Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents Federated Hermes' revenue disaggregated by asset class:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Money Market	157,430		123,136		308,850		240,443
Equity	$	123,328	$	134,035	$	260,618	$	257,669
Fixed-Income	43,691		44,782		90,297		88,459
Other1	36,263		19,526		60,130		41,958
Total Revenue	$	360,712	$	321,479	$	719,895	$	628,529

1 Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and stewardship services revenue.

The following table presents Federated Hermes' revenue disaggregated by performance obligation:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Asset Management1	$	245,126	$	220,669	$	485,787	$	431,868
Administrative Services	83,733		57,968		155,932		112,103
Distribution2	25,579		37,196		64,513		73,442
Other3	6,274		5,646		13,663		11,116
Total Revenue	$	360,712	$	321,479	$	719,895	$	628,529

1 The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.

2 The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.

3 Primarily includes shareholder service fees and stewardship services revenue.

The following table presents Federated Hermes' revenue disaggregated by geographical market:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Domestic	$	292,784	$	265,893	$	589,147	$	518,283
Foreign1	67,928		55,586		130,748		110,246
Total Revenue	$	360,712	$	321,479	$	719,895	$	628,529

1 This represents revenue earned by non-U.S. domiciled subsidiaries.

The following table presents Federated Hermes' revenue disaggregated by product type:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Federated Hermes Funds	$	299,125	$	264,174	$	596,009	$	512,527
Separate Accounts	58,100		54,368		115,522		109,959
Other1	3,487		2,937		8,364		6,043
Total Revenue	$	360,712	$	321,479	$	719,895	$	628,529

1 Primarily includes stewardship services revenue.

Future Fixed Revenue from Stewardship and Real Estate Development Services

Based on existing contracts and the exchange rates as of June 30, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:

(in thousands)
Remainder of 2020	$	5,657
2021	4,644
2022	2,120
2023 and Thereafter	1,850
Total Remaining Unsatisfied Performance Obligations	$	14,271