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Federated Hermes

FHI

Federated Hermes, Inc. is a global leader in active investing, providing investment management and stewardship services to a diverse range of institutional and retail clients.

Market cap
$4.59B+16.9%
Revenue$1.9B+11.9%
Net income$398.5M+35.4%
Free cash flow$305.3M-10.9%
EPS (diluted)$5.15+45.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$488.3M
EPS estimate$1.19

Financials

Q1 2026

Income statement

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Revenue$479.0M+13.1%
Operating income$126.3M-4.1%
Net income$96.4M-4.7%
EPS (diluted)$1.27+1.6%

Balance sheet

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Cash & equivalents$513.9M+32.6%
Total debt$450.5M-1.9%
Total equity$1.2B+11.9%
Total assets$2.1B+7.1%

Cash flow

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Operating cash flow$28.8M+102%
CapEx$4.8M+398%
Free cash flow$24.0M+80.1%

Valuation & ratios

Valuation

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Market cap$4.59B+16.9%
Enterprise value$4.53B+13.5%
P/E11.5×+0.8×
P/S2.5×+0.2×

Profitability

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Operating margin27.4%+3.6pp
Net margin21.5%+3.7pp
FCF margin16.4%-4.2pp

Returns & leverage

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Return on equity35%+8.5pp
Debt / equity0.4×-0.1×
Current ratio3.3×+0.2×

Competitors

Profile

Federated Hermes, Inc. is a global leader in active investing, providing investment management and stewardship services to a diverse range of institutional and retail clients. The company offers a broad suite of investment strategies across equity, fixed-income, money market, and alternative asset classes, primarily generating revenue through investment advisory fees based on assets under management.

Competitive position

A leading global active investment manager and one of the largest managers of money market assets in the United States.

GeographiesUnited States, United Kingdom, Ireland, Luxembourg, Australia, Cayman Islands, Germany, Singapore
Customer segmentsRetail Investors, Institutional Investors, Financial Intermediaries, Governmental Entities
Business modelAUM-based fees, Service-based fees, Investment Management
SuppliersFinancial Data Providers, Technology Infrastructure Providers, Regulatory Bodies, Independent Fund Boards
CustomersBroker-dealers, Registered Investment Advisors, Banks, Insurance Companies, Foundations and Endowments, Retail Investors
Listed1998
Employees2.0K
CEOJohn Christopher Donahue
FilingsSEC EDGAR

Questions, answered.

What is Federated Hermes's market cap?
Federated Hermes (FHI) has a market capitalization of $4.6B and trades on NYSE.
What is Federated Hermes's revenue and profitability?
Federated Hermes generated $1.9B in trailing twelve-month revenue with net income of $398.5M, representing a net margin of 21.5%, with free cash flow of $305.3M. These figures are based on the Q1 2026 filing.
Who are Federated Hermes's competitors?
Federated Hermes's key competitors include BlackRock, Inc., State Street Corporation, Franklin Resources, Inc., and others. These companies compete in similar markets and product categories.
Who does Federated Hermes partner with?
Federated Hermes's notable partners include Cboe Global Markets Inc., New York Stock Exchange.
What subsidiaries does Federated Hermes have?
Federated Hermes's subsidiaries include Federated Hermes Limited, Federated Securities Corp., FII Holdings, Inc., and others.
Where is Federated Hermes headquartered?
Federated Hermes is headquartered in United States of America and employs approximately 2,025 people. It has been publicly traded since 1998.