•
Mar 31

SEI Q1 2025 Earnings Report

SEI reported strong earnings and operating income growth in Q1 2025.

Key Takeaways

SEI Investments Company delivered a solid Q1 2025 performance, with 18% EPS growth and 25% increase in operating income, supported by record net sales and improved segment profitability.

Total Revenue
$551M
Previous year: $512M
+7.8%
EPS
$1.17
Previous year: $0.99
+18.2%
Earnings from LSV
$28.7M
Previous year: $31.6M
-9.2%
Effective Tax Rate
22.83%
Shares Repurchased
2.5M
Cash and Equivalents
$711M
Previous year: $879M
-19.1%
Total Assets
$2.57B
Previous year: $2.57B
-0.1%

SEI

SEI

SEI Revenue by Segment

Forward Guidance

SEI anticipates continued strong execution of growth strategies amid stable sales pipelines, with caution around market volatility and late-2024 AUM declines.

Positive Outlook

  • Record high net sales events in Q1 2025 at $46.6 million.
  • Stable and solid sales pipeline going into Q2.
  • Strong operating margin at 28%, highest in three years.
  • Continued growth in Private Banks and Investment Managers segments.
  • Positive inflows into strategist and SMA offerings.

Challenges Ahead

  • Earnings from LSV decreased year-over-year.
  • Modest revenue declines in Advisors and Institutional Investors vs. Q4.
  • Full-quarter impact of late-2024 AUM declines.
  • Slightly lower incentive fees at LSV.
  • Ongoing market volatility could impact future activity.