SEI Reports Second-Quarter 2025 Financial Results

Core Insights - SEI Investments Company reported strong financial results for Q2 2025, with a 70% increase in EPS, 8% growth in revenue, and 9% growth in operating income compared to Q2 2024 [1][2][8] - The operating margin improved to 27%, reflecting the company's strategic investments in talent, technology, and infrastructure to support growth [1][2][8] Financial Performance - Earnings Per Share (EPS): Q2 2025 EPS was $1.78, up 70% from $1.05 in Q2 2024, benefiting from a $0.58 impact from various items, including a $94.4 million gain from the sale of the Family Office Services business [1][2][8] - Revenue: Total revenues for Q2 2025 were $559.6 million, an 8% increase from $519.0 million in Q2 2024 [2][8] - Operating Income: Operating income rose to $148.6 million, a 9% increase from $136.5 million in the same quarter last year [2][8] - Net Income: Net income for Q2 2025 was $227.1 million, a 63% increase from $139.1 million in Q2 2024 [2][8] Business Segment Performance - Investment Managers: Revenues increased by 8% to $195.1 million, with operating profit growing by 7% to $73.4 million [4][5] - Private Banks: Revenues grew by 7% to $141.4 million, and operating profit increased by 11% to $22.7 million [4][5] - Investment Advisors: Revenues rose by 14% to $137.2 million, with operating profit up 19% to $61.4 million [4][5] - Institutional Investors: Revenues decreased by 3% to $69.3 million, but operating profit remained stable at $33.5 million [5] Strategic Initiatives - The company is focused on innovation and growth, as highlighted by its strategic investment in Stratos Wealth Holdings [3] - SEI is enhancing its capabilities through investments in technology and talent to meet evolving client needs [1][3] Shareholder Actions - SEI repurchased 2.2 million shares for $180.8 million during Q2 2025, bringing total shares repurchased to 9.0 million over the trailing 12 months [8]