FEDERATED HERMES, INC. FHI

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived NYSE

Federated Hermes, Inc., a Pennsylvania corporation, together with its consolidated subsidiaries (collectively, Federated Hermes) is a global leader in active investing with $902.6 billion in assets under management (AUM or managed assets) at December 31, 2025. Federated Hermes has been in the investment management business since 1955 and is one of the largest investment managers in the United States (U.S.). Federated Hermes also provides stewardship services to customers seeking a range of solutions for engagement, as well as real estate development and renewable energy project development services. In seeking to enhance long-term risk-adjusted investment performance, and create long-term financial value/wealth, for its customers and clients (collectively, including intermediaries, customers) consistent with its fiduciary duties and customer objectives, Federated Hermes has taken steps to integrate the proprietary insights from fundamental investment analysis, including governance, environmental and social factors and engagement interactions, into many of the products and strategies it manages.

Last close 56.81 2026-10-23
Market cap $4.09B estimated share count
52-week range 46.66 - 67.20

Valuation FY2025 figures against the last close

P/S2.3x
P/E11.1x
P/FCF13.9x
EV/EBITDA7.4x
Dividend yield2.6%
Diluted EPS5.13

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.80B$1.63B$1.61B$1.45B$1.30B$1.45B$1.33B$1.14B$1.10B$1.14B
Total operating expenses $1.29B$1.27B$1.22B$1.11B$934.2M$1.03B$979.0M$805.4M$761.4M$807.7M
Operating income $513.9M$361.5M$387.5M$336.8M$366.3M$418.2M$347.9M$330.3M$341.5M$335.7M
Pre-tax income $547.5M$381.6M$411.3M$306.2M$376.3M$446.1M$365.3M$296.2M$352.0M$340.9M
Income tax $133.4M$113.2M$106.6M$71.7M$104.0M$110.0M$88.1M$73.9M$57.1M$119.4M
Net income $403.3M$268.3M$299.0M$239.5M$270.3M$326.4M$272.3M$220.3M$291.3M$208.9M
EPS, basic 5.133.233.402.652.773.252.692.18——
EPS, diluted 5.133.233.402.652.753.232.692.182.872.03
Shares, diluted (wtd. avg.) 75.1M79.4M83.9M85.8M93.8M96.5M97.3M96.9M97.4M99.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $582.5M$504.4M$383.2M$341.0M$238.1M$308.6M$249.5M$157.4M$316.8M$105.4M
Receivables ———$58.1M$65.3M$64.9M$64.5M$60.1M$26.0M$44.8M
Total current assets $863.8M$781.4M$720.7M$651.0M$559.4M$575.3M$461.3M$304.1M$437.3M$359.8M
Property, plant and equipment $24.8M$25.6M$30.7M$35.7M$47.0M$52.6M$51.7M$53.2M$37.7M$39.3M
Goodwill $852.1M$804.8M$807.2M$800.4M$798.9M$800.3M$774.5M$809.6M$660.0M$659.2M
Other intangibles $331.5M$327.9M$409.4M$409.2M$471.2M$481.8M$446.2M$339.6M$76.9M—
Total assets $2.23B$2.08B$2.10B$2.02B$2.02B$2.06B$1.88B$1.54B$1.23B$1.16B
Total current liabilities $314.1M$289.2M$287.3M$257.4M$270.7M$265.4M$230.7M$181.2M$128.8M$162.5M
Long-term debt $348.4M$348.1M$347.8M$347.6M$223.3M—————
Total liabilities $965.9M$934.0M$947.7M$913.0M$841.0M$686.9M$626.8M$504.0M$440.0M$528.0M
Retained earnings $1.53B$1.26B$1.19B$1.02B$1.19B$1.03B$930.4M$791.8M$697.4M$529.7M
Total equity $1.20B$1.10B$1.13B$1.05B$1.11B$1.14B$1.04B$857.1M$761.2M$595.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $297.3M$346.6M$311.8M$323.9M$170.4M$373.2M$334.9M$206.3M$387.4M$265.7M
Depreciation and amortisation $8.3M$9.1M$13.0M$15.1M$15.4M$16.0M$16.5M$12.9M$11.1M$9.7M
Stock-based compensation $29.1M$28.8M$33.9M$34.8M$30.3M$26.7M$25.1M$23.9M$22.5M$22.4M
Capital expenditure $2.8M$4.0M$7.9M$4.4M$10.4M$13.5M$15.0M$17.3M$9.8M$12.8M
Investing cash flow $2.0M$64.3M-$30.6M-$32.4M$10.8M-$24.8M-$94.7M-$174.4M$1.0M-$21.0M
Financing cash flow -$237.9M-$286.4M-$243.1M-$168.5M-$249.5M-$295.1M-$152.7M-$186.1M-$176.9M-$312.4M
Dividends paid $104.9M$184.8M$98.1M$97.9M$105.8M$207.8M$109.1M$106.9M$101.5M$205.5M
Buybacks $262.8M$137.6M$177.1M$218.1M$228.3M$66.8M$15.7M$29.2M$48.6M$81.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001056288-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 1.1B Net income, FY2016: 208.9M Revenue, FY2017: 1.1B Net income, FY2017: 291.3M Revenue, FY2018: 1.1B Net income, FY2018: 220.3M Revenue, FY2019: 1.3B Net income, FY2019: 272.3M Revenue, FY2020: 1.4B Net income, FY2020: 326.4M Revenue, FY2021: 1.3B Net income, FY2021: 270.3M Revenue, FY2022: 1.4B Net income, FY2022: 239.5M Revenue, FY2023: 1.6B Net income, FY2023: 299M Revenue, FY2024: 1.6B Net income, FY2024: 268.3M Revenue, FY2025: 1.8B Net income, FY2025: 403.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.14B $1.10B $1.14B $1.33B $1.45B $1.30B $1.45B $1.61B $1.63B $1.80B
Gross profit — — — — — — — — — —
Net income $208.9M $291.3M $220.3M $272.3M $326.4M $270.3M $239.5M $299.0M $268.3M $403.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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