FEDERATED HERMES, INC.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
FHI$65.53+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Consolidated Statements of Income | ||
|---|---|---|
| (dollars in thousands, except per share data) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 31, | ||
| 2026 | 2025 | |
| Revenue | ||
| Investment Advisory Fees, net—Affiliates | $252,404 | $223,373 |
| Investment Advisory Fees, net—Other | 67,004 | 64,087 |
| Administrative Service Fees, net—Affiliates | 110,285 | 101,109 |
| Other Service Fees, net—Affiliates | 44,788 | 30,867 |
| Other Service Fees, net—Other | 4,476 | 4,104 |
| Total Revenue | 478,957 | 423,540 |
| Operating Expenses | ||
| Compensation and Related | 154,119 | 143,270 |
| Distribution | 125,745 | 99,085 |
| Systems and Communications | 26,463 | 24,226 |
| Professional Service Fees | 21,336 | 18,548 |
| Office and Occupancy | 10,062 | 9,952 |
| Advertising and Promotional | 4,098 | 4,576 |
| Travel and Related | 3,850 | 3,553 |
| Intangible Asset Related | 3,422 | 3,196 |
| Other | 3,531 | (14,638) |
| Total Operating Expenses | 352,626 | 291,768 |
| Operating Income | 126,331 | 131,772 |
| Nonoperating Income (Expenses) | ||
| Investment Income, net | 6,240 | 6,513 |
| Gain (Loss) on Securities, net | 413 | 962 |
| Debt Expense | (3,185) | (3,179) |
| Other, net | (30) | (27) |
| Total Nonoperating Income (Expenses), net | 3,438 | 4,269 |
| Income Before Income Taxes | 129,769 | 136,041 |
| Income Tax Provision | 33,823 | 32,165 |
| Net Income Including the Noncontrolling Interests in Subsidiaries | 95,946 | 103,876 |
| Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | (432) | 2,742 |
| Net Income | $96,378 | $101,134 |
| Amounts Attributable to Federated Hermes, Inc. | ||
| Earnings Per Common Share—Basic and Diluted | $1.27 | $1.25 |
| Cash Dividends Per Share | $0.34 | $0.31 |
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