NYSE: FHI
FEDERATED HERMES, INC.CIK 0001056288 · SIC 6282 · Investment Advice
Mid
Revenue $1.8B
Assets $2.5B
as of Nov 1, 2026
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10-Q
Filed Oct 30, 2026
· Period ending Sep 30, 2026
Federated Hermes' third-quarter revenue rose 8.1% to $507.3M, and net income increased 7.5% to $111.9M.
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8-K
Filed Oct 29, 2026
· Period ending Oct 29, 2026
Summary not yet generated.
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10-Q
Filed Jul 31, 2026
· Period ending Jun 30, 2026
Federated Hermes Q2 revenue +18.3% to $502.8M, net income +14.6% to $104.3M; FCP acquisition closes
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8-K
Filed Jul 30, 2026
· Period ending Jul 30, 2026
Summary not yet generated.
10-Q
Filed May 1, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed Apr 30, 2026
· Period ending Apr 30, 2026
Summary not yet generated.
8-K
Filed Apr 9, 2026
· Period ending Apr 9, 2026
Summary not yet generated.
10-K
Filed Feb 27, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Oct 31, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed Aug 1, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-K
Filed Feb 28, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Oct 30, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income
(dollars in thousands, except per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenue | ||||
| Investment Advisory Fees, net—Affiliates | 276,938 | 244,712 | 797,278 | 693,432 |
| Investment Advisory Fees, net—Other | 69,853 | 65,654 | 206,642 | 191,829 |
| Administrative Service Fees, net—Affiliates | 110,492 | 107,234 | 330,894 | 310,000 |
| Other Service Fees, net—Affiliates | 46,210 | 41,332 | 137,199 | 102,641 |
| Other Service Fees, net—Other | 3,836 | 10,514 | 17,049 | 19,928 |
| Total Revenue | 507,329 | 469,446 | 1,489,062 | 1,317,830 |
| Operating Expenses | ||||
| Compensation and Related | 151,706 | 144,563 | 467,353 | 432,705 |
| Distribution | 122,038 | 113,569 | 369,548 | 312,052 |
| Systems and Communications | 26,156 | 26,023 | 78,570 | 73,730 |
| Professional Service Fees | 19,510 | 20,239 | 66,456 | 57,415 |
| Office and Occupancy | 9,522 | 10,129 | 29,419 | 29,991 |
| Advertising and Promotional | 5,548 | 5,264 | 16,975 | 15,985 |
| Travel and Related | 4,782 | 4,665 | 13,190 | 12,335 |
| Intangible Asset Related | 4,924 | 3,556 | 14,730 | 10,255 |
| Other | 9,836 | 11,986 | 20,302 | (4,946) |
| Total Operating Expenses | 354,022 | 339,994 | 1,076,543 | 939,522 |
| Operating Income | 153,307 | 129,452 | 412,519 | 378,308 |
| Nonoperating Income (Expenses) | ||||
| Investment Income, net | 4,336 | 6,473 | 14,301 | 18,720 |
| Gain (Loss) on Securities, net | (2,385) | 7,632 | 8,634 | 19,807 |
| Debt Expense | (3,165) | (3,182) | (9,509) | (9,531) |
| Other, net | (27) | (48) | (80) | (110) |
| Total Nonoperating Income (Expenses), net | (1,241) | 10,875 | 13,346 | 28,886 |
| Income Before Income Taxes | 152,066 | 140,327 | 425,865 | 407,194 |
| Income Tax Provision | 41,187 | 34,232 | 112,226 | 100,532 |
| Net Income Including the Noncontrolling Interests in Subsidiaries | 110,879 | 106,095 | 313,639 | 306,662 |
| Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | (1,006) | 1,969 | 1,058 | 10,402 |
| Net Income | 111,885 | 104,126 | 312,581 | 296,260 |
| Amounts Attributable to Federated Hermes, Inc. | ||||
| Earnings Per Common Share—Basic and Diluted | 1.50 | 1.34 | 4.15 | 3.75 |
| Cash Dividends Per Share | 0.38 | 0.34 | 1.10 | 0.99 |
Consolidated Balance Sheets
(dollars in thousands)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and Cash Equivalents | 373,664 | 582,542 |
| Investments—Consolidated Investment Companies | 149,781 | 85,501 |
| Investments—Affiliates and Other | 56,826 | 56,254 |
| Receivables, net of reserve of $21 and $21, respectively | 74,010 | 47,553 |
| Receivables—Affiliates | 46,073 | 42,225 |
| Prepaid Expenses | 39,638 | 36,832 |
| Other Current Assets | 2,606 | 12,885 |
| Total Current Assets | 742,598 | 863,792 |
| Long-Term Assets | ||
| Goodwill | 1,114,261 | 852,102 |
| Intangible Assets, net of accumulated amortization of $108,498 and $95,365, respectively | 385,072 | 331,510 |
| Property and Equipment, net of accumulated depreciation of $87,234 and $86,955, respectively | 49,130 | 24,838 |
| Right-of-Use Assets, net | 122,251 | 95,793 |
| Other Long-Term Assets | 53,765 | 61,302 |
| Total Long-Term Assets | 1,724,479 | 1,365,545 |
| Total Assets | 2,467,077 | 2,229,337 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts Payable and Accrued Expenses | 97,570 | 99,046 |
| Accrued Compensation and Benefits | 146,992 | 176,329 |
| Lease Liabilities | 19,872 | 20,147 |
| Other Current Liabilities | 35,215 | 18,619 |
| Total Current Liabilities | 299,649 | 314,141 |
| Long-Term Liabilities | ||
| Long-Term Debt | 348,565 | 348,369 |
| Long-Term Deferred Tax Liability, net | 179,384 | 183,542 |
| Long-Term Lease Liabilities | 126,454 | 88,491 |
| Other Long-Term Liabilities | 50,162 | 31,317 |
| Total Long-Term Liabilities | 704,565 | 651,719 |
| Total Liabilities | 1,004,214 | 965,860 |
| Commitments and Contingencies (Note (18)) | ||
| TEMPORARY EQUITY | ||
| Redeemable Noncontrolling Interests in Subsidiaries | 171,943 | 66,529 |
| PERMANENT EQUITY | ||
| Federated Hermes, Inc. Shareholders’ Equity | ||
| Common Stock: | ||
| Class A, No Par Value, 20,000 Shares Authorized, 9,000 Shares Issued and Outstanding | 189 | 189 |
| Class B, No Par Value, 900,000,000 Shares Authorized, 99,505,456 Shares Issued | 556,792 | 532,413 |
| Additional Paid-In Capital | 15,070 | 0 |
| Retained Earnings | 1,752,262 | 1,531,076 |
| Treasury Stock, at Cost, 25,583,774 and 23,118,490 Shares Class B Common Stock, respectively | (1,031,794) | (873,214) |
| Accumulated Other Comprehensive Income (Loss), net of tax | (1,599) | 6,484 |
| Total Permanent Equity | 1,290,920 | 1,196,948 |
| Total Liabilities, Temporary Equity and Permanent Equity | 2,467,077 | 2,229,337 |
Consolidated Statements of Cash Flows
(dollars in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net Income Including the Noncontrolling Interests in Subsidiaries | 313,639 | 306,662 |
| Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities | ||
| Depreciation and Amortization | 19,767 | 16,686 |
| Share-Based Compensation Expense | 24,458 | 23,178 |
| (Gain) Loss on Disposal of Assets | (6,697) | (6,077) |
| Provision (Benefit) for Deferred Income Taxes | (3,828) | 19,948 |
| Consolidation/(Deconsolidation) of Other Entities | 0 | (7,845) |
| Net Unrealized (Gain) Loss on Investments | (1,937) | (13,730) |
| Net Sales (Purchases) of Investments—Consolidated Investment Companies | (64,447) | (144,529) |
| Other Changes in Assets and Liabilities: | ||
| (Increase) Decrease in Receivables, net | 807 | (8,472) |
| (Increase) Decrease in Prepaid Expenses and Other Assets | 7,270 | (39,412) |
| Increase (Decrease) in Accounts Payable and Accrued Expenses | (36,494) | (41,011) |
| Increase (Decrease) in Other Liabilities | (8,631) | 30,747 |
| Net Cash Provided (Used) by Operating Activities | 243,907 | 136,145 |
| Investing Activities | ||
| Purchases of Investments—Affiliates and Other | (8,930) | (5,608) |
| Cash Paid for Business Acquisitions, Net of Cash Acquired | (213,288) | (12,755) |
| Proceeds from Redemptions of Investments—Affiliates and Other | 15,000 | 15,485 |
| Cash Paid for Property and Equipment | (19,980) | (3,188) |
| Other Investing Activities | 0 | (6,028) |
| Net Cash Provided (Used) by Investing Activities | (227,198) | (12,094) |
| Financing Activities | ||
| Dividends Paid | (83,103) | (78,516) |
| Purchases of Treasury Stock | (186,127) | (185,676) |
| Distributions to Noncontrolling Interests in Subsidiaries | (26,535) | (33,313) |
| Contributions from Noncontrolling Interests in Subsidiaries | 71,196 | 158,100 |
| Other Financing Activities | 320 | 8 |
| Net Cash Provided (Used) by Financing Activities | (224,249) | (139,397) |
| Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (2,578) | 14,550 |
| Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (210,118) | (796) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period | 584,381 | 507,567 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period | 374,263 | 506,771 |
| Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets | 599 | 492 |
| Cash and Cash Equivalents | 373,664 | 506,279 |
Amounts as printed on the EDGAR/iXBRL face — (dollars in thousands, except per share data); (dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗