SEI Q3 EPS $1.38, Adjusted EPS $1.64 (+24%), Adds $800M to Buyback
SEIC sits 44% above its 52-week low of $75.08.
Summary
SEI beat on the adjusted line with Q3 revenue up 14% and adjusted EPS up 24% to $1.64, while a $32.5M Stratos termination charge dragged GAAP EPS to $1.38. The board added $800M to the buyback, bringing available authorization to about $926M.
Key Events · Earnings and Guidance · SEIC
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Q3 Revenue Up 14% to $662M
Revenue rose 14% YoY to $662.0M, and GAAP operating income rose 24% to $198.0M — a 30% operating margin. Adjusted operating income was $208.5M (+25%) at a 31% adjusted margin.
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Adjusted EPS $1.64, GAAP $1.38
Adjusted diluted EPS rose 24% to $1.64; GAAP diluted EPS was $1.38 (+6%) after a $32.5M one-time charge tied to terminating the Stratos/NSC acquisition.
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Buyback Authorization Raised $800M
The board approved an additional $800.0M on 2026-10-20, lifting available repurchase capacity to approximately $925.6M. SEI bought back 2.0M shares for $215.1M at an average $105.24 in Q3 and expects a similar Q4 level.
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Record Sales Year at $157M YTD
Q3 net sales events were $46.8M, the second-highest quarter in SEI's history, bringing YTD to $157.4M — already above the prior full-year record. Investment Managers contributed $32.0M.
Analysis · SEIC · Crypto Assets
The operating leverage story holds: revenue rose 14% to $662.0M and adjusted operating income climbed 25%, lifting adjusted operating margin to 31% even after a $6.4M incentive-compensation accrual. Headline GAAP EPS of $1.38 (+6%) understates the quarter because it absorbs a $32.5M one-time charge from terminating the Stratos deal to buy Mexican subsidiary NSC — adjusted EPS of $1.64 (+24%) is the cleaner read. For holders, the more actionable item is capital return: the board added $800M to the repurchase authorization on October 20, lifting available capacity to roughly $925.6M, and management guided to a similar ~$215M of buybacks in Q4. Against a $13.0B market cap, that authorization is meaningful support for the share count, which already fell 3% year over year and lifted per-share results. Watch the elevated incentive-compensation accrual into Q4 — it clipped roughly 100 basis points off sequential adjusted margin — and the $5.3B of LSV net outflows, which management expects to improve.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SEIC was trading at $108.43 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $13B. The 52-week trading range was $75.08 to $112.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.