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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents Federated Hermes' revenue disaggregated by asset class:
Three Months EndedNine Months Ended
September 30,September 30,
(in thousands)2020201920202019
Money Market$143,391 $138,242 $452,240 $378,686 
Equity138,590 136,655 399,208 394,324 
Fixed-Income49,407 45,018 139,705 133,476 
Other1
33,067 20,425 93,197 62,383 
Total Revenue$364,455 $340,340 $1,084,350 $968,869 
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 EndedNine Months Ended
September 30,September 30,
(in thousands)2020201920202019
Asset Management1
$260,089 $232,106 $745,875 $663,974 
Administrative Services83,028 64,216 238,960 176,319 
Distribution2
15,273 38,501 79,786 111,942 
Other3
6,065 5,517 19,729 16,634 
Total Revenue$364,455 $340,340 $1,084,350 $968,869 
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 EndedNine Months Ended
September 30,September 30,
(in thousands)2020201920202019
Domestic$295,422 $282,777 $884,569 $801,060 
Foreign1
69,033 57,563 199,781 167,809 
Total Revenue$364,455 $340,340 $1,084,350 $968,869 
1    This represents revenue earned by non-U.S. domiciled subsidiaries.
The following table presents Federated Hermes' revenue disaggregated by product type:
Three Months EndedNine Months Ended
September 30,September 30,
(in thousands)2020201920202019
Federated Hermes Funds$303,958 $280,970 $899,967 $793,496 
Separate Accounts57,111 56,477 172,633 166,436 
Other1
3,386 2,893 11,750 8,937 
Total Revenue$364,455 $340,340 $1,084,350 $968,869 
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 September 30, 2020, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands)
Remainder of 2020$3,038 
20216,575 
20222,621 
2023 and Thereafter2,512 
Total Remaining Unsatisfied Performance Obligations$14,746