FEDERATED HERMES, INC.
For the period ended Sep 30, 2026. Filed Oct 30, 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.
Sep 30, 2026 · Filed Oct 30, 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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Item 1. Financial Statements
| Consolidated Balance Sheets | ||
|---|---|---|
| (dollars in thousands) | ||
| (unaudited) | ||
| September 30,2026 | December 31,2025 | |
| ASSETS | ||
| Current Assets | ||
| Cash and Cash Equivalents | $373,664 | $582,542 |
| Investments—Consolidated Investment Companies | 149,781 | 85,501 |
| Investments—Affiliates and Other | 56,826 | 56,254 |
| Receivables, net of reserve of $21 and $21, respectively | 74,010 | 47,553 |
| Receivables—Affiliates | 46,073 | 42,225 |
| Prepaid Expenses | 39,638 | 36,832 |
| Other Current Assets | 2,606 | 12,885 |
| Total Current Assets | 742,598 | 863,792 |
| Long-Term Assets | ||
| Goodwill | 1,114,261 | 852,102 |
| Intangible Assets, net of accumulated amortization of $108,498 and $95,365, respectively | 385,072 | 331,510 |
| Property and Equipment, net of accumulated depreciation of $87,234 and $86,955, respectively | 49,130 | 24,838 |
| Right-of-Use Assets, net | 122,251 | 95,793 |
| Other Long-Term Assets | 53,765 | 61,302 |
| Total Long-Term Assets | 1,724,479 | 1,365,545 |
| Total Assets | $2,467,077 | $2,229,337 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts Payable and Accrued Expenses | $97,570 | $99,046 |
| Accrued Compensation and Benefits | 146,992 | 176,329 |
| Lease Liabilities | 19,872 | 20,147 |
| Other Current Liabilities | 35,215 | 18,619 |
| Total Current Liabilities | 299,649 | 314,141 |
| Long-Term Liabilities | ||
| Long-Term Debt | 348,565 | 348,369 |
| Long-Term Deferred Tax Liability, net | 179,384 | 183,542 |
| Long-Term Lease Liabilities | 126,454 | 88,491 |
| Other Long-Term Liabilities | 50,162 | 31,317 |
| Total Long-Term Liabilities | 704,565 | 651,719 |
| Total Liabilities | 1,004,214 | 965,860 |
| Commitments and Contingencies (Note (18)) | ||
| TEMPORARY EQUITY | ||
| Redeemable Noncontrolling Interests in Subsidiaries | 171,943 | 66,529 |
| PERMANENT EQUITY | ||
| Federated Hermes, Inc. Shareholders’ Equity | ||
| Common Stock: | ||
| Class A, No Par Value, 20,000 Shares Authorized, 9,000 Shares Issued and Outstanding | 189 | 189 |
| Class B, No Par Value, 900,000,000 Shares Authorized, 99,505,456 Shares Issued | 556,792 | 532,413 |
| Additional Paid-In Capital | 15,070 | 0 |
| Retained Earnings | 1,752,262 | 1,531,076 |
| Treasury Stock, at Cost, 25,583,774 and 23,118,490 Shares Class B Common Stock, respectively | (1,031,794) | (873,214) |
| Accumulated Other Comprehensive Income (Loss), net of tax | (1,599) | 6,484 |
| Total Permanent Equity | 1,290,920 | 1,196,948 |
| Total Liabilities, Temporary Equity and Permanent Equity | $2,467,077 | $2,229,337 |
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