What is Federated Hermes's net margin?

Federated Hermes (FHI) reported net margin of 21.5% in Q1 2026.

How has Federated Hermes's net margin changed year-over-year?

Federated Hermes's net margin increased by 21.0% year-over-year, from 17.7% to 21.5%.

What is the long-term trend for Federated Hermes's net margin?

Over 5 years (2020 to 2025), Federated Hermes's net margin has grown at a -0.1% compound annual growth rate (CAGR), from 22.5% to 22.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Federated Hermes FHI Net margin

Net margin at other companies

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21.2%-0.6pp

BlackrockBLK

24.4%-5.7pp

Janus Henderson GroupJHG

28.4%+11.8pp

BEN

Franklin ResourcesBEN

8.1%+2.5pp

T Rowe Price GroupTROW

28.3%-0.1pp

Apollo Global ManagementAPO

3.6%-11.0pp

Other financials

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

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Market cap$4.48B+30.1%

Enterprise value$4.42B+25.5%

P/E11.3×-0.5×

P/S2.4×+0.3×

Profitability

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Operating margin27.4%+3.6pp

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×

Where this comes from

Calculated from Federated Hermes’s reported figures.

net income/total revenue=21.5%

Based on trailing twelve months.

The official record: Federated Hermes’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Federated Hermes's net margin?: Federated Hermes (FHI) reported net margin of 21.5% in Q1 2026.
How has Federated Hermes's net margin changed year-over-year?: Federated Hermes's net margin increased by 21.0% year-over-year, from 17.7% to 21.5%.
What is the long-term trend for Federated Hermes's net margin?: Over 5 years (2020 to 2025), Federated Hermes's net margin has grown at a -0.1% compound annual growth rate (CAGR), from 22.5% to 22.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.