SEI Investments (SEIC) financial statements
SEI Investments reported revenue of $2.3B in fiscal 2025, up 5.6% a year over 9 years.
Net income was $715M and the operating margin 27.3%, against 26.8% in 2016.
Free cash flow was $555M, and the company returned $124M in dividends and $628M in net buybacks.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SEI Investments's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | $1.6B | $1.7B | $1.9B | $2.0B | $1.9B | $2.1B | $2.3B |
| Gross profit | $435M | $461M | $508M | $533M | $520M | $645M | $644M | $557M | $699M | $808M |
| Selling, general and admin | — | $64M | $66M | $72M | $74M | $92M | $356M | $303M | $322M | $355M |
| Operating income | $376M | $397M | $442M | $460M | $446M | $553M | $476M | $425M | $552M | $627M |
| Interest expense | $531,000 | $781,000 | $645,000 | $630,000 | $609,000 | $563,000 | $749,000 | $583,000 | $563,000 | $609,000 |
| Pre-tax income | $508M | $557M | $614M | $631M | $569M | $694M | $609M | $595M | $747M | $916M |
| Income tax | $175M | $153M | $108M | $130M | $121M | $147M | $134M | $132M | $166M | $199M |
| Net income | $334M | $404M | $506M | $501M | $447M | $547M | $475M | $462M | $581M | $715M |
| EPS (diluted) | $2.03 | $2.49 | $3.14 | $3.24 | $3.00 | $3.81 | $3.46 | $3.46 | $4.41 | $5.63 |
| Diluted shares | 164M | 162M | 161M | 155M | 149M | 143M | 137M | 134M | 132M | 127M |
| Gross margin | 31.0% | 30.2% | 31.3% | 32.3% | 30.9% | 33.6% | 32.3% | 29.0% | 32.9% | 35.2% |
| Operating margin | 26.8% | 26.0% | 27.2% | 27.9% | 26.5% | 28.8% | 23.9% | 22.1% | 26.0% | 27.3% |
| Net margin | 23.8% | 26.5% | 31.1% | 30.4% | 26.6% | 28.5% | 23.9% | 24.1% | 27.3% | 31.1% |
Balance sheet
Fiscal years, from SEI Investments's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $696M | $744M | $755M | $841M | $785M | $831M | $853M | $835M | $840M | $400M |
| Receivables | $228M | $283M | $315M | $340M | $385M | $442M | $457M | $501M | $568M | $710M |
| Total current assets | $1.0B | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B | $1.3B |
| Property, plant and equipment | $146M | $146M | $146M | $161M | $189M | $179M | $181M | $171M | $160M | $150M |
| Goodwill | $0 | $53M | $64M | $64M | $64M | $117M | $116M | $137M | $170M | $355M |
| Total assets | $1.6B | $1.9B | $2.0B | $2.2B | $2.2B | $2.4B | $2.4B | $2.5B | $2.7B | — |
| Total current liabilities | $249M | $275M | $296M | $294M | $317M | $356M | $398M | $353M | $381M | $387M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | $334M | $377M | $379M | $413M | $427M | $494M | $430M | $388M | $432M | $800M |
| Shareholders' equity | $1.3B | $1.5B | $1.6B | $1.7B | $1.7B | $1.9B | $2.0B | $2.1B | $2.3B | $2.4B |
| Net debt | -$696M | -$744M | -$755M | -$841M | -$785M | -$831M | -$853M | -$835M | -$840M | -$400M |
Cash flow
Fiscal years, from SEI Investments's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $434M | $460M | $588M | $545M | $489M | $633M | $566M | $447M | $622M | $608M |
| Capital spending | $82M | $87M | $73M | $77M | $79M | $53M | $74M | $59M | $57M | $53M |
| Free cash flow | $352M | $373M | $515M | $468M | $410M | $581M | $492M | $388M | $566M | $555M |
| Stock-based compensation | $16M | $36M | $24M | $25M | $27M | $41M | $39M | $31M | $59M | $54M |
| Dividends paid | $85M | $89M | $94M | $101M | $104M | $106M | $110M | $115M | $120M | $124M |
| Share buybacks (net) | -$292M | -$248M | -$407M | -$346M | -$427M | -$408M | -$345M | -$309M | -$500M | -$628M |
| Free cash flow margin | 25.1% | 24.5% | 31.7% | 28.4% | 24.4% | 30.3% | 24.7% | 20.2% | 26.6% | 24.2% |
| Dividends per share | $0.52 | $0.55 | $0.58 | $0.65 | $0.70 | $0.74 | $0.80 | $0.86 | $0.91 | $0.98 |
Questions
What was SEI Investments's revenue in 2025?
$2.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does SEI Investments generate?
$555M in fiscal 2025 (operating cash flow minus capital spending).
From SEI Investments's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.