Federated Hermes Inc

Common Name

Federated Hermes

Country

United States

Sector

Financial Services

Industry

Asset Management

Employees

2,072

Ticker

FHI

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.federatedhermes.com

Description

Federated Hermes Inc. is a prominent investment management company offering a broad range of financial products and services. The firm specializes in managing diverse portfolios across various asset c... Show more

Financial Statements of Federated Hermes

Below are the financial statements of Federated Hermes, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenue	—	—	—
Investment advisory fees, net - affiliates	857.44^a	870.83^a	772.99^a
Investment advisory fees, net - other	240.42^a	244.95^a	238.64^a
Administrative service fees, net - affiliates	387.53^a	343.33^a	294.56^a
Other service fees, net - affiliates	128.73^a	134.43^a	121.38^a
Other service fees, net - other	17.97^a	16.03^a	18.24^a
Total revenue	1,632.09^a	1,609.57^a	1,445.81^a
Operating expenses	—	—	—
Compensation and related	-540.49^a	-563.39^a	-512.71^a
Distribution	-382.33^a	-371.2^a	-314.55^a
Systems and communications	-92.52^a	-84.2^a	-77.78^a
Professional service fees	-78.35^a	-69.51^a	-57.75^a
Office and occupancy	-39.95^a	-45.07^a	-43.36^a
Advertising and promotional	-24.09^a	-22.99^a	-20.93^a
Travel and related	-15.4^a	-15.41^a	-12.46^a
Intangible asset related	-79.36^a	-13.87^a	-44.07^a
Other	-18.15^a	-36.38^a	-25.41^a
Total operating expenses	-1,270.63^a	-1,222.03^a	-1,109.02^a
Operating income	361.47^a	387.55^a	336.8^a
Nonoperating income (expenses)	—	—	—
Investment income, net	26.07^a	22.56^a	8.97^a
Gain (loss) on securities, net	6.6^a	13.18^a	-28.7^a
Debt expense	-12.67^a	-12.52^a	-11.07^a
Other, net	0.14^a	0.56^a	0.22^a
Total nonoperating income (expenses), net	20.14^a	23.78^a	-30.57^a
Income before income taxes	381.61^a	411.33^a	306.22^a
Income tax provision	-113.18^a	-106.55^a	-71.66^a
Net income including the noncontrolling interests in subsidiaries	268.43^a	304.78^a	234.56^a
Net income (loss) attributable to the noncontrolling interests in subsidiaries	0.12^a	5.8^a	-4.93^a
Net income	268.31^a	298.98^a	239.5^a

Verified Sources Behind Federated Hermes’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Federated Hermes’s data sources below and access millions more through our Disclosure Search.

a. Federated Hermes's Annual Report 2024

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b. Federated Hermes's 10-K 2024

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Federated Hermes Inc

Financial Statements of Federated Hermes

Verified Sources Behind Federated Hermes’s Financial Fundamentals Data

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