Segment and Geographic Information

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Federated Hermes operates in one operating segment, the investment management business. Federated Hermes’ CEO is the CODM. The CODM utilizes a consolidated approach to allocate resources and assess performance.

The CODM assesses performance and decides how to allocate resources based on revenue and net income as reported on the Consolidated Statements of Income. The measure of segment assets is reported on the Consolidated Balance Sheets as Total Assets.

The CODM uses revenue and net income in making key operating decisions, including approvals for business acquisitions, high-level compensation decisions, determination of shareholder dividends, including special dividends, repurchasing company stock, developing and seeding new offerings, modifying existing offerings and determination of funding of significant technology projects.

Federated Hermes’ revenues from U.S. and non-U.S. operations were as follows for the years ended December 31:

(in thousands)	2024		2023		2022
U.S.	$	1,384,559	$	1,291,959	$	1,159,373
Non-U.S.1	247,534		317,615		286,441
Total Revenue	$	1,632,093	$	1,609,574	$	1,445,814

1    This represents revenue earned by non-U.S. domiciled subsidiaries, primarily in the UK.

Federated Hermes’ Right-of-Use Assets, net and Property and Equipment, net for U.S. and non-U.S. operations were as follows at December 31:

(in thousands)	2024		2023
U.S.	$	105,110	$	100,719
Non-U.S.1	25,165		29,257
Total Right-of-Use Assets, net and Property and Equipment, net1	$	130,275	$	129,976

1    This represents net assets of non-U.S. domiciled subsidiaries, primarily in the UK.