NYSE: FHI
FEDERATED HERMES, INC.CIK 0001056288 · SIC 6282 · Investment Advice
Mid
Revenue $1.8B
Assets $2.3B
as of Sep 13, 2026
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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.
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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 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 Jul 31, 2026 (period ending Jun 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 June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | ||||
| Investment Advisory Fees, net—Affiliates | 267,936 | 225,347 | 520,340 | 448,720 |
| Investment Advisory Fees, net—Other | 69,785 | 62,088 | 136,789 | 126,175 |
| Administrative Service Fees, net—Affiliates | 110,117 | 101,657 | 220,402 | 202,766 |
| Other Service Fees, net—Affiliates | 46,201 | 30,442 | 90,989 | 61,309 |
| Other Service Fees, net—Other | 8,737 | 5,310 | 13,213 | 9,414 |
| Total Revenue | 502,776 | 424,844 | 981,733 | 848,384 |
| Operating Expenses | ||||
| Compensation and Related | 161,528 | 144,872 | 315,647 | 288,143 |
| Distribution | 121,766 | 99,399 | 247,510 | 198,484 |
| Systems and Communications | 25,950 | 23,481 | 52,413 | 47,707 |
| Professional Service Fees | 25,610 | 18,628 | 46,946 | 37,176 |
| Office and Occupancy | 9,836 | 9,910 | 19,898 | 19,862 |
| Advertising and Promotional | 7,329 | 6,146 | 11,427 | 10,722 |
| Travel and Related | 4,558 | 4,117 | 8,408 | 7,670 |
| Intangible Asset Related | 6,384 | 3,503 | 9,805 | 6,699 |
| Other | 6,934 | (2,296) | 10,467 | (16,935) |
| Total Operating Expenses | 369,895 | 307,760 | 722,521 | 599,528 |
| Operating Income | 132,881 | 117,084 | 259,212 | 248,856 |
| Nonoperating Income (Expenses) | ||||
| Investment Income, net | 3,725 | 5,734 | 9,965 | 12,247 |
| Gain (Loss) on Securities, net | 10,605 | 11,213 | 11,019 | 12,175 |
| Debt Expense | (3,159) | (3,170) | (6,344) | (6,349) |
| Other, net | (22) | (35) | (53) | (62) |
| Total Nonoperating Income (Expenses), net | 11,149 | 13,742 | 14,587 | 18,011 |
| Income Before Income Taxes | 144,030 | 130,826 | 273,799 | 266,867 |
| Income Tax Provision | 37,216 | 34,135 | 71,039 | 66,300 |
| Net Income Including the Noncontrolling Interests in Subsidiaries | 106,814 | 96,691 | 202,760 | 200,567 |
| Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | 2,496 | 5,691 | 2,064 | 8,433 |
| Net Income | 104,318 | 91,000 | 200,696 | 192,134 |
| Amounts Attributable to Federated Hermes, Inc. | ||||
| Earnings Per Common Share—Basic and Diluted | 1.38 | 1.16 | 2.65 | 2.40 |
| Cash Dividends Per Share | 0.38 | 0.34 | 0.72 | 0.65 |
Consolidated Balance Sheets
(dollars in thousands)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and Cash Equivalents | 301,727 | 582,542 |
| Investments—Consolidated Investment Companies | 118,883 | 85,501 |
| Investments—Affiliates and Other | 60,100 | 56,254 |
| Receivables, net of reserve of $21 and $21, respectively | 72,789 | 47,553 |
| Receivables—Affiliates | 51,013 | 42,225 |
| Prepaid Expenses | 42,978 | 36,832 |
| Other Current Assets | 13,015 | 12,885 |
| Total Current Assets | 660,505 | 863,792 |
| Long-Term Assets | ||
| Goodwill | 1,081,061 | 852,102 |
| Intangible Assets, net of accumulated amortization of $103,643 and $95,365, respectively | 421,814 | 331,510 |
| Property and Equipment, net of accumulated depreciation of $89,199 and $86,955, respectively | 26,405 | 24,838 |
| Right-of-Use Assets, net | 90,517 | 95,793 |
| Other Long-Term Assets | 49,852 | 61,302 |
| Total Long-Term Assets | 1,669,649 | 1,365,545 |
| Total Assets | 2,330,154 | 2,229,337 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts Payable and Accrued Expenses | 104,443 | 99,046 |
| Accrued Compensation and Benefits | 108,066 | 176,329 |
| Lease Liabilities | 19,961 | 20,147 |
| Other Current Liabilities | 22,330 | 18,619 |
| Total Current Liabilities | 254,800 | 314,141 |
| Long-Term Liabilities | ||
| Long-Term Debt | 348,499 | 348,369 |
| Long-Term Deferred Tax Liability, net | 182,661 | 183,542 |
| Long-Term Lease Liabilities | 83,482 | 88,491 |
| Other Long-Term Liabilities | 63,858 | 31,317 |
| Total Long-Term Liabilities | 678,500 | 651,719 |
| Total Liabilities | 933,300 | 965,860 |
| Commitments and Contingencies (Note (17)) | ||
| TEMPORARY EQUITY | ||
| Redeemable Noncontrolling Interests in Subsidiaries | 144,164 | 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 | 550,903 | 532,413 |
| Additional Paid-In Capital from Treasury Stock Transactions | 8,262 | 0 |
| Retained Earnings | 1,668,693 | 1,531,076 |
| Treasury Stock, at Cost, 24,596,462 and 23,118,490 Shares Class B Common Stock, respectively | (973,836) | (873,214) |
| Accumulated Other Comprehensive Income (Loss), net of tax | (1,521) | 6,484 |
| Total Permanent Equity | 1,252,690 | 1,196,948 |
| Total Liabilities, Temporary Equity and Permanent Equity | 2,330,154 | 2,229,337 |
Consolidated Statements of Cash Flows
(dollars in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net Income Including the Noncontrolling Interests in Subsidiaries | 202,760 | 200,567 |
| Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities | ||
| Depreciation and Amortization | 13,291 | 11,053 |
| Share-Based Compensation Expense | 18,518 | 17,509 |
| (Gain) Loss on Disposal of Assets | (3,703) | (3,232) |
| Provision (Benefit) for Deferred Income Taxes | (552) | (849) |
| Net Unrealized (Gain) Loss on Investments | (7,316) | (8,943) |
| Net Sales (Purchases) of Investments—Consolidated Investment Companies | (31,773) | (83,444) |
| Other Changes in Assets and Liabilities: | ||
| (Increase) Decrease in Receivables, net | (5,278) | (5,507) |
| (Increase) Decrease in Prepaid Expenses and Other Assets | (4,132) | (3,748) |
| Increase (Decrease) in Accounts Payable and Accrued Expenses | (68,608) | (79,061) |
| Increase (Decrease) in Other Liabilities | (3,480) | (11,259) |
| Net Cash Provided (Used) by Operating Activities | 109,727 | 33,086 |
| Investing Activities | ||
| Purchases of Investments—Affiliates and Other | (7,567) | (2,738) |
| Cash Paid for Business Acquisitions, Net of Cash Acquired | (213,025) | (12,755) |
| Proceeds from Redemptions of Investments—Affiliates and Other | 11,535 | 5,735 |
| Cash Paid for Property and Equipment | (6,039) | (1,758) |
| Other Investing Activities | 0 | (6,028) |
| Net Cash Provided (Used) by Investing Activities | (215,096) | (17,544) |
| Financing Activities | ||
| Dividends Paid | (54,735) | (52,151) |
| Purchases of Treasury Stock | (128,733) | (185,655) |
| Distributions to Noncontrolling Interests in Subsidiaries | (13,881) | (21,903) |
| Contributions from Noncontrolling Interests in Subsidiaries | 22,831 | 90,440 |
| Other Financing Activities | 305 | 8 |
| Net Cash Provided (Used) by Financing Activities | (174,213) | (169,261) |
| Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (2,513) | 17,622 |
| Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (282,095) | (136,097) |
| 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 | 302,286 | 371,470 |
| Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets | 559 | 483 |
| Cash and Cash Equivalents | 301,727 | 370,987 |
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 ↗