SEI Reports Fourth-Quarter 2024 Financial Results
Press release
SEI Reports Fourth-Quarter 2024 Financial Results
OAKS, Pa., Jan. 29, 2025 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth quarter 2024. Relative to the fourth quarter 2023, EPS increased by 31%, and revenue and operating income grew by 15% and 43%, respectively, with operating margins increasing to 26%.
Consolidated overview
(in thousands, except earnings per share)
| For the Three Months Ended December 31, | For the Nine Months Ended December 31, | ||||||
| 2024 | 2023 | % | 2024 | 2023 | % | ||
| Revenues | $557,190 | $484,858 | 15% | $2,125,151 | $1,919,793 | 11% | |
| Operating income | 145,544 | 101,684 | 43% | 551,741 | 424,524 | 30% | |
| Operating margin | 26 % | 21 % | 25% | 26 % | 22 % | 17% | |
| Net income | 155,771 | 120,731 | 29% | 581,191 | 462,258 | 26% | |
| Diluted earnings per share | $1.19 | $0.91 | 31% | $4.41 | $3.46 | 27% | |
“Our record 2024 results reflect consistent execution against our growth strategy, particularly the progress we have driven in the last 18 months. Our net sales events in 2024 increased 58% from 2023—representing a mix across our entire organization and reinforcing the high level of market engagement for our enterprise capabilities,” said CEO Ryan Hicke.
“We are focused on maximizing our return on invested capital across our segments and solutions globally. SEI has real momentum, and our employees’ commitment to delivering for our clients and embracing an enterprise-first mindset has been core to igniting that momentum. We’re excited for what’s ahead in 2025 and to continue delivering long-term value for our stakeholders.”
