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FHIFederated Hermes, Inc.
$59.07$4.5B
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FHI logoFederated Hermes, Inc.(FHI)Earnings, Financials & Key Ratios

FHI•NYSE•Banking & Credit
11.5× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutFederated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.Show more
  • Net Interest Income$13M-51.8%
  • Total Revenue$1.81B+11.0%
  • Net Income$403M+50.3%
  • Return on Equity33.41%+43.5%
  • Net Interest Margin0.55%-56.1%
  • Efficiency Ratio44.01%-1.6%
  • ROA18.44%+43.8%
  • Equity / Assets55.17%
  • Book Value per Share16.82+16.1%

FHI Key Insights

Federated Hermes, Inc. (FHI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.7%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 44.0% efficiency ratio
  • ✓Well capitalized: 55.2% equity/assets
  • ✓Healthy dividend yield of 2.4%
  • ✓Share count reduced 5.4% through buybacks

✗Weaknesses

  • ✗Weak NIM of 0.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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FHI Price & Volume

Federated Hermes, Inc. (FHI) stock price & volume — 10-year historical chart

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FHI Growth Metrics

Federated Hermes, Inc. (FHI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.93%
5 Years4.57%
3 Years7.8%
TTM-

Profit CAGR

10 Years9.04%
5 Years4.32%
3 Years18.97%
TTM35.49%

EPS CAGR

10 Years12.22%
5 Years9.69%
3 Years24.63%
TTM47.04%

Return on Capital

10 Years24.79%
5 Years21.57%
3 Years22.67%
Last Year26.32%

FHI Recent Earnings

Federated Hermes, Inc. (FHI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.27+5.8%
$1.20
Rev
$479M+0.8%
$475M
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$1.39+15.8%
$1.20
Rev
$483M+2.7%
$470M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.34+18.6%
$1.13
Rev
$469M+5.8%
$444M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$1.16+17.2%
$0.99
Rev
$425M-1.7%
$432M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.27vs $1.20+5.8%
$479Mvs $475M+0.8%
Q1 2026Jan 29, 2026
$1.39vs $1.20+15.8%
$483Mvs $470M+2.7%
Q4 2025Oct 30, 2025
$1.34vs $1.13+18.6%
$469Mvs $444M+5.8%
Q3 2025Jul 31, 2025
$1.16vs $0.99+17.2%
$425Mvs $432M-1.7%
Based on last 12 quarters of dataView full earnings history →

FHI Peer Comparison

Federated Hermes, Inc. (FHI) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BEN logoBENFranklin Resources, Inc.Direct Competitor17.17B33.0536.323.45%8.99%5.64%0.94
IVZ logoIVZInvesco Ltd.Direct Competitor12.5B28.14-17.585.11%-3.69%-1.74%0.78
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor948.08M141.607.09-8%16.66%13.51%2.74
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
GROW logoGROWU.S. Global Investors, Inc.Direct Competitor39.31M3.10-124-23.05%29.15%6.96%0.00
BLK logoBLKBlackRock, Inc.Product Competitor173.68B1050.0929.6518.67%22.93%9.86%0.24
TROW logoTROWT. Rowe Price Group, Inc.Product Competitor23.43B107.6511.643.12%28.28%17.56%0.07
AMG logoAMGAffiliated Managers Group, Inc.Product Competitor9.42B352.9015.5219.83%30.92%16.01%0.61

Compare FHI vs Peers

Federated Hermes, Inc. (FHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BEN

Most directly comparable listed peer for FHI.

Scale Benchmark

vs BLK

Larger-name benchmark to compare FHI against a more recognizable public peer.

Peer Set

Compare Top 5

vs BEN, IVZ, VRTS, DHIL

FHI Income Statement

Federated Hermes, Inc. (FHI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
-4.77M-5.88M-5.04M4.12M1.39M-2.1M-12.52M26.07M12.56M-2.98M
NII Growth %
-14.35%-23.32%14.41%181.77%-66.35%-251.52%-496.14%308.2%-51.81%305.08%
Net Interest Margin %
-0.39%-0.38%-0.27%0.2%0.07%-0.1%-0.6%1.25%0.55%-0.14%
Interest Income
0004.12M3.17M8.97M026.07M25.29M6.57M
Interest Expense
4.77M5.88M5.04M01.78M11.07M12.52M012.73M9.55M
Loan Loss Provision
284.44M348.88M437.11M503.4M530.71M501.64M550.87M540.49M466.18M413.37M
Non-Interest Income
1.1B1.14B1.33B1.44B1.3B1.44B1.61B1.61B1.79B1.85B
Non-Interest Income %
100%100%100%99.72%99.76%99.38%100%98.4%98.6%99.65%
Total Revenue
1.1B▲ 0%
1.14B▲ 3.0%
1.33B▲ 16.8%
1.45B▲ 9.1%
1.3B▼ 10.2%
1.45B▲ 11.2%
1.61B▲ 11.3%
1.63B▲ 1.4%
1.81B▲ 11.0%
1.86B▲ 0%
Revenue Growth %
-3.54%2.97%16.84%9.15%-10.21%11.18%11.33%1.4%10.96%48.24%
Non-Interest Expense
472.2M450.63M536.82M526.72M401.68M596.3M658.64M730.14M797.08M927.65M
Efficiency Ratio
42.81%39.68%40.46%36.37%30.89%41.24%40.92%44.74%44.01%49.86%
Operating Income
341.51M▲ 0%
330.28M▼ 3.3%
347.93M▲ 5.3%
418.15M▲ 20.2%
366.27M▼ 12.4%
336.8M▼ 8.0%
387.55M▲ 15.1%
361.47M▼ 6.7%
535M▲ 48.0%
509.75M▲ 0%
Operating Margin %
30.96%29.08%26.22%28.87%28.17%23.29%24.08%22.15%29.54%27.4%
Operating Income Growth %
1.74%-3.29%5.34%20.18%-12.41%-8.05%15.07%-6.73%48.01%-
Pretax Income
352M▲ 0%
296.17M▼ 15.9%
365.27M▲ 23.3%
446.06M▲ 22.1%
376.29M▼ 15.6%
306.22M▼ 18.6%
411.33M▲ 34.3%
381.61M▼ 7.2%
547.53M▲ 43.5%
541.25M▲ 0%
Pretax Margin %
31.92%26.08%27.53%30.8%28.94%21.18%25.56%23.38%30.23%29.09%
Income Tax
57.1M73.88M88.15M110.03M103.98M71.66M106.55M113.18M133.43M135.09M
Effective Tax Rate %
16.22%24.94%24.13%24.67%27.63%23.4%25.9%29.66%24.37%24.96%
Net Income
291.34M▲ 0%
220.3M▼ 24.4%
272.34M▲ 23.6%
326.36M▲ 19.8%
270.29M▼ 17.2%
239.5M▼ 11.4%
298.98M▲ 24.8%
268.31M▼ 10.3%
403.3M▲ 50.3%
398.9M▲ 0%
Net Margin %
26.42%19.4%20.52%22.53%20.78%16.56%18.58%16.44%22.27%21.44%
Net Income Growth %
39.45%-24.39%23.62%19.84%-17.18%-11.39%24.84%-10.26%50.31%35.49%
Net Income (Continuing)
294.9M222.3M277.13M336.02M272.31M234.56M304.78M268.43M414.1M406.17M
EPS (Diluted)
2.87▲ 0%
2.27▼ 20.9%
2.69▲ 18.5%
3.23▲ 20.1%
2.75▼ 14.9%
2.65▼ 3.6%
3.40▲ 28.3%
3.23▼ 5.0%
5.13▲ 58.8%
5.49▲ 0%
EPS Growth %
41.38%-20.91%18.5%20.07%-14.86%-3.64%28.3%-5%58.82%47.04%
EPS (Basic)
2.872.272.693.252.772.653.403.235.37-
Diluted Shares Outstanding
97.41M96.95M97.26M96.42M93.6M85.76M83.86M79.43M75.1M72.65M

FHI Balance Sheet

Federated Hermes, Inc. (FHI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
369.54M190.49M340.63M438.77M426.67M521.75M560.67M641.04M725.64M2.63B
Cash & Due from Banks
316.26M156.83M249.17M301.82M233.33M336.78M383.18M504.44M583.89M645.42M
Short Term Investments
53.27M33.66M91.46M136.95M193.35M184.97M177.5M136.6M141.75M0
Total Investments
127.15M33.66M95.16M143.85M193.35M184.97M177.5M136.6M164.25M0
Investments Growth %
-52.32%-73.53%182.73%51.17%34.41%-4.33%-4.04%-23.04%20.24%-42.92%
Long-Term Investments
73.88M594K3.7M6.9M000022.49M22.49M
Accounts Receivables
53.48M95.08M102.08M105.96M96.27M94.01M124.42M106.22M105.68M0
Goodwill & Intangibles
736.91M1.15B1.22B1.28B1.27B1.21B1.22B1.13B1.18B1.5B
Goodwill
660.04M809.61M774.53M800.27M798.87M800.42M807.16M804.82M01.17B
Intangible Assets
76.88M339.64M446.23M481.75M471.21M409.16M409.45M327.88M1.18B325.05M
PP&E (Net)
37.67M53.23M152.24M174.69M155.27M128.6M129.98M130.28M120.63M0
Other Assets
57.22M37.11M42.15M21.89M33.39M31.27M34.53M40.36M71.28M0
Total Current Assets
437.27M304.1M461.28M575.34M559.45M651.03M720.73M781.35M831.32M645.42M
Total Non-Current Assets
794.14M1.24B1.42B1.49B1.46B1.37B1.38B1.3B1.46B1.17B
Total Assets
1.23B▲ 0%
1.54B▲ 25.4%
1.88B▲ 21.8%
2.06B▲ 9.6%
2.02B▼ 2.1%
2.02B▲ 0.1%
2.1B▲ 4.0%
2.08B▼ 0.8%
2.29B▲ 9.9%
2.14B▲ 0%
Asset Growth %
6.61%25.36%21.8%9.61%-2.07%0.11%4.03%-0.82%9.85%36.6%
Return on Assets (ROA)
24.42%15.88%15.91%16.56%13.25%11.86%14.51%12.82%18.44%18.2%
Accounts Payable
47.59M56.11M69.01M61.74M64.02M73.9M88.29M97.21M00
Total Debt
170M135M221.12M212.77M346.07M452.78M457.94M461.97M457.01M348.43M
Net Debt
-146.26M-21.83M-28.06M-89.05M112.74M116M74.76M-42.47M-126.88M-296.98M
Long-Term Debt
170M135M100M75M223.35M347.58M347.84M348.11M348.37M348.43M
Short-Term Debt
0000000020.15M0
Other Liabilities
53.73M222.22M188.51M224.49M241.64M221.16M218.75M199.5M325.31M0
Total Current Liabilities
128.85M181.18M230.71M265.45M270.71M257.41M287.34M289.19M20.15M240.68M
Total Non-Current Liabilities
341.35M505.38M396.05M421.41M570.26M655.55M660.4M644.77M1.01B348.43M
Total Liabilities
470.19M686.56M626.76M686.86M840.97M912.97M947.75M933.96M1.03B589.11M
Total Equity
791.38M▲ 0%
1.04B▲ 31.4%
1.25B▲ 20.6%
1.37B▲ 9.6%
1.18B▼ 14.3%
1.11B▼ 5.9%
1.15B▲ 4.2%
1.15B▼ 0.3%
1.26B▲ 9.8%
1.61B▲ 0%
Equity Growth %
32.62%31.37%20.56%9.62%-14.32%-5.92%4.21%-0.29%9.8%82.83%
Equity / Assets (Capital Ratio)
64.27%67.35%66.66%66.67%58.33%54.81%54.91%55.2%55.17%75.25%
Return on Equity (ROE)
41.98%24.06%23.75%24.84%21.19%20.96%26.44%23.28%33.41%29.52%
Book Value per Share
8.1210.7212.8914.2512.5812.9113.7614.4916.8222.21
Tangible BV per Share
0.56-1.130.340.95-0.99-1.19-0.750.231.061.57
Common Stock
1.04B1.14B392.21M418.86M449.12M441.14M475M503.52M532.6M-929.5M
Additional Paid-in Capital
0000002K000
Retained Earnings
697.36M791.82M930.35M1.03B1.19B1.02B1.19B1.26B1.53B1.59B
Accumulated OCI
-790K-14.62M-249K15.17M16.36M-45.68M-19.91M-32.08M6.48M-2.42M
Treasury Stock
-278.73M-287.34M-281.03M-324.73M-538.46M-365.36M-521.4M-632.84M-873.21M0
Preferred Stock
697.36M791.82M00000000

FHI Cash Flow Statement

Federated Hermes, Inc. (FHI) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
270.38M206.28M334.94M373.24M170.38M323.95M311.83M346.55M297.35M311.89M
Operating CF Growth %
6.97%-23.71%62.37%11.44%-54.35%90.13%-3.74%11.14%-14.2%38.14%
Net Income
294.9M222.3M277.13M336.02M272.31M234.56M304.78M268.43M385.16M398.9M
Depreciation & Amortization
10.64M17.09M25.92M28.56M30.01M28.09M26.87M22.43M22.26M22.1M
Deferred Taxes
-59.27M12.26M7.45M18.17M19.03M-18.72M4.25M-14.94M020.63M
Other Non-Cash Items
14.93M25.41M-32.36M-32.68M-177.97M40.56M-45.88M24.27M-105.95M-242.53M
Working Capital Changes
-13.32M-94.67M23.85M-12.29M-12.7M3.96M-12.14M17.57M-3.36M87.17M
Cash from Investing
117.97M-174.44M-94.68M-24.82M10.82M-32.36M-30.61M64.25M165.93M10.52M
Purchase of Investments
-8.13M-7.27M-103.44M-25.51M-9.43M-22.64M0-76.09M-18.69M-10.72M
Sale/Maturity of Investments
140.25M23.08M90.42M32.48M143.63M77.94M00206.16M32.58M
Net Investment Activity
132.12M15.82M-13.02M6.96M134.2M55.3M0-76.09M187.47M21.86M
Acquisitions
-4.35M-157.38M-21.59M-11.32M26.56M-27.98M0-3.24M-12.76M-2.35M
Other Investing
15.15M211K-45.02M-6.96M-139.52M-55.3M-22.7M143.57M-6.03M-7.2M
Cash from Financing
-176.92M-186.12M-152.68M-295.14M-249.47M-168.51M-243.09M-286.4M-401.81M-203.38M
Dividends Paid
-101.51M-106.94M-109.15M-207.76M-105.76M-97.92M-98.09M-184.81M-104.87M-105.51M
Share Repurchases
-48.64M-29.25M-15.74M-66.76M-228.35M-218.14M-177.07M-137.62M-262.77M-207.37M
Stock Issued
0000000000
Net Stock Activity
-48.64M-29.25M-15.74M-66.76M-228.35M-218.14M-177.07M-137.62M-262.77M-207.37M
Debt Issuance (Net)
-1000K-1000K-1000K-1000K1000K1000K0000
Other Financing
-5.52M-14.93M7.21M4.39M-63.71M20.89M32.07M36.03M-34.16M44.77M
Net Change in Cash
211.43M▲ 0%
-159.38M▼ 175.4%
92.08M▲ 157.8%
59.12M▼ 35.8%
-70.58M▼ 219.4%
102.9M▲ 245.8%
46M▼ 55.3%
120.61M▲ 162.2%
76.79M▼ 36.3%
126.34M▲ 0%
Exchange Rate Effect
0-5.11M4.51M5.84M-2.31M-20.17M7.87M-3.79M15.32M7.32M
Cash at Beginning
104.84M316.81M157.43M249.51M308.63M238.05M340.95M386.95M507.57M584.38M
Cash at End
316.26M157.43M249.51M308.63M238.05M340.95M386.95M507.57M584.38M514.38M
Interest Paid
4.11M5.32M4.61M2.39M1.13M7.18M11.65M11.59M00
Income Taxes Paid
118.41M61.57M72.61M98.73M91.92M85.58M108.64M125.87M00
Free Cash Flow
260.58M▲ 0%
189.01M▼ 27.5%
319.89M▲ 69.2%
359.74M▲ 12.5%
159.96M▼ 55.5%
319.58M▲ 99.8%
303.92M▼ 4.9%
342.53M▲ 12.7%
294.58M▼ 14.0%
306.95M▲ 0%
FCF Growth %
8.6%-27.47%69.25%12.46%-55.53%99.78%-4.9%12.71%-14%-11.26%

FHI Banking Ratios

Federated Hermes, Inc. (FHI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
41.98%24.06%23.75%24.84%21.19%20.96%26.44%23.28%33.41%29.52%
Return on Assets (ROA)
24.42%15.88%15.91%16.56%13.25%11.86%14.51%12.82%18.44%18.2%
Net Interest Margin
-0.39%-0.38%-0.27%0.2%0.07%-0.1%-0.6%1.25%0.55%-0.14%
Efficiency Ratio
42.81%39.68%40.46%36.37%30.89%41.24%40.92%44.74%44.01%49.86%
Equity / Assets
64.27%67.35%66.66%66.67%58.33%54.81%54.91%55.2%55.17%75.25%
Book Value / Share
8.1210.7212.8914.2512.5812.9113.7614.4916.8222.21
NII Growth
-14.35%-23.32%14.41%181.77%-66.35%-251.52%-496.14%308.2%-51.81%76.53%
Dividend Payout
34.84%48.54%40.08%63.66%39.13%40.88%32.81%68.88%26%19.95%
Related:FHI Dividend History·FHI Revenue History·FHI Price History·FHI P/E History·FHI Financial Ratios·FHI Institutional Holders

FHI SEC Filings & Documents

Federated Hermes, Inc. (FHI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 9, 2026·SEC

Material company update

Jan 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 1, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FHI Frequently Asked Questions

Federated Hermes, Inc. (FHI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Federated Hermes, Inc. (FHI) grew revenue by 11.0% over the past year. This is steady growth.

Yes, Federated Hermes, Inc. (FHI) is profitable, generating $398.9M in net income for fiscal year 2025 (22.3% net margin).

Dividend & Returns

Yes, Federated Hermes, Inc. (FHI) pays a dividend with a yield of 2.36%. This makes it attractive for income-focused investors.

Federated Hermes, Inc. (FHI) has a return on equity (ROE) of 33.4%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Federated Hermes, Inc. (FHI) has a net interest margin (NIM) of 0.5%. NIM has been under pressure due to interest rate environment.

Federated Hermes, Inc. (FHI) has an efficiency ratio of 44.0%. This is excellent, indicating strong cost control.

What if you invested $1,000 in FHI back in 1997?

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How much would $100/month in FHI be worth today?

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