v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
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 (usd per share) $ 1.38 $ 1.16 $ 2.65 $ 2.40
Earnings Per Common Share—Diluted (usd per share) 1.38 1.16 2.65 2.40
Cash Dividends Per Share (usd per share) $ 0.38 $ 0.34 $ 0.72 $ 0.65
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 267,936 $ 225,347 $ 520,340 $ 448,720
Investment Advisory Fees, net | Other        
Revenue        
Total Revenue 69,785 62,088 136,789 126,175
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 110,117 101,657 220,402 202,766
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 46,201 30,442 90,989 61,309
Other Service Fees, net | Other        
Revenue        
Total Revenue $ 8,737 $ 5,310 $ 13,213 $ 9,414