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FHIFederated Hermes, Inc.
$56.45$4.3B
Overview & Verdict
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FHI logoFederated Hermes, Inc.(FHI)Earnings, Financials & Key Ratios

FHI•NYSE•Banking & Credit
$56.22
11.0× P/E·Price updated Jun 25, 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 Price & Volume

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

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Federated Hermes Navigates Volatile Cash Flow Cycles

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory money market reform

Key Thesis Takeaways

  • Federated Hermes demonstrates a resilient revenue trajectory, growing from $391.5 million in 2023Q4 to $479.0 million by 2026Q1, supported by a disciplined balance sheet with a debt-to-equity ratio consistently below 0.43.
  • While the firm benefits from structural margin expansion—evidenced by gross margins reaching 72.6% in 2025Q4—investors should monitor the significant volatility in cash conversion, where the OCF/NI ratio has fluctuated between 0.14 and 4.22.
  • Future performance remains sensitive to regulatory money market reforms and the firm's reliance on goodwill, which constitutes $1.2 billion of its $2.1 billion total asset base.

Verdict Logic

while the stock trades at a modest 11.21 P/E TTM, the extreme volatility in cash conversion and reliance on $1.2 billion in goodwill warrants a cautious approach until operational cash flows stabilize.

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 →

Latest FHI News

Recent stock market news and headlines for Federated Hermes, Inc. (FHI)

Zacks Investment Research·3 days ago
Why Federated Hermes (FHI) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Federated Hermes (FHI) have what it takes?

PRNewsWire·5 days ago
Federated Hermes launches active, short-duration fixed-income ETF

Federated Hermes strategically expands ETF lineup to meet client interests and objectives in a wide range of market conditions Federated Hermes Ultrashort Bond ETF aims to deliver attractive income while maintaining a conservative risk profile PITTSBURGH, June 24, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today introduced Federated Hermes Ultrashort Bond ETF (CBOE: FUSD), designed for investors seeking higher yields in an uncertain interest rate environment. Federated Hermes Ultrashort Bond ETF pursues its objective of providing total return consistent with current income by investing primarily in a diversified portfolio of investment-grade debt securities.

PRNewsWire·Jun 22, 2026
Federated Hermes names Kathryn Glass as the next head of its high-yield fixed-income group

PITTSBURGH, June 22, 2026 /PRNewswire/ -- Federated Hermes, a global leader in active investing, today announced that Kathryn (Katie) Glass, CFA, senior portfolio manager and current co-head of the Federated Hermes Domestic High Yield Group, will become head of the group following the retirement of Mark Durbiano, CFA, effective December 31, 2026, after 44 years with Federated Hermes. As head of the high-yield group, Glass will draw upon her 29 years of investment experience as she assumes all leadership and investment oversight responsibilities for the team.

Zacks Investment Research·Jun 18, 2026
Federated Hermes Touches All-Time High: How to Play the Stock Now?

After reaching an all-time high, can FHI's AUM growth, money market strength and shareholder returns drive further upside? Let us find out.

PRNewsWire·Jun 17, 2026
Federated Hermes launches active ETF offering investors access to leading international companies

Federated Hermes International Leaders ETF can serve as core international equity allocation Federated Hermes strategically expands ETF lineup to meet client interests and objectives in a wide range of market conditions PITTSBURGH, June 17, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today introduced Federated Hermes International Leaders ETF (CBOE: FHIL), designed for investors seeking international equity exposure through well-known, established global companies. Utilizing deep fundamental analysis to identify undervalued companies across international markets, Federated Hermes International Leaders ETF seeks to achieve its objective of long-term capital growth by investing primarily in developed market stocks of high-quality, foreign companies that appear to be trading below their intrinsic value.

Peers Comparison

Key metrics vs top competitors for Federated Hermes, Inc. (FHI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FHI logoFHIFederated Hermes, Inc.Current
$56.22$4.27B10.9610.96%22.27%33.41%2.48%
BEN logoBENFranklin Resources, Inc.
$32.65$16.97B35.883.45%8.99%5.64%—
IVZ logoIVZInvesco Ltd.
$25.88$11.5B-16.185.11%-3.69%-1.74%—
VRTS logoVRTSVirtus Investment Partners, Inc.
$135.69$906.7M6.79-8%14.61%11.15%—
DHIL logoDHILDiamond Hill Investment Group, Inc.
$174.99$473.29M9.774.48%30.89%27.03%—
GROW logoGROWU.S. Global Investors, Inc.
$3.15$39.94M-126.00-23.05%29.15%6.96%—

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 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

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FHI Frequently Asked Questions

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

Growth & Financials
How fast is Federated Hermes, Inc. growing?

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

Is FHI profitable?

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

Dividend & Returns
Does FHI pay dividends?

Yes, Federated Hermes, Inc. (FHI) pays a dividend with a yield of 2.48%. This makes it attractive for income-focused investors.

What is FHI's return on equity?

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

Industry Metrics
What is Federated Hermes, Inc.'s net interest margin?

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

What is Federated Hermes, Inc.'s efficiency ratio?

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?

Total return calculator · dividends reinvested · 29+ years of data

See returns →