The financials
Federated Hermes, Inc. by the numbers
Federated Hermes, Inc. (FHI) reported revenue of $479M in Q1 2026 (quarter ended Mar 31, 2026), up 13% from the same quarter a year earlier. That came with net income of $96M (20% of revenue). For the full year FY2025, revenue was $1.80B (+10% year on year) and net income $403M. Its largest product in Jun 2026 was Federated Hermes Funds at $424M, 84% of the disclosed total, well ahead of Separateaccounts at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $479M | $424M | +13% |
| Operating income | $126M | $132M | −4.1% |
| Net income | $96M | $101M | −4.7% |
| Diluted EPS | $1.27 | $1.25 | +1.6% |
| Product | Revenue | Share |
|---|---|---|
| Federated Hermes Funds | $424M | 84% |
| Separateaccounts | $70M | 14% |
| Other | $8.7M | 1.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $502.8M (+5.0%)
Other grew +65% year on yearSeparateaccounts +12% year on year
Segment Latestquarter on quarteryear on year
- Federated Hermes Funds$424.3M$424.3MQoQ +4.1%year on year +19%+4.1%+19%
- Separateaccounts$69.8M$69.8MQoQ +4.2%year on year +12%+4.2%+12%
- Other$8.7M$8.7MQoQ +95%year on year +65%+95%+65%