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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Total Revenue $ 1,632,093 $ 1,609,574 $ 1,445,814
Operating Expenses      
Compensation and Related 540,486 563,388 512,713
Distribution 382,327 371,198 314,554
Systems and Communications 92,515 84,203 77,783
Professional Service Fees 78,353 69,514 57,747
Office and Occupancy 39,946 45,069 43,361
Advertising and Promotional 24,090 22,992 20,931
Travel and Related 15,399 15,409 12,456
Intangible Asset Related 79,361 13,870 44,066
Other 18,149 36,382 25,407
Total Operating Expenses 1,270,626 1,222,025 1,109,018
Operating Income 361,467 387,549 336,796
Nonoperating Income (Expenses)      
Investment Income, net 26,065 22,559 8,973
Gain (Loss) on Securities, net 6,603 13,181 (28,696)
Debt Expense (12,665) (12,519) (11,073)
Other, net 139 562 222
Total Nonoperating Income (Expenses), net 20,142 23,783 (30,574)
Income Before Income Taxes 381,609 411,332 306,222
Income Tax Provision 113,179 106,551 71,658
Net Income Including the Noncontrolling Interests in Subsidiaries 268,430 304,781 234,564
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 116 5,801 (4,932)
Net Income $ 268,314 $ 298,980 $ 239,496
Amounts Attributable to Federated Hermes, Inc.      
Earning per common share - basic (usd per share) $ 3.23 $ 3.40 $ 2.65
Earnings per common share—diluted (usd per share) 3.23 3.40 2.65
Cash dividends per share (usd per share) $ 2.21 $ 1.11 $ 1.08
Investment Advisory Fees, net | Affiliates      
Revenue      
Total Revenue $ 857,444 $ 870,831 $ 772,993
Investment Advisory Fees, net | Nonrelated Party      
Revenue      
Total Revenue 240,422 244,952 238,638
Administrative Service Fees, net—Affiliates | Affiliates      
Revenue      
Total Revenue 387,531 343,332 294,557
Other Service Fees, net | Affiliates      
Revenue      
Total Revenue 128,725 134,429 121,383
Other Service Fees, net | Nonrelated Party      
Revenue      
Total Revenue $ 17,971 $ 16,030 $ 18,243