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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Total Revenue $ 359,183 $ 307,050
Operating Expenses    
Compensation and Related 115,335 111,216
Distribution 96,160 77,632
Systems and Communications 14,896 12,794
Professional Service Fees 13,268 10,486
Office and Occupancy 11,771 11,362
Advertising and Promotional 4,995 4,190
Travel and Related 3,159 3,848
Other 6,855 4,633
Total Operating Expenses 266,439 236,161
Operating Income 92,744 70,889
Nonoperating Income (Expenses)    
Investment Income, net 1,389 1,030
Gain (Loss) on Securities, net (15,840) 1,679
Debt Expense (931) (1,400)
Other, net 8,345 324
Total Nonoperating Income (Expenses), net (7,037) 1,633
Income Before Income Taxes 85,707 72,522
Income Tax Provision 22,442 17,911
Net Income Including the Noncontrolling Interests in Subsidiaries 63,265 54,611
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries (913) 65
Net Income $ 64,178 $ 54,546
Amounts Attributable to Federated Hermes, Inc.    
Earnings Per Common Share—Basic and Diluted (usd per share) $ 0.63 $ 0.54
Cash Dividends Per Share (usd per share) $ 0.27 $ 0.27
Investment Advisory Fees, net—Affiliates    
Revenue    
Total Revenue $ 183,238 $ 155,607
Investment Advisory Fees, net—Other    
Revenue    
Total Revenue 57,422 55,592
Administrative Service Fees, net—Affiliates    
Revenue    
Total Revenue 72,199 54,135
Other Service Fees, net—Affiliates    
Revenue    
Total Revenue 41,447 38,610
Other Service Fees, net—Other    
Revenue    
Total Revenue $ 4,877 $ 3,106