Exhibit 99.1

fhipressreleaseimageq12020a.gif
Federated Hermes, Inc. reports third quarter 2026 earnings
•Q3 2026 earnings per diluted share of $1.50
•Equity assets reach a record $110.5 billion
•Board declares $0.38 per share dividend
(PITTSBURGH, Pa., Oct. 29, 2026) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.50 for Q3 2026, compared to EPS of $1.34 for the same quarter last year, on net income of $111.9 million for Q3 2026, compared to net income of $104.1 million for Q3 2025.
Federated Hermes' total managed assets were $884.4 billion at Sept. 30, 2026, up $13.2 billion or 2% from $871.2 billion at Sept. 30, 2025 and down $27.2 billion or 3% from $911.6 billion at June 30, 2026. Total average managed assets for Q3 2026 were $897.7 billion, up $38.2 billion or 4% from $859.5 billion for Q3 2025 and down $12.3 billion or 1% from $910.0 billion for Q2 2026.
"Federated Hermes generated positive net equity sales in the third quarter of 2026, including across our MDT suite of quantitative investment solutions. Assets in MDT institutional separate accounts and MDT subadvised accounts, as well as total equity assets, reached record highs," said J. Christopher Donahue, president and chief executive officer. "We also continued to see demand for our alternative strategies, including our MDT Market Neutral offerings, with alternative/private markets fund assets reaching record highs."
Federated Hermes' board of directors declared a dividend of $0.38 per share. The dividend is payable on Nov. 13, 2026 to shareholders of record as of Nov. 6, 2026. During Q3 2026, Federated Hermes purchased 992,312 shares of Federated Hermes class B common stock for $57.4 million.
Equity assets were a record $110.5 billion at Sept. 30, 2026, up $15.8 billion or 17% from $94.7 billion at Sept. 30, 2025 and up $0.9 billion or 1% from $109.6 billion at June 30, 2026. Top-selling equity funds during Q3 2026 on a net basis were Federated Hermes MDT Large Cap Growth Fund, Federated Hermes MDT Small Cap Core ETF, Federated Hermes MDT All Cap Core Fund, Federated Hermes MDT Large Cap Value Fund and Federated Hermes U.S. Strategic Dividend ETF.
Fixed-income assets were $99.4 billion at Sept. 30, 2026, down $2.4 billion or 2% from $101.8 billion at Sept. 30, 2025 and down $1.1 billion or 1% from $100.5 billion at June 30, 2026. Top-selling fixed-income funds during Q3 2026 on a net basis were Federated Hermes Sterling Cash Plus Fund, Federated Hermes Municipal Ultrashort Fund, Federated Hermes Ultrashort Bond Fund, Federated Hermes Total Return Bond ETF and Federated Hermes Conservative Municipal Microshort Fund.
Alternative/private markets assets were $21.7 billion at Sept. 30, 2026, up $2.7 billion or 14% from $19.0 billion at Sept. 30, 2025 and up $0.1 billion from $21.6 billion at June 30, 2026.
Money market assets were $649.9 billion at Sept. 30, 2026, down $2.9 billion from $652.8 billion at Sept. 30, 2025 and down $27.0 billion or 4% from $676.9 billion at June 30, 2026. Money market fund assets were $486.3 billion at Sept. 30, 2026, down $6.4 billion or 1% from $492.7 billion at Sept. 30, 2025 and down $13.6 billion or 3% from $499.9 billion at June 30, 2026.
MEDIA:ANALYSTS:
Ed Costello 412-288-7538Ray Hanley 412-288-1920
    
Federated Hermes reports Q3 2026 earnings
Page 2 of 13
Financial Summary
Q3 2026 vs. Q3 2025
Revenue increased $37.9 million or 8% primarily due to an increase from higher average equity assets and the Q2 2026 acquisition of FCP Fund Manager, L.P., now operating as Federated Hermes FCP Manager, LLC (FCP).
During Q3 2026, Federated Hermes derived 50% of its revenue from long-term assets (32% from equity, 10% from fixed-income and 8% from alternative/private markets and multi-asset), 49% from money market assets and 1% from sources other than managed assets.
Operating expenses increased $14.0 million or 4% primarily due to an $8.5 million increase in distribution expenses resulting primarily from higher average money market fund assets and a $7.1 million increase in compensation and related expense primarily due to the acquisition of FCP.
Nonoperating income (expenses), net for Q3 2026 decreased $12.1 million primarily due to a decrease in the market value of investments in Q3 2026 as compared to an increase in the market value of investments in Q3 2025 and a decrease in interest and dividend income.
Q3 2026 vs. Q2 2026
Revenue increased $4.6 million or 1% primarily due to higher average equity assets.
Operating expenses decreased $15.9 million or 4% primarily due to a $9.8 million decrease in compensation and related expense and a $6.1 million decrease in professional service fees expense primarily due to $6.5 million and $4.6 million, respectively, of FCP acquisition-related expenses in Q2 2026.
Nonoperating income (expenses), net decreased $12.4 million primarily due to a decrease in the market value of investments in Q3 2026 as compared to an increase in the market value of investments in Q2 2026.
YTD 2026 vs. YTD 2025
Revenue increased $171.2 million or 13% primarily due to an increase from higher average equity assets and money market assets and the acquisition of FCP in Q2 2026.
For the first nine months of 2026, Federated Hermes derived 51% of its revenue from money market assets, 48% from long-term assets (31% from equity, 10% from fixed-income, and 7% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.
Operating expenses increased $137.0 million or 15% primarily due to a $57.5 million increase in distribution expenses resulting primarily from higher average money market fund assets, a $34.6 million increase in compensation and related expense primarily due to compensation related to the acquisition of FCP and higher incentive compensation, an increase of $25.2 million in other expense primarily due to a value added tax (VAT) refund received in Q1 2025 related to amended VAT filings in the U.K. and fluctuations in foreign currency exchange rates and a $9.0 million increase in professional service fees primarily due to FCP acquisition-related expenses and an increase in global project costs.
Nonoperating income (expenses), net decreased $15.5 million primarily due to the deconsolidation of two Federated Hermes Funds.



    
Federated Hermes reports Q3 2026 earnings
Page 3 of 13

Earnings call information
Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, Oct. 30, 2026. Investors are invited to listen to the earnings teleconference by calling 888-506-0062 (domestic) or 973-528-0011 (international) prior to the 9 a.m. start time. To listen online, go to the About section of FederatedHermes.com and select links for Investor Relations and Earnings call and webcast. A replay will be available at approximately 12:30 p.m. Eastern on Oct. 30, 2026. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 54652. The online replay will be available via FederatedHermes.com for three months.
About Federated Hermes
Federated Hermes, Inc. is a global leader in active investment management, with $884.4 billion in assets under management1. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,100 employees in London, New York, Boston and offices worldwide.
Federated Hermes ranks in the top 5% of equity fund managers, the top 9% of money market fund managers and the top 11% of fixed-income fund managers2 in the industry. Federated Hermes also ranks as the 9th-largest manager of model-delivered separately managed accounts3. For more information, including an analyst presentation, which is updated periodically, visit FederatedHermes.com.
###
1) As of Sept. 30, 2026.
2) Morningstar, Sept. 30, 2026. Based on U.S. fund flows rankings.
3) Money Management Institute/Cerulli Q2 2026.
Federated Securities Corp. is distributor of the Federated Hermes funds.
Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling, Federated MDTA LLC, Hermes Fund Managers Ireland Limited, Hermes Investment Management Limited, Hermes GPE LLP, and Federated Hermes FCP Manager, LLC, each a registered investment advisor in one or more of the U.S., U.K. or Ireland.
Cautionary statements
Certain statements in this press release, such as those related to performance, investment strategies, opportunities to meet client needs, investment offerings, investor preferences and demand, asset flows and asset mix constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements can include statements that do not relate strictly to historical or current facts and are typically identified by words or phrases such as “trend,” “forecast,” “project,” “predict,” “potential,” “approximate,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “projection,” “plan,” “assume,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “can,” “may,” and similar expressions. Any forward-looking statement, and Federated Hermes' level of business activity and financial results, are inherently subject to significant business, market, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond Federated Hermes’ control. Other risks and uncertainties include the ability of the company to predict the level of fee waivers and expenses in future quarters, predict whether performance fees or carried interest will be earned and retained, the ability of the company to sustain product demand, the timing and level of product sales and redemptions, market appreciation or depreciation, revenues, and asset levels, flows and mix, which could vary significantly depending on various factors, such as market conditions, investment performance and investor behavior. Other risks and uncertainties include the risk factors discussed in the company's annual and quarterly reports

    
Federated Hermes reports Q3 2026 earnings
Page 4 of 13
as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness, or updating, of such statements in the future.

    
Federated Hermes reports Q3 2026 earnings
Page 5 of 13
Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
Quarter Ended% Change Q3 2025 to Q3 2026Quarter Ended% Change Q2 2026 to Q3 2026
Sept. 30, 2026Sept. 30, 2025June 30, 2026
Revenue
Investment advisory fees, net$346,791 $310,366 12 %$337,721 3 %
Administrative service fees, net—affiliates110,492 107,234 3 110,117 0 
Other service fees, net50,046 51,846 (3)54,938 (9)
Total Revenue507,329 469,446 8 502,776 1 
Operating Expenses
Compensation and related151,706 144,563 5 161,528 (6)
Distribution122,038 113,569 7 121,766 0 
Systems and communications26,156 26,023 1 25,950 1 
Professional service fees19,510 20,239 (4)25,610 (24)
Office and occupancy9,522 10,129 (6)9,836 (3)
Advertising and promotional5,548 5,264 5 7,329 (24)
Intangible asset related4,924 3,556 38 6,384 (23)
Travel and related4,782 4,665 3 4,558 5 
Other9,836 11,986 (18)6,934 42 
Total Operating Expenses354,022 339,994 4 369,895 (4)
Operating Income153,307 129,452 18 132,881 15 
Nonoperating Income (Expenses)
Investment income (loss), net1,951 14,105 (86)14,330 (86)
Debt expense(3,165)(3,182)(1)(3,159)0 
Other, net(27)(48)(44)(22)23 
Total Nonoperating Income (Expenses), net(1,241)10,875 (111)11,149 (111)
Income before income taxes152,066 140,327 8 144,030 6 
Income tax provision41,187 34,232 20 37,216 11 
Net income including the noncontrolling interests in subsidiaries110,879 106,095 5 106,814 4 
Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries(1,006)1,969 (151)2,496 (140)
Net Income$111,885 $104,126 7 %$104,318 7  %
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted$1.50 $1.34 12 %$1.38 9  %
Weighted-Average Shares Outstanding
Basic70,996 74,057 71,944 
Diluted70,997 74,057 71,947 
Dividends Declared Per Share$0.38 $0.34 $0.38 
1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $5.1 million, $4.7 million and $4.8 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended Sept. 30, 2026, Sept. 30, 2025 and June 30, 2026, respectively, was excluded from the computation of earnings per share.

    
Federated Hermes reports Q3 2026 earnings
Page 6 of 13
Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
Nine Months Ended
Sept. 30, 2026Sept. 30, 2025% Change
Revenue
Investment advisory fees, net$1,003,920 $885,261 13 %
Administrative service fees, net—affiliates
330,894 310,000 7 
Other service fees, net154,248 122,569 26 
Total Revenue1,489,062 1,317,830 13 
Operating Expenses
Compensation and related467,353 432,705 8 
Distribution369,548 312,052 18 
Systems and communications78,570 73,730 7 
Professional service fees66,456 57,415 16 
Office and occupancy29,419 29,991 (2)
Advertising and promotional16,975 15,985 6 
Intangible asset related14,730 10,255 44 
Travel and related13,190 12,335 7 
Other20,302 (4,946)
NM
Total Operating Expenses1,076,543 939,522 15 
Operating Income412,519 378,308 9 
Nonoperating Income (Expenses)
Investment income (loss), net22,935 38,527 (40)
Debt expense(9,509)(9,531)0 
Other, net(80)(110)(27)
Total Nonoperating Income (Expenses), net13,346 28,886 (54)
Income before income taxes425,865 407,194 5 
Income tax provision
112,226 100,532 12 
Net income including the noncontrolling interests in subsidiaries313,639 306,662 2 
Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries1,058 10,402 (90)
Net Income$312,581 $296,260 6 %
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted$4.15 $3.75 11 %
Weighted-Average Shares Outstanding
Basic71,856 75,541 
Diluted71,858 75,544 
Dividends Declared Per Share$1.10 $0.99 
1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $14.2 million and $13.3 million available to unvested restricted Federated Hermes shareholders for the nine months ended Sept. 30, 2026 and Sept. 30, 2025, respectively, was excluded from the computation of earnings per share.




    
Federated Hermes reports Q3 2026 earnings
Page 7 of 13
 Unaudited Condensed Consolidated Balance Sheets
(in thousands)Sept. 30, 2026Dec. 31, 2025
Assets
  Cash and other investments$580,271 $724,297 
  Other current assets162,327 139,495 
  Intangible assets, net, including goodwill1,499,333 1,183,612 
  Other long-term assets225,146 181,933 
  Total Assets$2,467,077 $2,229,337 
Liabilities, Redeemable Noncontrolling Interests and Equity
  Current liabilities$299,649 $314,141 
  Long-term debt348,565 348,369 
  Other long-term liabilities356,000 303,350 
  Redeemable noncontrolling interests171,943 66,529 
Equity excluding treasury stock2,322,714 2,070,162 
Treasury stock(1,031,794)(873,214)
  Total Liabilities, Redeemable Noncontrolling Interests and Equity$2,467,077 $2,229,337 



    
Federated Hermes reports Q3 2026 earnings
Page 8 of 13
Unaudited Changes in Long-Term Assets - By Asset Class
(in millions)Quarter EndedNine Months Ended
Sept. 30, 2026June 30, 2026Sept. 30, 2025Sept. 30, 2026Sept. 30, 2025
Equity
Beginning assets$109,590 $100,832 $88,994 $97,898 $79,423 
Sales1
8,527 9,062 6,845 26,680 22,218 
Redemptions1
(6,624)(10,202)(6,975)(23,704)(19,148)
Net sales (redemptions)1
1,903 (1,140)(130)2,976 3,070 
Net exchanges1 134 154 (4)40 
Impact of foreign exchange2
(81)(37)(85)(405)1,692 
Market gains and (losses)3
(874)9,801 5,723 10,074 10,431 
Ending assets$110,539 $109,590 $94,656 $110,539 $94,656 
Fixed Income
Beginning assets$100,487 $99,798 $98,687 $100,127 $98,059 
Sales1
7,085 7,687 7,545 20,699 18,756 
Redemptions1
(6,385)(7,864)(5,887)(20,598)(19,827)
Net sales (redemptions)1
700 (177)1,658 101 (1,071)
Net exchanges(7)(153)(134)(12)(28)
Impact of foreign exchange2
(20)(12)(22)(72)271 
Market gains and (losses)3
(1,761)1,031 1,624 (745)4,582 
Ending assets$99,399 $100,487 $101,813 $99,399 $101,813 
Alternative/Private Markets
Beginning assets$21,647 $18,991 $20,738 $19,101 $18,864 
Sales1
562 650 670 1,841 2,537 
Redemptions1
(701)(1,002)(2,291)(2,250)(3,866)
Net sales (redemptions)1
(139)(352)(1,621)(409)(1,329)
Net exchanges1 8 0 9 0 
Acquisitions/(dispositions)0 3,237 0 3,237 109 
Impact of foreign exchange2
(11)26 (341)(260)1,282 
Market gains and (losses)3
236 (263)248 56 98 
Ending assets$21,734 $21,647 $19,024 $21,734 $19,024 
Multi-asset
Beginning assets$2,939 $2,778 $2,856 $2,854 $2,883 
Sales1
45 41 45 144 152 
Redemptions1
(85)(102)(92)(281)(334)
Net sales (redemptions)1
(40)(61)(47)(137)(182)
Net exchanges0 0 (3)1 (3)
Market gains and (losses)3
(44)222 134 137 242 
Ending assets$2,855 $2,939 $2,940 $2,855 $2,940 
Total Long-term Assets
Beginning assets$234,663 $222,399 $211,275 $219,980 $199,229 
Sales1
16,219 17,440 15,105 49,364 43,663 
Redemptions1
(13,795)(19,170)(15,245)(46,833)(43,175)
Net sales (redemptions)1
2,424 (1,730)(140)2,531 488 
Net exchanges(5)(11)17 (6)9 
Acquisitions/(dispositions)0 3,237 0 3,237 109 
Impact of foreign exchange2
(112)(23)(448)(737)3,245 
Market gains and (losses)3
(2,443)10,791 7,729 9,522 15,353 
Ending assets$234,527 $234,663 $218,433 $234,527 $218,433 
1)     For certain accounts, including separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.
2) Reflects the impact of translating non-U.S. dollar denominated assets under management (AUM) into U.S. dollars for reporting purposes.
3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.




    
Federated Hermes reports Q3 2026 earnings
Page 9 of 13
Unaudited Changes in Long-Term Assets - By Asset Class and Offering Type
(in millions)
Quarter Ended
Sept. 30, 2026
EquityFixed IncomeAlternative / Private MarketsMulti-assetTotal
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds.
Separate Accounts1
Beginning assets$64,069 $45,521 $46,189 $54,298 $14,918 $6,729 $2,935 $4 $128,111 $106,552 
Sales4,333 4,194 3,841 3,244 489 73 44 1 8,707 7,512 
Redemptions(4,322)(2,302)(4,040)(2,345)(566)(135)(85)0 (9,013)(4,782)
Net sales (redemptions)11 1,892 (199)899 (77)(62)(41)1 (306)2,730 
Net exchanges1 0 (7)0 1 0 0 0 (5)0 
Impact of foreign exchange2
(53)(28)(13)(7)(7)(4)0 0 (73)(39)
Market gains and (losses)3
(922)48 (1,001)(760)244 (8)(45)1 (1,724)(719)
Ending assets$63,106 $47,433 $44,969 $54,430 $15,079 $6,655 $2,849 $6 $126,003 $108,524 
Nine Months Ended
Sept. 30, 2026
EquityFixed IncomeAlternative / Private MarketsMulti-assetTotal
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds
Separate Accounts1
Funds
Separate Accounts1
Beginning assets$54,988 $42,910 $45,973 $54,154 $12,085 $7,016 $2,850 $4 $115,896 $104,084 
Sales15,631 11,049 11,693 9,006 1,674 167 143 1 29,141 20,223 
Redemptions(12,963)(10,741)(12,027)(8,571)(1,545)(705)(281)0 (26,816)(20,017)
Net sales (redemptions) 2,668 308 (334)435 129 (538)(138)1 2,325 206 
Net exchanges(24)20 (12)0 9 0 1 0 (26)20 
Acquisition/(dispositions)0 0 0 0 2,788 449 0 0 2,788 449 
Impact of foreign exchange2
(279)(126)(42)(30)(154)(106)0 0 (475)(262)
Market gains and (losses)3
5,753 4,321 (616)(129)222 (166)136 1 5,495 4,027 
Ending assets$63,106 $47,433 $44,969 $54,430 $15,079 $6,655 $2,849 $6 $126,003 $108,524 
1)    Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings. For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.
2)    Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.
3)    Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.









    
Federated Hermes reports Q3 2026 earnings
Page 10 of 13
Unaudited Changes in Long-Term Assets - By Offering Type
(in millions)
Quarter EndedNine Months Ended
Sept. 30, 2026June 30, 2026Sept. 30, 2025Sept. 30, 2026Sept. 30, 2025
Total Fund Assets
Beginning assets$128,111 $116,222 $110,409 $115,896 $103,567 
Sales8,707 9,927 9,018 29,141 27,050 
Redemptions(9,013)(8,837)(8,349)(26,816)(26,278)
Net sales (redemptions)(306)1,090 669 2,325 772 
Net exchanges(5)(1)17 (26)20 
Acquisitions/(dispositions)0 2,788 0 2,788 109 
Impact of foreign exchange1
(73)(59)(294)(475)1,704 
Market gains and (losses)2
(1,724)8,071 4,414 5,495 9,043 
Ending assets$126,003 $128,111 $115,215 $126,003 $115,215 
Total Separate Account Assets3
Beginning assets$106,552 $106,177 $100,866 $104,084 $95,662 
Sales4
7,512 7,513 6,087 20,223 16,613 
Redemptions4
(4,782)(10,333)(6,896)(20,017)(16,897)
Net sales (redemptions)4
2,730 (2,820)(809)206 (284)
Net exchanges0 (10)0 20 (11)
Acquisitions/(dispositions)0 449 0 449 0 
Impact of foreign exchange1
(39)36 (154)(262)1,541 
Market gains and (losses)2
(719)2,720 3,315 4,027 6,310 
Ending assets$108,524 $106,552 $103,218 $108,524 $103,218 
Total Long-term Assets3
Beginning assets$234,663 $222,399 $211,275 $219,980 $199,229 
Sales4
16,219 17,440 15,105 49,364 43,663 
Redemptions4
(13,795)(19,170)(15,245)(46,833)(43,175)
Net sales (redemptions)4
2,424 (1,730)(140)2,531 488 
Net exchanges(5)(11)17 (6)9 
Acquisitions/(dispositions)0 3,237 0 3,237 109 
Impact of foreign exchange1
(112)(23)(448)(737)3,245 
Market gains and (losses)2
(2,443)10,791 7,729 9,522 15,353 
Ending assets$234,527 $234,663 $218,433 $234,527 $218,433 
1) Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.
2) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.
3) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings.
4) For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.




















    
Federated Hermes reports Q3 2026 earnings
Page 11 of 13
Unaudited Managed Assets

(in millions)
Sept. 30, 2026June 30, 2026March 31, 2026Dec. 31, 2025Sept. 30, 2025
By Asset Class
Equity1
$110,539 $109,590 $100,832 $97,898 $94,656 
Fixed-Income99,399 100,487 99,798 100,127 101,813 
Alternative / Private Markets21,734 21,647 18,991 19,101 19,024 
Multi-Asset1
2,855 2,939 2,778 2,854 2,940 
Total Long-Term Assets234,527 234,663 222,399 219,980 218,433 
Money Market649,883 676,897 684,748 682,604 652,767 
Total Managed Assets$884,410 $911,560 $907,147 $902,584 $871,200 
By Offering Type
Funds:
Equity$63,106 $64,069 $55,188 $54,988 $54,110 
Fixed-Income44,969 46,189 45,921 45,973 46,478 
Alternative / Private Markets15,079 14,918 12,339 12,085 11,814 
Multi-Asset2,849 2,935 2,774 2,850 2,813 
Total Long-Term Assets126,003 128,111 116,222 115,896 115,215 
Money Market486,270 499,927 502,775 508,403 492,701 
Total Fund Assets$612,273 $628,038 $618,997 $624,299 $607,916 
Separate Accounts:
Equity1
$47,433 $45,521 $45,644 $42,910 $40,546 
Fixed-Income54,430 54,298 53,877 54,154 55,335 
Alternative / Private Markets6,655 6,729 6,652 7,016 7,210 
Multi-Asset1
6 4 4 4 127 
Total Long-Term Assets108,524 106,552 106,177 104,084 103,218 
Money Market163,613 176,970 181,973 174,201 160,066 
Total Separate Account Assets$272,137 $283,522 $288,150 $278,285 $263,284 
Total Managed Assets$884,410 $911,560 $907,147 $902,584 $871,200 
1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.

    
Federated Hermes reports Q3 2026 earnings
Page 12 of 13
Unaudited Average Managed AssetsQuarter Ended
(in millions)
Sept. 30, 2026June 30, 2026March 31, 2026Dec. 31, 2025Sept. 30, 2025
By Asset Class
Equity1
$112,104 $107,031 $102,037 $96,404 $92,436 
Fixed-Income100,137 100,041 100,996 100,855 99,206 
Alternative / Private Markets22,000 22,359 19,232 18,971 19,862 
Multi-Asset1
2,928 2,898 2,859 2,836 2,895 
Total Long-Term Assets237,169 232,329 225,124 219,066 214,399 
Money Market660,526 677,685 690,450 654,635 645,092 
Total Avg. Managed Assets$897,695 $910,014 $915,574 $873,701 $859,491 
By Offering Type
Funds:
Equity$64,370 $60,933 $56,987 $55,101 $51,828 
Fixed-Income46,043 45,827 46,096 46,116 45,743 
Alternative / Private Markets15,198 15,253 12,254 11,871 12,347 
Multi-Asset2,923 2,893 2,855 2,833 2,770 
Total Long-Term Assets128,534 124,906 118,192 115,921 112,688 
Money Market491,758 498,338 507,752 493,355 482,237 
Total Avg. Fund Assets$620,292 $623,244 $625,944 $609,276 $594,925 
Separate Accounts:
Equity1
$47,734 $46,098 $45,050 $41,303 $40,608 
Fixed-Income54,094 54,214 54,900 54,739 53,463 
Alternative / Private Markets6,802 7,106 6,978 7,100 7,515 
Multi-Asset1
5 5 4 3 125 
Total Long-Term Assets108,635 107,423 106,932 103,145 101,711 
Money Market168,768 179,347 182,698 161,280 162,855 
Total Avg. Separate Account Assets$277,403 $286,770 $289,630 $264,425 $264,566 
Total Avg. Managed Assets$897,695 $910,014 $915,574 $873,701 $859,491 
1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.

    
Federated Hermes reports Q3 2026 earnings
Page 13 of 13
Unaudited Average Managed AssetsNine Months Ended
(in millions)Sept. 30, 2026Sept. 30, 2025
By Asset Class
Equity1
$107,057 $86,035 
Fixed-Income100,392 98,977 
Alternative / Private Markets21,197 19,642 
Multi-Asset1
2,895 2,858 
Total Long-Term Assets231,541 207,512 
Money Market676,220 639,154 
Total Avg. Managed Assets$907,761 $846,666 
By Offering Type
Funds:
Equity$60,763 $47,684 
Fixed-Income45,989 45,477 
Alternative / Private Markets14,235 12,109 
Multi-Asset2,890 2,733 
Total Long-Term Assets123,877 108,003 
Money Market499,283 469,549 
Total Avg. Fund Assets$623,160 $577,552 
Separate Accounts:
Equity1
$46,294 $38,351 
Fixed-Income54,403 53,500 
Alternative / Private Markets6,962 7,533 
Multi-Asset1
5 125 
Total Long-Term Assets107,664 99,509 
Money Market176,937 169,605 
Total Avg. Separate Account Assets$284,601 $269,114 
Total Avg. Managed Assets$907,761 $846,666 
1) A Separate Account was reclassified from Multi-Asset to Equity effective October 1, 2025.