | +36.9% |
| 2018 | $7.19B | -36.5% |
| 2017 | $11.32B | +43.3% |
| 2016 | $7.90B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SEIC price data to Oct 28, 2026 | +26.6% | +27.6% | +26.3% | +12.0% | +10.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +26.6% |
| 2025 | +0.6% |
| 2024 | +31.5% |
| 2023 | +10.6% |
| 2022 | -2.9% |
| 2021 | +7.4% |
| 2020 | -11.1% |
| 2019 | +43.4% |
| 2018 | -34.9% |
| 2017 | +47.0% |
| 2016 | -4.8% |
| 2015 | +33.0% |
| 2014 | +16.8% |
| 2013 | +50.8% |
| 2012 | +38.5% |
| 2011 | -26.0% |
| 2010 | +37.0% |
| 2009 | +13.2% |
| 2008 | -50.9% |
| 2007 | +8.3% |
| 2006 | +61.5% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 68.1% over that stretch · deepest drop along the way 71.2%, back to its old high 50.6 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 47.1% over that stretch · deepest drop along the way 47.2%, back to its old high 46.3 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 21.7% over that stretch · deepest drop along the way 24.7%, back to its old high 1.6 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 35 sales ($47.5M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jan 29, 2026 | Ryan Hicke CHIEF EXECUTIVE OFFICER, Director | sell | $4.4M |
| Aug 28, 2026 | Michael Peterson Executive Vice President | sell | $4.2M |
| Sep 3, 2026 | Ryan Hicke Chief Executive Officer | sell | $4.2M |
| Jun 26, 2026 | Alfred P Jr West Chairman Emeritus | sell | $4.0M |
| Sep 29, 2026 | Alfred P Jr West Chairman Emeritus | sell | $2.9M |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 7.9% | Sep 30, 2026 |
| Mari Shimokawa | 7.05% | Sep 30, 2024 |
| Loomis, Sayles & Co., L.P. | 7.04% | Jun 30, 2026 |
| Vanguard Portfolio Management | 5.02% | Mar 31, 2026 |
ETFs with the most weight in SEIC
| OUSM ALPS | O’Shares U.S. Small-Cap Quality Dividend ETF | 2.33% |
| IPDP Dividend Performers ETF | 2.11% |
| KCE SPDR S&P Capital Markets ETF | 1.72% |
| BSMC Brandes U.S. Small-Mid Cap Value ETF | 1.66% |
| VSDA VictoryShares Dividend Accelerator ETF | 1.15% |
| QMID WisdomTree U.S. MidCap Quality Growth Fund | 0.99% |
| LSAF LeaderShares AlphaFactor US Core Equity ETF | 0.97% |
| FSCS First Trust SMID Capital Strength ETF | 0.96% |
What could go wrong
- Losing a large client would hurt. A few large clients hold a big share of the assets SEI manages or administers. Many contracts can end on short notice, and U.S. fund boards must renew contracts every year. Clients may also merge or bring work in-house.
- LSV results can make earnings swing. SEI's profit includes its share of results from LSV Asset Management, a value-stock manager it does not control. The annual report lists LSV as a source of earnings volatility.
- Stratos and other deals may disappoint. The Stratos investment moves SEI into giving financial advice, something it could not do before. Bringing in Stratos and the LifeYield tax software could cost more, take longer or deliver less than planned.
- Steady pressure to cut fees. Investors want low-cost products, passive index funds keep gaining ground, and fintech rivals compete on price. If SEI cannot match prices or prove its value, profit margins could shrink.
- Fees fall when markets fall. A significant portion of revenue is based on the market value of client assets, so market declines cut revenue directly. SEI also earns fees from moving idle client cash into bank deposits. Those fees suffer if interest rates change or clients withdraw cash.
- Outages, breaches and AI-driven rivals. Clients depend on SEI's platforms and custody to run their businesses. System outages, data breaches or delayed software upgrades could drive clients away. So could competitors with newer AI-driven tools.
Recent events
- Quarterly results released; Investor presentation or announcement; Other company announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results; Other company announcement
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Executive or board change; Other company announcement
- Investor presentation or announcement
For income and retirement investors
SEI pays a small but steadily rising dividend. Dividends per share grew from $0.72 in fiscal 2020 to $1.01 in fiscal 2025, about 7% a year. The dividend has risen at least nine years in a row. Dividends used just 17.4% of fiscal 2025 earnings. The yield was 1.01% as of October 28, 2026, so most of an investor's return depends on share price gains. SEI returns more cash through buybacks: $2.19 billion over fiscal 2021–2025, against $575 million in dividends. Its share count fell 15% between October 2021 and October 2026.
The stock has fallen hard in crashes. It dropped 71.2% between December 2007 and March 2009 and did not recover until May 2013. It fell 47.2% in the 2020 COVID crash and took until February 2024 to regain its peak. In the 2022 bear market it fell 24.7% but recovered by December 2022. A single stock carries more risk than a diversified fund.
Questions investors ask
How does SEI Investments make money?
SEI makes money mainly from fees. In fiscal 2025, about 57% of its $2.30 billion revenue came from technology and operations outsourcing, such as fund administration, custody and its SEI Wealth Platform software. About 38% came from asset management fees. Its largest segment, Investment Managers, provided 35% of revenue by running fund operations for other managers. Many fees are based on the market value of client assets, so revenue tends to fall when markets drop.
Does SEI Investments raise its dividend every year?
Yes, so far. SEI has raised its dividend at least nine years in a row through fiscal 2025. Dividends per share grew from $0.72 in fiscal 2020 to $1.01 in fiscal 2025, about 7% a year. Dividends used 17.4% of fiscal 2025 earnings. The yield was 1.01% as of October 28, 2026, which is low for investors who need income. Past increases do not guarantee future ones.
Is SEI Investments growing?
Yes, at a moderate pace. Revenue grew from $1.68 billion in fiscal 2020 to $2.30 billion in fiscal 2025, about 6.4% a year, and rose 8.1% in fiscal 2025 alone. Net income jumped 23.1% that year to $715 million. Diluted earnings per share reached $5.63, up from $3.00 in fiscal 2020, helped partly by buybacks. In the quarter ended September 30, 2026, revenue rose 14.4% from a year earlier to $662 million, while net income rose just 2.5%.
How has SEI Investments stock performed?
It has gained over the long run, with deep drops along the way. Based on share price, it returned about 10.2% a year over the 10 years to October 28, 2026, 12% a year over five years and 27.6% over one year. It fell 71.2% in the 2008 financial crisis and 47.2% in the 2020 COVID crash. As of October 28, 2026, it traded at 18.3 times fiscal 2025 earnings, with a market value of about $12.2 billion.
Who owns SEI Investments stock?
BlackRock holds the largest disclosed stake: 7.9% as of September 30, 2026. Loomis, Sayles & Co. reported 7.04% as of June 30, 2026, and Vanguard Portfolio Management 5.02% as of March 31, 2026. Mari Shimokawa reported 7.05% as of September 30, 2024. Insiders sold rather than bought. Insider trading reports from October 29, 2025 to October 29, 2026 show at least 35 sales worth about $47.5 million and no purchases. They include sales by CEO Ryan Hicke and Chairman Emeritus Alfred P. West Jr.