v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Classes of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents fair value measurements for classes of Federated Hermes’ financial assets and liabilities measured at fair value on a recurring basis:
(in thousands)Level 1Level 2Level 3Total
June 30, 2026
Financial Assets
Cash and Cash Equivalents$301,727 $0 $0 $301,727 
Investments—Consolidated Investment Companies22,060 96,823 0 118,883 
Investments—Affiliates and Other57,723 2,361 16 60,100 
Other1
10,688 0 0 10,688 
Total Financial Assets$392,198 $99,184 $16 $491,398 
Total Financial Liabilities2
$0 $0 $39,163 $39,163 
December 31, 2025
Financial Assets
Cash and Cash Equivalents$582,542 $$$582,542 
Investments—Consolidated Investment Companies11,432 74,069 85,501 
Investments—Affiliates and Other53,872 2,364 18 56,254 
Other1
11,966 11,966 
Total Financial Assets$659,812 $76,433 $18 $736,263 
Total Financial Liabilities$$44 $$44 
1    Amounts primarily consist of deposits.
2    Amounts primarily consist of acquisition-related future contingent consideration.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents a reconciliation of the beginning and ending balances for Federated Hermes’ liability for future consideration payments related to these business combinations:
(in thousands)
Balance at December 31, 2025
$
Acquisition38,419 
Changes in Fair Value744 
Balance at June 30, 2026
$39,163