SEI Investments Company (SEIC) Cash Flow: Operating & Free Cash Flow

SEI Investments Company (SEIC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), SEI Investments Company generated $607.66M of operating cash flow and spent $22.64M on capital expenditures. That left free cash flow of $585.02M, up 3.4% from $565.78M a year earlier, or 25.5% of revenue. It returned $752.33M to shareholders through $124.20M in dividends and $628.13M in share buybacks.

SEI Investments Company Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for SEI Investments Company (SEIC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	717.55	581.19	462.26	475.47	546.59	447.29	501.43	505.87	404.39
Depreciation & Amortization	77.08	75.23	73.97	87.94	92.63	83.93	80.86	77.69	75.59
Deferred Income Tax	59.24	-13.78	-33.50	-46.49	-7.83	-1.04	-3.41	6.00	-21.05
Stock Based Compensation	53.56	58.63	31.31	39.40	41.45	27.01	24.58	23.81	36.37
Change in Working Capital	-168.80	-58.63	-83.38	19.33	-34.19	-73.35	-35.83	-22.16	-19.32
Change in Accounts Receivable	-159.27	-64.62	-38.27	-18.64	-57.71	-45.87	-29.80	-25.86	-47.63
Change in Inventory	0.00	0.00	0.00	0.00	19.73	-24.73	-1.56	2.92	17.41
Change in Accounts Payable	-7.86	2.46	-2.67	2.97	0.25	3.34	-6.50	5.65	-0.91
Change in Other Working Capital	-1.67	3.53	-3.54	35.00	3.54	-6.10	2.03	-4.87	11.81
Other Operating Activities	-130.95	-20.30	-39.30	-9.53	-5.56	4.84	-22.50	-2.80	-16.08
Net Cash from Operating Activities	607.66	622.34	447.03	566.12	633.10	488.68	545.12	588.40	459.90
Investing Activities
Capital Expenditures	-22.64	-56.57	-24.84	-74.48	-52.54	-78.57	-77.17	-73.32	-86.57
Acquisitions	-302.05	-38.52	-56.44	0.00	-80.16	-24.12	-34.07	-5.79	-80.23
Purchases of Investments	-157.51	-177.03	-143.39	-178.22	-216.26	-143.49	-175.00	-203.46	-69.53
Sales/Maturities of Investments	123.80	152.92	121.99	161.16	195.10	155.95	171.45	167.88	65.83
Other Investing Activities	-40.69	-22.45	-4.91	1.73	-11.02	22.73	36.61	-8.68	-1.81
Net Cash from Investing Activities	-399.09	-117.30	-141.54	-89.81	-164.88	-67.50	-78.18	-123.37	-172.30
Financing Activities
Debt Repayment	0.00	0.00	0.00	-40.00	40.00	0.00	0.00	-30.00	30.00
Common Stock Issued	144.23	126.01	101.17	58.19	55.23	49.41	60.91	87.98	53.57
Common Stock Repurchased	-628.14	-500.06	-308.85	-344.72	-408.07	-427.00	-346.35	-407.38	-248.34
Dividends Paid	-124.20	-120.35	-114.84	-109.83	-105.52	-103.91	-100.75	-94.32	-88.86
Other Financing Activities	18.60	0.00	-8.80	-0.87	-3.97	-0.63	-0.43	0.00	0.00
Net Cash from Financing Activities	-589.50	-494.40	-331.32	-437.24	-422.32	-482.14	-386.62	-443.72	-253.63
Summary
Effect of Forex Changes on Cash	-59.46	-5.45	7.48	-17.47	-1.87	4.13	6.19	-11.02	14.58
Net Change in Cash	-440.39	5.20	-18.36	21.60	44.03	-56.82	86.51	10.29	48.55
Cash at Beginning of Period	840.19	835.00	853.36	831.76	787.73	844.55	758.04	747.75	695.70
Cash at End of Period	399.80	840.19	835.00	853.36	831.76	787.73	844.55	758.04	744.25
Free Cash Flow	585.02	565.78	422.20	491.64	580.57	410.12	467.95	515.09	373.33
Supplemental Disclosures
Interest Paid	-	0.56	0.70	0.82	0.55	-	-	-	-
Income Taxes Paid	-	185.30	145.97	192.51	154.27	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About SEI Investments Company Cash Flow

What is SEI Investments Company's free cash flow?

SEI Investments Company generated free cash flow of $585.02M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $607.66M minus $22.64M of capital expenditures. That was up 3.4% from $565.78M a year earlier. Free cash flow equaled 25.5% of revenue.

How much does SEI Investments Company spend on capital expenditures?

SEI Investments Company spent $22.64M on capital expenditures in fiscal 2025, compared with $56.57M a year earlier. That equals 3.7% of operating cash flow.

Does SEI Investments Company pay dividends or buy back shares?

Yes. In fiscal 2025 SEI Investments Company returned $124.20M in dividends and $628.13M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition