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SEI Investments SEIC Q2 2024 earnings

Reported July 24, 2024 · After market close

Revenue$519.0MMiss by $4.8M
EPS$1.05In line
Revenue estimate$523.8M
EPS estimate$1.05

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$656.4M
EPS estimate$1.58

Financials

Q2 2024

Income statement

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Revenue$519.0M+6.1%
Operating income$136.5M+21.2%
Net income$139.1M+17.1%
EPS (diluted)$1.05+18.0%

Balance sheet

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Cash & equivalents$768.6M-1.1%
Total debt$33.1M+22.0%
Total equity$2.2B+11.1%
Total assets$2.5B+8.8%

Cash flow

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Operating cash flow$114.7M+68.5%
CapEx$7.7M+32.7%
Free cash flow$107.0M+71.9%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$8.46B+7.3%
Enterprise value$7.73B+8.3%
P/E16.7×-3.0×
P/S4.2×+0.1×

Profitability

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Operating margin23.7%+4.7pp
Net margin25.4%+4.3pp
FCF margin23.2%+3.0pp

Returns & leverage

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Return on equity23.7%+3.5pp
Debt / equity0.0×
Current ratio6.3×+1.0×

Segments

By product

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Investment operations fees$181.9M+18.9%
Investment management fees from investment management agreements$105.3M+0.6%
Investment management fees from pooled investment products$104.0M-2.6%
Investment processing fees - PaaS$73.9M+24.5%
Investment processing fees - SaaS$28.7M-19.6%

By geography

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United States$443.1M+5.6%
United Kingdom$41.0M+11.8%
Ireland$16.4M+5.7%
Canada$11.5M-1.0%
Luxembourg$7.0M+20.0%

By segment

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Investment Advisors$120.6M+10.0%
Institutional Investors$71.5M-4.8%
Investments In New Businesses$14.6M+199%

Versus estimates

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Questions, answered.

When did SEI Investments report Q2 2024 earnings?
SEI Investments (SEIC) reported Q2 2024 earnings on July 24, 2024 after market close.
What were SEI Investments's Q2 2024 revenue and EPS?
SEI Investments reported revenue of $519.0M and eps of $1.05 for Q2 2024.
Did SEI Investments beat estimates in Q2 2024?
Revenue missed the consensus estimate of $523.8M by $4.8M. EPS beat the consensus estimate of $1.05 by $0.00.
Where can I find SEI Investments's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000350894-24-000102) directly on SEC EDGAR. The filing index links above go to sec.gov.