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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total Revenue $ 424,844 $ 402,583 $ 848,384 $ 798,954
Operating Expenses        
Compensation and Related 144,872 130,748 288,143 267,294
Distribution 99,399 93,503 198,484 188,398
Systems and Communications 23,481 23,194 47,707 45,017
Professional Service Fees 18,628 19,845 37,176 38,197
Office and Occupancy 9,910 9,765 19,862 19,734
Advertising and Promotional 6,146 6,621 10,722 10,927
Travel and Related 4,117 3,847 7,670 7,119
Intangible Asset Related 3,503 69,392 6,699 72,627
Other (2,296) 4,951 (16,935) 10,343
Total Operating Expenses 307,760 361,866 599,528 659,656
Operating Income 117,084 40,717 248,856 139,298
Nonoperating Income (Expenses)        
Investment Income, net 5,734 5,988 12,247 12,724
Gain (Loss) on Securities, net 11,213 (856) 12,175 891
Debt Expense (3,170) (3,159) (6,349) (6,308)
Other, net (35) (34) (62) 69
Total Nonoperating Income (Expenses), net 13,742 1,939 18,011 7,376
Income Before Income Taxes 130,826 42,656 266,867 146,674
Income Tax Provision 34,135 23,431 66,300 52,439
Net Income Including the Noncontrolling Interests in Subsidiaries 96,691 19,225 200,567 94,235
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 5,691 (1,802) 8,433 (1,825)
Net Income 91,000 21,027 192,134 96,060
Amounts Attributable to Federated Hermes, Inc.        
Net Income Attributable to Federated Hermes Common Stock - Basic 86,857 16,294 183,474 90,250
Net Income Attributable to Federated Hermes Common Stock - Diluted $ 86,857 $ 16,294 $ 183,474 $ 90,250
Earnings Per Common Share—Basic (usd per share) $ 1.16 $ 0.20 $ 2.40 $ 1.12
Earnings Per Common Share—Diluted (usd per share) 1.16 0.20 2.40 1.12
Cash Dividends Per Share (usd per share) $ 0.34 $ 1.31 $ 0.65 $ 1.59
Investment Advisory Fees, net | Affiliates        
Revenue        
Total Revenue $ 225,347 $ 211,111 $ 448,720 $ 413,902
Investment Advisory Fees, net | Other        
Revenue        
Total Revenue 62,088 59,511 126,175 121,014
Administrative Service Fees, net—Affiliates | Affiliates        
Revenue        
Total Revenue 101,657 95,346 202,766 190,132
Other Service Fees, net | Affiliates        
Revenue        
Total Revenue 30,442 32,190 61,309 65,554
Other Service Fees, net | Other        
Revenue        
Total Revenue $ 5,310 $ 4,425 $ 9,414 $ 8,352